A $13.4 billion emergency loan may be followed by $4 billion more in February if the new administration finds that the automakers meet conditions.
WASHINGTON — President Bush agreed to an emergency bailout of General Motors and Chrysler, giving them a few months to get their businesses in order, but left to President-elect Barack Obama the [...]
The louder they rant, and the crazier their claims, the more coverage they get.
Strangely, the media are devoting far more attention to the $34 billion bridge loan auto makers are requesting than the $700 billion bailout of the financial industry. Let me debunk the five most popular myths I keep hearing.
“The Big Three build cars [...]
Maybe you should google up how many parts in GM and Ford cars are really American and where are these cars assembled. Then Google up Honda, Toyota and others. You will be surprised how “American” really “American” cars are.
NEW YORK (MarketWatch) — General Motors Corp. said Friday that it appreciates the “financial bridge” extended by [...]
1. Raise the gas tax by $1/gallon, or 5 cents per months for the next 24 months ($1.20 total). This creates the necessary incentive for people to buy gas-efficient cars and for auto makers (including Detroit) to build them.
2. Throw a lot of money at the states, say $50billion. But in return, void all the [...]
Obama and Dems can actually quickly take the Steps needed to right the Housing market in US which means right the US economy. These Steps are:
1- Quickly end the Iraq war, END this colossal waste of our money. Consider the FACT that Iraq war has cost us $2Trillion to date, and that the money that [...]
With the auto makers requesting $34 BILLION you could purchase 340,000 Tesla ultra high performance electric cars at $100,000, turn around and sell them at a 70% loss selling them for $30K, stipulate the buyer has to give up one gas burning vehicle, and it would cost the taxpayers ultimately $23.8 BILLION, resulting in a [...]
by Bertel Schmitt
Chinese carmakers SAIC and Dongfeng have plans to acquire GM and Chrysler, China’s 21st Century Business Herald reports. LINK A National Enquirer the paper is not. It is one of China’s leading business newspapers, with a daily readership over three million]. This newspaper cites a senior official of China’s Ministry of Industry and [...]
Let the market do it’s thing. Filing bankruptcy is the way to go, just like every other company. The airlines have done it and they are still operating. GM is no different. The unions won’t reopen their contracts, well guess what in bankruptcy court they have no choice.
Lets give a grossly unprofitable and incompetent and [...]
A lot of stocks are incredibly low priced. The market initially tanked when OB1 started speaking and then recovered when they realized he didn’t reveal anything new or exciting. It’s pretty obvious they are just going to put together another ineffective, deficit building “stimulus” package that is going to extend unemployment benefits and funnel money [...]
“It’s not based on any particular data point,” a Treasury spokeswoman told Forbes.com Tuesday. “We just wanted to choose a really large number.”
Hmm… that really inspires confidence, doesn’t it?
At any rate, is there any doubt that we are well on our way to 5 Trillion dollars plus of taxpayer money being thrown at this [...]
Major GM Dealer Bill Heard Goes Out Of Business
Last Update: 9/25/2008 7:37:50 AM
By Sharon Terlep
Of DOW JONES NEWSWIRES
(This article was originally published Wednesday)
DETROIT (Dow Jones)–Bill Heard Enterprises Inc., one of the nation’s larger
Chevrolet retailers, went out of business on Wednesday, the latest victim of
turmoil roiling the domestic auto [...]
Monday - Kansas City Fed President Speaks in Buenos Aires
Tuesday - 10:00am - Construction Spending for July
Tuesday - 10:00am - August ISM Manufacturing Index
Wednesday - 10:00am - July Factory Orders
Wednesday - 2:00pm - Federal Reserve Beige Book
Wednesday - Auto Makers Report U.S. Auto Sales
Wednesday - Hovnanian Enterprises Releases 3Q Results
Wednesday - Boston Fed President Speaks
Thursday [...]
DETROIT (Dow Jones)–General Motors Corp. (GM) may add natural gas to the arsenal
of energy alternatives it hopes will one day make gasoline a scarcity on U.S.
roads.
GM’s top researcher said in a recent blog posting that the auto maker considers
natural gas an “enticing” alternative to petroleum, signaling a new interest in
the fuel by GM as it [...]
DETROIT (Dow Jones)–General Motors Corp. (GM) is slashing production of pickup
trucks and sport-utility vehicles at four plants in the U.S. and Canada as sales
for the gas-gulping vehicles continue to plunge.
The move will cut 88,000 pickup trucks and 50,000 SUVs from GM’s North America
production capacity for the remainder of the year, GM said in a statement [...]
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