The black hole that is the auto industry needs to suck in more cash. The parts suppliers are once again lining up for federal aid. From the WSJ: U.S. auto-parts companies plan to ask the Obama administration for as much as $10 billion in new aid as the General Motors Corp. and Chrysler LLC bankruptcies deepen the […]
Posts Tagged ‘auto bailout’
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Ford Forges On Without The Government
Posted by Tom Lindmark on February 19th, 2009
Consumers seem to prefer buying cars and trucks from companies that look like they have a future even though they may be American. Ford’s share of the domestic market has been increasing and customers that own competing brands are evidently more willing to buy Ford products. From the Wall Street Journal: At the same time, […]
Can We Get A Little Creative With The Auto Industry?
Posted by Tom Lindmark on February 18th, 2009
One day and the GM plan is already taking shots from one of the major stakeholders. The bondholders are questioning whether the plan adequately addresses the challenges facing the company. The recovery plan GM presented to the federal government Tuesday evening calls for cutting 47,000 jobs around the world, closing five additional plants in North […]
