November 9, 2008
U.S. autoworkers optimistic about Obama’s plans
BY SARAH A. WEBSTER and BRENT SNAVELY
FREE PRESS BUSINESS WRITERS
As unlikely as it might seem right now — with the U.S. auto industry begging for government money to stay alive and sales at a 25-year low — workers see glimmers of hope for Detroit’s once-mighty Big Three [...]
November 9, 2008
Handicapping the Detroit 3’s prospects
Here’s some handicapping on the prospects of Detroit’s three automakers:
Chrysler
Chrysler, by most accounts, is the worst off of the Big Three.
The Auburn Hills automaker has indicated that it lost more than $1 billion during the first half of this year, and analysts doubt that the private company has enough [...]
Sunday, November 9, 2008
Obama aide hedges on auto bailout
Gordon Trowbridge / Detroit News Washington Bureau
President-elect Barack Obama’s incoming chief of staff on Sunday called the auto industry "essential" to the U.S. economy, but stopped short of adopting congressional Democrats’ call for the domestic carmakers to get part of the $700 billion Wall Street bailout package.
Despite [...]
Democrats urge Paulson to weigh aid for automakers
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Automotive News | November 8, 2008 – 7:00 pm EST
WASHINGTON (Reuters) — The top U.S. congressional Democrats urged Treasury Secretary Henry Paulson today to consider providing aid to troubled U.S. automakers as part of the Bush administration’s corporate bailout efforts.
The letter from House of Representatives Speaker Nancy Pelosi [...]
