Tag Archives: Big Three bailout

G.M. Statement and News Conference

Posted on December 19, 2008 by billmanzi

G.M. CEO Rick Wagoner makes a statement on the announcement by President Bush of federal assistance for the big three. http://www.msnbc.msn.com/id/22425001/vp/28314057#28314057.msnbcLinks {font-size:11px; font-family:Arial, Helvetica, sans-serif; color: #999; margin-top: 5px; background: transparent; text-align: center; width: 425px;} .msnbcLinks a {text-decoration:none !important; border-bottom: … Continue reading →

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Bush Statement on Auto Bailout

Posted on December 19, 2008 by billmanzi

President Bush this morning announced an auto bailout plan that will have the federal government provide over $13 billion dollars in loans to the US Big Three. The companies will be required to restructure, but will have one year to … Continue reading →

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Chrysler Shuts Down Production One Month

Posted on December 18, 2008 by billmanzi

Chrysler Corporation, in a move dictated by sales that are dropping off a cliff, has announced a one month shutdown of all 30 of its plants, extending the normal two week shutdown by two weeks. From the Washington Post: Struggling … Continue reading →

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Auto Talks Collapse in Senate

Posted on December 11, 2008 by billmanzi

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 →

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House Passes Auto Bailout

Posted on December 10, 2008 by billmanzi

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 →

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Senate Republicans look to block auto bailout

Posted on December 10, 2008 by billmanzi

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 →

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