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An artist calling himself "Lunchbreath" has put together eight rather amusing proposals for the big-wigs at the Detroit automakers to consider. We like this one: sending up-armored Saturn Vues abroad for funny-looking military duty. [Core77] More »
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As President Obama today addressed his desire for the fuel-efficient cars of the future to be built here, the following news flash shot across the bottom of the screen. Ironic? A bit, yes. [CNBC] More »
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With the President mulling the use of TARP funds to help Detroit automakers weather the Carpocalypse, we thought it appropriate to show you these five Detroit industrial relics that didn't quite make it. More »
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The $14 billion House auto industry aid bill failed in the US Senate tonight. On a somewhat but not quite related note, GM hired bankruptcy advisors as the Carpocalypse draws ever closer. More »
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The US House approved the Auto Industry Financing and Restructuring Act (aka, "Bankruptcy Lite") by a vote of 237-170. It's morning again in America. Well, at least until the Senate gets involved tomorrow. More »
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People say "Detroit" deserves to fail. Maybe, but as you can tell by the map below of every manufacturing facility from the domestic automakers, they'll take pretty much the entire Midwest with 'em. More »
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The bailout loan's no longer just a $15 billion bridge loan for the not-so-Big Three to make it until the Obama administration, it's actually "bankruptcy lite." It's also a really good idea. More »
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Sen. John Ensign (R-Nevada) told CNBC this morning he's not happy with the auto bailout bill. The Senator from Vegas is so unhappy he's willing to gamble on a real bankruptcy occurring while he tries to figure out how to make a pre-packaged bankruptcy occur. But don't think Ensign's making his decision on high-minded principles. More »
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We're not usually ones for jamming our thumbs into our own eyes. Be that as it may, we're going to start sifting through the full discussion text of the automaker not-a-bailout bill entitled: "To authorize financial assistance to eligible automobile manufacturers, and for other purposes." Sounds thrilling, doesn't it? Read along with us here. More »
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As is true for all tragedies, the Carpocalypse and subsequent failure of the U.S. automakers has encouraged a wide array of reactions ranging from overwhelming patriotism to over-exaggerated panic. We look at the five most common responses below. More »
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A bailout bridge loan plan for the not-so-Big Three drawing emergency aid from an existing pool of $25 billion for green vehicle R&D and including a Cabinet-level oversight board could come as early as today. More »
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Representative Shelley Moore Capito, R-West Virginia, lacking any desire to make a contribution to the not-so-Big Three hearings, decided to inject some levity into the proceedings by naming all of the vehicles her family's owned including a Chrysler station wagon named "Chick Magnet" but then quickly apologized. Why? More »
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After scrutinizing not-so-Big Three CEO's testimony before the Senate yesterday to see who would and would not utter the dreaded "b-word" we noticed a pattern. Everyone was willing to publicly acknowledge the possibility except the chairmen of Ford, Chrysler and GM. If you don't say it, it can't happen right? hat tip to Shannon Donnelly! More »
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We know it's the middle of the day, but it's Friday and we ain't got shit to do other than watch this three-ring not-so-Big Three circus. Luckily, a friend sent in an idea for a drinking game. Their rules below the jump, let's make up some of our own in the comments. More »
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The not-so-Big Three learned from their corporate travel mistake deciding to drive to D.C. this week for testimony before Congress. Thanks to our man on the scene, here's a look at the cars they chose and their meaning. More »
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The CEOs of the not-so-Big Three made it to DC for committee hearings beginning today at 10:00 AM. According to Bloomberg's sources, GM and Chrysler execs are considering a pre-arranged bankruptcy (which we've already said is a good thing) as a last-resort of getting a multibillion-dollar government loan. More »
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The crew at Automobile's come up with ten cars lawmakers and pundits should keep in mind before letting the Carpocalypse consume the not-so-Big Three — and for once, it doesn't include the Ford F-150 or Chevy Corvette. More »
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One of the first questions President-Elect Obama received at a major economic press conference held today related to the auto industry and, after stock comment about the importance of the industry and the responsibility of the government to assure it doesn't vanish, Obama makes the point they can't simply write a "blank check" to an industry so historically "resistant to change." Obama essentially echoes the Congressional Dem's request for a not-awful plan and expresses disappointment with the no-so-Big Three for putting on a bad show in their testimony, which wasn't much better than the SNL sketch mocking it. Sadly, there was no mention of saving the shrinking auto journalism industry. [CNN] More »
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We wonder if the automakers wouldn't have such a hard time getting help, wouldn't be on the receiving end of an ultimatum, if they weren't such morons when it comes to presenting their case. All that being said, sometimes we wonder if the media isn't making them seem worse than they are. For example, Chris Matthews attmepts to go to a video of the Detroit CEOs testifying and that's not quite what they showed. You have to see it to believe it. [MSNBC] More »
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After some members of Congress excoriated the leaders of the not-so-Big Three for wasting money and not planning for their future, leadership from the Senate and House said they wouldn't give the automakers billions of dollars until they came up with a plan for not wasting money and setting up their own future. Welcome to Carpocalypse Now! It was basically the best solution that the lame duck Congress could come up with given that Turkey Day is around the corner and, like the UAW, Congress loves to take vacations. But why put it off? What's really happening? More »
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New York Congressman Gary Ackerman feasts upon a buffet of "delicious irony" as he asks the CEOs from the Not-So-Big Three to perhaps save some cash and fuel by using a single jet together rather than individual private jets from Detroit to D.C. to beg for bailout dollars from the Feds. We even hear Reagan National's got a diamond-festooned runway set up just for jetpoolers. [CNN] More »
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In attempts to tap their customer base for assistance in avoiding this Financiapocalypse, GM has emailed an unknown number of their product owners in an effort to get them to speak out to their local congressman regarding the pending bridge loan. We've intercepted one of these emails and have it posted below the jump. More »
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