News Intelligence Analysis
Directory of Automotive News
The First Two Articles:
Save GM and Save the World!
October 29, 2008
By Katherine Yurica
There are three ways Americans and the new
administration can help to save the automotive
industry from total collapse. In fact, it will make
America the "hero" of the world! (To paraphrase
a line from the Heroes television series:
"Save the General and save the world!")
"General Motors, Driven to the Brink"
by Bill Vlasic and Nick Bunkley
October 26, 2008, New York Times
In late May, senior executives at General Motors
confronted a decision that few thought they would
ever face: whether to continue developing the next
generation of one of the most successful products
in G.M.s 100-year history the full-size sport utility
vehicle or to punt the program entirely.
Chronological: Latest News First
NEW: Closer to Bailout,
GM Prints Candid Apology
By Kendra Marr
Washington Post Staff Writer
Tuesday, December 9, 2008
Step one on the road to recovery: Admit you
have a problem. General Motors, the world's
largest automaker, yesterday candidly confessed
to the blunders that has led it to near-collapse in
a full-page advertisement in Automotive News.
"While we're still the U.S. sales leader, we
acknowledge we have disappointed you," the
company said in the magazine ad. "At times we
violated your trust by letting our quality fall below
industry standards and our designs become lackluster.
Ford sets out plans
for green vehicles
December 2, 2008
Ford Motor laid out plans on Tuesday for a family
of hybrid petrol-electric and fully electric vehicles
as part of a blueprint to accelerate the restructuring
of its loss-making North American car and truck
Sunset Carmakers Should
Look to a New Dawn
By Jeremy Rifkin
Published: December 1 2008
We need to shift the conversation from rescues and
bail-outs of the internal combustion engine to research,
development and deployment of electric and hydrogen
fuel-cell plug-in vehicles powered by renewable energy.
The second industrial revolution is heading into the
sunset and its prime energy and technology are on life
support. The dramatic rise of the price of oil over the
past few years signals the beginning of the endgame,
not only for gas-guzzling cars, but also for the internal
combustion engine itself.
Better Than A Bailout
Here's how to rescue Detroit without
forcing them into bankruptcy.
Susan Helper and John Paul MacDuffie,
The New Republic Published:
Tuesday, December 02, 2008
Today, executives from Chrysler, Ford, and General
Motors will submit reports on how they can restructure
their operations. And quite a lot is riding on what those
reports say. If Congress isn't satisfied that the planned
changes will make the companies more competitive,
it's unlikely to approve the $25 billion in emergency loans
that the automakers may need to survive the current crisis.
If just one of the companies should fail, let alone all three,
the economic repercussions could be enormous--and not
just in Detroit.
G.M.s Latest Hope
Is a Plug-In Car
November 22, 2008
By MICHELINE MAYNARD
Executives at General Motors, the largest and
apparently the most imperiled of the three American
car companies, are using the Volt as the centerpiece
of their case to a skeptical Congress that their
business plan for a turnaround is strong, and that a
federal bailout would be a good investment in
Zapping the Volt
by Jane Hamsher
November 17, 2008
"Let Detroit Go Bankrupt," says Andrew Sullivan.
With spittle-flecked rage, Charles Krauthammer
writes, "hourly cost of a Big Three worker: $73;
of an American worker for Toyota: $48."
Whats Good for G.M. Is Good for the Army
By WESLEY K. CLARK
November 16, 2008, N.Y. Times
Some economists question the wisdom of Washingtons
intervening to help the Big Three, arguing that the
automakers should pay the price for their own mistakes
or that the market will correct itself. But we must act:
aiding the American automobile industry is not only
an economic imperative, but also a national
Saving Detroit From Itself
Nov. 15, 2008, N.Y. Times
Before it approves any bailout package, Congress must
insist that any company receiving government money
must commit to a specific plan to improve energy efficiency.
Panic in Detroit
This is not your father's Oldsmobile we're rescuing.
Jonathan Cohn, Friday, November 14, 2008
The New Republic
A study just published by the Michigan-based Center
for Automotive Research (CAR) predicted that three
million people would lose their jobs in the first year
after such a Big Three meltdown, swelling the ranks
of the unemployed by nearly one-third nationally and
leading to hundreds of billions of dollars in lost income.
Obama Asks Bush to Provide
Help for Automakers
By JACKIE CALMES
November 11, 2008
The struggling auto industry was thrust into the middle
of a political standoff between the White House and
Democrats on Monday as President-elect Barack
Obama urged President Bush in a meeting at the
White House to support immediate emergency aid.
More Money for Detroit
A New York Times Editorial
October 31, 2008
Here is a measure of just how grim the economic
outlook is: It seems to make sense to pump billions
more taxpayer dollars into Detroits automakers even
though down the road they could quite possibly
go bust anyway.
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