congress
Bush says $15 billion TARP alternative not ready yet
In a stunning development, the Bush administration released a statement late Friday stating that it was strongly considering using some of the money set aside for the $700 billion financial system bailout to help prop up America's ailing automotive industry. Despite working through the weekend...
11
Iacocca, Lutz speak out on possible Wagoner ousting
Rick Wagoner could be spending his final few days as CEO of General Motors if Senator Chris Dodd of Connecticut and his supporters have their way. Already speculation as to... December 9, 2008 by Nelson Ireson 9
White House voices concern over bailout plan
The Bush administration and congressional Democrats have made a tentative agreement for a $15 billion emergency loan for the Detroit 3, but there remains concern in the White... December 9, 2008 by Ralph Hanson 1
Detroit 3 bailout likely to come with 'car czar'
With the legislation for a loan package to secure the immediate futures of the Detroit 3 is reaching the 'discussion draft' stage today, talk of an overseer to administer the... December 8, 2008 by Ralph Hanson 1
Congress reaches agreement on $15b to $17b Detroit 3 bailout
Democratic leaders of Congress revealed late on Friday that they had reached an agreement on a bailout plan for the Detroit 3 ranging in the vicinity of $15 billion to $17... December 6, 2008 by Ralph Hanson 3
Washington: Automakers, Senators working on solution
The CEOs of America's major carmakers, before the Senate Banking, Housing and Urban Affairs committee today, are acknowledging their past shortcomings but also projecting... December 4, 2008 by Nelson Ireson 1
UAW will suspend jobs bank, make other concessions to Detroit 3
The controversial jobs bank system, which pays laid-off workers nearly full salary and benefits packages will come to a temporary end as the UAW works with the Detroit... December 3, 2008 by Ralph Hanson
GM will decide Saab's fate quickly, Sweden willing to help, but not buy
Yesterday all three of America's major carmakers revealed their future plans to Congress, and a part of General Motors' was the possible sale of Saab. While the brand is... December 3, 2008 by Nelson Ireson 1
House Speaker Nancy Pelosi says Detroit 3 rescue package is unavoidable
The incumbent speaker for the U.S. House of Representatives, Nancy Pelosi, has stated that she expects the Detroit 3 will be given government funding in at least some form... December 3, 2008 by Ralph Hanson 4
Ford CEO to drive Escape Hybrid to Congressional hearings
Last week we reported that executives from the Detroit 3 plan to drive down to Washington for Congressional hearings in some of their most fuel efficient models, rather than... December 2, 2008 by Viknesh Vijayenthiran 2
Detroit 3 ready revised bailout proposals ahead of Tuesday's Congress hearing
The CEOs of the Detroit 3 will be returning to Washington this week to present new business plans to Congress, all in the hopes of garnering a $25 billion federal loan... December 1, 2008 by James Martinez
Report: GM may drop Saab, Saturn and Pontiac to appease Congress
Despite previous assurances made earlier this month by its CEO Rick Wagoner, General Motors is reportedly considering dropping the Saab, Saturn and Pontiac brands in order to... November 26, 2008 by James Martinez 23
Congress weighs new aid talks as U.S. sales reach 25 year lows
It's no secret that the U.S. economy, and not least the automotive industry, are in the midst of some of the most difficult times in recent history, and the U.S. Congress is... November 4, 2008 by Nelson Ireson
High fuel costs the biggest hurdle for diesels according to carmakers
More than half the cars sold in Europe today are fitted with diesel powertrains due to several factors but mostly because diesel fuel is taxed less than petrol. Throw in the... September 23, 2008 by Ralph Hanson
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