The AP reports that as of last night, chances of a GM/Ford/Chrysler bailout by the American people have diminished.
While automakers want the taxpayer-funded cushion to get through a “bleak and dangerous December,” members of Congress have been attacked by their constituents for agreeing to the previous $700+ billion Wall Street bailout. Apparently, “Bailout fatigue has [...]
Archive for November, 2008
Bailout Would Be $50 Billion, Not $25 Billion
November 18th, 2008
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GM Bailout
Tags: automakers bailout, Big Three bailout, Chrysler bailout, Ford bailout, GM, GM Bailout, Honda, Toyota
Americans Think Twice About Bailing Out GM and Automakers
November 18th, 2008
Reuters reports that Americans are thinking twice about bailing out American car companies, feeling that a bailout would encourage bad business practices and make it harder to reform the companies for the better.
Congressional Democrats have proposed a $25 billion bailout of car companies, including GM (General Motors), Ford and Chrysler. They are hoping to pass [...]
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GM Bailout
Tags: Big Three bailout, car companies bailout, Chrysler bailout, Ford bailout, General Motors bailout, GM Bailout
Profile of Rick Wagoner, GM CEO
November 17th, 2008
The New York Times profiles GM CEO Richard Wagoner, who is asking for federal bailout money and not considering bankruptcy for General Motors. He also refuses to step down from his post, even if that increases the chances that GM can receive the funds. A Duke and Harvard Business School grad, Wagoner said of the [...]
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GM Bailout