Transportation For America » auto industry

G.M. and Chrysler Explore Merger

Andrew Bielak — Tue, 14 Oct 2008 13:32:38 +0000

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

Andrew Bielak — Fri, 10 Oct 2008 14:21:51 +0000

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

Andrew Bielak — Thu, 02 Oct 2008 13:35:52 +0000

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

Andrew Bielak — Tue, 30 Sep 2008 13:33:54 +0000

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

Andrew Bielak — Thu, 25 Sep 2008 13:59:47 +0000

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

Andrew Bielak — Thu, 18 Sep 2008 13:58:48 +0000

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)