Topic: Detroit
and executives pored over the details until daybreak.At least one wore the previous day's clothes as he watched President George W. Bush announce the aid at the White House on Friday.It was hardly the first all-nighter that Detroit's Big Three auto executives, ...
BARNEY FRANK ON DETROIT, HOUSING, AND EXECUTIVE PAY As BusinessWeek went to press on Dec. 10, the House passed a plan to provide the U.S. auto industry with a $14 billion bridge loan (to the Obama Administration, a wag might say). But ...
SPUTTERING TOWARD AN AUTO DEAL Car czar. On Dec. 10, after weeks of wrangling in Washington, the House approved a deal to help Detroit. It would give Chrysler and General Motors $14 billion in loans (Ford says it doesn't need the cash ...
Hard-line opposition shows party valuing ideology over pragmatism WashingtonWhen the vote tally emerged in the auto bailout, Nevadas lawmakers in the House fell into what has become a predictable new pattern: John Ensign helped lead Republicans as they killed the $14 billion ...
The White House indicated an agreement in principle was in place with Congressional leaders on a 15-billion-dollar automotive industry rescue package, but said negotiations were not yet over. "We will continue to work with Congress to finalize legislation the president can support," ...
The Washington Post included the following items on its front page on Dec. 9. Reuters has not verified these stories and does not vouch for their accuracy. WPO - news - people ) included the following items on its front page on ...
Ford Motor and Chrysler's desperate pleas for government aid were heard. Over the weekend, legislation to provide the big three with short-term loans to get them through the new year is being drafted, following an agreement between Speaker of the House Nancy ...
No one expects President-elect Barack Obama to govern as a supply-sider. Hillary Clinton is a solid selection for Secretary of State and shows Obama's confidence. The big worry will not be Obama, but Speaker Nancy Pelosi's House. In addition to its other ...
Extending large gains from Wednesday, shares of Detroit auto makers and many of the industry's suppliers rose Friday as the government is set to discuss new plans for emergency aid next week. TRW Automotive Holdings Corp. (TRW) climbed 23% to $3.35 during ...
Lawmakers expect to see detailed sacrifices when automakers get second shot to ask for loansA list of job cuts, shuttered factories, canceled bonuses and commitments to fuel-efficient cars won't be enough next week when U.S. automakers get another shot to persuade Congress ...