Full Text Of The Not-So-Big Three Automaker Bailout Bill

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?… » 12/08/08 4:50pm 12/08/08 4:50pm

Report: GM, Chrysler Consider Bankruptcy For Federal Bailout Loan

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. » 12/04/08 8:40am 12/04/08 8:40am

President-Elect Obama: No Blank Check For Automakers

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 … » 11/24/08 2:30pm 11/24/08 2:30pm

GM Spam Campaign Begs Saturn Owners For Help

In attempts to tap their customer base for assistance in avoiding this Financiapocalypse » 11/18/08 4:30pm 11/18/08 4:30pm, 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. …

Barack Obama Will Not Meet Rick Wagoner Without Preconditions

Barack Obama took time away from talking about his mother-in-law » 11/18/08 10:30am 11/18/08 10:30am and to talk about the automaker bailout in an interview on CBS' . While admitting Detroit needs help, he said it's important to make sure it's conditioned on the stakeholders (labor, suppliers, execs) coming up with a plan for a sustainable domestic…

President Bush Rumored To Consider Handing Over $25 Billion Loan…

MSNBC » 11/11/08 10:50am 11/11/08 10:50am is reporting President-current Bush has said he'll consider amending the automaker low-interest loan guarantee program to allow the automakers to get the money right now and use it for whatever they need. The decision is being made because many economists say helping US automakers is a big part of preventing…

Government May Delay $25 Billion For Automakers Until Mid-2010

Apparently the Department of Energy is really slow when it comes to writing checks, as the Detroit News » 9/26/08 3:30pm 9/26/08 3:30pm now reports that Detroit automakers may not get their recently approved until mid-way through 2010. DOE spokesperson Healy Baumgardner said "there are a number of legal and administrative requirements with which the …

Official Car Pundit Drinking Game: Begging For Billions Edition

Time to fire up your Friday afternoon flasks again for the Official Car Pundit Drinking Game » 9/12/08 2:00pm 9/12/08 2:00pm as CNBC has asked the boss to gab about the proposed . Tune in to "Street Signs" at 2:20 to watch as he repeatedly corrects the talking heads who will call it a bailout instead of a loan the taxpayers will probably profit from.…

Automakers To Hit Congress Hard This Month For Loans That Aren't A…

After a nasty summer of sliding sales » 9/08/08 8:30am 9/08/08 8:30am and eroding market share, domestic automakers are planning to lobby the US Congress for $50 billion in low-interest government loans. The companies claim the money would allow them to modernize plants and develop new fuel-efficient vehicles; ordinarily, automakers would have…