Even as there seems to be a consensus that it's in the best interests of America to save the Big Two-and-a-half, there's a conflict about what the UAW ought to be forced to do in exchange for government assistance to the car companies.
One of the most frustrating aspects of the potential Lordstown closing is the fact that the efforts of the union and the company at the plant represent, in some ways, an answer to the industry's many critics.
I just want to know if America really thinks that the average Joe Six Pack Blue Collar Autoworker makes $70 bucks an hour? Or do you think this is a number being thrown around to make the UAW and the Big 3 look ridiculous?
Starting on Friday, Chrysler is closing all of their plants for a period of 30-days. Ford will shut down 10 of its plants for an extra week in January
I must admit that when the danger of a global financial implosion became apparent in March with the taxpayer-backed takeover of Bear Stearns by banking giant JPMorgan Chase, I did not understand how all those worthless Wall Street credit swaps really could be the fault of an ove …
In Detroit, Sen. Carl Levin, D-Mich., said he expects General Motors to get $8 billion and Chrysler $7 billion from the Bush administration. He said Paulson likely would be tapped as a "car czar" to oversee restructuring of the companies
It may be that General Motors, Chrysler and Ford are lumbering, Jurassic beasts that deserve their looming extinction.
"today's piece by Paul Krugman referred to Senator Bob Corker of Tennessee as "the Senator from Nissan."
Capitalism: An economic system in which capital goods, land, and resources, are owned, operated and traded by private corporations or individuals for the purpose of profit. This idea no longer exists in America.
This article and hopefully subsequent discussion is dedicated to the hard working UAW members either directly for the BIG 3 or other suppliers that are directly or indirectly affected by the future of American Owned Auto Makers and their friends and supporters.
While silk-suited billionaires on Wall Street get billions to save their golden nests, Congress won't lend a dime to save middle-class workers whose only crime was trusting the Government to use their tax dollars to help them!
What you may not know is that congress is not simply bailing out the auto industry, they are also increasing the pay of federal judges. That's right, at a time when the economy is in the midst of a recession and unemployment is climbing, judges will get a raise.
The Senate failed to come to the aid of the Big 3 last night as America's last chance for financial hope in 2008 fell asleep.
An eleventh-hour effort to salvage a proposed $14 billion rescue plan for the auto industry collapsed tonight as Republicans and Democrats failed to agree on the timing of deep wage cuts for union workers, killing the legislative plan and threatening America's carmakers with bank …
Despite the crisis facing the industry, the German automaker hopes to boost its US sales with the help of a $1 billion (€762 million) investment in a Chattanooga factory that will produce midsize cars.
Barack Obama may be a self-anointed and media-anointed "agent of change," but the truth is that with respect to economic policy, there's not a dollar's worth of difference between him and Bush (and an ever depreciating dollar at that).
The US government could own equity stakes in the country's ailing car manufacturers under the terms of a sweeping bail-out plan being considered by the White House last night. The draft "auto rescue" bill submitted by congressional leaders would see the government receive equity …
"A chorus of "too big to fail" plays in the background as the federal government pumps some $700 billion into failing financial institutions. The nation's Big Three automakers wait in line for another $17 billion.
"American automakers lag behind Japanese companies like Honda and Toyota in mass-producing green vehicles. (The Toyota Prius and Honda Civic Hybrid lead the hybrid market).
European Union gets it. The list of countries with Car makers is long and they seem to understand far better than the US what the industry provides by contributing the millions of jobs and blue collar security for their nations. How about others? How about America?
Almost 60% of GM's autoworker are employed outside the USA. These divisions are making a profit.
The Steam Engine is an option that I think few have looked at for an alternative to gasoline. I've seen a lot of people suggesting huge new Mass Tranportation systems, but we've done that already.