bailout

Feds Want Out Of The Auto Business As Soon As Possible
Feds Want Out Of The Auto Business As Soon As Possible

On numerous occasions, de facto Car Czar Steven Rattner has said that neither he nor the U.S. government wants to be in the auto business--at least not for long. Those sentiments were reaffirmed yesterday when Rattner indicated that the feds are planning to sell off their 60.8% stake in the New GM...Read More»

General Motors Renaissance Center, Detroit, Michigan
General Motors Ready To Emerge From Bankruptcy

While most of America was enjoying a long holiday weekend full of cookouts and fireworks, Judge Robert Gerber was overseeing a very different sort of explosive activity in Manhattan: the conclusion of the General Motors bankruptcy trial. Late last night, Gerber ruled in favor of General Motors'...Read More»

General Motors Renaissance Center, Detroit, Michigan
General Motors Bankruptcy Saga Continues

In case you were wondering, we haven't said much about General Motors' bankruptcy trial because there hasn't been much to report. The government still hasn't budged on its July 10 deadline to see the General out of bankruptcy or liquidated; GM is still trying to sell off bad assets like superfund...Read More»

Koenigsegg CCR
General Motors Preps Saab For Koenigsegg's Basket

It's official: General Motors has reached a tentative agreement with Swedish outfit Koenigsegg to sell the Saab brand. So, Saab's probably going home. Cue the Peaches and Herb. Or "Major Tom", if that's your thing. According to a press release from GM, the high-end sports car manufacturer (along...Read More»

'Biggest Bankruptcies in History' via GOOD and Always With Honor
Graphic: Biggest Bankruptcies In History

Lots of people are complaining about the General Motors bankruptcy--at least the part about the federal government's multi-billion-dollar involvement in it. As a matter of fact, chances are pretty good that you're among those doing the grumbling. If so, perhaps you'll take comfort in this graphic...Read More»

U-Turn
General Motors Rekindles Flame With 41 Dealerships

General Motors has decided that maybe it's not such a great idea to ditch 41 dealers from its nationwide network. This comes as members of congress have second thoughts of their own about the GM bailout, thanks in part to the fallout from the preceding Chrysler bailout. When Chrysler cut 789...Read More»

Obama at Chrysler Plant
More Than Half Think Chrysler And GM Should Have Been Allowed To Fail

Think that the government shouldn't be in the auto business? You're not alone. We already knew that, but thanks to a survey from Tustin, California research and analysis firm AutoPacific, we can put a number to it: 81 percent agreed that the faster the government gets out of the auto business, the...Read More»

Louisiana flag
Louisiana Balks At Licenses For New GM Dealers

In a move that's sure to please certain talk show hosts pushing for a GM boycott, the Louisiana Motor Vehicle Commission has said that auto dealers for the new General Motors might not be granted licenses to operate in the state. In a nutshell, LMVC executive director Lessie House is opposed to...Read More»

U.S. Senator Bob Corker (R-TN)
Senator Bob Corker Moves To Protect Disenfranchised Dealers

You might remember U.S. Senator Bob Corker (R-TN) from such hits as "The 2009 Auto Show tour" and "Don't close my GM plant!" Well, now the man who's had it in for Detroit is working on legislation to help dealers who've been cut by Chrysler and General Motors. In a nutshell, Corker's legislation...Read More»

Mercedes Benz bikes
Link Love From The Car Connection: Mercedes-Benz On Two Wheels, Lamborghini Goes Green, And GM Stops Jet-Setting

♦  Mercedes-Benz is launching three new rides. Upside: each has leather seating and offers great views. Downside: they're bicycles, and they start at $2400 a pop. [MotorAuthority] ♦  Only slightly less vexing than those Mercedes bikes: something called "The Hauler" from Lorax Motor...Read More»

Someone doesn't like his Range Rover Sport HSE
Link Love From The Car Connection: Car Gadgets, An Angry Range Rover Owner, And Amazing Motorcycle Maneuvering

♦  Hate your car? Tired of making endless repairs? We've all been there. However, few of us have taken the ballsy step of plastering our car with lettering like "If you want trouble free motoring do not buy one of these!" and parking it in front of a dealership--but only 'cause we never...Read More»

Well-blinged Toyota Camry
Link Love From The Car Connection: Toyota Camry Blinged, Plus Videos For 'Mission One' Electric Motorcycle, Grand Turismo 5, And Jay Leno's EcoJet

♦  There's a lot of car bling on the market, but not everyone knows how to use it. We think the owner of this Toyota Camry did a pretty awesome job of walking the fine line between "80s futurism" and "chromed-out mid-life crisis". And hey: at least it gave gramps a weekend project...Read More»

Audi A4 fueled by biogas
Link Love From The Car Connection: Audi Outraces Bugatti, Cash-For-Clunkers Rears Its Head, And A Look Back At The Top 50 Car Ads

♦  GM goes bankrupt, Susan Boyle loses a talent show, and a biogas-huffing Audi A4 (to your left) outraces a Bugatti? The 21st century is a strange and scary place. [Wired] ♦  Even the New York Times has gotten a little weepy over General Motors' fate. Check out their slideshow of...Read More»

Bentley in camo
Link Love From The Car Connection: Bentley Bubba-fied, Dodge Viper Bid, And Chrysler's PR Team Tries To Stay Busy

♦  Sometimes you folks send in images that we can't explain, and frankly, we don't want to. Sometimes, we just want to stare in slackjawed amazement, as we're currently doing at this photo of a Bentley coupe that's been camouflaged--not just in "spy shot camo", but honest-to-Jughead "deer...Read More»

GM Logo
GM Slouches Toward Bankruptcy

In news that should surprise absolutely no one, General Motors is a step closer to bankruptcy this morning. Yesterday was a key deadline in GM's restructuring schedule: the day by which the General had to reach important concessions with its bondholders. GM is indebted to those bondholders to the...Read More»

2009 Chrysler Town & Country
Chrysler Plugs In To A Chunk Of Government Cash

You might think Chrysler would be doubled over in pain these days, given all the tsoris of bankruptcy court. But in fact, the company is holding its head high and has developed big plans for tomorrow--at least on paper. Yesterday, those plans made their way to the U.S. Department of Energy, when...Read More»

Lionel Hutz, Attorney at Law
GM & Bankruptcy: Won't Somebody Think About the Lawyers?

It's good news/bad news time for General Motors. On the downside: bankruptcy is looming. For a while, it looked as if things might shake out in the General's favor, sparing it from the fate that's befallen Chrysler. Today, however, the prevailing sentiment seems to be that GM will be heading to...Read More»

Chrysler logo
Chrysler's Outpatient Bankruptcy Likely To End On Schedule This Week

Hold on to your hats, folks: it looks like the federal government's one-two punch of bailout and bankruptcy may be working. At least in Chrysler's case. When the company was shunted into court almost a month ago, the feds set a fairly ambitious turnaround schedule: they wanted to see Chrysler...Read More»

Senator Debbie Stabenow (D-MI)
Cash-For-Clunkers Update: Showdown In The Senate!

Okay, perhaps that headline is a little misleading. There isn't a showdown per se, but there has been an interesting development in the cash-for-clunkers saga. As you'll recall, there are currently two versions of cash-for-clunkers working in the House of Representatives: one submitted by Betty...Read More»

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