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We spent the night reading the the not-so-Big Three's business plans presented yesterday to Congress and after we graded them below, we've one huge question. Given the Carpocalypse , what's with the overwhelmingly optimistic sales projections for the next three years? The biggest factor into...
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We spent the night reading the the not-so-Big Three's business plans presented yesterday to Congress and after we graded them below, we've one huge question. Given the Carpocalypse , what's with the overwhelmingly optimistic sales projections for the next three years? The biggest factor into...
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Filed under: Hybrids/Alternative , Sedans/Saloons , Etc. , Government/Legal , Hirings/Firings/Layoffs , Chrysler, LLC. , Ford , GM Click above for a high-res gallery of the 2008 Malibu Hybrid While it won't get him there as quickly (or as luxuriously) as a Gulfstream corporate jet, GM CEO Rick Wagoner...
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Filed under: Etc. , Euro , Chrysler, LLC. , Ford , GM , Porsche Little guy Porsche is taking huge swings, and not just at the giant that is Volkswagen. Porsche head Wendelin Wiedeking had fierce Teutonic words for General Motors and Ford, and banks. His Rindfleisch - beef, that is - with U.S. automakers...
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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...
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Filed under: Government/Legal , Chrysler, LLC. , Ford , GM President-Elect Barack Obama has been in favor of assisting Detroit automakers, but the soon-to-be Commander in Chief agrees with a Congressional demand to see concrete plans before any checks are signed. Obama's Cheif of Staff, David Axelrod...
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Filed under: Government/Legal , Chrysler, LLC. , Ford , GM , Celebrities While there is definitely a huge rift between those who favor a Detroit bailout and those who would rather see the Big 3 fade away, you'd think that someone like Flint-native and documentary maker Michael Moore would be all...
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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...
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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...
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newVideoPlayer("/Ackerman_Jetpool.flv", 506, 423,""); New York Congressman Gary Ackerman feasts upon a buffet of "delicious irony" as he asks the CEOs from the Not-So-Big Three to perhaps save some cash and fuel by using a single jet together rather than individual private...
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