Rotating layoffs announced at GM, Chrysler auto plants in Windsor

WINDSOR, Ont. - Employees at two auto plants in Windsor, Ontario are facing rotating layoffs, starting next week. " Workers at the General Motors transmission plant are facing temporary job cuts as the automaker...

"CHRYSLER Exits Road To Ruin & Returns To Thunder Road"

The past always moves forward while looking back.. After reading the November 26, 2007 Issue of Forbe's Magazine titled "Chrysler's Last Stand" I recalled there was a time when America built the best cars. The...

Detroit Goes for Electric Cars, but Will Drivers?

The electric car has to happen butwide spread acceptance of themwill not happen at once. As they get cheaper and achieve better performance they will become big sellers."The competition over electrics is picking...

Canada: Steep Sales Drop in 2008 for Detroit Three

Toronto - For the first time in history, less than half the vehicles sold in Canada in 2008 were produced by the Detroit Three automakers.  " Foreign automakers sold 51.2 per cent of vehicles in Canada last year, the first time that the market share of the Detroit Three...

How Canadians could buy out rather than bail out U.S. automakers

The book entitled The Proposed Canadian Automobile Transport and Arctic Climatic Protection Act: Toward an environmentally-sensitized and truly made-in-Canada car inspired by the Avro Arrow, was written with the recognition that Climate Change associated with Global...

President Bush says GM, Chrysler to get $17B Loan from Government

Ford decided that they don't need a loan at this time.GM and Chrysler will take the money.  This will not solve theirproblems but it will give them three monthsto begin making needed changes. "President Bush...

Chrysler Suspends Production

Chrysler will be closing all of its plants on Friday due to its ongoing financial woes. The Automaker's announcement states that the closure will last for at least a month, with the factories that make certain...

Chrysler to Shut Factories for a Month

Us auto makers need to change the whole industry.  If they don't make major changessoon the entire industry will be closed andall cars will be imported.  A bailout  will not work f they...

Let the Auto Industry Go Bankrupt

Mitt Romney Makes a good argument why American Taxpayers should not Bail out the Auto industry.  Bankruptcy would make the Auto industry restructure through the Court System allowing them to negotiate it's...

Us Car Bail-Out Fails in Senate

Even after getting nod from house of representative, The $14 billion bailout plan for the US auto industry has been rejected in the Senate Thursday night giving a big jolt to hopes of  the struggling big...

Auto Bailout Close To Being a Done Deal

US politicians met Tuesday night to work out the details of a proposed $15 billion bailout of the big three automakers.Congressional Democrats have proposed giving enough cash to General Motors and Chrysler to get...

Harry Reid says Congress Will Vote on $15B Auto Bailout, Despite Republican ...

Senate Majority Leader, Harry Reid says there will be a vote on the Auto Bailout dispite Congressional Republican Opposition.  The vote will be today or Wendsday."Congress and the White House are working...

Bush Admits That The Big Three May Not Survive

Current United States President George W. Bush had weighed in on the fate of the "Big Three" that encompasses General Motors, Ford, and Chrysler.  Bush said that the Big Three may not survive to see next...

Ford Motor Company Statement on Proposed Congressional Automotive Industry Bill

I offer the following straight off the Ford PR presses."DEARBORN, Mich., Dec. 8 – As we told Congress, Ford is in a different position. We do not face a near-term liquidity issue, and we will not be seeking a short term bridge loan. But Ford fully supports an effort to...

Democrats, White House Haggle over Auto Bailout Plan

Congressional Democrats and White House staff hashed out the details of a plan for the Big 3 Auto Bailout over the weekend, hoping to solidify a bill that would allow roughly $15 billion in loans to General...
 

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