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Breaking: Auto Bailout Fails in the Senate
11:10 p.m. EST: The Senate just voted down the widely known auto "bailout" bill. From everything discussed it appears the UAW was willing to concede to pay parity as a condition for the bill to go through without any negotiation. There are currently no plans for another bill before the end ...
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Bailout Stalls; Chrysler Faces Uncertain Future With or Without FundsKickingTires
Senate Republicans effectively drew a line in the sand this afternoon against passing a bailout bill for domestic auto companies. This halted any call for a vote today in the Senate, with plans to call for a vote slated for early tomorrow, Friday. This comes on the heels of news this ...
Auto Bailout Update: Morning-After EditionKickingTires
In case you haven’t turned on the radio, TV or read one news website this morning, the controversial auto bailout bill failed in the Senate last night. That leaves a lot of people wondering about the future of the industry, the stock market (down 130 points as of 10:30 a.m. EST) and ...
Auto Industry Bailout Update: $15 Billion EditionKickingTires
The biggest news about a potential auto industry bailout is the fact that there is potential for a bailout . Congressional leaders, the Bush Administration and others are working on a plan that would put $15 billion towards keeping GM and Chrysler afloat until President-elect Obama takes ...
Rumsfeld's decision a "direct cause" for POW abuse, says bipartisan Senate reportBoing Boing
A bipartisan Senate report concluded that decisions by Defense Secretary Donald H. Rumsfeld were a "direct cause" of inhuman treatment of POWs. The report, endorsed by Democrats and Republicans on the Senate Armed Services Committee, is the most forceful denunciation to date of the role ...
Auto Bailout UpdatePR News:
U.S. automakers did not get the result that they had hoped in Congress, so now have to wait for the White House to provide this lifeline bailout. These next few days are a nail biting time for the big three. General Motors Corp. and Chrysler LLC, as they all face imminent collapse; Ford Motor ...
The House of Representatives approves auto bailout legislationPR News:
General Motors Corp, Ford Motor Co, and Chrysler LLC., will now feel a little less pressure, as the House of Representatives has approved the bill to bailout the big three U.S. automakers. The bill was being negotiated by the Bush administration and the Democrats; it managed to clear the House ...
Tesla Needs a Government Bailout Too [Tesla]Gizmodo
Tesla, the electronic auto maker , has just stated that it needs a $350,000,000 government loan in order to produce their upcoming four-door Model S Sedan . CEO Elon 'Manly' Musk says the company either needs federal backing or capital market backing, which will take a year or two to recover ...
9 car technologies that could save DetroitDVICE Atom Feed
The U.S. government is wrapping up its haggling over a bailout of the auto industry, and since We the People are shelling out at least $15 billion to the Big Three auto makers, let's dictate tough terms to them before we hand over the cash. Let's require them to build in some serious ...
Auto Bailout Senate Hearing Wrap-UpKickingTires
After sitting through nearly six hours of Senate hearings today about bailing out the Detroit 3, it’s time to reflect and recap. All of these items are in loose terms, and in no way can we go into the depth of all six hours. You can do that yourself tonight on C-SPAN, when it re-airs ...