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Turmoil in the U.S. auto industry was front page news in Japan on Tuesday, where the general reaction was a mixture of skepticism about the outlook for General Motors and Chrysler and concern about the fallout on homegrown brands. ...more
March 31, 2009
If General Motors Corp. were forced into Chapter 11 bankruptcy protection, the company would end up being liquidated because a long bankruptcy would scare customers away, CEO Rick Wagoner said Tuesday. ...more
March 17, 2009
Reality, Not Fantasy America would be a better nation if it cared more about the "players" who run for office instead of the players running with footballs! ...more
December 13, 2008
Just about everyone is conflicted on all the bailouts going on these days. Rescuing banks and automakers are sold to the public by telling us about the apocalyptic destruction that doing nothing would spark. So Americans are going deeper in debt, with no end in sight. It's a sickening feeling. ...more
December 12, 2008
November's U.S. vehicle sales at General Motors and Chrysler plunged more than 40 percent, and Ford's sales dropped 31 percent, crushing hopes that the industrywide drop in vehicle demand might be easing as the U.S. automakers prepare to state their second case for a federal bailout. ...more
December 3, 2008
The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the companies produced a convincing plan for rebuilding their once-mighty industry. ...more
November 21, 2008
A federal welfare package for the U.S. auto industry's Little Three is inevitable. ...more
November 15, 2008
General Motors and Chrysler, bruised by the severe industry downturn, have held preliminary discussions about combining operations, including a full-scale merger, according to people familiar with the talks. ...more
October 12, 2008
General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles. ...more
September 17, 2008
At the end of the interview, it was time to get their pictures taken. ...more
August 22, 2008
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