The Richmond Times-Dispatch of Virginia eulogizes Detroit and its auto industry:
“Once one of the nation’s biggest and most vibrant cities, Detroit has become a shell. Vast stretches of urban desolation break the heart. Industrial cities have declined generally. Detroit displays its wounds most vividly.
How different things were when the automobile industry fueled American prosperity. Efficient [...]
Archive for January, 2009
Richmond Times-Dispatch’s Eulogy for Detroit
January 14th, 2009
Published in
Big Three, Car industry
Tags: Detroit, Detroit automakers
GM may close 500 dealerships this year
January 13th, 2009
According to Bloomberg, GM has a goal of cutting 1,700 dealerships by 2012. As auto sales plummet, the company has no choice but to close up shops. The Durham, NC GM Cadillac dealership has recently consolidated with the Durham Chevrolet.
Published in
Uncategorized
GM May Want Another Bailout in March 2009
January 11th, 2009
GM’s CEO Rick Wagoner announced that while GM has funds to continue through March 2009 due to the loans granted to it by the US and Canadian federal governments, GM may want to seek another federal bailout at that time.
Published in
GM Bailout
Detroit Auto Show Subdued This Year
January 10th, 2009
It’s usually a premiere showcase for concept vehicles– cars that drive sideways and other amazing vehicle feats that will most likely never see a showroom floor. There’s usually about two dozen vehicles on display, but this year the Detroit International Auto Show will only see about 10 vehicles on display.
Those 10 vehicles are more down-to-earth [...]
Published in
Big Three
Tags: Detroit Auto Show
Head of CAW Urges UAW Not to Accept Wage Cuts
January 9th, 2009
Ken Lewenza, head of Canadian Auto Workers (CAW), urged the UAW not to accept any cuts in wages or benefits during United Auto Workers’ upcoming negotiations with the Big Three auto companies in light of the financial problems facing the industry and the $17.4 billion bailout offered to the auto companies by the Bush administration.
Lewenza [...]
Commentary: “Cutting Wages Won’t Solve Big Three’s Problems”
January 8th, 2009
In a commentary on the front page of a local free newspaper, The Triangle Free Press, Mark Brenner and Jane Slaughter write:
In the 1980s, Chevrolet proclaimed itself the “Heartbeat of America,” but today the American auto industry barely registers a pulse. As Washington considers Detroit’s plea for life support, the only place where pundits, politicians [...]
Published in
Big Three