Detroit Bailout

Snow, Quayle, Feinberg and Merkin: This Is Who Gets Our Bailout Money?

Dennis O'Brien | Posted 01.08.2009 | Business

Read More: Junk Bonds, Drexel Burnham Lambert, Chrysler, John Snow, Chrysler Bailout, Ezra Merkin, New York Law School, Gmac, Cerberus, Auto Bailout, Chrysler Cerberus, Cerberus Capital Management, Ascot Partners, Dan Quayle, Henry Paulson, Financial Crisis, Bernard Madoff, Nyu, Cerberus Capital, Ariel Mutual Funds, GMAC Bailout, Steve Feinberg, Congressional Bailout, Detroit Bailout, Business News
Dennis O'Brien

As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.

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Even After $14 Billion in TARP Money, Detroit's on Life-Support

Steve Parker | Posted 01.08.2009 | Business

Read More: Treasury Department, Automotive News, FICO Score, Chrysler, Detroit Three, Cars, Detroit Auto Show, Ford, Jeep Patriot, Dodge Ram, Nissan, TARP and Auto Bailout, Los Angeles Auto Show, General Motors, Infiniti, Paul Krugman, Chrysler Financial, NY Times, Detroit Bailout, GMAC Bailout, Business News
Steve Parker

With economists predicting a rough 2009, 2010 and maybe even 2011, there's not much chance of '09 and '10 car sales reaching even 2008's miserable 13.1 million.

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Make Sure that Our Country Does Not Become Detroit

Jim Wallis | Posted 01.07.2009 | Business

Read More: Automakers, Mortgages, Unemployment, Family, Car, Service, Employment, Foreclosures, Auto, Accountability, Recession, Barack Obama, Detroit, Economy, Detroit Bailout, Business News
Jim Wallis

My brother is the COO for the largest non-profit service provider in the city. His family's home is now worth less than their mortgage -- an experience now common to many Detroit area homeowners.

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Bottom Line: 2008 Car/Truck Sales Probably Worst Since 1974

Steve Parker | Posted 01.03.2009 | Business

Read More: Ebay, Treasury Department, Porsche, Automotive News, Paris Dakar Rally, Wall Street Bailout, Congress, Hank Paulson, Troubled Assets Relief Program, Chrysler, Ford Mustang, Detroit Lions, Cars, Detroit News, Ford, Highland Park, Supercharger, Dodge Durango Hybrid, General Motors, Chad Hall, Dodge Challenger, Chrysler EVs, Chevy Cobalt, 1974 Oil Embargo, Detroit, Carroll Shelby, Off-Road, Baja 1000, Porsche Panamera, Detroit Bailout, Chrysler Aspen Hybrid, Pickups, FICO Score, Chevy Cruze, Minivan, Hilton Hotels, Nascar, Detroit Three, Gm, Robby Gordon, Mexico, Washington DC, Daewoo, Rod Hall, Tokyo, Gmac, TARP and Auto Bailout, Seoul, Detroit Three Loans, San Jose Del Cabo, Hummer Sale, gt500, Darpa, Stuttgart, SUV Sales, Business News
Steve Parker

The only other time the industry has seen a 3-million (or more) unit plunge was following the 1974 oil shortage.

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Simple Solutions for 2009

Patrick Takahashi | Posted 12.31.2008 | Politics

Read More: Gaza Strip War, Peace on Earth, Saving Planet Earth and Humanity, Buy American, Saving the National Economy, Obama's Cabinet, Peak Oil, Obama Transition, Global Warming, Barack Obama, Auto Bailout, The Biomethanol Economy, Isreael-Hamas, Chevy Volt, G8 Naitons Summit, Automakers Bailout, Biofuels, Gas Tax, Obama Administration, Green Energy, Recession, PO/GW, Obama Environment, Gaza Strip, Barack Obama Environmental Policy, Biomethanol, G8 Nations, Detroit Bailout, Politics News
Patrick Takahashi

By now you have no doubt read a dozen reviews of 2008 and projections for 2009, all pure guesses for the latter, unless someone was carefully predicti...

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Increasing Agreement on Carbon Taxes -- Goodbye 2008 Conventional Wisdom

Dan Rosenblum | Posted 12.30.2008 | Green

Read More: Climate Change, Obama Energy Policy, Thomas Friedman, Foreign Oil, Cap and Trade, Wto, Automakers Bailout, Charles Krauthammer, The New York Times Op-Ed, Gas Tax, Bob Inglis, Obama Administration Environmental Policy, Environmentalism, Obama Gas Tax, Arthur Laffer, Barack Obama, Republicans Gas Tax, Wall Stree Journal Op-Ed, Carbon Tax, David Frum, Congress Gas Tax, Detroit Bailout, Green News
Dan Rosenblum

This convergence of opinion from Left and Right signals an extraordinary opportunity to obtain bipartisan support for a revenue-neutral carbon tax.

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2008: What Will We Tell The Children?

Dr. Judith Rich | Posted 12.30.2008 | Living

Read More: Change We Can Believe In, 2008, 2008 New Year, Economic Crisis, Wall St. Crisis, The Big 3, 2008 Election, Wall St. Bailout, Barack Obama, Recession, Great Depression, Yes on Prop 8, Yes We Can, On the Ground 2008, Automakers Bailout, Same-Sex Marriage, California Gay Marriage, Gay Rights, Financial Crisis, Grandparenting, Detroit Bailout, Gay Marriage, Balanced Life, Relationships, Living News
Dr. Judith Rich

Pull up a chair and settle in while I spin a yarn about 2008. The story actually begins 20 years into the future (visualize a clock advancing rapidly...

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Toyota Projects First-Ever Annual Loss; Congress Disses Detroit

Steve Parker | Posted 12.23.2008 | Business

Read More: Simon Boag, John Campi, White House, Congress, Australia, Trd, Buick, United Auto Workers, Suvs, Phil Murtaugh, Crossfire, Mercedes-Benz, Cars, Detroit News, Detroit Auto Show, Hardtop Convertible, Daimler, Toyota Motor Corp, Moraine, Masters of the Universe, Mongolia, Bankruptcy, Detroit Three, Gm, Washington DC, Land Rover, Bonfire of the Vanities, Tom Wolfe, Floorplanning, Cnn, Banks, Japan, China, Corporate Jets, Automotive News, Roger and Me, Wall Street Bailout, Suzuki, Chrysler, Jim Press, GM Bankruptcy, Federal Reserve Board, President Obama, Ford, Katsuaki Watanabe, General Motors, Dayton, CNN/Opinion Research Poll, President Bush, Michigan, Detroit Bailout, Uaw, Automaker Bailout, Associated Press, Tokyo, Private Planes, g4 Challenge, North American International Auto Show, Nyc, Wall Street, Detroit Three Loans, Deborah Meyer, Vice President Cheney, Toyota Racing Development, Republicans, Slk, Business News
Steve Parker

Congress took a perverse pleasure in giving Detroit's CEOs and the UAW president the third degree -- unnecessary theater while our country suffers this economic decline.

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Procrastination Doesn't Fix It

Joan Blades | Posted 12.22.2008 | Business

Read More: Uaw, Big Three Automakers, United Auto Workers, Detroit Bailout, Detroit Three, Automakers, Jobs, Bailout, Cars, Detroit Automakers, Labor Unions, Detroit Bailout Reaction, Unemployment, Automaker Bailout, The Big 3, Auto Industry, Unions, Detroit, Business News
Joan Blades

Why not convert one third of the automakers' industrial capacity to building state-of-the-art wind generation? We need to be strategic in solving our economic and energy woes.

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Bush Punts Auto Industry to Team Obama; UAW Concedes Even More

Steve Parker | Posted 12.20.2008 | Business

Read More: Tarp, Automotive News, Msnbc, Wall Street Bailout, Union-Busting, Troubled Assets Relief Program, Chrysler, Right to Work, United Auto Workers, Rick Wagoner, Honda, Cars, Detroit News, Ford, Automaker Viability Plan, Auto Bailout, GM VP CFO Ray Young, General Motors, Richard Shelby, Two-Tier Pay, Chrysler Viability Plan, President Bush, Foreign Transplant Factories, Ford Viability Plan, Detroit Bailout, Bob Nardelli, Automaker Bailout, Uaw, Robert Reich, Managed Bankruptcy, Default Car Czar, Alan Mulally, Detroit Three, GM Viability Plan, Clinton Administration, Barack Obama, Rachel Maddow Show, Alabama, Asimo, Bush Administration, Wall Street, Detroit Three Loans, Auto Supplier Companies, Big Three Viability Plan, Secretary of Labor Reich, Henry Paulson, Car Czar, Treasury Secretary, Jobs, Unemployment, Labor Unions, Detroit Bailout Reaction, Unions, Business News
Steve Parker

This "agreement" is just another part of the recent "Bush/Cheney Revisionist History Farewell Tour." It was created to fail, just as long as that failure didn't happen while Bush was still president.

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Bailout or Not, Nothing Will Be the Same for Drivers or Detroit

Trevor Traina | Posted 12.18.2008 | Business

Read More: Detroit, Auto Bailout, Consumers, Driving, Automaker Bailout, Auto Industry, Detroit Bailout, Vehicle Ownership, Big Three Automakers, United Auto Workers, Detroit Three, Automakers, Jobs, Bailout, Cars, Detroit Automakers, Labor Unions, Unemployment, Detroit Bailout Reaction, The Big 3, Uaw, Unions, Business News
Trevor Traina

Vehicle manufacturers must re-engage their owners and offer them innovative services. What if GM included ads in exchange for lower pricing? What if they developed an in-dash system with Google or Apple?

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White House Still "Gathering Information" While Detroit Suppliers go Bankrupt

Steve Parker | Posted 12.18.2008 | Business

Read More: Toyota Camry, Chapter 11, White House, Thailand, Troubled Assets Relief Program, Flint, Chrysler, Rick Wagoner, United Auto Workers, Cars, Detroit News, Arizona, Facebook, Ford, Detroit Newspapers, Key Plastics, Los Angeles Auto Show, Mark Fields, Southern California, Larry King, Daewoo Lacetti, General Motors, Japanese Cars, Ford Flex, President Bush, Carl Levin, President-Elect Barack Obama, China Brilliance, Uaw, Bankruptcy, Gm, Minivan, Alan Mulally, Special Devices, Detroit Three, Gran Torino, Detroit Free Press, Washington DC, Sandy Levin, Clint Eastwood, Chevrolet Volt, Chevrolet Cruze, Bill Ford, TARP and Auto Bailout, Henry Ford, Detroit Three Loans, South Korea, European Cars, Henry Paulson, Sabic, Detroit Bailout, Automaker Bailout, Detroit, Big Three Automakers, Detroit Automakers, Unions, Auto Industry, Automakers, Jobs, Bailout, Unemployment, The Big 3, Labor Unions, Detroit Bailout Reaction, Business News
Steve Parker

Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.

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Holding the Auto Industry Hostage to Anti-Union Animus

Roger Smith, AIL | Posted 12.16.2008 | Business

Read More: Big Three Automakers, Wages, United Auto Workers, Detroit Bailout, Detroit Three, Automakers, Bailout, Labor Unions, Cars, Detroit Automakers, Detroit Bailout Reaction, Automaker Bailout, Bob Corker, The Big 3, Unions, Auto Industry, Detroit, Business News
Roger Smith, AIL

Rep. Bob Corker and his colleagues have stooped to a new low in sacrificing the nation's economic recovery to their anti-union ideology.

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Is the GOP Risking the Economy to Win the PR War Against Unions?

Art Levine | Posted 12.16.2008 | Politics

Read More: Detroit Automakers, Republican Senators, Gop, Employee Free Choice Act, Corker, Auto Industry Bailout, Uaw, Mitch Albom, Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Jobs, Bailout, Labor Unions, Cars, Unemployment, Detroit Bailout Reaction, Gm, Chysler, Automaker Bailout, The Big 3, Unions, Auto Industry, Detroit, Politics News
Art Levine

With three million jobs at stake, potentially costing taxpayers $150 billion, unions remain the primary targets of the GOP blame game for the troubled auto industry and the failed bailout deal.

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Motor Racing Reacts to Worldwide Recession

Steve Parker | Posted 12.15.2008 | Business

Read More: Porsche, White House, 24 Hours of LeMans, Daytona International Speedway, 12 Hours of Sebring, NASCAR Drivers, Bobby Labonte, Cars, Daytona Prototype, Xtrac, Soap Box Derby, Chip Ganassi, Petty Enterprises, Irs, Formula 1, Felix Sabates, Soap Box Derbies, Richard Petty, Indy Racing League, New Hampshire Speedway, Detroit Three, Nascar, Chevrolet, Gm, Washington DC, Tony Stewart, Kyle Petty, Alms, Dodge, Monaco Grand Prix, NASCAR Money, Turbodiesel, Alfa Romeo, Tarp Bailout Bill, Gran-Am Rolex Sports Car Series, Joe Gibbs Racing, Chrysler, Honda, Ford, Audi Clean Diesel, Volkswagen, Mazda, General Motors, Indycar Racing, Detroit, Detroit Bailout, Indycar, Adam Petty, Uaw, Toyota, American Lemans Series, Ricardo, NASCAR Support, Cosworth, Porsche Rs Spyder, Sprint Cup, Ferrari, Earnhardt Ganassi Racing, Formula One, TARP and Auto Bailout, Daytona 500, Audi, Roger Penske, Bmw, New York Times, Super Bowl Commercials, Business News
Steve Parker

With car sales suffering worldwide, the marketing and advertising budgets, where many companies keep their racing dollars, are often the first budgets to be trimmed.

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Bailing Out Dan Quayle

Paul Jenkins | Posted 12.14.2008 | Business

Read More: House of Representatives, Bail Out, Financial Bailout, Sherrod Brown, Aozora Bank, George W. Bush, Iraq, Colorado, Democratic Party, Wall Street Journal, Jared Polis, William Ford Sr, Aig, Auto Bailout, Mark Fields, Dan Quayle, Ohio, Real Estate, Republican Party, Gail Collins, Detroit, Steve Feinberg, Citigroup, John McCain, Florida, Gm, Alan Mulally, Private Equity, Ford, Condoleeza Rice, Congress, United Steelworkers, Cerberus, Japan, K2, Robert Rubin, Chrysler, Wall Street, Henry Ford, Michigan, Banking, IAP Worldwide Services, New York Times, Hillary Clinton, Chuck Schumer, Senate, Detroit Bailout, Business News
Paul Jenkins

The battle over the bailout of some segments of the US auto industry has become increasingly defined in terms of class, but this hides the fact that the same type of players will benefit from both bailouts.

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Musings II

Norman Cressy | Posted 12.14.2008 | Politics

Read More: Automaker Bailout, Senate Vote, Big Three Automakers, United Auto Workers, Detroit Bailout, Ford, Detroit Three, Automakers, Bailout, Cars, Detroit Automakers, Gm, Chysler, Detroit, The Big 3, Detroit Bailout Reaction, Auto Industry, Politics News
Norman Cressy

Weeks ago Republicans berated Democrats for suggesting that a company should be told what to manufacture -- hybrid cars, for example--that was not Government's job to do

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"Transplant" Automakers Get Over $3.6 Billion in Subsidies; More Unions, Ralph Nader Comment

Steve Parker | Posted 12.13.2008 | Business

Read More: Change to Win, Herbert Hoover, Chrysler, Decherd, Buffalo, Honda, Blue Springs, Mercedes-Benz, Cars, Montgomery, Ford, Volkswagen, Senators, Nissan, Infrastructure, Princeton, Benedict Arnold, General Motors, Hyundai, Greensburg Indiana, Essential Action, Ralph Nader, Uaw, Lafayette, Toyota, Canton, Detroit Three, Ohio, San Antonio, United Steelworkers, Kia, Huntsville, Democrats, Foreign-Owned, Good Jobs First, Treasury Secretary Henry Paulson, Bush Administration, Chattanooga, Detroit Three Loans, Bmw, Subaru, International Association of Machinists and Aerospace Workers, Transplant, Tax Exempt, Smyrna, Unions, Japanese Transplants, Spartanburg, Republicans, Detroit Bailout, Auto Industry, Business News
Steve Parker

This post has the latest news on the billions in subsidies which off-shore transplant carmakers have received from state and local governments.

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The Republicans Want A Depression

Hale "Bonddad" Stewart | Posted 12.12.2008 | Business

Read More: Economy, Auto Bailout, Depression, Detroit Bailout Failure, Auto Bailout Failure, Auto Industry, Detroit Bailout, Business News
Hale

At a time when the US economy cannot withstand another shock the Republicans have decided that is exactly what they want. Instead of helping Detroit out, they put ideology ahead of the country.

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Hypocrisy on Parade

James Moore | Posted 12.11.2008 | Business

Read More: Financial Crisis, Auto Bailout, Detroit Bailout, Business News
James Moore

Was Detroit supposed to anticipate $150 barrel oil any more than Wall Street was expected to know they were playing a funny money game with credit derivative swaps and collateralized debt obligations?

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Obama: Rescue Detroit and Buyout Gas Guzzlers

Diane Francis | Posted 12.11.2008 | Business

Read More: Environmental Policy, Trade Deficits, Oil Imports, Gasoline Prices, Green, Obama, Reaction Against Detroit Bailout, Age of Oil, Cars, Oil Prices, Gas Guzzlers, Detroit, Environment, Fuel Efficiencies, Detroit Bailout Reaction, Detroit Bailout, Canadian Oil Imports, Business News
Diane Francis

The U.S. and Canadian governments should devise a scheme to get the gas guzzlers off the highways.

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Modern Joads

Jeff Danziger | Posted 12.11.2008 | Business

Read More: Chrysler, Automaker Bailout, Gm, US Automakers, Rick Wagoner, Ford, Cars, Nardelli, Alan Mullaly, Political Cartoons, Big Three Automakers, The Big Three, Joads, Detroit Bailout, Big Three Private Jets, Detroit, Grapes of Wrath, Detroit Bailout Reaction, Business News
Jeff Danziger

2008-12-11-Picture1.jpg

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Time For A Gas Tax

Henry Blodget | Posted 12.11.2008 | Business

Read More: Oil, U.S. Economy, Gas, Automobiles, Fuel-Efficient, Gas Tax, Fuel-Efficient Cars, Cars, Auto Industry, Detroit Bailout, Business News
Henry Blodget

No one will pay a premium for fuel-efficient cars now that gas is again cheap, which means Detroit will be asking strapped consumers to pony up out of the goodness of their hearts. A gas tax is the answer.

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Big Three Automakers to Give Every American a Free Car

Billy Kimball | Posted 12.11.2008 | Politics

Read More: Big Three, Chrysler, Auto Bailout, General Motors, Rick Wagoner, Ford, Christopher Dodd, Free Car, Richard Shelby, Detroit Bailout Reaction, Detroit Bailout, Politics News
Billy Kimball

The plan, dubbed the "Unprecedented Winter Sales Event" in internal company documents, was reportedly the brainchild of a marketing team at Chrysler, the most beleaguered of the Big Three.

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So GM Gets Bailed Out and Brings Us the Chevy Volt...and Then What?

Matthew DeBord | Posted 12.10.2008 | Green

Read More: Scion, Plug-in EV, Chevy Volt, Prius, General Motors, Hybrid, Electric Vehicle, Sustainability, Lexus, Toyota, Detroit Bailout, Sustainable Mobility, Detrooit, Green News
Matthew DeBord

As Congress closes in a "short term," bailout of the Big Three Detroit Automakers, it's time to ask what their product plans for the future are going to be, if they survive.

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