CNBC's Erin Burnett calls GM "zombie" on Today Show. [CNBC]
A man who took $25,000 cash to a New York-based Zanetti Jeep dealership to purchase a new Wrangler Unlimited was told Chrysler "no longer needs the money" and asked to finance instead. Really? Really.
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.
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?…
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.