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GM Hit Hard by Auto Crisis, $30.9B Lost, Worst Year Since 1982
General Motors Corp. announced its fourth quarter figures today and they were worse than expected. CFO Ray Young noted that GM will need as much as $30 billion in government aid just to stay out of Chapter 11.... GM, Chrysler, to Submit Turnaround Plans or Face Debt Recall
The automaker bailout watchdogs seem to have more teeth than their Wall Street counterparts as they call on Detroit to submit detailed viable turnaround plans or face a bailout debt recall, Tuesday. The Big 3... Toyota Struggling in Tough Economy, Seeks to Slash Worker Wages
Toyota may be stiff competition for American automakers but it is struggling to stay afloat in these tough economic times all the same. Early this week Toyota announced it would initiate an 11 day work stoppage by shutting down production at plants in Japan as part of...CEOs take private jets to beg for billions
American auto company CEOs flew to Washington on Wednesday to continue stating their case for billions of dollars in taxpayer bailout money. Their method of transportation, Private Jets, that have an estimated... Big 3 bailout: Ripple effect of inaction could cripple the US economy
The Big 3 automakers are asking Washington for bailout money and this has caused a tizzy of controversy, but the bottom line is that the ripple effect of government inaction could cripple the US economy and be...
created by Tina Kells | 1 year ago | updated 50 wks ago
3148 views | 23 recommendations | 10 comments
3148 views | 23 recommendations | 10 comments
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