Filed under: Government/Legal , Ford , GM , Earnings/Financials Chrysler CEO Bob Nardelli was the only auto exec who readily offered to work for a buck if it meant securing federal aid from Congress in the form of bridge loans. Ford CEO Alan Mulally famously told the politicians sitting before him, "I...

Filed under: Hirings/Firings/Layoffs , Chrysler, LLC. , Ford , GM , Earnings/Financials , UAW/Unions As you read this, there are about 3,000 unionized workers -- down from about 15,000 two years ago -- employed by the Detroit 3 getting paid, despite the fact that they aren't working. While it's...

Filed under: Plants/Manufacturing , Chrysler, LLC. , Ford , GM , Earnings/Financials , UAW/Unions The president of the United Auto Workers union, Ron Gettelfinger, said in a recent CNN interview that U.S. automakers need to tell Congress they will limit corporate pay, bonuses and severance packages in...

Filed under: Government/Legal , Chrysler, LLC. , Ford , GM , Earnings/Financials There have been so many different arguments for why The Detroit 3 should or shouldn't get a bailout that we could make a casserole out of them. One argument against a bailout -- or at least, a reason for the futility...

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...

Filed under: Government/Legal , Chrysler, LLC. , Ford , GM , Earnings/Financials So here's a breakdown of what's going on in Congress concerning federal aid for U.S. automakers. A Senate bill expected to be voted on this Thursday would expedite funds for Ford, GM and Chrysler so that they could...

Filed under: Government/Legal , Chrysler, LLC. , Ford , GM , Earnings/Financials "Thick and fast." That's the phrase that describes the opinions, pleas, advice, denunciations, and WTF? going on around the U.S. auto industry right now. Enter Congress, which is trying to figure out how to...

Filed under: Ford , GM , Earnings/Financials General Motors and Ford just concluded an absolutely brutal business day on Wall Street, which echoed the performance of the markets in general as the Dow Jones Industrial Average slid another 678.91 points to close below 9,000 at 8,579.19 points. GM closed...

Filed under: Government/Legal , Green , Chrysler, LLC. , Ford , GM , Earnings/Financials While the U.S. banking industry is still waiting for Congress to give it a $700 billion hand, President Bush signed into law last night the spending bill that gives U.S. automakers $25 billion in loans to get their...

Filed under: Government/Legal , Chrysler, LLC. , Ford , GM , Earnings/Financials No matter how you slice it, a proposed $25 billion loan from the Feds is a bailout, and that's exactly what Detroit's Big Three automakers are after, according to a report by the Wall Street Journal. Lobbyists for...