News
GMAC Receives TARP Funding; Immediately Offers Better Terms
By Chris Haak 12.30.2008 The US Treasury announced yesterday that it had approved a $6 billion financial assistance package for GMAC, the heretofore 49% GM-owned/51%...
On-Again, Off-Again GM-Chrysler Merger Talks Are On Again
The Wall Street Journal reported today that the merger talks between GM and Chrysler - which have been publicly acknowledged at least three times by my count - have again...
Chrysler To Halt All Production for a Month – Or More
By Chris Haak 12.17.2008 Chrysler LLC announced late today that it is roughly doubling the length of its normal holiday shutdown period in an effort to both conserve cash and to...
Volvo Reveals 2011 S60 Concept In Advance of NAIAS Debut
Volvo has released photos of a thinly-disguised concept version of its S60 sedan that it will reveal in the flesh at next month's North American International Auto Show in...
Chrysler’s Lou Rhodes Divulges Electric Car Plans to CNNMoney
By Chris Haak 12.15.2008 CNNMoney scored an exclusive interview with Lou Rhodes, Chrysler's vice president for advanced vehicle engineering and president of Chrysler's ENVI...
BMW Reveals 2010 Z4 In Advance of NAIAS Debut
By Chris Haak 12.14.2008 BMW will officially reveal its 2010 Z4 roadster in Detroit at the NAIAS next month, but has elected to spill the beans on the all-new car a month...
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...