bailout
Ford: Government loans to Chrysler, GM saved the industry
It's easy to look at the bailouts and bankruptcies of General Motors and Chrysler as a big-government bonanza. Some even see tints of socialism in the loans and subsequent government ownership stakes. But as Ford points out today, there was more at stake than just two companies. The entire...
Bondholders consider increased debt-for-equity-swap as GM bankruptcy looms
GM's decline over the course of this year wasn't enough to convince bondholders and the UAW to grant any concessions, but recent reports that the carmaker was in... April 15, 2009 by Ralph Hanson 3
Suppliers only allocated $3.5 billion in aid, not $5 billion
In the first major sign that the U.S. government was keen on helping out the entire domestic auto industry and not just the Detroit 3 carmakers, the U.S. Treasury approved a... April 7, 2009 by James Martinez
Obama, task force want to offer more help to U.S. industry
No one really knows what to make of the auto market right now, least of all the industry itself. Fiat is forecasting blue skies, GM is on the brink of failing to meet a... March 26, 2009 by Ralph Hanson
Department of Energy's $25 billion fuel-efficient vehicle fund still untapped
Last November, the Department of Energy issued interim rules for the use of a already-approved $25 billion loan package earmarked for the construction of more fuel-efficient... March 25, 2009 by Nelson Ireson
Ratan Tata asks British government to offer assistance to Jaguar-Land Rover
Warning of impending layoffs should government aid for Jaguar-Land Rover not arrive soon, Tata Motors Chairman Ratan Tata restated the need for government-sourced funds. An... March 24, 2009 by Kenneth Hall
Germany's interior minister suggests insolvency may be best bet for Opel
Saturn is expected to go its own way, Pontiac is being pared down, Hummer is up for sale and Saab has already announced it will be seeking independence. General Motors' brand... March 6, 2009 by Ralph Hanson 4
Chrysler incentives cost a massive $5,566 per car in February
People aren't buying new cars. It's really that simple in a lot of ways; the economy is down, the future is uncertain and no one wants to bet their house that they'll still... March 3, 2009 by Nelson Ireson
Sweden promises €445 million in loan guarantees to Volvo
The solipsism of American media has a way of quietly filtering out much of the rest of the world, but the car industry is in a pinch just about everywhere. Nowhere is that... February 24, 2009 by Nelson Ireson 3
GM scraps plans for Volt engine plant in Flint, Michigan
Earlier this month General Motors announced that it was putting plans for the construction of a new engine plant in Flint, Michigan, on hold. The plant was to build a new... February 24, 2009 by Viknesh Vijayenthiran 3
Obama's car industry task force shuns domestic cars for personal use
The resurgence in domestic car quality (it's real) hasn't quite caught up with the members President Obama's newly-formed Task Force on the Auto Industry, or at least so it... February 23, 2009 by Nelson Ireson 5
GM viability plan calls for $16.6 billion in additional aid, 47,000 job cuts
Chrysler’s request for an additional $2 billion in government funded loans in its latest viability proposal looks trivial compared to the $16.6 billion requested by... February 17, 2009 by Viknesh Vijayenthiran 1
Chrysler cost Daimler $1.75 billion in 2008
The divorce of Daimler from Chrysler in 2007 wasn't complete - the German company Daimler still holds 19.9% of Chrysler - and now that lingering relationship has come back... February 17, 2009 by Nelson Ireson 2
Chrysler's viability plan requires additional $2 billion in loans
Building a foundation for the reconstruction of the industry, General Motors and Chrysler are required to submit new plans for viability today as part of the loan agreement... February 17, 2009 by Ralph Hanson
White House: GM, Chrysler to get another $7 billion today
Detroit's carmakers are due to submit their latest viability plans to the government later today, but already a White House source has leaked that General Motors and Chrysler... February 17, 2009 by Ralph Hanson
Report: Obama drops plans for industry ‘car czar’
President Barack Obama has made no bones about his commitment to using the government to help prop up the ailing automotive industry, but his earlier plans to instate a... February 16, 2009 by Nelson Ireson 4
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