GM Knew Pontiac Was On The Ropes Before The Feds Ordered It Killed

Over the weekend, former General Motors Vice Chairman Bob Lutz dropped a bombshell on car enthusiasts and policy wonks when he revealed for the first time that the federal government told GM to drop Pontiac or they wouldn't get a bailout. Enthusiasts may balk, but this was the common sense idea — and even GM knew it. » 10/29/13 2:50pm 10/29/13 2:50pm

Detroit Mayor Says “Not Yet,” When Asked About Federal Bailout

The city of Detroit is in a bad, bad way. Its austerity-driven emergency manager Kevyn Orr finally took the city into bankruptcy earlier this week, nullifying several municipal contracts and essentially looking to push the reset button on an entire working-class American city. » 7/21/13 7:58pm 7/21/13 7:58pm

Everyone's Using The "B-Word" Except The Not-So-Big Three

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… » 12/05/08 2:00pm 12/05/08 2:00pm