
I can not tell a lie - I got this in an email. It does make you think
This is from an article in the St. Petersburg Times Newspaper on Sunday.
Dear Mr. President,
"Dude, Where's Our Cars?" Obama's 31 Yr. Old GM CzarSource: Weapons Of Mass Distraction blog
This whole situation is even more bizarre than we thought. It's like the United States government is caught inside the plot of The Hudsucker Proxy — a patsy has been put in charge to deliberately ruin the country so investors can buy it up for pennies on the dollar.
Congress Needs to Intervene on Auto BailoutSource: The Nation
The Chrysler and General Motors restructuring processes, which will result in an unprecedented number of auto plant closings in the United States, the layoffs of tens of thousands of auto workers and of an estimated 100,000 employees of auto dealerships has the potential to deliv …
Auto Bailout Blues: Spin, Lies and LayoffsSource: The Nation
The madness of the approach adopted by the Johnson and Nixon administrations to war in Vietnam was summed up by the American major who said after the destruction of the Vietnamese village of Ben Tre: "It became necessary to destroy the village in order to save it."
The madness o …
GM, union clash as bankruptcy looms for auto giantSource: Yahoo! News
"The UAW strongly objects to GM's restructuring plan because it essentially means that GM will be shifting more of its manufacturing footprint from the US to Mexico, Korea, Japan and China," UAW legislative director Alan Reuther wrote in a letter to Congress.
Chrysler Bankruptcy Plan Is Announced Source: The New York Times
President Obama forced Chrysler into federal bankruptcy protection on Thursday so it could pursue a lifesaving alliance with the Italian automaker Fiat, in yet another extraordinary intervention into private industry by the federal government.
GM CEO Says Bankruptcy 'Probable' - washingtonpost.comSource: The Washington Post
General Motors chief executive Fritz Henderson said the automaker still intends to restructure its business outside of bankruptcy, but a filing is still "probable" given all the concessions it must achieve with such a short deadline.
Look who wants to protect a GM plantSource: The Detroit Free Press
Sen. Bob Corker, R-Tenn., was a vocal critic of the domestic auto industry bailout. He wanted GM to declare bankruptcy and force UAW wage cuts, stating the company needed to restructure to remain viable.
No Nominee Yet for Secretary of RustproofingSource: The Washington Post
As the briefing went on, Gibbs tried to close the deal. "You know, Chevy Malibu was the 2008 Motor Trend Car of the Year or North American Car of the Year," he repeated.
GM Asks For 12 Billion MoreSource: The New York Times
DETROIT — General Motors told the federal government Tuesday that it needed to increase its loan request to $30 billion, $12 billion more than it had initially sought in order to avoid a bankruptcy filing.
Toyota Hits The BrakesSource: Forbes
With demand falling, the automaker will halt production at its Japanese factories for 11 days.
Worst Sales Performance of Any Car: Toyota PriusSource: TreeHugger
one cannot, as so many of the commenters in my earlier post did, just say that GM was stupid and Toyota was smart, and that the American car industry should roll over and die and make room for those innovative Japanese and German car makers. Look at the numbers.
Toyota Expects Its First Loss in 70 Years Source: The New York Times
TOKYO — Toyota Motor, the Japanese auto giant, said Monday that it expected its first operating loss in 70 years, underscoring how the economic crisis was spreading across the global auto industry.
Bush Gives Emergency Loans to AutomakersSource: The New York Times
President Bush announced $13.4 billion in emergency loans on Friday to prevent the collapse of General Motors and Chrysler, and said another $4 billion would be available for the hobbled automakers in February.