Detroit - US Politics

Democrats expect automakers to prove they're worth aiding; Republicans skeptical of bailoutLeading Democrats expect U.S. automakers will show Congress next month they are worth rescuing and are capable of returning to global pre-eminence. One leading Democrat urged Obama to become more involved.Executives ...

Imagine if the parable of the Prodigal Son went something like this: " GM chief Rick Wagoner told senators that the industry "needs a bridge to span the financial chasm that has opened up before us. As former Massachusetts governor Mitt Romney ...

Democrats in the US Congress proposing an additional 25-billion-dollar bailout for ailing automakers have been stalled by Republican lawmakers who have maintained that the sector should use funds from a previous bill.The debate over new legislation proposed by the majority Democrats began ...

Nissan chief Carlos Ghosn has warned that the company's second-half profit will probably fall to zero as the global motor-industry crisis intensifies.. Ghosn, who is also Renault chief, said sales were diving in the US, and a strong yen was making its ...

Car dealers, the economic lifeblood of many communities, say the liquidity crisis gripping Detroit is threatening to put them out of business.. Arrigo was one of 33 Chrysler dealers representing 25 states who descended on Capitol Hill Monday, hoping to convince Congress ...

President Bush is pushing lawmakers one step closer to saving Detroit's major automakers from bankruptcy. "We are now actively calling on Congress to pass legislation next week that will amend the loan program and help accelerate much-needed funds to auto companies that ...

The majority Democrats in Congress say they're drafting a bill that would provide $25-billion in loans to auto companies based in Detroit. Now the guy is from Ohio which is next to Michigan which contains Detroit. Here's one sage who says, "Clean ...

There were fresh calls on Sunday for the Bush administration to help stalled U.S. automakers, but Democratic and Republican officials said taxpayers cannot repeatedly support business rescues. Republican Sen. Mel Martinez of Florida delivered important backing for those urging the Bush administration ...

After months of fighting among themselves and wrestling with the auto industry, Democrats in Congress seem to have finally won Detroit's support in drastically raising vehicle fuel economy standards.. Now all they have to do is get the buy-in of two of ...

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Topic: Detroit

Dems expect Big 3 to show they're worth helping

The Prodigal Automakers

Lawmakers clash in debate over automaker bailout

Nissan warns of zero profits

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Bush's Motown Turnaround

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New calls for US Treasury to help carmakers

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