Beginning Friday December 19th Chrysler will go into shutdown mode. Chrysler had originally announced a two week shutdown, but has extended it. All 30 Chrysler plants will be closed until mid to late January. Dealers say they are unable to close sales with buyers and the economic problems could result for 20-25% of those sales. Although, this shutdown [...]
“Very likely” is what the The White House said about a deal with congress concerning the auto bailout. Although no formal proposal has been made yet, the $15 billion deal could be made Monday.
Chris Dodd told Good Morning America that GM CEO Rick Wagoner should consider stepping down. Many are in agreement with Dodd and [...]
I must admit I don’t think it’s very pretty but, according to both Motor Trend and Automobile magazine, Nissan’s Nurburgring bomb seems to be automobile of the year.
The GT-R, with it’s double blown 3.8 liter V-6 (VR38DETT in Nissan talk) making 480 hp and 430 lb-ft of tarmac slinging churn, has been dubbed as the [...]
The Quick Rundown
$18 billion, $9 billion and $7 billion is what automakers GM, Ford and Chrysler went to congress on Thursday asking for. The original $25 billion has now climbed to $34 billion. ”A bailout is definitely needed but I am highly skeptical this would be the end.” That is essentially what Mark Zandi, chief economist [...]
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It started with the $700 billion bailout in October, and now the big three automakers in Detroit are begging the government for their own $25 billion bailout.
Where do we as taxpayers and a country draw the line?
When did it [...]
