The Detroit Free Press just published compensation figures for the CEOs of GM, Ford and Fiat-Chrysler. And let’s just say: if you’re a Bernie Sanders supporter, you might want to look away.
There's a whole lot of dick-measuring happening right now on how half-ton trucks stack up on power, fuel economy, payload, and maximum towing capacity. Here's your guide to decoding what every US automaker's truck in this class is really putting down.
Remember CarandDriver's April Fools' prank? The one that made the magazine relevant for the first time in years? It's caused NASCAR to set down the Natty Light and consider a future without not-so-Big Three sponsorship.
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 $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") by a vote of 237-170. It's morning again in America. Well, at least until the Senate gets involved tomorrow.
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. The Senator from Vegas is so unhappy he's willing to gamble on a real bankruptcy occurring while he tries to figure out how to make a pre-packaged bankruptcy occur. But don't think Ensign's making his decision on high-minded…
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?…
A bailout bridge loan plan for the not-so-Big Three drawing emergency aid from an existing pool of $25 billion for green vehicle R&D and including a Cabinet-level oversight board could come as early as today.
With all this talk of corporate jets, slumming it on road trips and idling hybrids, it’s easy to lose track of the human cost of Carpocalypse Now. Has anyone thought of the standard of living adjustment the Big 3 CEOs will have to take when their salaries are cut from tens of millions to a paltry $1-per-year? One man…
We know it's the middle of the day, but it's Friday and we ain't got shit to do other than watch this three-ring not-so-Big Three circus. Luckily, a friend sent in an idea for a drinking game. Their rules below the jump, let's make up some of our own in the comments.
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.