Remember CarandDriver's April Fools' prank
Remember CarandDriver's April Fools' prank
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]
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.
The Carpocalypse draws nigh after Senate Republicans lanced last night's bailout
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.
The US House approved the Auto Industry Financing and Restructuring Act (aka, "Bankruptcy Lite
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.
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.
Sen. John Ensign (R-Nevada) told CNBC this morning he's not happy with the auto 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?…