An artist calling himself "Lunchbreath" has put together eight rather amusing proposals for the big-wigs at the Detroit automakers to consider. We like this one: sending up-armored Saturn Vues abroad for funny-looking military duty. [Core77]
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?…
As is true for all tragedies, the Carpocalypse and subsequent failure of the U.S. automakers has encouraged a wide array of reactions ranging from overwhelming patriotism to over-exaggerated panic. We look at the five most common responses below.
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.
Representative Shelley Moore Capito, R-West Virginia, lacking any desire to make a contribution to the not-so-Big Three hearings, decided to inject some levity into the proceedings by naming all of the vehicles her family's owned including a Chrysler station wagon named "Chick Magnet" but then quickly apologized. Why?
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 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 not-so-Big Three learned from their corporate travel mistake deciding to drive to D.C. this week for testimony before Congress. Thanks to our man on the scene, here's a look at the cars they chose and their meaning.
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.