Senators skeptical of helping ailing auto industry
Detroit's Big Three CEOs and the president of the United Auto Workers drew a skeptical reaction from senators this afternoon as they urged quick passage of $25 billion in emergency government-loans. Sen. Chris Dodd, chairman of the Senate Banking Committee, supports passage of the funds from the $700 billion Wall Street bailout fund but delivered a tongue-lashing to automakers.
Tuesday, November 18, 2008
Redesigned 2010 Ford Mustang pulls together best parts of previous models
Scott Burgess: Ford did it. The previous generation Mustang helped revive the nameplate when it arrived in 2004. And many critics, including myself, have wondered how the redesigned 2010 Mustang might fare. Would Ford use a deft hand to improve the iconic machine or somehow screw it up? - 11/18/2008
Big 3 unlikely to get aid from $700B bailout package
WASHINGTON -- The Democrats' plan to carve out $25 billion from the $700 billion Wall Street rescue package was all but dead Tuesday, while the Senate's top Republican endorsed the White House call to rewrite the rules speeding up the Energy Department's retooling program. - 11/18/2008
Howes: Political titans clash in auto loan war
Daniel Howes: Detroit's bailout battle in Washington, shifting this week into high gear, is about more than the survival of three automakers. - 11/18/2008
Ford to slash Mazda stake to raise cash
Ford Motor Co. will sell most of its stake in Japan's Mazda Motor Corp. in an effort to strengthen its balance sheet in the face of a deepening global financial crisis. - 11/18/2008
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David Shepardson: Sen. Robert Bennett, R-Utah, is a GM owner. "I own a '96 Oldsmobile -- sorry Mr. Wagoner, it's working just fine," Bennett said to GM's … Continued
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- Ford to slash Mazda stake to raise cash - 06:58 AM
- Ford introduces 2010 Mustang at LA Auto Show - 06:54 AM
- GM shows 3 new models for China - 04:53 AM
- GM to sell stake in Suzuki to raise cash - 09:30 AM
- MGM Mirage CEO to retire amid question over degree - 06:59 AM
Business
- Gas prices take dip below $2
- Tom Greenwood: All lanes on 11 Mile open after upgrade
- Traffic fines help fill city coffers
- Tom Greenwood: Incorrect I-75 sign to be replaced soon
Cops' jobs tied to ticket totals
Police officers in Metro Detroit are often ordered to write a certain number of moving violations -- but chiefs issuing those edicts are careful not to use the "Q" word. - 5:52 pm
- An America without manufacturing becomes a starkly divided society
- Scott Burgess: Speedtacular outlook: 2009 Lamborghini LP560-4 joins Gallardo family with a furious frenzy
- John McCormick: Consumers are keys to carmakers' comeback
- '31 Studebaker gets a 'Cinderella' makeover
Low and slinky Volkswagen CC has much to recommend it
When the subject is styling, Volkswagen is the alpha and the omega of vehicle manufacturers. - 1:00 am
- CyberSurvey: Do you like the new Mustang?
- Video: Tour the redesigned 2010 Mustang
- Photos: The redesigned 2010 Ford Mustang
- GM CEO says company needs help, but is competitive
- Mulally to urge Congress to move quickly to help automakers
- Italy, Germany say no auto aid for now
- White House won't give autos aid from Wall Street rescue package
- Gettelfinger: Wage, benefit cuts unjustified
- Paulson still opposes using TARP funds
- There is 'one too many' automakers, Bank of America CEO says
- GM exec says opening UAW contract might be necessary
- Mulally defends Ford operations
- Chrysler teams with German company on Marysville axle plant
Redesigned 2010 Ford Mustang pulls together best parts of previous models
Scott Burgess: Ford did it. The previous generation Mustang helped revive the nameplate when it arrived in 2004. And many critics, including myself, have wondered how the redesigned 2010 Mustang might fare. Would Ford use a deft hand to improve the iconic machine or somehow screw it up? - 5:52 pm
Chrysler CEO says company has $6.1 billion in the bank
WASHINGTON -- Chrysler LLC burned through $5 billion in the first nine months of the year, the company's chairman and CEO told Congress today, adding that the company has just $6.1 billion left in the bank and will be "dangerously close" to running out of money by the end of the year. - 10:22 pm
Detroit mayor heads to D.C. to seek help for Big Three
DETROIT -- Mayor Kenneth Cockrel Jr. will be in the nation's capital on Wednesday to press for aid to the auto industry and attend a whirlwind of meetings with leaders of the Michigan's congressional delegation and the executive director of the U.S. Conference of Mayors. - 4:57 pm
Ficano buys ads in D.C. to support auto loans
DETROIT -- Wayne County Executive Robert Ficano has purchased $10,000 worth of radio ads in support of the automakers' bailout pitch. - 4:57 pm
Nardelli: If pushed into bankruptcy, Chrysler may not emerge
WASHINGTON -- Chrysler LLC CEO Robert Nardelli will tell U.S. lawmakers that, unless the Auburn Hills automaker receives assistance, it could run short of cash to run its operations, according to an advance copy of his remarks. - 3:30 pm
Exotic Italian cars blossom at Concorso Arizona
SCOTTSDALE, Ariz. -- Concorso Arizona began in 2001 as a parking lot filler staged in conjunction with the Gautier Classic, a vintage car rally organized by the very upscale local jeweler, Scott Gautier. Funny thing, however, was that after the rally cars left the streets of downtown Scottsdale for their drive, spectators stayed around to continue their admiration of the Ferraris and other Italian cars taking part in the Concorso. -- Nov. 15, 2008
