Autoblog

Browse by Tags

• bailout
• bailout bill
• bailout plan
• BailoutBill
• bailoutplan
• Chrysler
• chrysler bankruptcy
• chrysler llc
• Chrysler, LLC.
• ChryslerBankruptcy
• ChryslerLlc
• earnings
• financials
• Ford
• ford bankruptcy
• FordBankruptcy
• general motors
• general motors bankruptcy
• GeneralMotors
• GeneralMotorsBankruptcy
• gm bailout
• GmBailout
• GmBankruptcy
• government
• Government/Legal
• legal

• Quoth Mitt Romney in the NYT: "Let Detroit Go Bankrupt"

  Filed under: Government/Legal , Chrysler, LLC. , Ford , GM , Earnings/Financials Mitt Romney, former Massachusetts governor, former entrant in the marathon to win the White House, and current automotive industry expert (who knew?) had a few things to say in the New York Times today on the potential auto industry bailout. The opening paragraph says it all: "IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won't go overnight, but its demise will be virtually guaranteed." Romney is not rooting for the end of the biz, but he believes that bankruptcy is the only way to save it because it will force a reset, and that will be the only way for the Detroit 3 to rectify entrenched structural problems. These include UAW contracts -- "a new direction for the UAW," executive perks -- "sanity in salary and perks," getting rid of old blood -- "management... Posted Nov 19 2008, 11:21 AM by Autoblog Filed under: Ford, Government/Legal, GM, Earnings/Financials, Chrysler, government, ChryslerLlc, chrysler llc, legal, financials, Chrysler, LLC., bailout, chrysler bankruptcy, ChryslerBankruptcy, gm bankruptcy, GmBankruptcy, earnings, bailout plan, bailoutplan, gm bailout, GmBailout, bailout bill, BailoutBill, FordBankruptcy, ford bankruptcy

• GM and Chrysler say bankruptcy not in the cards

  Filed under: Chrysler, LLC. , GM , Earnings/Financials Despite recent rumblings to the contrary, both General Motors and Chrysler claim that they will not be going bankrupt any time soon. Still, as much as the two American automakers would love to quell fears of unsustainable liquidity, questions remain, especially as the pickup market in the United States continues to dwindle. In a note sent out to dealers, Chrysler's Jim Press and Steven Landry say that the automaker will focus its efforts on small cars for the rest of this year, though the current pickings from the automaker's stable seem a bit slim. Chrysler is surely banking on its alliances to bolster its line of small car offerings, which could help to dampen the blow of lost truck profits -- somewhat. General Motors , for its part, has invested heavily into its upcoming Delta platform vehicles, which will include a compact Chevrolet-branded car known as the Cruze as well as the Chevy Volt electric vehicle. [Source: Automotive... Posted Jul 11 2008, 03:35 AM by Autoblog Filed under: GM, Earnings/Financials, Chrysler, general motors, GeneralMotors, ChryslerLlc, chrysler llc, Chrysler, LLC., chrysler bankruptcy, ChryslerBankruptcy, general motors bankruptcy, GeneralMotorsBankruptcy, gm bankruptcy, GmBankruptcy