Memo to Detroit: How About a Bailout From Mexico?
Date posted: 2009-01-01 07:00:00.0
MEXICO CITY — Crippled Detroit automakers have received limited financial aid from Washington, Ottawa and even Stockholm. But have they also considered the possibility of asking Mexico City for some assistance? The numbers suggest it could make good economic sense on both sides, particularly [...]
January 3, 2009
Glint of hope seen in 2009 outlook for auto industry
More stability seen after tough 1st half
BY JEWEL GOPWANI
FREE PRESS BUSINESS WRITER
Despite dire auto sales predictions for 2009 — some analysts are forecasting the worst year in more than two decades — there are glimmers of hope that the market might begin stabilizing [...]
Saturday, January 3, 2009
GMAC gives up exclusive rights
GM could see boost in sales as bailout allows other lenders to offer financing incentives.
Tom Krisher and Bree Fowler / Associated Press
DETROIT — GMAC LLC will no longer have exclusive rights to provide no- or low-interest loans to people who take advantage of General Motors Corp. financing incentives, [...]
Chrysler gets $4 billion U.S. government loan
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Automotive News | January 2, 2009 – 9:00 pm EST
NEW YORK (Reuters) — Chrysler LLC today received an initial $4 billion emergency loan from the U.S. government, two days after the government completed a parallel payout to its larger rival General Motors.
"This initial loan will allow the company to [...]
