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WASHINGTON - Citing danger to the national economy, the Bush administration came to the rescue of the U.S. auto industry Friday, offering $17.4 billion in emergency loans in exchange for concessions from the deeply troubled carmakers and their workers. ...more
December 19, 2008 | 
Festering animosity between the United Auto Workers and Southern senators who torpedoed the auto industry bailout bill erupted into full-fledged name calling Friday as union officials accused the lawmakers of trying to break the union on behalf of foreign automakers. ...more
December 12, 2008 | 
Under mounting pressure to act, the Bush administration said Friday it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by the White House and congressional Democrats. The most obvious source of help was the Wall Street bailout fund. ...more
December 12, 2008 | 
A $14 billion bailout for Detroit's struggling Big Three has died in the Senate after failing on a procedural vote. ...more
December 12, 2008 | 
Last month, scientists publishing in the journal Nature declared that they had all but unraveled the biological mystery of what made a woolly mammoth woolly and, well, mammoth, laying the foundation for a tale worthy of the late Michael Crichton. ...more
December 7, 2008 | 
WASHINGTON - A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies. ...more
December 3, 2008 | 
Congress shouldn't respond to the Big Three's mistakes with one of its own, and the biggest mistake of all would be to let Detroit drop dead. Lawmakers need to take action to save some of the last good working-class jobs in America and to put a tourniquet on the nation's economic pain. ...more
November 27, 2008 | 
When Chrysler teetered on the brink of bankruptcy in 1979, the automaker spent months building support for a $1.5 billion loan guarantee that helped save the company and tens of thousands of jobs. ...more
November 24, 2008 | 
Even as Detroit's Big Three teeter on the edge of collapse, United Auto Workers President Ron Gettelfinger said Saturday the problem is not the union's contract with the automakers and that getting the companies back on their feet means finding a way to turn around the economy. ...more
November 16, 2008 | 
Democratic leaders in Congress asked the Bush administration Saturday to provide more aid to the struggling auto industry, which is bleeding cash and jobs. ...more
November 9, 2008 | 
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