Posts by Tag: Big 3»

Automotive

American Automotive Bailout: Victory on the Horizon?

American Automotive Bailout: Victory on the Horizon?

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I am no politician, and I doubt I’ll ever intend on attempting to understand politicians because I believe many of them don’t have the sense that God gave a goat.  Full Article »

Automotive

GM Plans to Shut-Down Plants For The Summer
Apr 23, 2009 ΞComments Off on GM Plans to Shut-Down Plants For The Summer

GM Plans to Shut-Down Plants For The Summer

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At this point, there is no doubt in my mind; GM will be filing for bankruptcy soon. Confirmed by various sources, GM cannot file until after sometime in June of  Full Article »

Automotive

Obama Says U.S. Will Guarantee GM, Chrysler Warranties
Mar 30, 2009 ΞComments Off on Obama Says U.S. Will Guarantee GM, Chrysler Warranties

Obama Says U.S. Will Guarantee GM, Chrysler Warranties

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Today is my “what to do in case of Automotive Industry emergency” news day. All of the major news networks are steadily reporting today updates of the Obama administration’s plans  Full Article »

Automotive

GM CEO Rick Wagoner Calls It Quits

GM CEO Rick Wagoner Calls It Quits

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General Motors CEO Rick Wagoner will step down from his position immediately as recently reported by various news associations. This comes about maybe as a slight surprise on the eve  Full Article »

Automotive

President Bush Readies $17.4 Billion Auto Industry Bailout Package
Dec 19, 2008 ΞComments Off on President Bush Readies $17.4 Billion Auto Industry Bailout Package

President Bush Readies $17.4 Billion Auto Industry Bailout Package

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The back and forth of the Big 3 Bailout talk has come to a head. Bush today has signed the $17.4 billion auto industry bailout package to rescue mainly GM  Full Article »

Automotive

Big 3 Auto Bailout Rejected in Senate
Dec 12, 2008 ΞComments Off on Big 3 Auto Bailout Rejected in Senate

Big 3 Auto Bailout Rejected in Senate

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Late Thursday the U.S. Senate rejected the emergency bailout bill that would have provided upwards of $14 Billion to the Big 3 Detroit automakers. Many were hopeful of that was  Full Article »

Automotive

Breaking: It is Official – U.S. House Passes Big 3 Automakers Bailout Package of $14B
Dec 10, 2008 ΞComments Off on Breaking: It is Official – U.S. House Passes Big 3 Automakers Bailout Package of $14B

Breaking: It is Official – U.S. House Passes Big 3 Automakers Bailout Package of $14B

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The Bailout for the Big 3 Automakers has made it through the U.S. House totaling $14 Billion. Not quite the original amounts of $25 Billion or even the $34 Billion  Full Article »

Automotive

Saturn Owners to GM: “Please Don’t Leave Us”

Saturn Owners to GM: “Please Don’t Leave Us”

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The Saturn nameplate use to be known as a type of automotive brotherhood when it comes to its loyal owners. Lately many Saturn owners have expressed their opposition of GM  Full Article »

Automotive

Big 3 Automakers May Get $15B Bailout
Dec 8, 2008 ΞComments Off on Big 3 Automakers May Get $15B Bailout

Big 3 Automakers May Get $15B Bailout

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It seems to be “very likely” that congress will reach a deal to loan the big 3 automakers a total of $15 Billion. That figure is much less than the  Full Article »

Automotive

Automotive Industry Struggle: Unsold Cars Pile Up On Leased Lots

Automotive Industry Struggle: Unsold Cars Pile Up On Leased Lots

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The Big 3 are not the only car makers to suffer during this economic downturn or what some call it, a recession. Many manufacturers such as Toyota, Nissan, Honda and  Full Article »

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