McCain and Obama Pushing for Loans to Automakers

We hear there’s some bailout talk going on in Washington, ... . But both presidential candidates are solidly behind a $25 billion low-interest loan program (don’ ... Department on auto loans (Detroit News) [more...]

Date: 2008-09-26 21:02:40

Blog posts (171) | Videos (61)
 

The Pride

is Back!Aaaand......now it's gone again.Chrysler selflessly volunteers to absorb part of America's dangerous money surplus:Chrysler Gets $4 Billion Loan in U.S. BailoutBy JEFF BENNETTDETROIT -- Chrysler LLC received its $4 billion low-interest federal loan Friday, helping the auto maker continue funding its operations [more...]

Date: 2009-01-03 06:45:00

Hybrid Car Sales Faltering

With oil price plunging since the latter part of 2008, the demand for hybrid cars has dwindled in numbers ... at it at this year's LA Auto Sh...Low Interest Loans Will Attract Buyers and DebtEaton Is Working ... . As a car owner, why invest in a hybrid if you can manage the fuel prices for now? Throw [more...]

Date: 2009-01-07 02:18:19

Bush Pardons Auto Manufacturers

With just 31 days left in his term, President Bush has pardoned Ford, Chrysler, ... . The White House will give the auto manufacturers $17.4 billion in low interest loans. That doesn't ... . And it doesn't mean that this loan money from the government will stop the offshoring of American jobs [more...]

Date: 2008-12-19 14:18:15

The Spread of Bailouts, Part II

The big auto industry loan package I mentioned the other day seems close to passing in Congress: Key members of the U.S ... billion in low-interest loans to Detroit's crisis-stricken carmakers. "We are opponents of subsidy ... interest rate for the loans would be about 5 percent, providing about $100 million a year in savings [more...]

Date: 2008-09-24 19:53:51

Fed Grants GMAC Bank Status– Provided GM and Cerberus Piss Off. Eventually.

Thanks to its enthusiastic participation in the sub-prime mortgage market and billions in low-interest, low-FICO score auto loans, GMAC was headed for bankruptcy. There was only one way out: convert [more...]

Date: 2008-12-25 00:10:34

But can't Obama just mandate that Moore's Law henceforth applies to everything?

Digital Domain - Only the Rich Can Afford It. Should Taxpayers Back It? - NYTimes ... . The company is requesting $400 million in low-interest federal loans as part of the $25 billion loan package for the auto industry passed by Congress last year. The program is intended to encourage [more...]

Date: 2008-11-30 04:05:23

Detroit Bailout Loans On The Road To Approval, With Condition Attached - Car Makers Meet 35 MPG By 2020

Remember when the Wizard of Oz was spotted from behind his curtain, ... by these loans can't be called "green" until the wizards come out from behind their marketing curtains.The U.S. Congress moved Saturday to provide $25 billion in low-interest loans to the auto indu... [more...]

Date: 2008-09-30 12:12:55

Daily Podcast: Motown Mooch-oirs

I believe the current economic crisis is the inevitable result of easy credit. Leading this charge (in all senses of the word): the U.S. government ... can slip $25b low-interest "loans" for a doomed domestic auto industry into a housekeeping bill [more...]

Date: 2008-09-25 20:36:49

How Will Wall Street’s Problems Impact Motor City?

Wall Street’s Stunning Fall The recent meltdown of the mortgage securities industry has sent a shockwave throughout the world ... has been campaigning for government assistance in the form of low interest rate federally backed loans. General Motors, Ford, Chrysler and several auto suppliers have been asking Congress to push through a $25-50 [more...]

Date: 2008-09-22 11:04:45

US auto sales hover near historic lows in February

Offers of huge rebates and tempting low-interest loans weren’t enough to entice car buyers out of their bunkers in this economic crisis, causing U.S. auto sales in February to hover near historic lows . General Motors’ sales tumbled 53 percent from a year earlier, while Ford’s U.S…. [more...]

Date: 2009-03-04 04:37:17

Congress weighs loans for automakers

WASHINGTON (Reuters) - Congressional Democratic leaders expressed the intent on Tuesday to make it possible for beleaguered U.S.-based auto companies to access at least $25 billion in low interest loans, a priority for industry facing tougher requirements for fuel efficient vehicles. [more...]

Date: 2008-09-09 16:59:43

Americans oppose government loans, bailouts

Americans oppose government loans, bailouts September 24th, 2008 by Bill Cawthon In the latest Bloomberg/Los Angeles Times poll, nearly two out of three people responding are against providing $25 billion in low-interest loans ... Mixx Google Tags: bailout, Chrysler, Ford, GM, loans, polls. Auto industry, Chrysler [more...]

Date: 2008-09-24 10:00:54

Used Auto Loans Online at Low Interest Rates

Everybody has not enough money to pay for a new car. As for those who want to purchase a second-hand or used car, most of them apply for used car loans. This can be done before they purchase the car or during the process of buying the used car [more...]

Date: 2008-11-10 09:11:24

Michigan Senator says no federal help has been requested for merger

Michigan Senator says no federal help has been requested for merger October 24th, 2008 by Bill Cawthon U.S ... supports rapidly providing $25 billion in federal low-interest loans to automakers and suppliers ... of the auto industry. She noted members of both houses are aware of the economic devastation [more...]

Date: 2008-10-24 18:33:38

GM Comes Begging Bail Out Capital

GM ate up its $7 billion "cash hoard," so it now wants a piece of the bail out capital pie beyond the low-interest fuel-efficient production loans Bush gave it.UPDATE: For some historical perspective on auto manufacturer bail outs, consider ... million.By the early 1980s, the loans were being repaid at a brisk pace and new models based on the K-car [more...]

Date: 2008-11-08 14:40:00

US Senate Approves $25B Loan Package for Auto Industry (corrected)

In a special session on Saturday, the US Senate passed leglislation including authorization for $25 billion in low-interest loans to automobile ... principal. Section 136 of EISA 2007 directs the program loans for automobile manufacturers and component ... . The retooling provision instructs the Department of Treasury to provide up to $25 billion in [more...]

Date: 2008-09-28 12:30:49

The Hypothetical Automaker Bailout Gets Another Supplicant

The big three automakers are clamoring for a piece of the hypothetical $25 billion auto-bailout fund ... $400 million in low or no-interest loans to fund two upcoming projects (likely their new $70k electric sedan and a low priced third car). Tesla has raised nearly $200 million in capital since 2004 [more...]

Date: 2008-11-19 16:45:53

Grand Theft Auto Execs

I kind of agree with the logic here. Hey, we gave Citi what they wanted, why not GM? What could possibly go wrong?And hey, at least they drove to D ... of not giving say $50 billion of low interest loans to automakers to help them restructure?But Roubini is no ally of the auto industry CEOs currently making their case in Congress. He says any [more...]

Date: 2008-12-04 20:13:00

Roubini Advocates Nationalization Of Auto Industry

You know, Nouriel Roubini is smart. I’ve long believed that we should never treat those in opposition* like dullards, ... of not giving say $50 billion of low interest loans to automakers to help them restructure? But Roubini ... an economist — can advocate the nationalization of our auto industry with a straight face. “We’re [more...]

Date: 2008-12-04 17:25:59

Welcome To The New American Auto Industry, Part II

The more we learn about the auto industry bailout that will be debated in Congress this week, the worse it sounds ... be eligible for low-interest loans to be disbursed by the Treasury on Dec. 15. The seven-year loans ... like a de facto government takeover of the auto industry: Congressional Democrats are drafting legislation [more...]

Date: 2008-12-08 14:05:53

01/28/2009, 11:44 AM

Aston Martin NewsAston Martin moving some employees to three-day work week Top-tier luxury marques were once thought of as recession proof, ... billion pounds in low-interest loans.    Print This Post New car price quote ... last for several weeks or even months if auto sales do not improve.Aston Martin employed 1,850 workers at the [more...]

Date: 2009-01-28 16:44:28

Auto industry looking for a bailout, too

Some interesting news worth mentioning: It looks like the AUTOMAKERS are now joining the list of companies shopping for bailout money in Washington -- perhaps $25 billion in subsidized, low-interest federal loans. From a Reuters story this afternoon:"The Big 3 Detroit-based automakers are seeking about $25 billion in federal loans [more...]

Date: 2008-08-22 15:04:00

So much for the Free Market…

Ask your Republican Friends about the free market after you read this article. Automakers plan to urge Congress to support funding up to $50 billion in low-interest loans over ... and frankly, not a lot of sympathy here. Oh, from the department of spin. Auto industry officials [more...]

Date: 2008-08-26 15:36:34

Theft Done Right

Theft Done Right The Bear on Nov 15 2008 | Filed under: ... reported yesterday: The $25 billion would come on top of $25 billion in low-interest loans Congress ... suggestions that If It Happens, The Auto Industry Bailout Needs To Be Done Right: While it’s true [more...]

Date: 2008-11-15 08:10:05

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

Auto Industry to Press Congress for $50 Billion

The Associated Press: Auto industry allies hope to secure up to $50 billion in government loans this month that would pay to modernize plants and ... week from its summer break, the industry plans an aggressive lobbying campaign for the low-interest loans. The situation is growing dire after months of tumbling sales, high gasoline prices [more...]

Date: 2008-09-11 08:43:00

Video: GM tells it like it is, asks you to write to Congress

Legislation to be introduced later this week by majority Democrats in the House and Senate is going to call for a $25 billion in low-interest bridge loans to GM, Ford and Chrysler from the $700 billion bailout package set aside ... to their member of Congress to show support for the auto industry. GM has put together a video and a website [more...]

Date: 2008-11-17 11:30:30

Stabenow: Auto Retooling Program Will Help Keep Jobs in Michigan

WASHINGTON —U.S. Senators Debbie Stabenow, (D-MI) today announced the final agreement as part of the continuing resolution on the budget to include $25 billion in low-interest loans to automobile manufacturers for retooling older factories. The Advanced Technology Vehicle Incentives program authored by Senator Stabenow will allow automakers [more...]

Date: 2008-09-24 14:18:55

Big Three bailout may be around corner

<i>Automakers seek $50 billion in low-interest loans to convert plants from trucks to fuel efficient cars; presidential election could help their chances.</i> <P> NEW YORK (CNNMoney.com) -- Plunging auto sales, high gas prices and election year politics could help convince Congress to approve [more...]

Date: 2008-09-04 18:46:57

What’s good for General Motors is good for American state capitalism

The so-called Big Three Detroit auto-makers are among the most publicly visible brontosaurs of mid-20th century cartelized state capitalism — ... from the State. Last year, Ford, GM, and Chrysler received $25,000,000,000.00 in low-interest loans ... the bag if these perpetual fuck-ups should happen to default on their loans. This year, they want [more...]

Date: 2008-09-10 08:16:46

Bush Punts Auto Bailout to Obama's Team

Color me unsurprised.The Bush administration said it would lend $17.4 billion to General Motors Corp ... from the downside.As the lone Big Three auto maker passing on a federal bailout, Ford Motor Co ... a viable company in order to qualify for --and keep -- the low-interest loans authorized by the Bush [more...]

Date: 2008-12-20 14:18:00

Under the radar - $25 Billion Bailout to Auto Companies

Under the radar - $25 Billion Bailout to Auto Companies Filed under: Politics, Congressional Stupidity, Taxes, Dems/Neo-Socs/Lefties — Toni @ 11: ... to do that, they could easily shift money around and use the low-interest funds to effectively support ... in loans for the beleaguered Detroit automakers and several of their suppliers. “It seemed like a lot [more...]

Date: 2008-09-25 04:14:02

Is Your Auto Loan Too Long?

When financing a new car, people seem to be willing to do anything for low monthly payments ... of that loan even more, and you might qualify for a zero-interest financing plan (provided your credit ... . Right now, the average auto financing plan lasts 70 months–that’s almost six years. That trend [more...]

Date: 2008-10-13 19:19:03

Nixon To Establish Auto Task Force As Part of Jobs Plan

In Kansas City and St. Louis Monday, Governor-Elect Jay Nixon said he wants to provide low-interest loans to small businesses and use tax credits to ... that Missouri is part of the auto industry's push to make high-tech, full-efficient vehicles. Nixon [more...]

Date: 2008-12-22 23:42:00

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

House passes bailout bill for auto makers.

Business: The beginning of money being wasted on companies that refuse to take responsibility for their own business practices that got them into ... $7.5 billion in taxpayer funds needed to guarantee $25 billion in low-interest loans to help [more...]

Date: 2008-09-25 05:29:30

Congress Passes Investment in U.S. Auto Manufacturing

Congress Passes Investment in U.S. Auto Manufacturing Digg by Donna Jablonski, Sep 29, 2008 The U.S. Senate gave final approval to a measure providing $25 billion in low-interest loans for manufacturers that build advanced technology vehicles and their components here in the United States. UAW [more...]

Date: 2008-09-29 17:00:30

McCain advisor says: Let the Detroit automotive companies die.

McCain advisor says: Let the Detroit automotive companies die. Posted by Les on 10/28/2008 at 11:22 AM. Read 308 times ... of low-interest loans already approved by the Bush administration and said any additional aid “depends ... she said. “In other words, the auto industry cannot be saved from its own bad bets.” Fiorina also [more...]

Date: 2008-10-28 15:35:39

Car Loans for Everyone

With Rapid Car Loans, no problems can hold you back from placing your car on the road. Our widespread network of lenders would offer you low interest rates with guaranteed and instant approval wherein you can get auto loans approved within 48 hour of application. So get ready [more...]

Date: 2008-11-12 17:31:15

California In Focus

KCBS: State Watches AIG Impact on California. In focus: "AIG owns 25 insurance companies in the state, ... that makes low-interest home loans to California veterans." Los Angeles Times: Southern California home ... covering everything from auto insurance to homeowner's insurance to worker's compensation [more...]

Date: 2008-09-18 02:07:46

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

"An Auto Bailout Would Be Terrible for Free Trade"

How will foreign investors react to an auto bailout? ... : Congress is now considering a federal bailout for America's Big Three automobile companies. Many want to grant them at least $25 billion ... on top of $25 billion in low-interest loans approved earlier [more...]

Date: 2008-11-20 08:33:00

GM, UAW begin post-bailout negotiations

GM, UAW begin post-bailout negotiations Read More Discuss (11)E-Mail General Motors and the United Auto Workers union began their first labor negotiations since the United States government bailed out GM and Chrysler with a low-interest loans that carried [more...]

Date: 2009-01-05 13:52:41

Before the bell: Stock futures higher on China hopes

U.S. stock futures were much higher Wednesday morning, indicating Wall Street could bounce off 12 year lows, ... below 700 -- both at 12-year lows as U.S. auto sales were reported to have dropped 41% overall ... . For now, it calls for loan servicers to lower struggling borrowers' interest rates to 31% of their gross income [more...]

Date: 2009-03-04 12:35:00

Ford CEO Mulally Says Lawmakers Back Auto Makers

Quote: Ford Motor Co. Chief Executive Officer Alan Mulally said that more legislators are “in our corner” as the three U.S. auto makers prepare to lobby the government for as much as $50 billion in low-cost loans ... don’t think it’s a bailout,” Mr. Mulally said. “I think it will be a loan at lower interest rates [more...]

Date: 2008-09-11 10:04:32

Auto Bailout Agonistes

For the state of play, one turns to Politico these days: ... who fail to comply will have their loans called in by the auto czar and lose any chance of more federal ... collateral for the low interest money: "But the tone and substance of the chairman’s letter, dated [more...]

Date: 2008-12-10 15:39:13

Bailouts vs. Bridge loans

Bailouts vs. Bridge loans I noticed that in the hearings today, ... be offered at very low interest rates, and therefore would be a subsidy -- but certainly ... the auto executives were more disciplined about talking about the auto industry assistance plan [more...]

Date: 2008-11-19 18:11:53

Thursday morning links

TOP STORIES Murky future for auto rescue amid GOP opposition - AP Foreclosure Storm Will Hit U.S ... Years - Bloomberg Bank of Korea Cuts Interest Rate to Record Low of 3% - IHT Swiss Central Bank Cuts ... . in 2009 as Loan Changes Fail - Bloomberg House Passes Bill to Ease Pension Crunch for Retirees [more...]

Date: 2008-12-11 13:40:49

Positive Psychology Workshops to boost happiness at work

THE fear of looming job losses is affecting workers’ morale so much some employers have resorted to “happiness classes” for key personnel. Even companies that seem to be weathering the storm are suffering from “pre-absenteeism” among staff who can’t focus because of the fear of losing their jobs, according to a survey by Drake recruiters [more...]

Date: 2009-03-10 07:53:53

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