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Ford posts surprise Second Quarter profit
Ford Motor Company, the only major American automaker that did not take stimulus money, has posted a surprise second quarter profit. Ford posted a profit of $2.8 Billion in the second quarter. ... Nuggets of News Cause Blogger to Pause
Surfing through the morning news headlines, I found some nuggets of news that caused me to pause for a moment and thought they might have a similar effect on you: NO CHRYSLER DEALERS LEFT IN DETROIT: Last week, Lochmoor Chrysler Jeep on Detroit’s East Side stopped... Obama’s Private Economic Conundrum
Having effectively been elected by a population believing in his redistribution of wealth promises, Obama has leaped into the fray of a game in which he has no experience. He arrived with an ideology, and seems to have learned little about the recession facing the Nation.... Did Chrysler Dealers Receive ‘Pink Slips’ Due to Their Politics?
Did some of the 1,100 Chrysler dealers who’ve been told they have to close their dealerships receive “pink slips” as a result of their political affiliations or contributions made — or not made — to... Detroit Icons - Ending More Than An Era
2009 is a year that will long be remembered by all automobile enthusiasts as the year they killed the American car. After over eight long decades, GM announced the closing of the Pontiac brand. More than an... Chrysler Dealerships Closing: Full List of 789 Dealers
Bankrupt auto giant Chrysler will close 789 dealerships across the US as part of its restructuring plan. This comprises nearly 25% of total dealerships. Here is the full list of the dealerships Chrysler is planning... Chrysler won't repay bailout money
An administration official confirms that a $4 billion bridge loan and $3.2 billion in bankruptcy financing won't be paid back by Chrysler following bankruptcy. " Chrysler LLC will not repay U.S. taxpayers more than $7 billion in bailout money it received earlier this year... Chrysler Financial Denied Additional TARP Aid
Chrysler's finance division turned down a $750 TARP loan because it wouldn't agree to an executive pay cap. Several sources differ in their wording between "turned down" and "was turned down", but the gist is... Chrysler Fiat Deal in Danger
Chrysler's deal with Fiat is in serious danger. The deal is a precondition for Chryser to receive $7 billion in bailout funding, so if this falls apart, Chrysler may have to file for bankruptcy. Having said that,... A123 signs with Chrysler and GE
A123’s long-awaited IPO (or APO, actual public offering) could signal an economic recovery spearheaded by electric batteries for vehicle and grid applications. Chrysler is betting on them for their new EV... 2011 Jeep Grand Cherokee Key to Chrysler Recovery Plan
The 2011 Jeep Grand Cherokee is a key part of the Chrysler recovery plan and was unveiled April 8, 2009 at the New York International Auto Show. The 2011 Jeep Grand Cherokee claims to be more fuel efficient and is bigger than previous models. The totally redesigned and... 7,500 GM Employees Opt to Leave, Take $20,000 Cash and a Free Car
7,500 hourly employees of General Motors Corp. (GM) have opted to take a generous severance package that includes a $20,000 cash payout and a $25,000 voucher toward the purchase of a new GM car. With a $25,000 car... Chrysler offers Canadian Government $2.3B USD Ultimatum
Chrysler is seeking to secure a $2.3B USD loan from the Canadian federal government. If the government fails to meet its demands, Chrysler has threatened to close all of its Canadian manufacturing plants. ... Chrysler Cuts 1200 Jobs at Its Canadian Plant
Michigan based Auto giant Chrysler LLC has announced that it is cutting its entire third shift at it's minivan assembly plant in Windsor, Ontario indefinitely, affecting about 1,200 jobs. The company said Wednesday... Car Companies Back At The Public Trough
Another assault on the American taxpayer is under way from a couple of familiar faces. Chrysler and GM are back in Washington looking for significant amounts of more money before one would think that they even had time to spend the last billions they were just given. For...
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