Big Three

GM Going Green And Very Lean
GM Going Green And Very Lean

The Scottish poet Robert Burns once said, "The best-laid plans of mice and men often go awry." Why bother planning then? Well, as Congress made abundantly clear during the Big 3 bailout talks last fall, you have to have some kind of plan in place before you can expect any help. (Unless, of course...Read More»

Wacky car accident
Link Love From The Car Connection: Wednesday Edition

Here's a sprinter's version of some of the other stories we're following: U-turn already in view?: It appears that 2008 was a banner year for Australia's Mazda and Subarau dealerships, and now some pundits are claiming America should pull through by mid-year.  Can we start drinking now? At least...Read More»

UAW Logo
Pointing the Gettelfinger

  On Friday, UAW president Ron Gettelfinger paid a visit to the The Detroit News' op-ed page, and what he said there should come as no surprise to anyone. In a nutshell, he claimed: middle America actually supports the Big 3 bailout; the UAW isn't responsible for automaker woes; and the UAW is...Read More»

MINI pedal car
Link Love from The Car Connection: Bringing You Up To Speed Edition, Volume 1

So, did you miss us? We've been putting the hurt on some green bean casserole while the elves downstairs made upgrades to TheCarConnection servers. Don't worry, though: we've been paying close attention to the news feed between naps. Here are the first of several links that ought to bring everyone...Read More»

Ford logo BEST
Big Three Bailout: Ford Buffs Its Brand

Every motivational speaker in the world knows the old chestnut about "crisis" and "opportunity" being the same word in Chinese. And although that isn't entirely true, one of the Big 3 is working hard to find the silver lining in all this mishegas: Ford. Below deck, Ford's accounting and legal...Read More»

2009 Chevrolet Avalanche
Would You Buy American for a $1,000 Bonus?

It's safe to say that American automakers didn't get into their current predicament because of one Titanic-sized iceberg. Instead, there were a lot of little, tiny icebergs chipping away at the hull of that ship for many, many years. (In fact, the snowball may be a more accurate, wintry metaphor.)...Read More»

Rube Goldberg
Big Three Still Trickling, Still Down

Judging from some comments on recent posts, a few of you are a tad excited--nay, giddy--to see Ford, GM, and Chrysler get their comeuppance. And that's to be expected: watching the mighty fall has been a popular pastime since the era of Davey and Goliath--not to mention David and Goliath. However...Read More»

Bob Nardelli
Nardelli to Chrysler Workers: All's Good, Sort Of

Hard as it is to imagine, we're coming up on the first anniversary of Chrysler's takeover by the folks at Cerberus Capital Management. It's been a year of turmoil and one involving some massive change, both in the industry as a whole and at Chrysler in particular. Plants have been ordered closed;...Read More»

2003-hummer-h2-fording-ravine-v2.jpg
GM Loses $15.5 Billion

General Motors posted a massive $15.5 billion second-quarter loss, a widening deficit that underscored the mounting problems facing the giant automaker, Detroit, and the auto industry in general. The huge loss, one of the worst in industry history, and nearly double the record deficit posted by...Read More»

GM Stock Chart 7-17-08
The Cuts Keep Coming

The cuts keep coming, and anyone collecting a check from Detroit's Big Three has to be wondering for how much longer. General Motors has confirmed that the 15 percent cut in salaried "costs" it announced earlier this month will result in the loss of 5,000 white-collar jobs. Look for the bulk of...Read More»

McCain at GM 7-18-05
Have You Driven a McCain Lately?

It took a full term before the current White House occupant made any serious effort to deal with the domestic auto industry. Not so when it comes to the two men currently chasing the Oval Office. Detroit and its Big Three automakers are becoming a frequent backdrop for Sens. Barrack Obama and John...Read More»

Henderson and Wagoner
More Big Cuts: Can GM Hang On?

Barely a month after announcing massive cuts, notably on the truck side of the business, General Motors today revealed a new plan aimed at coping with the "dramatic" rise in fuel prices and the steady downturn in the American auto market. The numerous steps outlined by GM CEO Rick Wagoner at the...Read More»

Obama at Chrysler Plant
Mulally: Meeting with Obama "Very Productive"

A meeting between the Democrats' presumptive presidential nominee, Barack Obama, and 10 industry leaders was "very productive," according to one of those executives, Ford Motor Co. CEO Alan Mulally. During the Chicago event, the business leaders discussed a wide range of topics with the Illinois...Read More»

Stocks Down
Could Debt Bring Down Detroit's Big Three?

We don't have to go over the details, do we? Let's just say things aren't going well with the Big Three. OK, a few details, so we can put the latest news into perspective. After years of multi-billion-dollar losses, this was supposed to be a turnaround year for the Big Three. Ford, in particular...Read More»

Stocks Down
Auto Stocks Taking Hard Hits

What does Kirk Kerkorian Know that you don't? That's a question a lot of people are asking, these days, after he picked up 20 million shares of Ford Motor Co. stock at $6.50 a share. Considering the stock is mired in the low-$6 range, that's a hefty premium, and encouraged other shareholders to...Read More»

Bob Nardelli
More Cuts Coming at Chrysler?

Could there be still more cuts coming at Chrysler? That's the consensus of some who've seen a new memo from the automaker's CEO, Robert Nardelli, which paints a bleak picture of deteriorating conditions in the auto industry. The situation, said Nardelli, is worse than even the company's pessimistic...Read More»

Oil Pump
Enviro Groups Want Tougher Mileage Rules

The pressure's on federal regulators to sharply increase the already-big increase in U.S. fuel economy standards approved last year. With gasoline prices now running nearly double the numbers forecast back then, a consortium of consumer and environmental groups believes there's an opportunity to...Read More»

Ford Blue Oval Logo
Ford Sets Cost-Cut Target – Big Job Cuts Likely

Confirming recent rumors of a shake-up in its white-collar ranks, Ford Motor Co. is notifying workers it expects a 15 percent cut in salary costs by August 1. How many jobs will be lost is uncertain, as department heads are being told to find ways of their own to meet the 15 percent target. Initial...Read More»

Steve Miller at Econ Club
Thanks for Your Enthusiasm

Plant closings, layoffs, record oil prices, massive losses--some days, we at TheCarConnection.com feel like we need a double dose of Prozac before setting down at the blogboard. So it's nice when we hear someone lend a little positive energy to the situation. But it admittedly took us by surprise...Read More»

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