This is The Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place at 9:30 AM. Or, you could spend all day waiting for other sites to parse it out to you one story at a time. Isn't your time more important?
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.
Back in 2009, Barack Obama made a gutsy move at the beginning of his presidency. He used his political capital on an $82 billion gamble to put General Motors and Chrysler through bankruptcy, and deal with a bunch of collateral issues surrounding the auto industry.
If you've only been paying casual attention to the problems General Motors is wrestling with at Opel, this might make you sit up and pay attention.
A few things you didn't know about Vice President Joe Biden and cars: His dad had GM and Chrysler dealerships (while he, as a U.S. citizen, owns parts of GM and Chrysler). He once borrowed a Chrysler 300D for his prom, and the Secret Service won't let him drive his 1967 Corvette.
Earlier this week, an automotive blogger took to the pages of the New York Times to argue that the Detroit bailout didn't work. Why can't the New York Times op-ed page find writers who know anything about the auto industry?
In the depths of the financial collapse, the U.S. Federal Reserve pumped $3.3 trillion into keeping credit moving through the economy. It eventually lent $57.9 billion to the auto industry — including $26.8 billion to Ford, Toyota and BMW.
Standing in the Kokomo, Indiana Chrysler plant, President Obama said the lesson of 2009's auto industry bailout is not to bet against Americans, who are experts at turning billions of dollars of loans into a modest profit. Full advice below.
A German company is battling with a Japanese one to become the world's biggest automaker. Italians own Chrysler. It's like World War II except we're losing. So why are Republicans suddenly on the side of the automotive Axis powers?
Jay Lamm, founder of the $500-per-car-max 24 Hours Of Lemons, has extended his own bailout plan to American automaker CEOs. Will they take him up on his offer?
Thank you Chrysler for taking taxpayer money and applying it where it is truly useful: Movies. Chrysler plans to bombard us with product placement (please, not the Sebring) in the upcoming Terminator: Salvation.
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.
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…
We spent the night reading the the not-so-Big Three's business plans presented yesterday to Congress and after we graded them below, we've one huge question. Given the Carpocalypse, what's with the overwhelmingly optimistic sales projections for the next three years?
Chrysler was the last of the not-so-Big Three to reveal their plan for long-term viability with an ask of $11 billion to sustain operations into the new year. But for what?