Auto companies would get swift aid under Senate bill queryvar=”auto,companies,would,get,swift,aid,under,senate,bill”; Harry Stoffer Automotive News November 17, 2008 – 7:49 pm ET WASHINGTON — Auto companies would be able to receive emergency aid within a month under a Senate proposal for a $25 billion loan package that circulated here late Monday. If enacted, the bill [...]
6 myths about the Detroit 3 BY MARK PHELAN FREE PRESS COLUMNIST The debate over aid to the Detroit-based automakers is awash with half-truths and misrepresentations that are endlessly repeated by everyone from members of Congress to journalists. Here are six myths about the companies and their vehicles, and the reality in each case. Myth [...]
Sparks fly over auto bailout Critics want line drawn at banks; others worry about impact on economy of a Detroit 3 failure queryvar=”sparks,fly,over,auto,bailout”; Neil Roland Financial Week November 17, 2008 – 11:08 am ET A bailout for the automobile industry being pushed by Democrats would assist companies that shouldn’t be getting aid, open the [...]
Obama says U.S. must help automakers, create ‘sustainable’ industry queryvar=”obama,says,us,must,help,automakers,create,‘sustainable’,industry”; Dave Versical November 17, 2008 – 12:01 am ET President-elect Barack Obama said the federal government must help the Detroit 3 get through their cash crisis while making sure that any aid to the automakers creates a "sustainable” industry. "We need to provide assistance,” [...]
GM will delay dealer incentive payments queryvar=”gm,will,delay,dealer,incentive,payments”; Jamie LaReau Automotive News November 17, 2008 – 3:00 pm ET DETROIT — General Motors will delay incentive payments to dealers next week in an effort to save cash. The payments for dealer cash, customer cash and other incentives will be delayed from Nov. 28 until Dec. [...]
Monday, November 17, 2008 Auto aid debate heats up Senate takes up $25B in loans today; industry pressured for concessions David Shepardson and Christine Tierney / The Detroit News WASHINGTON — As U.S. lawmakers start debating today whether to grant Detroit’s automakers $25 billion in loans to tide them over a critical stretch, the car [...]
Monday, November 17, 2008 White House refines position on auto industry help Stephen Ohlemacher / Associated Press WASHINGTON — The Bush White House stressed Monday that it supports help for the struggling auto industry, but believes it should not be taken from the $700 billion financial system rescue program. As lawmakers were returning to a [...]
Monday, November 17, 2008 GM to sell stake in Suzuki to raise cash Shino Yuasa / Associated Press TOKYO — Cash-strapped General Motors Corp. will sell its entire stake in Suzuki Motor Corp. for 22.37 billion yen ($230 million), the automaker’s latest move to stay afloat while awaiting a decision on government aid for the [...]
