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Laid-Off Workers Occupy Chicago Factory
Workers who got three days' notice that their factory was shutting its doors have occupied the building and say they won't go home without assurances they'll get severance and vacation pay. ...more
December 6, 2008
Lawmakers, Bush Race To Get Auto Bailout Deal In Place
Facing massive job losses, the White House and congressional Democrats are negotiating a deal to provide about $15 billion in loans to prevent Detroit's weakened auto industry from collapsing. ...more
December 6, 2008
Locals Divided Over Helping Automakers
President George W. Bush argued again on Friday for the proposed $34 billion bail out of the country's Big Three automakers, but congressional support was reported as lukewarm, with no specific plan among many options emerging as likely to pass soon. ...more
December 6, 2008
Auto Execs Push Bailout, But Votes Still Aren't There
WASHINGTON - A top Chrysler executive warned Wednesday that a carmaker collapse could send the economy spiraling into a depression, while the United Auto Workers agreed to new concessions for their companies. ...more
December 3, 2008
A Tough Auto Market? Not If You're A Maserati Exec
LOS ANGELES (AP) - With the United States all but certainly in a recession and many skittish consumers hesitant to buy even a cheap compact, it would seem the last thing anyone would need is a $400,000 Rolls-Royce Phantom. ...more
November 30, 2008
Big 3 Face Tight Deadline
When Chrysler teetered on the brink of bankruptcy in 1979, the automaker spent months building support for a $1.5 billion loan guarantee that helped save the company and tens of thousands of jobs. ...more
November 24, 2008
The Art Of Begging And The Big 3
The homeless beggar near the office was smoking a cigarette and had a pack in this shirt pocket as he offered his cup for a handout. ...more
November 24, 2008
The Big Three And The Rule Of Begging
The homeless beggar near the office was smoking a cigarette and had a pack in this shirt pocket as he offered his cup for a handout. ...more
November 23, 2008
A Tough Auto Market? Not If You're A Maserati Exec
With the U.S. all but certainly in a recession and many skittish consumers hesitant to buy even a Honda Accord, it would seem the last thing anyone would need is a $400,000 Rolls-Royce Phantom. ...more
November 21, 2008
U.S. Automakers Beg Congress For $25 Billion 'Bridge'
Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, warning of a national economic catastrophe should they collapse. ...more
November 18, 2008
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