G.M. and Chrysler Explore Merger
October 14, 2008By Andrew Bielak
With the auto industry getting hit on all sides amidst the economic crisis and credit crunch, Detroit giants G.M. and Chrysler are considering teaming up in a historic merger. (New York Times — Bill Vlasic and Andrew Ross Sorkin)
Global auto market may “collapse” in 2009: J.D.Power
October 10, 2008By Andrew Bielak
A prominent industry tracking firm suggests that the car market could cave in next year due to economic insecurity and the credit crisis. (Reuters)
Hazardous Conditions for the Auto Industry
October 2, 2008By Andrew Bielak
Shortly after being guaranteed a $25 billion loan from the government to make energy efficient vehicles, U.S. automakers announce some dismal news for the industry — sales have dropped 26.6 percent from a year ago, and September marked the first time since 1993 that fewer than one million new cars and trucks were sold in one month.
Federal loans to automakers could flow in 6 months
September 30, 2008By Andrew Bielak
U.S. automakers are months away from being able to use $25 billion in low-interest loans from the federal government. (Associated Press — Ken Thomas)
House passes $25-billion loan package for auto industry
September 25, 2008By Andrew Bielak
Amidst the high-profile discussion over a massive bailout of the financial industry, the U.S. House quietly approves a $25 billion loan guarantee to help Detroit automakers build more fuel-efficient cars. (Los Angeles Times — Richard Simon)
Federal Aid to Detroit Seems Likely
September 18, 2008By Andrew Bielak
Democrats and Republicans in Congress — along with both presidential candidates — are supporting a plan to provide $25 billion in loan guarantees to struggling American auto manufacturers. (New York Times — David Herszenhorn)




