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The Bailout for the Big 3 Automakers has made it through the U.S. House totaling $14 Billion. Not quite the original amounts of $25 Billion or even the $34 Billion Full Article »
The Saturn nameplate use to be known as a type of automotive brotherhood when it comes to its loyal owners. Lately many Saturn owners have expressed their opposition of GM Full Article »
It seems to be “very likely” that congress will reach a deal to loan the big 3 automakers a total of $15 Billion. That figure is much less than the Full Article »
The Big 3 are not the only car makers to suffer during this economic downturn or what some call it, a recession. Many manufacturers such as Toyota, Nissan, Honda and Full Article »
Rest assured, you will see plenty of images and press talk on Rick Wagoner’s trip to D.C. Today because he will be driving a Chevy Cruze with components from the Full Article »
President and CEO of the Ford Motor Co., Alan Mulally, says he will work for $1 a year if they have to take from the government loan money. In addition, Full Article »
Just released today by Automotive News, the Ford Motor Co. says that it does not expect to make money until 2011. At that time it seems Ford would be able Full Article »
Uh Oh the world is ending – Toyota has a 0% Financing Offer Time for investors to bail out Toyota? By no means, not yet anyway. Even if Toyota’s earnings Full Article »
Cars are just getting safer. That pretty much sums it up. Although work still needs to be done (cough cough Chrysler) many automakers are very proud today as a number Full Article »
I hate to be the bearer of bad news and I do not want to beat a dead GT-R horse but here goes… Inside Line has confirmed with three Full Article »
There have been quite a few stories written concerning executive compensation for banks partaking in the Treasury’s Capital Purchase Program. The rules clearly spell out, acceptable compensation for the five Full Article »
Okay, so this is very reminiscent of the big recall BMW had on the previous generation E46 BMW M3 for a rod bearing in the years 2001 to 2003.5. Now Full Article »
Bottom line from the US Automakers: Pay $25 billion now or risk over $150 billion with millions of jobs lost later if nothing is done. Pretty serious if you ask Full Article »
CNN recently posted a very interesting article about the dreadful consequences a failed GM would cause. Not only would the Automotive Industry suffer but the whole economic structure in America Full Article »
With the speculation and anticipation for a resolution of the American economic crisis the Auto Industry is awaiting a bailout and here comes new interior shots of one of GM’s Full Article »
