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Posted December 1 2008 02:16 PM by Angus MacKenzie
You know you're in real trouble as an industry when the about only takeout from your plea to Congress for a low interest government loan to help survive the global financial meltdown is a media frenzy over private jets,...
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Posted December 1 2008 01:46 PM by Todd Lassa
"Detroit, Michigan, hello!" I missed Michael Moore's diatribe on CNN's "Larry King Live" the day after Detroit Three executives testified to Congress. Thanks to the magic of the Internets, you can watch the highlights --...
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Posted November 20 2008 06:59 PM by Todd Lassa
DETROIT - House speaker Nancy Pelosi (D-California) and Senate majority leader Harry Reid (D-Nevada) are willing to reconsider a $25-billion loan guarantee bailout for the Detroit Three. They've called for another...
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Posted November 20 2008 12:59 PM by Todd Lassa
DETROIT - Michigan's junior senator, Democrat Debbie Stabenow is leading a bi-partisan compromise to provide $25-billion in emergency loan guarantees, to General Motors, Ford Motor and Chrysler. Joining Stabenow and...
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Posted November 20 2008 12:02 PM by Todd Lassa
DETROIT - As a bailout/loan guarantee plan for the Detroit Three fizzles comes word from Capitol Hill that Representative Henry Waxman (D-California) has unseated John Dingell (D-Michigan) as chairman of the Energy &...
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Posted November 19 2008 11:48 AM by Todd Lassa
DETROIT - Chrysler LLC is burning through how much money per month? Chairman Bob Nardelli told the U.S. Senate Committee on Banking, Housing and Urban Affairs Tuesday "Chrysler has billions of dollars in cash payment...
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Posted November 17 2008 05:30 PM by Todd Lassa
DETROIT - Rick Wagoner, Alan Mulally and Bob Nardelli returned to Capitol Hill this past weekend to plea their case for bridge loans, for the second time. What did they achieve? Their message isn't resonating.
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Posted November 12 2008 12:20 PM by Todd Lassa
DETROIT - President Bush says he won't consider taxpayer money to guarantee additional loans to General Motors, Ford, and Chrysler, unless the Democratic Congress ends its opposition to a free-trade agreement with...
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Posted November 10 2008 01:22 PM by Todd Lassa
DETROIT - In March, I criticized General Motors for restoring CEO/chairman Rick Wagoner's $2.2-million base salary for 2008. What timing. In 2005, the GM board cut it in half to $1.1 million (the company hasn't posted a...
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Posted November 7 2008 11:41 AM by Todd Lassa
DETROIT - General Motors has ended talks with Cerberus to acquire Chrysler LLC, GM CEO and chairman Rick Wagoner said Friday afternoon, without specifically naming Chrysler. "We're setting aside such an acquisition as a...
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Posted November 5 2008 08:02 PM by Todd Lassa
DETROIT - General Motors issued congratulations to Senator Barack Obama for his win Tuesday, and reminded the president-elect of his "pledge to support our nation's domestic auto industry in its ongoing efforts to...
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Posted October 31 2008 01:19 PM by Todd Lassa
DETROIT - The story broke Friday morning that the treasury department turned away General Motors on its widely reported, not very substantiated deal to buy Chrysler with $10 billion in federal bailout money. (I write "buy...
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Could the Ram Survive as Its Own Brand?
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Posted October 31 2008 09:42 AM by Edward A. Sanchez
One of the underlying discussions surrounding the potential merger of GM and Chrysler is: What's going to happen to the Dodge Ram pickup? There's even some doubt the Dodge brand itself will survive.
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Posted October 30 2008 11:43 AM by Todd Lassa
DETROIT - I'll try to post this bit of news, released Thursday morning, without comment. In the midst of the worst automotive market since the early '90s, as banks, investment firms and insurance companies fail and...
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Posted October 30 2008 10:50 AM by Todd Lassa
DETROIT - While most of us are still trying to figure out why General Motors would want to buy or merge with Chrysler, sources familiar with the talks claim that all major issues have been resolved, that it's all but a...
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