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Tag Archives: Auto Bailout
G.M. on the Brink
General Motors, under federal deadline to produce a business plan that will show a path to viability, is likely to ask for additional funds on top of the $13.4 billion already committed by the U.S. government. G.M. will also present … Continue reading
Bush to the Rescue?????
President Bush appears to be moving towards offering some relief to the auto industry, as he has reportedly dropped his opposition to utilization of the T.A.R.P. funds allocated by Congress earlier this year. Talks have begun, with details hard to … Continue reading
Posted in National News
Tagged Auto Bailout, big three, Bush auto bailout, General Motors, George Bush
9 Comments
Auto Talks Collapse in Senate
Negotiations in the United States Senate over the bill to provide government assistance to U.S. automakers collapsed tonight, a victim of disagreement over wage concessions by the U.A.W. The Republicans in the Senate appear prepared to roll the dice on … Continue reading
The Real Numbers in Auto Wages
Yesterday’s New York Times had an interesting analysis of auto wages, and the disparity between the U.A.W. organized plants and the non union manufacturers. The Times story refers to the $73 an hour wage rate often cited by those folks … Continue reading
House Passes Auto Bailout
The U.S. House tonight passed an auto bailout package of $14 billion dollars for the Big Three by a comfortable margin. From the Washington Post: The House tonight, 237-170, approved an emergency plan to prevent the collapse of the nation’s … Continue reading
Senate Republicans look to block auto bailout
Senate Republicans, left on the sideline as the Bush White House negotiated the terms of a bailout of the Big Three with House Democrats, are threatening to block passage of the bill, which could be considered as early as tommorow. … Continue reading
Auto Bailout Deal Nears
Washington appears to be moving towards a short term deal to give finance to the Big Three automakers, with Speaker Nancy Pelosi relenting on her refusal to allow utilization of the so called greeen finance package that was approved last … Continue reading
G.M. on the brink
General Motors submitted a revised business plan to Congress in the hopes of getting Congressional approval for a large federal bailout. G.M. noted in its filing that without at least $4 billion before the end of the calendar year it … Continue reading
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