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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: Big Three

Big Three stories: 79 news summaries

61 - 79 of 79 Stories | << Prev 1 2 3 4

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 Slump May Doom 
 Clean Energy Initiatives 

Some nations could fall back on fossil fuel

Nov 25, 08 12:25 PM CST
(Newser) - Just as global warming initiatives were gaining serious momentum around the world, the financial crisis looks like it's undermining both the political will and the math that support them, the New York Times reports. With gas prices plummeting, US automakers may be scaling back investment in new technology. In Europe,... More »

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climate change • Barack Obama • global warming • coal • fossil fuel • green energy • clean energy • Big Three • T. Boone Pickens • economy • solar panels • wind farm

OPINION

Tough Love Only Option as Detroit Loses Friends

Fading support on both sides of party divide leaving Big Three in the slow lane

Nov 25, 08 6:14 AM CST
(Newser) - The retooling of America's political landscape has left Detroit painfully short on friends and settling for "tough love"—or no love at all—these days, Gerald F. Seib writes in the Wall Street Journal. Foreign automakers building plants in red states have become cozy with GOP lawmakers, while... More »

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auto industry • Big Three • US automakers • bailout

Obama Team Weighs Streamlined Auto Bankruptcy 

A 'prepackaged' plan likely would include government financing, take less time

Nov 21, 08 10:55 AM CST
(Newser) - Barack Obama’s transition team is looking at a streamlined, “prepackaged” bankruptcy for the Big Three automakers, Bloomberg reports. In a “prepack,” the companies already would have financing lined up when they go to court, and would have to reach agreements with banks, workers, and suppliers. The... More »

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Barack Obama • Chrysler • General Motors • Ford • Alan Mulally • Robert Nardelli • auto industry • Big Three • Rick Wagoner • bailout • transition team • President Obama • prepackaged bankruptcy

 UAW Eyes Give-Backs 
 to Help Big 3 Bailout 

Union ready to make concessions to secure industry loan

Nov 21, 08 7:55 AM CST
(Newser) - The United Auto Workers appears to be easing off its “no more cuts” stance. The union is negotiating a swath of concessions it hopes will convince Congress to loan money to the Big Three, starting with the elimination of its controversial jobs bank, the Detroit Free Press reports.... More »

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Congress • United Auto Workers • Detroit • auto industry • Big Three • bailout

OPINION

 Big Three Worse 
 Than Somali Pirates 

Extortion done right in Detroit

Nov 20, 08 1:37 PM CST
(Newser) - Detroit’s pleas for a bailout sound an awful lot like blackmail to Bloomberg’s Mark Gilbert. Let GM fail, CEO Rick Wagoner told Congress, and the “level of economic devastation would far exceed” what Detroit is asking for. In other words, give us what we want, or the... More »

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Chrysler • General Motors • Detroit • Ford • Big Three • Rick Wagoner • bailout • financial crisis

OPINION

What a Detroit Bankruptcy + Bailout Should Look Like

And what the bailout might look like

Nov 19, 08 10:14 AM CST
(Newser) - Barack Obama isn’t in the Oval Office yet, but he’s already passed his first presidential test “with flying colors,” in Steven Pearlstein’s book. With Democrats ready to roll over for the not-so-big three, and Republicans stonewalling, Obama broke the stalemate with just the right bankruptcy-then-bailout.... More »

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Barack Obama • auto industry • Big Three • bailout • Steven Pearlstein • President Obama • auto bailout

Foreign Automakers Could Fill Detroit Vacuum

But gov't risks big job losses if Big Three fail

Nov 17, 08 9:50 AM CST
(Newser) - If Detroit’s “Big Three” do collapse, foreign-owned automakers would be able to pick up the slack, industry experts tell the New York Times. These foreign giants have a big enough US presence to swiftly take over the industry and its supplier network, but the transition would likely... More »

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Toyota • Detroit • Honda • auto industry • Big Three • BMW • Japanese auto industry • bailout

Let's Divert 
Green $$$ to 
Aid Autos: 
White House 

Perino slams Dem plan to use bailout money

Nov 14, 08 7:45 PM CST
(Newser) - The White House urged Congress today to prop up the Big Three automakers with $25 billion in federal funding—and nix environmental provisions attached to that money, the Wall Street Journal reports. Approved last year, the dollars were designated to help carmakers convert to more fuel-efficient vehicles. Now they can... More »

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Big Three • US automakers • bailout

OPINION

 Bailout? Detroit 
 Needs a Brain 

US auto industry needs to re-learn how to innovate; Mich. lawmakers not immune, either

Nov 12, 08 10:28 AM CST
(Newser) - The appalling prospect of a $25 billion bailout for Detroit automakers—“ an industry that became brain dead”—has Thomas Friedman, writing in the New York Times, outraged. He blasts “a very un-innovative business culture, visionless management, and overly generous labor contracts” for the mess, and heaps blame... More »

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Detroit • innovation • auto industry • Thomas Friedman • Big Three • bailout • financial crisis

OPINION

 Detroit Needs 
 Green Deal 
 or No Deal 

If we bail out the auto companies, let's do it on our terms

Nov 12, 08 9:01 AM CST
(Newser) - If we’re going to bail out the auto industry, writes Joseph Romm in Salon, let’s do it right. Detroit’s Big Three have spent years fighting tooth and nail against the very innovations that could save them: higher fuel efficiency and hybrid-electric cars. Detroit has “been suicidally... More »

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Detroit • auto industry • Big Three • hybrid car • bailout

Detroit Bailout Highlights an Industry That's Moved On

'Big Three' sink while other carmakers swim

Nov 10, 08 9:59 AM CST
(Newser) - The government seems poised to bail out the auto industry, but there are two auto industries, writes Joseph White in the Wall Street Journal. There’s the unionized, drowning Big Three, stuck with ancient product strategies and huge retiree health obligations, and the non-unionized, mostly healthy foreign-owned manufacturers. This... More »

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Chrysler • General Motors • Ford • auto industry • Big Three • Japanese auto industry • bailout

Congress' Big Auto Bailout Mired in Red Tape

Money coming later rather than sooner

Oct 22, 08 9:59 AM CDT
(Newser) - Detroit's $25 billion loan is sitting in Washington, the Washington Post reports, and may take more than a year to distribute, despite the auto industry's increasing desperation for the cash. The Energy Department, which was tasked with doling out the money, says various legal and administrative requirements will drag... More »

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Congress • Detroit • Carl Levin • auto industry • Big Three • red tape • loan • auto bailout

Auto Giants Press Congress for $25B Loan

Credit pinch, oil prices could cost thousands of jobs, execs say

Sep 18, 08 9:43 AM CDT
(Newser) - The CEOs of US auto giants seem to have convinced some in Congress they, too, need billions in federal loans, the Detroit Free Press reports, though it’s uncertain if they’ll get the $25 billion they’re asking for. High oil and commodity prices and tightened credit threaten jobs... More »

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Chrysler • General Motors • Ford • lobbying • auto industry • Big Three • loan • bailout • federal loans • job

In Need of Big Ideas,
Ford Thinks Small

Company may move some production of small cars to US

Jul 19, 08 4:28 PM CDT
(Newser) - Ford Motor Company will be repurposing some of its US plants to manufacture smaller, more fuel-efficient cars, the Wall Street Journal reports. As rising gas prices drive falling sales of behemoths like the F-150, insiders say the company will move toward making more of the passenger cars, like the Mondeo,... More »

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fuel efficiency • Ford • gas prices • Big Three • small cars

 GM May Cut More
 Jobs, Brands 

Only Cadillac, Chevy deemed safe as automaker struggles to return to profitability

Jul 7, 08 9:01 AM CDT
(Newser) - GM is considering slashing thousands of white collar jobs, while simultaneously selling off or discontinuing even more brands, the Wall Street Journal reports, in a furious attempt to return to profitability. For years GM has resisted shrinking its large stable of brands, even as rivals Ford and Chrysler committed to... More »

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layoffs • General Motors • Chevrolet • auto industry • Big Three • Cadillac • Hummer

Pickup Sales Plummet to 10-Year Low

Trucks can't pull their weight as gas prices rev up, housing stalls

Apr 9, 08 7:35 AM CDT
(Newser) - US pickup truck sales tumbled in March, hitting their lowest level in nearly a decade. The Big Three all reported double-digit percentage drops in sales this month—the Dodge Ram was down 26%—and large pickups represented barely more than 10% of the auto market. High gas prices added fuel... More »

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housing market • General Motors • Ford • gas prices • Big Three • auto sales • US automakers • Ford F 150 • pickup trucks

Raptors No Match For Celts' Juggernaut

Indiana defeats surprising Orlando; Rockets win at NJ

Dec 7, 07 11:23 PM CST
(Newser) - The franchise with 16 NBA championships got its 16th win in 18 games tonight, blowing out Toronto 112-84, reports the Globe and Mail. Boston improved to 10-0 at home and dominated the shorthanded Raptors throughout, shooting 53% and getting the usual solid performance from Kevin Garnett with 23 points. The... More »

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NBA • basketball • New Jersey Nets • Houston Rockets • Orlando Magic • Indiana Pacers • Boston Celtics • Jason Kidd • Big Three

(Newser) - Automakers are predicting a mildly soft sales year for 2008, but analysts warn a “poverty effect” caused by an imploding housing market could send US light auto sales skidding as much as 9.4% to their worst year since 1993, Reuters reports. “I’m just not sure how... More »

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Chrysler • General Motors • Detroit • automaker • Ford • auto industry • Big Three

GM Talks Resume With Optimism

Marathon yesterday yielded progress
on financing for health-care trust

Sep 17, 07 12:42 PM CDT
(Newser) - Talks between GM and UAW reps resumed late this morning after a 16-hour session that ran to 3am and came close to an agreement on the key issue of shifting heath-care costs to a union-run trust.  Both sides confirmed good progress, and employees are on the job today, despite... More »

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United Auto Workers • General Motors • Detroit • auto industry • Big Three • contract

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