The Big Three Automakers

The Big Three Automakers

The "Big Three" automakers are facing increased competition and playing a more and more active role in politics and lobbying. How will the big three handle demands for better fuel efficiency in vehicles, health care for employees, and... [more]

The "Big Three" automakers are facing increased competition and playing a more and more active role in politics and lobbying. How will the big three handle demands for better fuel efficiency in vehicles, health care for employees, and pensions for alumni? All in declining markets...

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Written by mbeharry on
Image via Wikipedia Auto bailout bill dies in Senate - CNN.com : "Senate Minority Leader Mitch McConnell said the sticking point was the United Auto Workers ' refusal to set a 'date certain' to put employees at U.S. auto manufacturers at 'parity pay' with U.S." WTF - Shouldnt politicians be more covert about their ignorance and greed? The jobs of millions of hard-working Americans are on the line while capitol hill fights itself. The president of the UAW in on live right now and is attempting to remind us all about the fact that unions are the one thing that gives real workers a ... Read Full Story
Written by rushprnews on
Browse > Home / Article-byline , BANKING AND FINANCIAL NEWS , BREAKING NEWS , CONSUMMER GOODS , ENVIRONMENT , Politics / Moody’s Chief Economist Says US Automakers Would Likely Need Up to $125B; Recommends the Requested Government Aid Now December 5, 2008 WASHINGTON,(RushPRnews)12/05/08 -In testimony before the US Senate Committee on Banking, Housing and Urban Affairs on 4 December, Mark Zandi, Chief Economist and co-Founder of Moody’s Economy.com, said that under the most likely outlook for the economy and auto industry, the Detroit 3 will need between $75-$125 billion to avoid bankruptcy at some point in the next two years. The three recently presented ... Read Full Story
Written by rushprnews on
Browse > Home / Article-byline , BREAKING NEWS , Politics , U.S.A. Government / Bush Offers Aid - And Warning - to US Automakers December 19, 2008 President George W. Bush makes statement on automaker bailout plan at the White House, 19 Dec 2008 WASHINGTON (RushPRnews)12/19/08 -U.S. President George Bush is offering billions of dollars in loans to help battered U.S. automakers survive long enough to restructure their businesses and become more competitive. Washington will offer $13.4 billion in government loans soon, with another $4 billion in February. In a nationally-televised speech, Mr. Bush said every segment of the auto industry — workers, management, ... Read Full Story
Written by jkelley56 on
President Obama today announced his plans for GM and Chrysler, which have already received $17.4 billion to keep them running. General Motors will get 60 days to prove that they can be a viable business. Chrysler will get 30 days to do the same. If Chrysler succeeds they will get $6 billion loan. Obama would not specify how much GM will get if they succeed. It looks like the Obama administration wants both companies to drop their liabilities by a substantial amount. The government is going to give "operating funds" to both automakers in the coming weeks to give them time to restructure. GM ... Read Full Story
Written by rushprnews on
Browse > Home / BANKING AND FINANCIAL NEWS , BREAKING NEWS , CONSUMMER GOODS , Politics , U.S.A. Government / Senate Getting Closer to Agreeing on Automakers Bailout Deal December 11, 2008 WASHINGTON (RushPRnews)12/11/08- — The House of Representatives has approved a 14-billion-dollar government lifeline for the faltering US auto industry, but the proposal still faces stiff Republican opposition in the Senate. The plan passed 237 to 170 late on Wednesday after senior Democrats in Congress and the White House agreed a bridge loan deal to rescue the Big Three automakers. The bill now moves to the Senate, where strident Republican opposition in a ... Read Full Story
Detroits Big Three automakers came closer than America realized to becoming the Big Two. General Motors Corp. ended merger talks with Chrysler LLC in November 2008 to focus on getting emergency federal aid, but Chrysler continued to believe a tie-up with GM was its best chance for survival. The GM-Chrysler tale is among new details that emerged in Detroit News interviews with more than a dozen insiders -- automakers as well as government...  
From detnews.com ()
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This is the most thoughtful "political" posting that I've ever seen on Jalop. In fact, I'm surprised to see it amidst all the car porn. The only thing that I'd add is it's ironic that the foreign automakers who would most benefit from the disappearance of GM and Chrysler have received a fair amount of support from their governments. One could even argue that the weakness of the Big Three is partly the result of "socialism" on the part of US...  
From jalopnik.com ()
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The American auto market was one of the hardest hit by the global downturn -- and foreign automakers that relied on U.S. sales were sucked into the slump. Others benefited, however, from the near-collapse of two of Detroits Big Three.  
From detnews.com ()
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