Editor’s Note: Just when I finished today’s blog on the potential world calamity that allowing the U.S. auto industry to collapse could create, this story came across the AP Wire. This story has a little bit different spin than my…
White House: No immediate deal on auto loans
Date: 12/14/2008 9:08 PM BC-Meltdown-Autos,5th Ld-Writethru/814Eds: UPDATEs with Bush quotes. AP Video. Moving on general news and financial services. WASHINGTON (AP) — The White House tossed out no lifeline for the teetering auto industry Sunday, although President George W. Bush…
Minnesota Senate Seat May be Decided this Week
The below AP story lays out some of the ballot challenge issues that may end up favoring Democrat Al Franken over Republican Norm Coleman in the disputed Minnesota election race. After this weeks attempt by the GOP to finally drive…
Where Will we Get Our American Cars Fixed?
200 million automobiles in the United States. If we assume that half of those vehicles are manufactured by the Big Three, that means 100 million American made cars on the road. If those cars are worth on the average, $10,000,…
GM trying to survive for a shot at Plan Obama
Date: 12/11/2008 11:41 PM By TOM KRISHERAP Auto Writer DETROIT (AP) — General Motors is saving every cent it can, from shutting down escalators at night to limiting workers’ choice of pens, in case it needs to fight to survive…
Corruption Republican Style – Auto Bailout Talks Collapse
On a date when more news is swirling around the corruption in the Democratic Illinois Governor’s scandal, the far more serious political story revolves around the unconscionable motivations of the Republican senators who represent those states with Japanese automobile manufacturers.…