Canucks Kick in $3.3 Billion to Help Detroit Subsidiaries
Dec 20, 2008
TORONTO - December 20, 2008: Canadian Prime Minister Stephen Harper announced that the Canadian federal and Ottowa government will provide $4 billion (Canadian dollars) in emergency loans to their subsidiaries of General Motors and Chrysler. As in the U.S., Ford didn't request any specific financial assistance just a l ... Continue reading
Dec 19, 2008
SAN FRANCISCO - December 19, 2009: Nationally known radio talk show host personality Michael Savage has been making quite a loud argument this afternoon that the reason for President Bush's decision to; a) forego "free-market" principles (even though he is a "free-market" president) and to act socialistically, and b) p ... Continue reading
GM Gets $9.4 Billion and Chrysler $4 Billion in Bridge Loans from U.S.
Dec 19, 2008
WASHINGTON - December 19, 2008: After a final late-night negotiation session, the White House has announced a plan that will provide $13.4 billion to two of the three Detroit Automakers with the possibility of an additional $4 billion in February. Some early details are confusing, with words making it sound like $13.4 ... Continue reading
GM Chrysler Merger Talks Reopen
Dec 18, 2008
December 18, 2008; Ajay Kamalakaran writing for Reuters reported that General Motors (GM - News) and Chrysler have reopened merger talks, as Chrysler owner Cerberus Capital Management (CBS.UL) has signaled its willingness to give away part of its ownership in the auto maker, the Wall Street Journal said, citing people ... Continue reading
Vehicle-to-Pedestrian Communication May Lead to Safer Roads - VIDEO STORY
Dec 14, 2008
DETROIT - December 13, 2008: According to the National Highway Traffic Safety Administration, over 112,000 pedestrians and cyclists were injured and nearly 5,800 killed in traffic crashes in 2006. With new technology, the automotive industry hopes to help reduce those numbers. General Motors has been developing a two-w ... Continue reading
GM'S COMMITMENT TO THE AMERICAN PEOPLE
Dec 8, 2008
We deeply appreciate the Congress considering General Motors' request to borrow up to $18 billion from the United States. We want to be sure the American people know why we need it, what we'll do with it and how it will make GM viable for the long term. For a century, we have been serving your personal mobility needs, ... Continue reading
GM says it "disappointed" and "betrayed" consumers
Dec 8, 2008
DETROIT December 8, 2008; Kevin Krolicki writing for Reuters reported that General Motors Corp on Monday unveiled an unusually frank advertisement acknowledging it had "disappointed" and sometimes even "betrayed" American consumers as it lobbies to clinch the federal aid it needs to stay afloat into next month. The pri ... Continue reading
Nov 27, 2008
Wednesday November 26, 7:21 pm ET NEW YORK November 26, 2008; Jonathan Stempel writing for Reuters reported that the automaker General Motors Corp is mulling whether to shed its Pontiac, Saab and Saturn brands, as well as its Hummer brand, as part of a plan to win $12 billion of U.S. government loans, Bloomberg News sa ... Continue reading
Why It's Essential for Congress to Provide Financial Stimulus to the U.S. Auto Industry
Nov 26, 2008
The Fate of the Industrialized World Hangs In the Balance This Is Not Merely Issue of Protecting a Segment of the Work Force; itâs an Issue of Societal Progress By Marc J. Rauch Exec. Vice President/Co-Publisher Innovation has almost always been the stimulus to advance human civilization. Sometimes the innovations ... Continue reading
2008 Saturn Astra 5-door XR Review
Nov 23, 2008
THE AUTO PAGE By JOHN HEILIG SPECIFICATIONS Model: 2008 Saturn Astra 5-door XR Engine: 1.8-liter DOHC 4 Horsepower/Torque: 138 hp @ 6300 rpm/125 lb.-ft. @ 3800 rpm Transmission: 4-speed automatic Wheelbase: 102.9 in. Length/Width/Height: 170.5 x 69.0 x 57.4 in. Tires: P205/55R16 Cargo volume: 12.2/44.7 cu. ft. ... Continue reading
Denying Big Three a Bailout Can Be a Historic Opportunity to Get America off Oil and Save Detroit
Nov 18, 2008
By Edwin Black The impulse to accede to political pressure and jobs blackmail from the Big Three for a $25 billion bailout offers America a historic turning-point opportunity. This is the countryâs chance to both reform the auto industry and ignite a massive shift off of oil in one master stroke. How? The $25 bill ... Continue reading
Tax Breaks Coming For Electric Cars
Nov 3, 2008
<p><i>An overlooked part of the $700 billion bailout provides an incentive for consumers looking to purchase green cars. WASHINGTON DC October 31, 2008; The AP reported that Plug-in electric vehicles from General Motors and Toyota are not expected to hit showrooms for more than a year, but when they arrive, the first b ... Continue reading
EPA Releases 2009 Most and Least Fuel Efficient Cars, SUVs, Vans and Trucks
Oct 16, 2008
Washington DC October 15, 2008; The EPA and U.S. Energy Department yesterday issued the 2009 fuel economy guide which is dominated by international makes. The overall fuel economy leader is still the Toyota Prius, rated at 48 mpg in the city and 45 on the highway. The smart car, which arrived in the United States last ... Continue reading
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