bailout

Cash-For-Clunkers Causes Confusion, Cantankery
Cash-For-Clunkers Causes Confusion, Cantankery

Recently, we mentioned that the cash-for-clunkers legislation everyone's been giddy about would soon become a reality--and we had every reason to believe it. At the time, the measure was included as part of a larger, more divisive package on energy reform, but legislators in both the House and the...Read More»

1957 Ferrari 250 Testa Rossa
Link Love From The Car Connection: Ferrari Goes For Big Bills, Rolls Royce Ghost In The Flesh, And A Flashback To Simpler Times

Big spender -- Well, someone out there still has money: a 1957 Ferrari 250 Testa Rossa has sold at auction for a whopping €9,020,000 ($12,135,000). No word on who the winner was, but we're pretty sure it wasn't us. At least we hope it wasn't. [Autogespot] Pardon me, ragazzi-- Speaking of Ferrari...Read More»

The talented cast of Bob and Carol and Ted and Alice
Bob & Sergio & Rick & Ron: Mind-Blowing Mergings

It's Friday, and we hope you're already drinking, because this will make more sense if you're hammered. Okay, you already know about the Fiat/Chrysler partnership. And hopefully you recall our piece from earlier this week in which Fiat's Sergio Marchionne said he'd just loooove to acquire GM...Read More»

Mercedes-Benz 300SL Gullwing replica by Gullwing GmbH
Link Love From The Car Connection: Gullwing Replicas, Women Behind The Wheel, And GM Flubs Today, Hopes For Brighter Tomorrow

Beauty in abundance -- There's another Mercedes-Benz SL 300 Gullwing replica on the market. "What's that", you say? "Why do we need two?" Which makes us think you're off your freakin' rocker, because we could live in a world of these. Seriously. [MotorAuthority] Tomorrowland -- GM is looking toward...Read More»

2009 Jeep Wrangler
In Jeopardy: Dodge Viper, Charger; Jeep Wrangler, Grand Cherokee

There's a lot more Chrysler news today, and for fans of the company and its brands, most of it isn't good. The worst so far: the Dodge Viper and the Jeep Wrangler may be axed entirely. This comes from a document filed by Robert Manzo, the executive director of Capstone Group, LLC, who's been...Read More»

Chrysler logo
Your Daily Chrysler Fix: Just The High Points

There are so many stories about Chrysler buzzing across the interwebz that we could never cover them all in depth. Instead, we're going to bring you up to speed with tasty, soundbite-sized recaps of the bigger pentastar items. Read on, well-informed citizen: Bizarroworld Economics -- You know...Read More»

Chrysler is sizzling
Chrysler Out Of The Frying Pan. That's Good, Right?

The last 24 hours have been big for Chrysler. The long and short of it appears to be that (a) the company will likely avoid bankruptcy court, and (b) its relationship with Fiat will soon get conjugal. Here's a quick rundown of the headlines: Creditors concede -- About $5 billion of Chrysler's...Read More»

Chrysler pentastar
Chrysler And UAW Spend The Weekend Together

  While you were getting hammered at some weekend music festival or cleaning out the garage, bigwigs from Chrysler and the United Auto Workers union were busy getting to know one another--and by "getting know one another", we mean haggling. As you may know, the feds set an April 30 deadline for...Read More»

Bee's 'Bee.One' electric car
Link Love From The Car Connection: Fiat Goes For Opel, An EV For The U.K., And The Booth Hostesses Of Shanghai

Fiat may take majority stake in Opel -- Not content to take a big ol' slice of Chrysler pie, Fiat is seriously eying GM's Opel brand. In fact, by the time you read this, the ink may be drying on a deal. [DetNews] New Bee line -- These days, cranking out a battery-powered concept is de rigeur for...Read More»

Money makes the world go 'round
Link Love From The Car Connection: Money Makes The World Go 'Round Edition

No, you're eyes aren't deceiving you: we're posting two Link Loves in just one day. Why? Because we know your time is valuable. Yeah, sure, we could post individual, well-written research articles on every bailout-related news item that comes our way, but who has time for that? Life is better in...Read More»

GM Logo
UPDATED: GM Reportedly Considers Nixing Pontiac, GMC; GM Exec Denies It

First came news that an American equity group is seriously interested in purchasing Saturn. Now we've learned that General Motors may be dropping the GMC and Pontiac brands entirely. Citing unnamed sources, Bloomberg reports that GM's talks with the Obama administration have involved selling or...Read More»

Fiat's Sergio Marchionne
Fiat Ready To Say 'Basta!' On Chrysler Deal, Thanks To Unions

No one would say that Chrysler's been doing well in recent months, but at least its situation hasn't been as dire as GM's. Smaller than The General and engaged to a sexy, Italian brand, Chrysler has clung to the promise of a modestly rosy future--until today. In an interview with this morning's...Read More»

Elon Musk
ElonWatch: Tesla Chairman Calls Writer Douchebag, We Feel Neglected

  Okay, folks: we need your help. Because honestly, we can't decide if Elon Musk is just another egomaniacal Silicon Valley schmuck, or if he's crazy--crazy like a fox--and playing us media types for chumps. On Friday, Yahoo posted an interview with the chairman and CEO of Tesla Motors, and in the...Read More»

2007 Volkswagen up! concept
Link Love From The Car Connection: Feds Go Green, Corker Uncorks, And Volkswagen's PR Team Hits Overdrive

  Following through -- The feds have announced plans to spend $285 million from Obama's $787 billion stimulus bill on 17,600 fuel-efficient vehicles from Detroit's Big Three. Included in the mix will be hybrid sedans, natural gas and hybrid buses, plus a few all-electric vehicles, though anything...Read More»

Chrysler and Fiat logos
New Details About The Fiat-Chrysler Pre-Nup

More info about the on-again/off-again marriage of Chrysler/Fiat has emerged--namely, details about Fiat's initial stake in Chrysler and how the Italian automaker can earn a larger share of the pentastar pie via certain incentives. Citing "a person familiar with the Fiat-Chrysler negotiations"...Read More»

GM Logo
GM Prepared To File For Bankruptcy

In a regulatory filing to the Treasury Department Yesterday, General Motors admitted for the first time to Obama's Auto Task Force that it is seriously considering Chapter 11 bankruptcy protection. The filing stated Chapter 11 would be considered if GM cannot successfully complete an out-of-court...Read More»

2011 Chevrolet Volt
GM Asks For $2.6 Billion From DOE For Hybrid Program

A sobered, Wagoner-less GM asked Obama's Department of Energy for $2.6 billion in low interest loans. According to an updated business plan released by the company yesterday, the money would be used "to support the development of three new hybrid vehicles" says Automotive News. The three vehicles...Read More»

GM CEO Rick Wagoner
No Tears For Wagoner's $20 Million In 'Retirement Benefits'

Former GM CEO Rick Wagoner is set to receive $20 million in retirement benefits after being summarily ousted from his post at GM. Yes, he's dedicated a huge chunk of his life to GM, and it's typical to reward big American CEOs on their way out their door. But do you really think he deserves the...Read More»

Chrysler Warranty Logo
GM And Chrysler Warranty Assistance To Come From TARP Fund

In our post about President Barack Obama's address regarding GM and Chrysler's restructuring, we told you earlier that the government has promised to back all warranty claims from both companies in the event of Chapter 11 bankruptcy proceedings or worsening financial troubles. Said Obama: "Let me...Read More»

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