Auto Suppliers’ Solvency: A Politician Who “Gets It”

Obama’s auto industry task force met with GM, Chrysler and the UAW in Detroit yesterday as they wind down their fact finding process and solidify ... made a solid, factual case for helping the auto industry weather the short-term credit crunch in order ... government plans. They likely heard an passionate, urgent pitch from auto execs and union reps [more...]

Date: 2009-03-10 05:15:40

Blog posts (685) | Videos (239)
 

Offshoring and the Auto Industry

auto plant GM China.jpg (photo credit: Lou Linwei for The New York Times) The U.S. government is about to kick $15 billion over to the U.S. auto industry. And what we have seen with all of the bailout cases thus far -- from AIG ... has compellingly argued that the best way to save the American auto industry is to force it to choke [more...]

Date: 2008-12-08 14:10:36

Why Are We Bailing Out the Auto Unions/

Senate will take up $25 billion auto bill Monday By JULIE HIRSCHFELD DAVIS, Associated Press Writer Julie Hirschfeld Davis, Associated Press Writer 26 mins ago WASHINGTON – A bill to rescue the troubled auto industry ... , they had only one firm commitment, from Sen. George Voinovich of Ohio, a state with several auto plants [more...]

Date: 2008-11-14 17:17:18

Auto Suppliers’ Solvency: A Politician Who “Gets It”

Obama’s auto industry task force met with GM, Chrysler and the UAW in Detroit yesterday as they wind down their fact finding process and solidify government plans. They likely heard an passionate, urgent pitch from auto execs and union reps ... risk, supply market dynamics, automotive sector, supply chain finance, regulations [more...]

Date: 2009-03-10 05:15:40

Bush Approves $17.4 Billion Auto Bailout

Sure. Why not? We’ve already spent more on bailouts than we have every war this country has ever fought (including Iraq) combined ... and will continue to receive government aid or must repay the loans and face bankruptcy. If the auto ... that this bailout only keeps the auto companies solvent until March. WASHINGTON — President Bush [more...]

Date: 2008-12-19 17:50:32

Japanese automakers may also need bailout

March 4, 2009in Asides It’s not just the Big 3 automakers that are in trouble.Honda Motor Co., suffering from a 38 percent plunge in U.S ... from the government as the global recession hammers auto demand. U.S. auto sales in February slid to the lowest rate ... . auto sales in February, may ask to borrow money from Japan’s government to lend to U.S. car [more...]

Date: 2009-03-04 15:28:28

US Emergency Bridge Loan Package to Automakers Would Tap $25B Retooling Fund

Under a proposed compromise legislative package, the $25 billion emergency bridge loans to the auto industry—if approved by Congress and signed by ... from sliding into a depression, which is a real possibility if one or more of the domestic auto companies goes under, given the impact of the auto industry on millions of jobs, on suppliers that are in [more...]

Date: 2008-11-21 17:38:41

GM Wants To File Bankruptcy, Suppliers Going Under, So Let’s Make NY Dilettante Steve Rattner Auto Czar

photo: New York Social Diary GM says the government either has to bail them out again or provide bankruptcy debtor-in-possession loans ... has walked away from the negotiating table.  The nation's auto suppliers are asking the Treasury for $18.5 billion in emergency aid to prevent the collapse of auto suppliers, or one million jobs could [more...]

Date: 2009-02-15 03:06:13

KeePass AutoType Clarification

I’ve been using KeePass for about a year but I only recently figured out the nuance of how Auto-Type-Window interacts with the entry title ... when you hit Ctrl-Alt-A (or whatever shortcut you’re using to invoke Auto-Type). That’s very useful because an aptly-named title works without any customization. However, adding an Auto-Type-Window [more...]

Date: 2009-03-10 19:53:51

Why GOP Conservatives Should Let The Auto Bailout Happen

There's a solid argument for conservatives to not oppose the current auto bailout too strongly less they fall into a trap that could keep them in ... that makes the most sense. It's being called a "bridge loan" for a reason. Everyone knows what's coming ...  the American auto industry went down the tubes and the highly newsworthy blood of every [more...]

Date: 2008-12-11 14:10:23

Bush’s Auto Industry Loans Come With Unfair Conditions for Workers

Religious leaders and union members held a candlelight vigil Thursday in Detroit to call on the government to support autoworkers and prevent the ... collapse of the auto industry.       After letting the auto industry hang for weeks following the refusal by Republican senators to approve a loan to help automakers get through the end of the year—and [more...]

Date: 2008-12-19 17:19:03

Obama’s auto task force heading to Detroit next week

According to White House spokeswoman, Barack Obama’s administration is working “around the clock” to form a solution to the problems being faced with General Motors, Chrysler and the auto industry. “The administration is very mindful of the challenges in the auto sector,” the spokeswoman said. “Our team is working around the clock to develop [more...]

Date: 2009-03-05 22:50:43

Barney Frank: It Would Be Biased Not To Give Auto Industry As Much As The Financial Industry

During an interview with NPR, Democrat Rep. Barney Frank suggested that the auto industry bailout could end up being four times larger than what is ... the loan; they get no more money. If they can show by March 31 a plausible way to go forward ... would think was as important to the American economy as the auto industry ... got $40 billion [more...]

Date: 2008-11-19 17:13:19

The Auto Alliance Explains Why Big 3 Rescue Is Necessary

Today I had a chance to listen in on the blogger conference call with the policy group that represents the auto industry, The Auto Alliance ... their business plans were more future forward looking. It sounded like The Auto Alliance is in favor [more...]

Date: 2008-11-17 22:04:28

Unions 1, Auto Execs 0

Update: More on Bloom here. Yeah, he's business friendly. Big Business and Big Labor ... Detroit needs. There are two sides to the elitist coin. Obama is moving away from an "Auto Czar ... to Treasury on the auto crisis. Gee, I wonder who's going to have the most powerful seat at the table [more...]

Date: 2009-02-16 05:32:41

Club Statement on the Auto Bailout

Club for Growth Pleased with Rejection of Auto Bailout, ... , the auto companies are not “too big to fail.” America is lucky to have a thriving car manufacturing ... , bankruptcy will give them a new lease on life so that they will not need government financing. Finally [more...]

Date: 2008-12-12 17:47:31

Nancy Pelosi, Harry Reid Want Henry Paulson To Use Bailout Money For Auto Industry

But who would the bailout really be for? The auto industry? Or the autoworker unions that are dragging the auto industry down? ... Co. and Chrysler LLC. The three companies are seeking $50 billion in federal loans to help them ... the industry will be a “high priority” for his transition team. “A healthy automobile manufacturing [more...]

Date: 2008-11-09 04:36:04

The Politics and Economics of the Auto Bailout

The Senate logjam over a $14 billion "bridge loan" for the Big Three to tide them over until the end of March may be breaking ... in America. Japanese, Korean, and German automakers are now building 18 auto assembly plants in the United ... has Toyota's biggest auto assembly plant outside Japan. Tennessee (Senate Rep. Bob Corker, who came [more...]

Date: 2008-12-12 01:30:00

Auto Industry Woes? Not For Everyone: Zag Raised $32.4 Million

Santa Monica, California based Zag, an auto-buying service that lets people buy cars at a discount through affinity organizations like AAA, ... , the company says, saving them $115 million v. MSRP.Zag was founded by Scott Painter, a long time auto ... has raised a monster round of financing - $32.4 million. The round was led by USAA, a financial [more...]

Date: 2009-01-23 00:18:08

Obama: Auto Bailout 'Necessary'

ABC News' Sunlen Miller Reports: In his fifth Chicago press conference in as many days, ... loans when he takes office – as groups such as the United Auto Workers are already upset over ... President-elect Obama addressed the auto bailout by the White House this morning in his opening [more...]

Date: 2008-12-19 21:17:09

National Self-Image

Obama is a truly international leader: As for our auto industry, ... . But we are committed to the goal of a re-tooled, re-imagined auto industry that can compete and win ... that invented the automobile cannot walk away from it. So go forth and reimagine the auto industry [more...]

Date: 2009-02-25 14:50:00

You Can't Get There From Here

SEARCH BLOG: AUTOMOBILES Michigan Rep. Thaddeus McCotter comes across more like a logic professor than a U.S. Congressman ... Securities Loan Facility (TALF) may not include credit access relief for domestic auto dealers to purchase ... As our American auto industry’s working families continue to endure a painful and perilous restructuring [more...]

Date: 2009-02-26 16:12:00

Sweden approves $3.5b auto bailout package

Sweden approves $3.5b auto bailout package Read More Discuss (11)E-Mail While General Motors and Ford were busy lobbying the U.S. government for low-interest bridge loans, their Swedish luxury brands – Saab and Volvo ... cash. Apparently the Swedish government is far more sympathetic to its auto industry [more...]

Date: 2008-12-11 16:50:21

Corker: Classless

Photo credit: dreamsjung America’s economy is in a tailspin and millions of the nation’s autoworkers could lose family-supporting jobs ... against assistance to the auto industry in December and voted against the economic recovery package ... that they will be next in the layoffs hitting Michigan auto plants.  Corker’s outburst continues a [more...]

Date: 2009-02-26 19:48:05

Bush Working on "Orderly" Auto Bankruptcy

Apparently the President has heard the voices of his own party, ... to bail out the "weak three" Detroit auto-makers. The letters urged him not to make a deal without a reorganization of the Auto Companies, their obligations to their suppliers and the Union Contract. A deal [more...]

Date: 2008-12-18 19:04:54

China Considers Big Push For Auto Industry. Maybe

China Considers Big Push For Auto Industry. Maybe By Bertel Schmitt December 15th, ... growing, but sputtering auto market. “Industrial growth is sharply declining and we have not seen ... billion package of subsidized loans, targeted at improving technology and cutting energy use. - Beijing [more...]

Date: 2008-12-15 11:46:48

Auto Manufacturers Should Take Cue from Computer Industry

Yesterday we learned that Toyota (TM) and Honda (HMC), who were once the pride of the auto industry, have succumbed to market forces and have joined their US counterparts in asking the government for money. Anyone that has been following the auto [more...]

Date: 2009-03-05 09:13:49

"A tourniquet for a hemorrhaging economy"

There will be many parties watching with bated breath to see whether the Senate will pass its huge combo bailout-energy-tax bill on Wednesday night ... percent of applications for auto loans in the United States were approved ... but so far this year ... ... On Wednesday, the auto industry reported horrible monthly sales numbers for September. Ford and [more...]

Date: 2008-10-02 01:06:53

Opel Fans, Speak Up!

Parallel to the ongoing drama in the United States over the survival of two out of the “Big Three” automakers - whether to give GM and Chrysler the ... Midwest - European auto-makers are also having a difficult time in the current economic climate ... as well. Of course, that comes as no particular surprise when the European auto-maker in question [more...]

Date: 2009-03-01 13:45:07

Things must be rough in California

This one particular auto title loan outfit has “eight offices throughout California.” (Note that they serve only California, and no other state.) ... credit, bad credit, it didn’t matter. (Just like the old “Bill Gehr” commercials on 41 on a Sunday ... or an auto title loan to help us ride them out forever. It is merely a step. But hopefully [more...]

Date: 2009-03-10 10:49:27

It's Time to Break up the Big Banks

Mike Whitney Timothy Geithner is putting the finishing touches on a plan that will dump $1 trillion of toxic assets onto the US taxpayer ... up to $1 trillion of financing for buyers of new securities backed by credit card, auto and small business loans ... , we are creating a new lending fund that represents the largest effort ever to help provide auto [more...]

Date: 2009-02-27 02:30:11

Got a tip for a post?: Email us | Anonymous form Get PEEK in your mailbox! ... Americans will be placed at high risk if conditions proposed as part of auto rescue loans are enforced ... out for some time: Bob Corker's "plan" to "fix" the auto industry is not so much a plan to fix anything [more...]

Date: 2008-12-28 16:10:03

Gongwer News Highlights, February 24, 2009

LEGISLATIVE LEADERS TRAVELING TO D.C. TO URGE AUTO, SUPPLIER SUPPORT Michigan's four legislative leaders are traveling to Washington, D.C ... burgeoning unemployment, a record number of people on Medicaid and a global credit crisis have created ... the North American International Auto Show in the city. CORRECTIONS OMBUDSMAN STILL ADDRESSING [more...]

Date: 2009-02-25 02:46:07

British AA Pushes For Car Trade-in Deal

In a familiar effort being practiced today, the Automobile Association in Britain has vouched for a car trade -in scheme that would allow buyers ... it will provide its auto industry with $1.8 billion in government loans rece... Hummer Sees Potential Buyers ... Rentals Downsize Car Roster (1) Xenos to Open Auto Boutiques in India (0) [more...]

Date: 2009-03-02 04:17:51

whirlwind

Life, work and personal, is still busy. Work: We’re still at a high population with some violent offenders but we’re all settling into a nice ... : Auto Show - I love the Auto Show!  I’ve gone almost every year for the last 8 or so years ... in the event that someone put a gun to my head and said I had to buy a car right now with $X.xx budget [more...]

Date: 2009-02-27 20:30:10

Op-Ed: Credit Is Not A Good Standard For Underwriting Auto Insurance

Americans are facing one of the most difficult economies in recent history. Life becomes more difficult every day for many of Connecticut's families. Stories we hear from our constituents illustrate lives turned upside-down with job losses and the struggle to meet the most basic needs. The high cost of auto insurance adds considerable roadblocks [more...]

Date: 2009-03-07 13:23:06

Auto Industry: Special Loan Financing! (pfblogs.org)

What do you do with an industry that has been losing billions of dollars, has an uncompetitive cost structure, ... some insurance money.c) Lend it a huge amount of money at a ridiculously low interest rate ... . Unfortunately, you are either a village idiot, a U.S. Congressman, or an auto industry executive [more...]

Date: 2008-09-29 04:38:05

Autoline on Autoblog with John McElroy

Filed under: Autoline on AutoblogAPB for Everyone in PD Is the American auto industry worth saving? You bet it is! ... . And they will have to go through even more change to qualify for the bridge loans being extended to them by Congress. Getting ... " and daily web video "Autoline Daily". Every week he brings his unique insights as an auto industry [more...]

Date: 2009-01-20 20:29:00

Democrats Don’t Want to Assume Leadership

Cowards: WASHINGTON – House Speaker Nancy Pelosi called for “emergency and limited financial assistance” for the battered auto industry on ... was needed “in order to prevent the failure of one or more of the major American automobile ... loans to the auto industry, but lawmakers are expected to return to the Capitol for a brief [more...]

Date: 2008-11-11 23:50:38

Auto Insurance — Which Vehicles Keep Your Premium Affordable

by Chimezirim Odimba It is difficult just trying to find a car that is within budget but then you have to factor in the cost to insure it ... companies that want to evaluate your past driving history, your credit score, and the type of vehicle ... . Staggering auto insurance payments in addition to monthly car payments is more than most can bear [more...]

Date: 2009-03-10 13:11:42

Barnacles of Class War Around Our Necks

For more proof that the Republican opposition to the auto bridge loan is ideologically based class war against workers and their unions, ... look no further than yesterday’s comments by Sen. Jim DeMint (R-S.C.), who wants to force the American auto industry—at the cost of 3 million to 5 million U.S. jobs—to its knees: I’m not trying ... [more...]

Date: 2008-12-11 17:16:22

GM Gets Its Loan; No Bankruptcy for Now

When it was announced Sunday that President Obama had decided against appointing an "Auto Czar", ... , functioning entity instead of forcing them into bankruptcy. Monday night, that was borne ... concessions from the United Auto Workers union and creditors under the terms of its $13.4 billion federal [more...]

Date: 2009-02-17 15:54:33

Obama Decides to Try Smoot Hawley

I’ve written before about a dangerous provision of the Omnibus appropriations legislation now under consideration in the Senate ... it could be aimed at sensitive sectors in the United States, including steel, auto parts, financial services and possibly others. If your job depends on trade in steel, auto parts or financial services [more...]

Date: 2009-03-10 19:32:28

Comprehensive Auto Insurance: Things You Should Know

by Chimezirim Odimba Comprehensive car insurance compensates you for damage or even allows dollar reimbursement of a totaled automobile if it is ... be optional, it can be compulsory if you buy a car with an auto loan. Until the car loan is paid ... damaged by something other than a car accident. Possible harm that may be covered by comprehensive [more...]

Date: 2009-03-03 06:49:29

That new car (site) smell

autos redesign It’s been a rough ride for Detroit in the last year — with a perfect storm of the credit crunch, gas prices hitting an all-time high this summer, and the economic downturn threatening the auto industry’s very survival. These same factors have also made consumers all the more cautious [more...]

Date: 2009-01-09 17:57:35

Should the auto union die?

I don’t typically like to follow politics, and it’s rare for me to get fired up over political issues ... had money, and they were more than happy to give it to car dealers in exchange for new Chevy trucks ... politics has on our beloved car industry. I admit the United Auto Workers union has done amazing [more...]

Date: 2009-02-24 16:53:51

Knock on Wood

Click charts to ENLARGE. Within the three-day cycle of buy, sell, and sell short...yesterday (at least relative to recent action) ... consumer confidence Lower demand for consumer credit Ongoing tight corporate credit conditions ... five percent for the year. Not a big list. Auto Parts stores and Auto Dealerships [more...]

Date: 2009-03-05 10:49:00

money matters

photo from Google images I switched insurance companies today, for my homeowner's and auto policies ... them if they could match it. Any guilt I'd felt evaporated when I got their response. For the auto ... , and gave them credit card information for the premium, at which time I was faxed a temporary ID [more...]

Date: 2009-02-26 07:18:00

The Great Restructuring

It’s not a great depression , neither is it a great recession we’re going through now ... will disappear or will change so much they might as well disappear: * America may well not be in the auto ... in 2007. Even if sales increase considerably, that is likely to leave a lot of unneeded auto [more...]

Date: 2009-03-07 20:28:27

Will the Auto Industry Be Bailed Out Next?

First the federal government bails out the housing industry. Now it may bail out America’s auto companies, reports The Wall Street Journal. What? Apparently, Congress authorized $25 billion in low-interest loans to high-risk borrows, and surprise! Detroit car makers are lining up with hat in hand. Only Detroit, never to think small – [more...]

Date: 2008-09-07 03:17:56

1 - 50 of 685 Posts
Page: First | < Preceding | Next >
0 | 1 | 2