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Categories:
Environmental and Energy IssuesSocial Issues and Concerns
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News & UpdatesDecember 19, 2008 Auto Makers to Get $17.4 Billion  Source: Wall Street Journal The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration.
December 8, 2008 Auto Industry Collapse Is Not an Option, Obama SaysSource: The Wall Street Journal President-elect Barack Obama suggested that bankruptcy wasn't a good option for Detroit's Big Three automakers, saying "these aren't ordinary times" given the country's current economic problems. "The Big Three automakers have... December 8, 2008 Senate returns to auto bailout talks Source: Reuters The U.S. Senate was due to reconvene on Monday as White House and Democratic congressional negotiators sought to draft legislation to bailout the U.S. auto industry and stem a deepening of the U.S. recession. December 5, 2008 Carmakers, senators discuss aid conditions Source: Detroit Free Press Key senators told Detroit automakers today they were willing to consider granting a portion of the $34 billion they were seeking for survival in return for strict conditions and proof by March 31 on progress in reworking the... December 3, 2008 Lawmakers Hedge Their Bets on Auto Bailout Source: Fox News Detroit's automakers, making a second bid for a multi-billion dollar industry bailout, presented Congress with their plans to restructure their ailing companies and provided assurances that the funding will help them survive and... December 2, 2008 Automakers ready bold pitch; UAW to mull concessionsSource: Detroit Free Press Top UAW officials from across the country will meet in Detroit on Wednesday to consider key concessions in hopes of helping Detroit's automakers gain congressional approval of $25 billion in federal loans. Automakers must submit... December 1, 2008 FORD'S TEST BED: Brazil's Camaçari plant is model for the futureSource: Detroit Free Press At Ford Motor Co.'s factory here, a group of Visteon Corp. workers connect the wiring in a dashboard module for a Ford EcoSport. Next to them, Lear Corp. employees are building seats for the same vehicle. A few feet away, Ford's... December 1, 2008 Each Player in Big Three to Bring Its Own Plan Source: New York Times The Detroit automakers have been lumped together for decades as the Big Three, and for good reason; their goals have usually been aligned. But this week, as the automakers take a second run at Congress, hoping to persuade... November 20, 2008 GM, Ford, Chrysler Depart From Congress Empty-Handed (Source: Bloomberg.com U.S. lawmakers deadlocked on a plan to bail out the Big Three automakers, leaving General Motors Corp. facing the prospect it could run out of cash before a new Congress can come to the rescue next year.
November 18, 2008 Ford Sells $540 Million of Mazda Stock to Ease CrunchSource: Bloomberg.com Ford Motor Co., reeling from plunging U.S. car sales and a sinking share price, will raise about $540 million selling part of its stake in Japanese affiliate Mazda Motor Corp. to ease cash concerns |
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