Monthly Archives: December 2008
White House Signals that TARP Money Might Be Used for Bailout
By Chris Haak 12.12.2008 President Bush, probably (and fortunately) eager to avoid the black eye on his administration's legacy should GM and Chrysler declare bankruptcy and...
Detroit Bailout Dies in the Senate
In the face of Senate Republican opposition, the $14 billion auto industry aid bill that passed in the House of Representatives on Tuesday has died. The biggest concerns raised...
What is Richard Shelby’s Problem?
With word that the US House of Representatives has passed an auto industry rescue bill last night, the next step, of course, is to have the same bill passed by the Senate. As...
WSJ Reports That Chrysler Hires Bankruptcy Firm Jones Day
By Chris Haak 12.05.2008 With the congressional hearings on auto industry assistance still in progress, I happened to walk past a TV today that had CNBC on, and the crawl at the...
Chrysler Submits Business Plan to Congress
By Chris Haak 12.03.2008 The smallest of the formerly Big Three submitted its "detailed business plan" last to Congress, with word going out via e-mail to journalists just...
GM Submits Business Plan to Congress
By Chris Haak 12.02.2008 GM has submitted its business plan to Congress for its review - and if the plan is deemed to be viable as far as limiting the likelihood that GM would...
November 2008 Auto Sales Continue Bloodbath
By Chris Haak 12.02.2008 Though we still don't have all of the full results from Acura to Volvo available to digest, the news is predictably not good on the new car sales front...
Ford Submits Business Plan to Congress
By Chris Haak 12.02.2008 Hot on the heels of our earlier report of what to expect in the business plans submitted to Congress, Ford has published its 33-page (excluding...
Some Details of GM, Ford, Chrysler Planned Presentations to Congress Emerge
By Chris Haak 12.02.2008 After the fiasco that was the first round of hat-in-hand presentations to Congress last month, punctuated by some CEOs saying they'd just as soon not...
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