You are hereFeed aggregator
Feed aggregator
Auto bailout collapses as Democrats tie further aid to Big 3 viability plan
newsday.com - 3 hours 58 min ago
WASHINGTON (AP) _ Detroit's embattled automakers have two weeks to show a skeptical Congress how a multibillion-dollar lifeline will help them keep the industry from imploding. A bailout-shy Congress punted a $25 billion auto industry rescue on Thursday,...
Categories: Mopar News
Automakers need to make case for government aid
newsday.com - 5 hours 12 sec ago
Detroit's embattled automakers have two weeks to show a skeptical Congress how a multibillion-dollar lifeline will help them keep the industry from imploding. A bailout-shy Congress punted a $25 billion auto industry rescue on Thursday, as Democratic...
Categories: Mopar News
Auto industry bailout on hold
newsday.com - 6 hours 8 min ago
The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the companies produced a...
Categories: Mopar News
Turmoil grows
newsday.com - 6 hours 8 min ago
Jarred by new jobless alarms, Congress raced to approve legislation yesterday to keep unemployment checks flowing through the December holidays and into the new year for 1million or more laid-off Americans whose benefits are running out. The economic...
Categories: Mopar News
Sell-off escalates
newsday.com - 6 hours 8 min ago
Stocks plunged for a second straight day yesterday - falling to levels not seen in at least five years - as financial and energy stocks tumbled while demand for the safety of government debt spiked. Stocks saw the most intense selling late in the session...
Categories: Mopar News
Congress to Big Three: Show us your plans
newsday.com - 6 hours 8 min ago
Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable. Discouraged by the stalemate over auto aid, investors sent the...
Categories: Mopar News
Detroit In Need Of A Plan
newsday.com - 6 hours 8 min ago
Show us the plan and we'll show you the money. That's the message the Democratic-led Congress gave Detroit's Big Three automakers Thursday. With that, bailout-fatigued lawmakers closed up shop for Thanksgiving, leaving the nation's once-mighty and now...
Categories: Mopar News
Auto industry bailout collapses; Democrats tie further financial aid to Big 3 viability plan
newsday.com - Thu, 11/20/2008 - 21:42
WASHINGTON (AP) _ The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the...
Categories: Mopar News
Auto aid effort collapses _ December reprieve?
newsday.com - Thu, 11/20/2008 - 17:00
Show us the plan and we'll show you the money. That's the message the Democratic-led Congress gave the Detroit Three automakers Thursday. With that, bailout-fatigued lawmakers closed up shop for Thanksgiving, leaving the nation's once-mighty and now...
Categories: Mopar News
Uncertainty continues to batter stocks
newsday.com - Thu, 11/20/2008 - 16:37
Stocks plunged for a second straight day Thursday, falling to levels not seen in at least five years as financial and energy stocks tumbled while demand for the safety of government debt spiked. Stocks saw the most intense selling late in the session...
Categories: Mopar News
Top Democrats want to see plan from Big 3
newsday.com - Thu, 11/20/2008 - 16:21
Democratic leaders in the U.S. Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three American automakers develop a plan assuring the money would make them economically viable. "Until they show us the plan,...
Categories: Mopar News
Jaguar tops JD Power customer sales satisfaction survey
newsday.com - Thu, 11/20/2008 - 16:18
Filed under: Car Buying, Trends, JaguarThe results are in from J.D. Power and Associates' latest annual Sales Satisfaction Index Study, and Jaguar has leapt back up to the top position that it occupied for three of the four past years before dropping last...
Categories: Mopar News
Stocks tumble for second day; Treasurys surge
newsday.com - Thu, 11/20/2008 - 15:23
NEW YORK (AP) _ Stocks plunged for a second straight day Thursday, falling to a range not seen in more than five years as financial and energy stocks tumbled while demand for the safety of government debt spiked to historic levels. Stocks saw the most...
Categories: Mopar News
Only Chrysler CEO Willing to Work for a Buck
jeepnewsnow.com - Thu, 11/20/2008 - 14:47
In yet another head-smacking moment that came out of the Big 3 CEO testimony in Washington, only Chrysler LLC CEO Bob Nardelli said he would accept a $1 annual salary as a condition of a federal bailout. Rick Wagoner of GM and Alan Mulally of Ford...
Categories: Mopar News
UAW backs down, Chrysler asks for loons
allpar news - Thu, 11/20/2008 - 14:31
Canada’s Globe and Mail reported today that Chrysler Canada had asked the federal and Ontario governments for $1 billion (Canadian) in loans to survive through the current crisis. One quarter of Chrysler’s manufacturing is done in Ontario, with all minivans and rear-drive cars currently built there. In other news, following what can best be described as [...]
Categories: Mopar News
Public divided over proposed $25 billion taxpayer rescue of Detroit automakers
newsday.com - Thu, 11/20/2008 - 14:18
WASHINGTON (AP) _ The congressional stalemate over whether to toss the country's big automakers a $25 billion life preserver reflects a divided public, which a poll shows is evenly split over whether to come to Detroit's rescue. Forty-nine percent oppose...
Categories: Mopar News
GMAC applies to become bank holding company, qualify for federal aid
newsday.com - Thu, 11/20/2008 - 14:18
DENVER (AP) _ GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status would...
Categories: Mopar News
Public split over expensive federal auto rescue
newsday.com - Thu, 11/20/2008 - 13:20
The congressional stalemate over whether to toss the country's big automakers a $25 billion life preserver reflects a divided public, which a poll shows is evenly split over whether to come to Detroit's rescue. Forty-nine percent oppose giving the...
Categories: Mopar News
Democrats reject White House plan
allpar news - Thu, 11/20/2008 - 13:14
Congress’ Democratic leaders rejected a proposed “bipartisan compromise” from the White House which would have provided $25 billion in already-promised loans, currently earmarked for building high efficiency vehicles, tied to conditions other than fuel efficiency. While Congress and the White House are not showing any great desire to provide $25 billion in additional loans to the [...]
Categories: Mopar News
Chrysler takes the pledge
allpar news - Thu, 11/20/2008 - 13:09
Chrysler has started to polish its image with the following online ad. Chrysler’s CEO, Bob Nardelli, was the only Big Three CEO to agree to a $1 per year salary while taking Federal loans. The domestic automobile industry is an integral part of the U.S. economy, representing 4% of our nations GDP. One in ten jobs [...]
Categories: Mopar News
