Tagged “auto loans”

  • GM delays construction of Volt, Cruze engine plant

    As Washington waffles on the auto industry bailout, General Motors has decided to put construction work on hold at the Flint, Michigan engine plant where the 1.4L turbocharged and naturally aspirated...

  • Honda, GM announce massive Q1 2009 production cuts

    The car market continues to worsen even as the auto loan bill flounders in Washington. Honda and General Motors today have announced huge production cuts for the first quarter of 2009, totaling over o...

  • Auto loan bill could stall in Senate

    The $14 billion auto loan bill passed by the House late yesterday may stall out in the U.S. Senate under fire from Republican opposition. The GOP wants more concessions from the UAW and more concrete...

  • Sweden offers $3.4 billion package to auto industry

    The U.S. House of Representatives has just passed the $14 billion loan bill and it's now headed to the Senate, but that's not the end of the story. Lawmakers in Sweden have proposed their own aid pack...

  • Obama reaffirms commitment to auto industry aid

    During his campaign for U.S. President, Barack Obama repeatedly declared his support for the auto industry and indicated he would support it against the tide of the economic downturn. Today President-...