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more about #financiapocalypse more comments → .357: I guess they got CLOBBERED more » Trembler: Sorry to rant.. Futurists have predicted this downturn for years. We are coming off the longest sustained economic growth in history. Long and sustai... more » bmoreDLJ: One bright sentiment: if the economy can knock off enough Mercury, Buick, Pontiac, and GMC dealers, GM may be able to more easily shed those redundant... more » Jo Schmo: hmmm they should just park all those orphaned chargers on these abandoned car lots, duh more » faster, Tobias!: Er, waiter! There's politic all over this Jalopnik you brought me. I can't swallow it. No, don't bring me more of the same. Instead I'll have some gre... more » jduffy13: Not even Hyundai can save someone selling the American brands. American cars are like the kiss of death to a dealer! If you are a dealer and can survi... more » Jo Schmo: Shopping for a Pre-Owned dealership?Click here to visit our virtual store more » Stranger than most: How in fuck do you screw over the economy this bad, and not get tried for treason... at least this time it close enough to home so that bozo bush gets... more » Das ASHloch (achtundsiebzig): Kind of sad that Hyundai was probably a footnote to his total sales. I just read last night that the Sonata is up 85% in sales vs. January 08. And the... more » smalleyxb122: Even the Carpocalypse is bigger in Texas. more » leavethegun-takethecannoli: This is getting very sad. I was waiting to buy a new car to get a better deal, and now I'll have less time to wait. more » damnelantra™: just got my save detroit shirt. woot more » Van Sarockin, rogue trebuchet: What DFWguy said... It would be great if SAAB could break free of the dead weight of GM that I can't see having benefited them much at all. And GM su... more » MushyHeirloom: I'm telling you, Saab, Volvo, one company. Give Saab the weird performance stuff, and Volvo the safe-as-a-vault family haulers. It could work. more » Pessimippopotamus: Does Sweden know that it can probably buy them for the same price? more » -
#carpocalypsenow
Lawrence Marshall Chevy, Dodge, Ford: Another Massive Texas Auto Dealership Closes
The Lawrence Marshall Dealerships sold not-so-Big Three and Hyundai products in a 40-acre complex in southeast Texas. Known for selling a lot of Ford and Chevy trucks, it was sadly clobbered by the Carpocalypse. More » -
#carpocalypsenow
Sweden Creates $3.4 Billion Meatball For Volvo, Saab
The Swedish government has created a $3.4 billion (28 billion kronor) support package including credit guarantees and rescue loans for Volvo and Saab, hours after the US approved their own aid package. Børk! Børk! Børk! -
#carpocalypsenow
White House Loan Deal For Not-So-Big Three Is "Bankruptcy Lite"
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. -
#carpocalypsenow
Not-So-Big Three "Bailout" Loan Agreement Could Come Today
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. -
#carpocalypseswag
Save The Not-So-Big Three...With T-Shirts!
The "Save GM" t-shirt went over so well, we decided to expand the not-official Jalopnik store offerings to now include the rest of the not-so-Big Three with Save Ford and Save Chrysler t-shirts plus an exclusive Save Detroit t-shirt. In these trying times, one needs to be sporting a kitschy t-shirt and frankly, because once you're let go from your job, you'll find more time to wear them. Buy all four and be instantly transformed into Captain America!* But get 'em now below the jump before Ford, Chrysler and GM attorneys forget this is parody and try to shut us down. Operators are standing by. -
#carpocalypsenow
How The Not-So Big Three Rolled Into Washington, D.C.
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. -
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#carpocalypsenow
GM's Rick Wagoner Arrives At Capitol
GM CEO Rick Wagoner just showed up to Capitol Hill driving the Chevy Volt mule. No clue where the other CEOs are. More » -
#carpocalypsenow
Grading The Not-So-Big Three's "Bailout" Plans
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? -
#carpocalypsenow
Chrysler Needs $11 Billion To Make It Until The Imaginary 2009 Product Lineup Refresh
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? -
#carpocalypsenow
GM Sends Congress Plan Asking For $12 To $18 Billion, "Alternatives" For Saturn Brand
GM's response to the congressional ultimatum, just released, outlines a need for $12 billion in loans, plus potentially $6 billion later, and plans to reach profitability by pursuing "alternatives" to the Saturn brand and making Pontiac even less desirable.
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#carpocalypsenow
Eleven Ways The UAW Is Like Congress
So we're sitting here in the press room of the LA Auto Show thinking about Carpocalypse Now, the fight for loans from Congress and thinking to ourselves — you know the UAW and Congress? They're really not so different from each other. It's almost like looking in a mirror. A freaky state fair carnival mirror, but a mirror nonetheless. Here's our list of the top eleven similarities between these two seemingly disparate groups. More »
