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April 21, 2009

Government Gives More Aid to GM and Chrysler

The Obama administration set aside $500 million to help Chrysler LLC get through April, as it seeks to reach an alliance with Fiat, Reuters reported. It also set aside up to $5 billion through May to help General Motors Corp. restructure outside of bankruptcy, an independent oversight report on the Treasury Department's corporate rescue fund said Tuesday.

February 1, 2009

A Car is Great; A Job is Better

It’s funny how things work. There were so many detractors of the automotive bailout loan, yet no one has said much about how quickly Chrysler LLC and General Motors put American taxpayers’ money to work.

January 27, 2009

NADA Chairman Says Next Two Months are Critical to Industry's Future

With 2009 expected to be one of the toughest years yet for auto retailing, the incoming chairman of the National Automobile Dealers Association issued a call-to-action Monday.