Skip to main content

detroit3bailout

  • 0
    REPORT: Unsigned waivers to blame for Chrysler Financial rejection of gov't cash
    1240328400

    Over the past two days, we've told you what we've heard about the latest short-term federal aid coming to Chrysler and GM. According to the latest reports, it will be $5B to the latter and $500M to the former. We also mentioned it had been reported that Chrysler Financial had inexplicably turned ...

  • 0
    REPORT: GM to get $5B, Chrysler $500M from gov't
    1240322340

    Is General Motors about to get an additional $5 billlion from the Feds? Will Chrysler be getting another $500 million? The Detroit News seems to think so. Citing Obama Administration sources and a leaked 250-page government report, they say that those figures are accurate. The money will reportedly ...

  • 0
    REPORT: Dealers say bailout hasn't made for more GMAC loans
    1232454480

    Show me the money. With apologies to Cuba Gooding Jr., that is exactly what many General Motors dealers are saying to GMAC Financial Services. Despite being given $5 billion from the U.S. Government last month, GMAC apparently hasn't loosened its purse strings enough for dealers' likings. Some, in ...

  • 0
    Oil may hit $35/barrel in wake of auto bailout bust
    1229126280

    With the U.S. Senate denying the Detroit 3 relief plan, it looks like oil prices might continue to tumble. Our sibling site BloggingStocks is predicting barrel prices might drop as low as $35 as a result. This comes on the heels of predictions of higher prices in the near future.It had been thought ...

  • 0
    GM has spent $750 million developing the Volt
    1228949880

    Click above for high-res gallery of the 2010 Chevy Volt
    Although they're a big part of the Congressional pitch to get some federal funds, green cars aren't going to make the Detroit 3 profitable on their own any time soon. Take the Chevrolet Volt for example. When GM CEO Rick Wagoner testified ...

  • 0
    Detroit 3 seeking $6.8 billion from Canadian government
    1228759140

    What to do when you wanted $34 billion and Congress only gave you $15 billion? Try again, but this time go North young man. The Detroit 3 are now making a pitch to the Canadian legislature seeking an additional $6.8 billion from Canada where nearly 100,000 workers are employed in factories and ...

  • 0
    Jay Leno for, Jeremy Clarkson against Detroit 3 bailout
    1228507560

    It's the battle of the big chins! (Who are we kidding, Leno would win that fight against anyone.) Two gentlemen who stand as giants in automotive culture have finally weighed in with their opinions on whether or not the Detroit 3 should be rescued by the U.S. government. Jay Leno is all for it, ...

  • 0
    Mulally driving to Washington, but what car should he drive?
    1228177620

    It seems the entire world is still debating whether or not Rick Wagoner, Alan Mulally and Bob Nardelli should have carpooled, walked or taken the bus for their last trip to the Capitol, but that's all behind us now. The good news for those who like to play expert on the internet is that Detroit's ...

  • 0
    Detroit to DC caravan cancelled
    1227982920

    Remember the growing movement to caravan a few hundred of Detroit's most fuel efficient vehicles to the automaker's next meeting with Congress? Not happening. Interestingly, it wasn't for lack of support. In fact, it was just the opposite. So many people had voiced their support and announced their ...

  • 0
    Paulson: Automaker aid won't come from financial bailout money
    1226530680

    Some U.S. policymakers believe that the domestic auto industry needs a multi-billion $hot in the arm, but the sticking point seems to be where to find the funds. Rep. Barney Frank (D-Mass.) is calling for a portion of the financial sector's $700 billion TARP buyout to be apportioned to Detroit, but ...

  • 0
    Two down, one to go: Senate approves $25 billion for Big 3
    1222698540

    Last week, the House of Representatives passed a bill approving a $25 billion loan for the Detroit 3. Now the Senate, by a similar margin, has passed the bill, which means it needs George W. Bush's John Hancock in order for the automakers to see their funds.The process actually began last year when ...

  • 0
    Germans none to happy about U.S. aid to automakers
    1222385280

    Matthias Wissmann, current head of the Verband Deutscher Automobilhersteller (VDA, or Association of the German Automotive Industry for us non-German speaking folks), is none too pleased with the passing of a $25 billion financing package for the Detroit automakers. Under the terms of the ...

Loading

Loading
Autoblog iPhone App
Shop for a vehicle