Detroit

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Automakers' Massive Debts May Derail Bailout

AP | TOM KRISHER | Posted 12.02.2008 | Business

Read More: Automakers, Detroit, Car Industry Bailout, Auto Industry Bailout, Detroit Bailout, Automakers Debt, Car Industry Debt, Business News

DETROIT — They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General...

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Cyber Monday Follows Robust Black Friday: MediaBytes with Shelly Palmer December 1, 2008

Shelly Palmer | Posted 12.01.2008 | Media

Read More: Search, Gm, Super Bowl, Microsoft, National Amusements, Cyber Monday, Sumner Redstone, Facebook, Cbs, Mediabytes, Carl Icahn, Yahoo, Shelly Palmer, Detroit, Media News, Black Friday, Viacom, Midway, Nbc, Media News

Cyber Monday will follow a robust Black Friday. While dim reports on the state of retail are all the rage, if analysts and the media continue to spi...

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Get Your Head Out of Your Detroit

Joel Shukovsky | Posted 11.25.2008 | Business

Read More: Automakers, General Motors, Automaker Bailout, Chrysler, Detroit, Big Three, Gm, Ford, Auto Industry, Business News

President-elect Obama risks making the first big mistake of his administration if he condones a $25 billion bailout with these corporate yahoos still at the wheel.

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Hypocrisy and Arrogance-A Lesson From the Car Industry on Why Health Care Reform Must Not Fail

Miles J. Zaremski | Posted 11.25.2008 | Politics

Read More: Cars, Barack Obama, Health, Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Bailout, Detroit Automakers, Gm, Chysler, Automaker Bailout, The Big 3, Detroit Bailout Reaction, Auto Industry, Detroit, Politics News

The American auto CEOs came hat-in-hand to Washington, DC last week, to bail out their companies, and yet they came without a plan. Instead, they wanted $25 billion.

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Congress Bails out Those Who Shower Before Work, but not Those who Shower After Work

Leo W. Gerard | Posted 11.25.2008 | Business

Read More: Congress, Phil Gramm, Hank Paulson, Chrysler, United Auto Workers, Senate Banking Committee, Economy, Honda, U.S. Treasury, Cars, Mercedes-Benz, Federal Reserve, $700 Billion Bailout, Vikram S. Pandit, Ford, Charles O. Prince III, Automakers, Nissan, Unemployment, Bailout, Default, George Will, Hyundai, Sen. Jon Kyl, Detroit, Big Three, Financial Crisis, Washington Post, President Bush, Detroit Bailout Reaction, Detroit Bailout, Automaker Bailout, Big Three Automakers, Toyota, Sen. Richard Shelby, Detroit Three, Gm, The Big 3, Chysler, Detroit Automakers, Robert Rubin, Wall Street, Martin Feldstein, Ben Bernanke, Wachovia, Auto Industry, Bankrupt, Citigroup, Business News

Detroit is a place where workers are unionized; Wall Street is not. And right-wing Republicans and conservative pundits have made it clear they want the union workers to suffer.

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What Detroit Needs

Aram Khayatpour | Posted 11.25.2008 | Business

We all make jokes about how lazy and lobby-driven Congress is, and as sad as the truths behind those jokes are, when times are good, we can afford to have government operate like that.

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Nationalizing Chrysler

Larry Abrams | Posted 11.25.2008 | Business

The "creative destruction" argument conveniently forgets that it wasn't the "free market" that created the American Way of life, but a working class that was paid well enough to consume.

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A Response To Rep. Elijah Cummings

Chris Weigant | Posted 11.24.2008 | Politics

Read More: Business Expense, Loophole, Tax Code, Maximum Wage, Populism, Kucinich, Sherrod Brown, Corporate Tax, Stock Options, Corporate, Business, Wastefulness, Corporate Jet, Pelosi, Business Costs, Big Business, Bailout, Luxury, Taxable, Populist, Ceos, Deductibility, Taxpayer Money, Capital Gains, Reid, Detroit, Elijah Cummings, Auto Companies, Taxes, Greed, Citigroup, Democrat, Business Tax, Congress, Loopholes, Democrats, Income Tax, Profit, Resort, Fat Cat, Tax, Corporations, Chris Weigant, Ceo, Shareholder, Outrage, Business Meeting, Stadium Tax, Mets, Deductible, Stadium Naming, Deduction, Tax Deductible, Cummings, Politics News

The loopholes which allow such corporate excess were not exactly handed down to Moses on tablets -- each and every loophole was approved by Congress.

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Smart Ways to a Bailout -- Step 1: Stop Demonizing the UAW

Art Levine | Posted 11.24.2008 | Politics

You've probably heard claims about those inefficient UAW members supposedly making $70 an hour, including benefits, making unions the prime culprit in the failures of the Big 3 automakers. But it's all a big lie.

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Bailout GM, But Here's What to Demand

David Blume | Posted 11.23.2008 | Business

When Sweden mandated that most fuel stations carry alcohol at the pump, GM's Saab division quickly engineered the model 9-5 to be an advanced flexible-fuel vehicle.

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Europe's, China's carmakers ask for help; Waxman wins key Congressional post

Steve Parker | Posted 11.22.2008 | Business

Read More: House of Representatives, Congress, Chrysler, America, Ford Mustang, Rick Wagoner, Cars, Gas/Electric Hybrid, John Dingell, Ford, Clean Diesel, Chevy Silverado, Dodge Durango Hybrid, Los Angeles Auto Show, Chevy Malibu Hybrid, General Motors, Robert Nardelli, Japanese Cars, Washington, Detroit, Mercury Milan Hybrid, Michigan, Chrysler Aspen Hybrid, California, Ford Fusion Hybrid, Alan Mulally, Detroit Three, Chevrolet, Henry Waxman, Democrats, House Energy and Commerce Committee, Senate, ABC News, Angela Merkel, Sub-Prime Mortgage Crisis, Asian, Opel, European, Business News

In a major win for all consumers, Democrats in the House of Representatives voted Thursday to put Rep. Henry Waxman of California in charge of a key p...

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The Daily Szep -- A Limo From a Private Airstrip

Paul Szep | Posted 11.22.2008 | Business

Read More: Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Bailout, Cars, Detroit Automakers, Political Humor, Gm, Automaker Bailout, Chysler, The Big 3, Auto Industry, Detroit Bailout Reaction, Political Cartoons, Detroit, Business News

...

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American Cars

Max and the Marginalized | Posted 11.21.2008 | Politics

Read More: Max and the Marginalized, Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Music, Bailout, Cars, Detroit Automakers, Detroit Bailout Reaction, Gm, Automaker Bailout, Chysler, The Big 3, Auto Industry, Detroit, Politics News

We wanted to make a song describing the inseparability of our inflated notion of American glory associated with our automotive industry in the very style of the 70's power-pop songs that helped create the notion itself.

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Friday Talking Points [56] -- Turkeys Everywhere!

Chris Weigant | Posted 11.21.2008 | Politics

Read More: Turkey Slaughter, Leadership, Turkey, Leadership Battle, John Dingell, Media, Charlie Rangel, Waxman, Chairman, Bush, Lieberman, Television, Pelosi, Last-Minute, Video, Midnight Regulations, Clinton, Regulations, Networks, Midotw, Nancy Pelosi, Turkeys, Palin Turkey, Most Disappointing Democrat of the Week, Most Impressive Democrat of the Week, Leadership Fight, Reid, Detroit, Committee, Butcher, House, Framing, Charles Rangel, Homeland Security, Rules, 60 Days, Dingell, Democrat, Henry Waxman, Democrats, 2008 Election, Interview, Slaughterhouse, Rangel, Mddotw, Hillary, Chris Weigant, Palin, Sarah Palin, Leak, Harry Reid, Hillary Clinton, Joe Lieberman, News, Meat, Leaks, Secretary of State, Senate, Politics News

While today is not officially Turkey Day, I will warn you in advance that it's going to be a theme running through today's column, like gravy through ...

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Recharge America with Electric Cars

Gavin Newsom | Posted 11.21.2008 | Green

Yesterday, joined by San Jose Mayor Chuck Reed and Oakland Mayor Ron Dellums, I announced a nine-step policy plan for transforming the Bay Area into the "Electric Vehicle (EV) Capital of the U.S."

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What to Do With Detroit?

The Real News | Posted 11.21.2008 | Politics

"Governments around the world have always been proactive in growing and nurturing industries like the auto industry. In North America for the last couple of decades, we haven't done that."

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A Kid from Car Country

James Moore | Posted 11.21.2008 | Business

Read More: Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Jobs, Bailout, Cars, Detroit Automakers, Unemployment, Detroit Bailout Reaction, Gm, Automaker Bailout, Chysler, The Big 3, Auto Industry, Detroit, Business News

Once this grim place was the most alluring in America. The engine of the world was built here in Michigan. And it is hard to believe we are simply going to let it run out of gas.

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How to Create a Successful Auto Manufacturer Bailout Plan

Grant Cardone | Posted 11.21.2008 | Business

Read More: Auto Industry, Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Bailout, Cars, Detroit Automakers, Detroit Bailout Reaction, Gm, Automaker Bailout, Chysler, The Big 3, Detroit, Business News

I was recently asked to participate on a forum with the LA Business Journal whereby six CEO's weigh in with their opinions of the Government Bail Out of the Automotive Companies.

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Do It For Me, Matchbox Man

Logan Nakyanzi Pollard | Posted 11.21.2008 | Business

Read More: Gm, Alan Mulally, Rep Emanuel Cleaver, United Auto Workers, Rick Wagoner, Ford, Aston Martin AMV10, Ducati Motorbike, Sen. Bob Corker, Chrysler, Robert Nardelli, Michigan, Lamborghini, Ron Gettelfinger, Ford Mustang, Mini, Financial Crisis, Porche 911, Sen. Chris Dodd, Uaw, Detroit, Indiana, Big Three, Jet, Ceos, Fighter Jet, Nascar, Detroit Bailout, Automakers, Bailout, Automaker Bailout, The Big 3, Detroit Bailout Reaction, Big Three Automakers, Detroit Three, Cars, Detroit Automakers, Chysler, Auto Industry, Business News

From the fireworks in DC this week, you might think the auto crisis is out of your hands, but we're all complicit: government, CEOs, autoworkers, the public.

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The Hits Just Keep Coming

Lance Simmens | Posted 11.21.2008 | Politics

We have been rudderless for some time, and it shows. The call to public service is now more urgent than at any time in our nation's history.

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Automaker Bailout -- Heads They Win, Tails We Lose

Pam Atherton | Posted 11.20.2008 | Home

Frankly, I'm tired of all these big businesses putting their hands out and trying to scare us into giving them money by threatening us with an economic disaster.

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What to do with Detroit?

Dave Winer | Posted 11.20.2008 | Business

Read More: Automaker Bailout, Bankruptcy, Chrysler, Economy, Gm, Ford, Frontline, Automakers, Bailout, Detroit, Big Three, Financial Crisis, Detroit Bailout Reaction, Auto Industry, Detroit Bailout, Corporate Jets, Business News

We're giving Detroit money we don't have to feed and house their employees and bail out their suppliers. We're doing it to save our country, not to save the auto industry as it's currently configured.

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Bail Out Detroit -- Right Now!

Matthew DeBord | Posted 11.20.2008 | Green

We could let Detroit fail and throw money at the many future-car startups that are currently out there, but that won't provide enough product to market to deliver the improvements we require.

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Detroit's Day of Reckoning (with Thanks to David Halberstam)

Steve Parker | Posted 11.19.2008 | Business

Read More: Chapter 11, Peter Morici, Chrysler, United Auto Workers, Rick Wagoner, David Halberstam, Cars, Chris Dodd, Ford, Robert Lutz, Nissan, Robert Nardelli, US Senate, Detroit, Richard Shelby, President Bush, Masters of the Universe, Northwest Airlines, Uaw, Bankruptcy, Gm, Alan Mulally, Pebble Beach, Detroit Three, Washington DC, Democrats, Barack Obama, Tokyo Motor Show, Ron Gettelfinger, Code Pink, Harry Reid, Republicans, Dearborn, Business News

This week's bailout hearing signaled what looks like the ultimate day of reckoning for this country's once-great and world-dominating car making industry. All Americans are tired of the excuses.

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Planes, Pains And Automobiles

Dwayne Raymond | Posted 11.19.2008 | Business

These overpaid, egomaniacal "players" should heed Romney's counsel and start playing sensibly, like honorable men. And their first ante in this new game should be their own prompt resignation.

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