auto industry

Who Will Gain If Big 3 Carmakers Denied Bailout

Offbeatnews — Tue, 02 Dec 2008 12:32:17 -0600

The Big Three need the bailout. They’re meeting with Congress today, armed with recovery plans and hope. Auto industry officials are pleading with Congress for a $25 billion government loan. If the Big 3 is denied the bailout, the Chinese auto market will become the dominant auto industry.

Auto Makers Leave Congress Empty-Handed

admin_huliq — Thu, 20 Nov 2008 11:16:51 -0600

Lawmakers deadlocked on a plan to bail out the Big Three automakers, leaving General Motors facing the prospect it could run out of cash before a new Congress can come to the rescue next year.

Flying Private Jets To Seek Auto Bailout

admin_huliq — Wed, 19 Nov 2008 21:13:12 -0600

Something is wrong with the U.S Automotive Industry. It seems that either the carmakers need to change the way they make cars in USA or the car companies may need to change the CEOs or the management, as the CEO's flew to Washington D.C. to seek 25 billion bailout in private jets.

Harvard Economist Advocates Auto Bankruptcy

admin_huliq — Wed, 19 Nov 2008 15:07:42 -0600

Harvard Economist Martin Feldstein Advocates Auto Bankruptcy, But Auto Bailout Next Year Is More Likely.

Failing Auto Industry Has Domino Effect On Suppliers

Offbeatnews — Tue, 18 Nov 2008 20:08:06 -0600

Suppliers stand to go belly up if the auto industry fails. Small and medium sized businesses may go out of business if a federal rescue package is not approved soon.

Europe Looking How U.S. Will Bailout The Car Industry

admin_huliq — Tue, 18 Nov 2008 16:00:17 -0600

EU officials are taking a close look at how the United States is helping its ailing auto industry.

Paulson: Help Banks, Not Automakers, Homeowners

admin_huliq — Tue, 18 Nov 2008 12:39:21 -0600

U.S. Treasury Secretary Henry Paulson opposes a plan by Democrats to use some of the $700 billion financial rescue package to bailout the auto industry and troubled homeowners.

Lawmakers Consider Aid To Struggling Auto Companies

admin_huliq — Mon, 17 Nov 2008 16:31:52 -0600

U.S. lawmakers are considering ways to help America's struggling auto industry, which has suffered from rising fuel costs and the shrinking economy.

Obama Urges Support For U.S. Automakers While Industry Is Hostage

admin_huliq — Tue, 11 Nov 2008 10:11:41 -0600

President-elect Barack Obama, meeting President Bush yesterday at the White House, urged Bush to extend an aid package (WashPost) to automakers by giving them access to some of the Treasury Department's $700 billion economic rescue program.

Changchun auto industry output value to grow 21%

kellywang — Wed, 22 Oct 2008 06:52:42 -0500

Changchun, a major manufacturing base of China's auto industry in northeast China's Jilin Province, is expected to see its gross output value of automotive industry reach 245 billion yuan ($35.9 bn), up 21% from a year earlier, the Xinhua news agency reported Tuesday.

Kerkorian Accumulating Ford

admin_huliq — Mon, 28 Apr 2008 18:51:11 -0500

After trying to unsuccessfully enact changes at GM three years ago, Kirk Kerkorian has turned his attention to Ford, acquiring a minority stake and bidding for 20 million shares at $8.50.

Nissan Opens New Flagship Dealer

mohammad — Thu, 27 Dec 2007 00:51:13 -0600

Nissan Motor Co., Ltd., today announced its production, sales and export figures for November.