US Auto Sales Jump 20 Percent In February
DETROIT — As more U.S. buyers head back into auto dealerships, automakers are jostling for their attention with sweetened deals.
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Study: Cash For Clunkers Impact On Economy Underestimated
Search online for “Cash for Clunkers,” and here’s one thing you’ll find: stories about its negligible overall impact on the economy.
Wrong, says Maritz Automotive Research Group.
Read MoreWhite House Questions Viability Of GM, Chrysler
President Barack Obama is sending a blunt message to Detroit automakers: To survive _ and win more government help _ they must remake themselves top to bottom. Driving home the point, the White House ousted the General Motors chairman as it rejected GM and Chrysler‘s restructuring plans.
Obama is set to elaborate on that message
Read MoreDetroit Automakers Await Deal On Auto Loans
Detroit automakers got public reassurance Monday from President George W. Bush that short-term government help for the industry is in the works and could come soon.
Read MoreBailout Dead, Automakers In Search Of Lifeline
Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse.
Read MoreMurky Future For Auto Rescue Amid GOP Opposition
A House-passed bill to speed $14 billion in loans to Detroit’s automakers stands on shaky ground in a bailout-weary Congress, undermined by Republican opposition that could derail the emergency aid in the Senate.
Read MoreWhite House, Congress Near Deal On Auto Bailout
A government “car czar” with the power to force U.S. automakers into bankruptcy would dole out $15 billion in emergency loans to the failing industry under an emerging deal between the White House and congressional Democrats.
Read MoreProgress Made In Bailout Plan For Big 3 Automakers
A bailout plan for the failing U.S. auto industry could include a Cabinet-level oversight board and a provision to withdraw the money if the overseers decide the companies are failing to take steps to overhaul themselves.
Read MoreHill Leader Says Jobs Report Argues For Car Rescue
The chairman of the House Financial Services Committee says the new bleak unemployment figures makes helping the nation’s beleaguered auto industry even more urgent.
Read MoreOPINION: Why The Bailout Money Should Pay For Reparations
Since reparations is an accursed term, I’m comfortable with just labeling it a “bailout” for now.
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