Ford says that it has enough cash on hand to not need a bailout from the federal government as GM and Chrysler have said they do, but it has urged lawmakers to bail out its two Detroit-based American competitors and to bail out the auto supply industry.
Ford urged the federal government to take a more [...]
Archive for January, 2009
Ford Urges Feds to Help Sell More Cars As It Pares Its Operations
January 31st, 2009
Ford, Toyota, Honda Post Record Losses
January 31st, 2009
They may not have taken bailouts from the United States government, but that doesn’t mean that Ford, Toyota and Honda are not experiencing the industry-wide crunch as consumers stop buying new cars.
Honda announced today that it experienced a 90% drop in revenues for the third quarter of 2008. Honda’s December car sales fell 35% in [...]
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Car industry, Ford bailout
NPR Science Friday: Philadelphia High Schoolers Make Affordable, 100 MPG Car
January 30th, 2009
Make that an affordable, plug-in electric car that achieves 100 miles per gallon “that a schoolteacher can afford.” That’s the claim, anyway, of Simon Hauger, a former West Philadelphia High School teacher who has worked over many years with his science students to develop and build 100-mpg cars and appared on NPR’s Talk of the [...]
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Big Three, Car industry
NPR’s Ira Flatow: Will GM Be Around in Two Years?
January 30th, 2009
On today’s Talk of the Nation, NPR host Ira Flatow interviewed Matthew Doude of EcoCAR, which is working on a plug-in hybrid similar to the Chevy Volt.
Flatow asked Doude what would happen if GM wasn’t around in two years, and Doude said he would love to take over production of the Chevy Volt if that [...]
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GM Bailout
Price Tag for Complying with California’s 45 MPG Mandate: $100 Billion
January 29th, 2009
The Detroit News editorializes about President Obama allowing “the most environmentally goofy states– such as California and Vermont” to implement regulations governing mileage per gallon above those required by the EPA.
The newspaper writes:
“Meeting the whims of California’s regulators will cost Detroit’s Big Three more than $100 billion, according to David Cole of the Center for [...]
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Big Three, Car industry
Towns Bailing Out Local Dealerships, Starting in Victorville
January 27th, 2009
While some might have thought the federal bailout dollars for GM and Chrysler would trickle down to local dealerships, that hasn’t been the case for many dealerships, which can’t acquire loans to operate during the credit crunch if they’re spurned by both banks and the parent car company.
Some cities achieve a large part of their [...]
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Chrysler bailout
Chrysler Gets $4 Billion Bailout, Will Sponsor Terminator 4 Movie
January 23rd, 2009
Michelle Malkin notes that Chrysler is proudly sponsoring Terminator 4, despite its receipt of $4 billion in federal bailout dollars.
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Chrysler bailout
Tags: Chrysler, Chrysler bailout
Operation Three Little Piggies Tracks Auto Executives
January 22nd, 2009
For those of you who want to keep up on constant news regarding the auto bailouts (in addition to GMBailout.com, of course!), “Operation Three Little Piggies” is tracking the moves of the Big Three’s executives following Chrysler and GM’s bailouts.
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Uncategorized
Chrysler Gives Fiat 35% In Exchange For Line of Small Cars
January 22nd, 2009
Chrysler agreed to give foreign company Fiat 35% of Chrysler stock in exchange for Fiat’s international network and expertise in making small cars.
In a letter to other shareholders, Chrysler CEO Robert Nardelli said that while Chrysler received no cash in the exchange, the company was hoping that the Fiat deal would make Chrysler strong enough [...]
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Chrysler bailout
Tags: Chrysler bailout
Progressive Auto X-Prize Wants Big Three to Participate
January 21st, 2009
The Progressive Auto X-Prize, a competition which will award $10 million to a team that can drive a car cross-country in a fuel-efficient vehicle that gets 100 miles to the gallon, has asked the Big Three automakers to participate in its fuel efficiency prize. As an incentive for participation from Chrysler, GM, and Ford, the [...]
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Big Three