You are hereFeed aggregator / Categories / Categories / Mopar News
Mopar News
Congressional Democrats putting off vote on auto industry bailout, want industry business plan
newsday.com - 34 min 23 sec ago
WASHINGTON (AP) _ Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable. "Until they show us the plan, we cannot show...
Categories: Mopar News
Cautious reaction on Wall St. to auto bailout plan
newsday.com - 35 min 23 sec ago
Hopes that lawmakers could extend relief to the troubled auto industry eased some of investors' worries about the economy today but stocks were volatile as prospects for a deal remained murky. A bipartisan group of senators reached a compromise to...
Categories: Mopar News
UAW president says Bush, Congress must agree on auto bailout, inaction would be 'devastating'
newsday.com - 47 min 23 sec ago
DETROIT (AP) _ United Auto Workers President Ron Gettelfinger urged Congress and the Bush administration to act immediately on loans for U.S. automakers, saying one or more of them could collapse by the end of the year without it. Gettelfinger spoke at a...
Categories: Mopar News
Stocks reverse early losses on hopes for compromise on emergency loans for auto industry
newsday.com - 59 min 23 sec ago
NEW YORK (AP) _ Hopes that lawmakers could extend relief to the troubled auto industry eased some of investors' worries about the economy Thursday but stocks were volatile as prospects for a deal remained murky. A bipartisan group of senators reached a...
Categories: Mopar News
Dems are postponing crucial vote on auto bailout
newsday.com - 1 hour 35 min ago
Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable. "Until they show us the plan, we cannot show them the money,"...
Categories: Mopar News
Bipartisan group tries to revive auto bailout
newsday.com - 1 hour 37 min ago
A bipartisan group of auto-state senators reached a last-ditch compromise today to throw Detroit's Big Three a government lifeline worth billions, but the plan faces an uphill battle in a reluctant Senate. With the auto bailout stalled, the fate of...
Categories: Mopar News
UAW head says inaction on bailout 'not an option'
newsday.com - 1 hour 43 min ago
United Auto Workers President Ron Gettelfinger urged Congress and the Bush administration to act immediately on loans for U.S. automakers, saying one or more of them could collapse by the end of the year without it. Gettelfinger spoke at a Detroit...
Categories: Mopar News
White House plan wins out in Congress
allpar news - 1 hour 47 min ago
The Republicans and Democrats have reportedly agreed that instead of providing new aid to automakers, they would strip out gas mileage requirements from the already-approved $25 billion in loans to the domestics. Instead of demanding high-efficiency vehicles and conversion of older factories, Congress will, under this package, demand limits to executive pay, a bar on [...]
Categories: Mopar News
GMAC files for bank holding status
newsday.com - 2 hours 11 min ago
GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan. GMAC said the change in status would shore up its...
Categories: Mopar News
GMAC applies to become bank holding company, qualify for federal aid
newsday.com - 4 hours 47 min ago
DENVER (AP) _ GMAC Financial Services has applied to become a bank holding company, which would allow General Motors' financing arm to be eligible for aid under the government's $700 billion bank rescue plan. GMAC said Thursday the change in status would...
Categories: Mopar News
Analyst: Chrysler has the most potential - for Canada
allpar news - 5 hours 11 min ago
The Windsor Star wrote about an American manufacturing consultant’s plan for a Canadian rescue package for Chrysler. Sandy Munro, an analyst of Troy, Michigan, wrote that Canada should bail out Chrysler alone, on the condition that the company moves its corporate headquarters to Windsor, Ontario, using a building Chrysler already owns. The engineering and technical [...]
Categories: Mopar News
Oil briefly below $50 as investors fear worst global economic slowdown in decades
newsday.com - 5 hours 44 min ago
Oil prices plunged over $3 Thursday, briefly dipping below $50 a barrel as 16-year high U.S. unemployment figures and plummeting stock markets caused investors to price in lower crude demand. Light, sweet crude for December delivery was down $3.25 to...
Categories: Mopar News
Ford shuffles manufacturing executive lineup
newsday.com - 6 hours 22 min ago
Ford Motor Co. has pulled an executive back from Europe to run its North American factories in an effort to free the current manufacturing chief to focus on standardizing the automaker's operations across the globe. James Tetreault, 52, currently vice...
Categories: Mopar News
Jeep Beats Nissan and Mitsubishi in Customer Satisfaction Index
jeepnewsnow.com - 7 hours 13 sec ago
Do you see it? I can do it just as well as Chrysler, LLC can! I can take absolutely terrible news and spin it into a positive headline. Let's forgot for a moment that there are over 30 other brands of vehicles that ranked higher than Jeep. In my...
Categories: Mopar News
Oil falls below $53 as investors fear worst global economic slowdown in decades
newsday.com - 8 hours 34 min ago
Oil prices fell below $53 to almost a two-year low Thursday as investors, worried by plummeting stock markets, priced in lower crude demand as the global economic downturn shapes up to be the worst in decades. Light, sweet crude for December delivery was...
Categories: Mopar News
Big 3 automakers appeal to the public to support their bailout, using ads and online videos
newsday.com - 9 hours 2 min ago
The Big Three automakers are taking a page out of their unions' playbooks as they deploy grassroots tactics to drum up public support for the proposed $25 billion auto industry bailout, which is on precarious ground in Washington, D.C. "Mobilize Now!"...
Categories: Mopar News
Michigan worries about doomsday scenario if domestic automakers fail or shrink significantly
newsday.com - 9 hours 58 min ago
LANSING, Mich. (AP) _ A quarter-century ago, Michigan's monthly unemployment rate hit 17 percent and so many laid-off workers left the state that bumper stickers asked, "Will the last one leaving Michigan please turn out the lights?" Fears of a replay...
Categories: Mopar News
Big 3 automakers make bailout case to the public
newsday.com - 10 hours 41 min ago
The Big Three automakers are taking a page out of their unions' playbooks as they deploy grassroots tactics to drum up public support for the proposed $25 billion auto industry bailout, which is on precarious ground in Washington, D.C. "Mobilize Now!"...
Categories: Mopar News
Bailout with a price: Chapter 11 bankruptcy
newsday.com - 11 hours 5 min ago
Mention a corporate bailout in the nation's capital these days and chances are someone will offer a harsh condition to go along with it. Chapter 11 bankruptcy. Lately, the term "prepackaged bankruptcy" has been gaining currency in the halls of...
Categories: Mopar News
