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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Big Three

Big Three stories: 79 news summaries

21 - 40 of 79 Stories | << Prev 1 2 3 4 Next >>

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(Newser) - Automakers got hammered again last month, with Detroit’s Big Three all reporting big sales drops today. Ford’s light-vehicle numbers were down 41%, the AP reports; General Motors’ fell 44.7% and Chrysler’s 39.3%, the Wall Street Journal adds. Foreign manufacturers weren’t immune, either, with Toyota’... More »

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Chrysler • Toyota • General Motors • Ford • Volkswagen • Big Three • auto sales • US automakers

Auto Plan Drives GOP in Different Directions

Parochial concerns results in a less-than-unified response

Mar 31, 09 8:46 AM CDT
(Newser) - Republicans were caught off guard by Obama’s auto moves yesterday, and they responded in wildly different ways, Politico reports. Some complained the president hadn’t been hard enough on GM and Chrysler, while others groused that he’d been harder on them than he’d been on Wall Street.... More »

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Barack Obama • Republican • General Motors • Detroit • auto industry • Big Three • auto bailout

Obama's Auto Crackdown Worries Bailed-Out Banks

After Wagoner ousting, financials fear similar fate

Mar 31, 09 8:12 AM CDT
(Newser) - After the Obama administration kicked out GM’s boss and said two of the Big Three automakers may benefit from bankruptcy, CEOs of banks bailed out by the government are wondering if there's a bull's-eye on their backs, the Washington Post reports. The risk of such a crackdown has been... More »

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CEO • bank • auto industry • Big Three • Rick Wagoner • Vikram Pandit • bailout • Obama administration • auto bailout • Ken Lewis

(Newser) - President Obama will likely approve billions of dollars more in loans to General Motors and Chrysler on Monday, but attach a deadline for union and bondholder concessions to help the automakers survive, insiders tell the New York Times. Obama's auto task force will also keep government-managed bankruptcy as an option... More »

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Barack Obama • Chrysler • General Motors • Big Three • auto bailout

7,500 Hourly UAW Workers
Take GM Buyouts

The total is now 60,500 buyouts since '06

Mar 26, 09 10:49 AM CDT
(Newser) - General Motors has convinced 7,500 unionized, hourly workers to accept buyouts and exit the company as early as next week, the Wall Street Journal reports. The automaker offered $20,000 in cash and $25,000 car vouchers—far less than previous offers—in this latest round of cuts to... More »

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General Motors • Detroit • buyout • Big Three • US automakers

ANALYSIS

 Detroit Bailout Proposals: 
 Disappointing, Incomplete 

Chrysler, GM offer no plans to get people to buy their cars

Feb 18, 09 10:50 AM CST
(Newser) - GM and Chrysler now want another $22 billion from Washington—and propose to use dramatic job cuts to help right their respective ships. What both companies avoid, writes economist Susan Helper for the New Republic, is an appraisal of the real problem: Nobody wants to buy their cars. Rather than... More »

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Chrysler • United Auto Workers • General Motors • Ford • labor unions • Big Three • auto bailout

(Newser) - GM will cut 10,000 jobs this year, including 3,400 in the US, the Wall Street Journal reports. The cuts represent 14% of GM’s salaried workforce overall, and 12% in the US. Most of those lucky enough to survive the axe will get a 3%-7% pay cut,... More »

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General Motors • Detroit • unemployment • auto industry • Big Three • job cuts

 Chinese Sell More Cars 
 Than US Automakers 

In January, for the first time ever, more vehicles were sold in China than the US

Feb 5, 09 7:18 AM CST
(Newser) - China’s domestic auto industry managed to sell more cars last month than US automakers for the first time ever, reports the Wall Street Journal. GM said 790,000 vehicles were sold there in January, eclipsing the 657,000 sold in the US. But, experts say, the economic slump... More »

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China • Chery • auto industry • Big Three • auto sales

Analysis

 Just What Is an 'American' Car? 

As automakers expand globally, just what helps US economy most?

Jan 26, 09 11:02 AM CST
(Newser) - Lawmakers hoping to give a boost to the American economy by investing in the auto industry might get as much bang for their buck by sinking money into Honda or Toyota as they would Ford, Chrysler, or General Motors, the Wall Street Journal notes. The auto industry has become too... More »

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Chrysler • General Motors • Ford • auto industry • Big Three • Japanese auto industry • Made in America • financial crisis

Ford to Offer Self-Park Cars; Kerkorian Sells Stake

New Lincoln MKS models will park themselves in effort to woo car buyers

Dec 30, 08 10:19 AM CST
(Newser) - Ford plans to offer two models with a self-parking function at the Detroit auto show next month, the Wall Street Journal reports, in the continuing effort to woo buyers with new technology. But  the company's image among investors remains tarnished, as billionaire Kirk Kerkorian confirmed yesterday that he sold his... More »

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Kirk Kerkorian • Toyota • Detroit • Ford • auto industry • Big Three • hybrid car

(Newser) - The Big Three automakers are broke and begging for cash, but that's typical when you're from Detroit, Matt Labash writes in The Weekly Standard. He prepped for his visit to Dysfunction Junction by reading nightmarish stats: The city has 10,000 unsolved murders; its deficit is as high as... More »

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Detroit • debt • poverty • Big Three • auto bailout

OPINION

This Ain't Charity: Detroit Must Win Consumers Back

Americans will get back on board if auto giants prove they can make good cars again

Dec 19, 08 4:51 PM CST
(Newser) - With a $17.4 billion bailout in hand, Detroit must now turn toward restructuring and making the cars America needs, Mark Phelan writes in the Detroit Free Press. “To win back American buyers’ respect,” Phelan continues, “the automakers must show the aid package was a sound investment,... More »

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Chrysler • General Motors • Detroit • fuel efficiency • Ford • auto industry • Big Three • auto bailout • Mark Phelan

GM, Chrysler May Win Loan Deal as Soon as Today

Talks on Thursday brought automakers nearer to bailout, sources say

Dec 19, 08 7:16 AM CST
(Newser) - In a round of talks running into the night, GM and Chrysler made headway in securing emergency loans from the federal government yesterday, Reuters reports; the package, expected as soon as this morning, would demand wholesale restructuring of the automakers, including more concessions from unions and creditors. The talks continued... More »

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Chrysler • bankruptcy • General Motors • Ford • Big Three • bailout • financial crisis

GM Picks Mets Over Yankees for Ad Dollars

Cash-poor automaker wants toehold in NYC but 'can't do both'

Dec 16, 08 4:14 PM CST
(Newser) - General Motors, citing the poor economic climate and its shortage of cash, has declined to renew its sponsorship of the New York Yankees, Bloomberg reports. The struggling car manufacturer will, however, re-up with the New York Mets. “We still want a presence in New York and we can’t... More »

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New York Mets • New York Yankees • General Motors • auto industry • Big Three • baseball • corporate sponsorship • financial crisis • economic downturn

ANALYSIS

Why Asian Automakers Don't Want Detroit to Fail

Big Three bankruptcy would disrupt supply chain, further sour US economy

Dec 16, 08 11:01 AM CST
(Newser) - As Detroit’s Big Three await word on the fate of their much-needed bailout, an unlikely group of supporters has assembled in their corner: foreign automakers. A collapse of General Motors, Ford, or Chrysler would devastate overseas manufacturers as well, CNNMoney reports, spreading bankruptcy to suppliers around the globe and... More »

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Chrysler • Toyota • General Motors • Detroit • Honda • Nissan • Ford • auto industry • Big Three • Tata Motors • bailout • financial crisis

 Bush: Auto Bailout
'Not Ready' 

Deal seems to be grinding gears

Dec 15, 08 3:58 AM CST
(Newser) - The federal auto industry bailout appeared to be stuck in neutral as President Bush warned today that a deal is not imminent. "We're not quite ready to announce that yet," Bush told reporters on a plane to Afghanistan. Lawmakers expected the administration to quickly reallocate part of the... More »

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Bush administration • US economy • auto industry • Big Three • bailout • job • George W. Bush • financial crisis • Wall Street bailout • auto bailout

(Newser) - The defeat of the Detroit bailout bill by Senate Republicans is seen by some in Washington as a preemptive strike against organized labor, the Los Angeles Times reports. The GOP framed their opposition partly as a message to the United Auto Workers, claiming high wages were the cause of Detroit’... More »

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Congress • United Auto Workers • Detroit • GOP • Big Three • bailout • organized labor • auto bailout

 Meet the GOP's 
 Auto Bailout Busters 

A union-busting, foreign-car loving crew is holding up Detroit's rescue 

Dec 13, 08 2:15 PM CST
(Newser) - With Nissan, Toyota, Volkswagen and other foreign factories dotting the I-65 corridor stretching from Kentucky to Alabama, southern Republican senators relished this week's chance to take a swing at Detroit and the UAW simultaneously. The "bailout fell victim to a nasty confluence of home-state economic interests and anti-union sentiment,... More »

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Toyota • Mitch McConnell • Nissan • Richard Shelby • auto industry • Big Three • Bob Corker • auto bailout

As GOP Stiffens, Auto Bailout Prospects Hit the Skids

McConnell, GOP move further away from supporting Detroit aid

Dec 11, 08 3:59 PM CST
(Newser) - As Republican resistance to the $14 billion auto-industry bailout mounted, proponents flogged today's dismal unemployment figures to bolster their case, Politico reports. Mitch McConnell abandoned the White House, which continued to push the bill; the Senate minority leader unexpectedly said the measure "promises taxpayer money today for reforms that... More »

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Chrysler • General Motors • Mitch McConnell • Ford • auto industry • Big Three • bailout • auto bailout

OPINION

No More Bailouts, Detroit or Otherwise: Learn the Lesson

Yes, there will be pain, but saving irresponsible companies bad for US future

Dec 11, 08 12:41 PM CST
(Newser) - Given the failure of the Wall Street bailout, to think doing the same for Detroit would help the auto industry and America in the long run is fantasy, Kevin O’Brien writes in the Cleveland Plain Dealer. The only thing that will help is to feel the pain. “No... More »

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Congress • Wall Street • Detroit • auto industry • Big Three • bailout • financial crisis • auto bailout

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