Monday, August 10th, 2009
TRAVERSE CITY, MICHIGAN - General Motors, Chrysler and the auto industry -- not the banking industry -- continue to be the whipping boys for members of the far right who paint the Obama administration not as post-supply side Keynesians, but as unmitigated socialists. Ron Bloom, the new chairman of the ...
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Monday, August 10th, 2009
DETROIT - Ford Motor Company is ebullient about its first year-over-year sales increase since November 2007. Total Ford-Lincoln-Mercury sales, including fleet, rose 2 percent in July 2009 compared with July 2008, and of that, retail sales rose 9 percent. Still, it's too early to party. The Great Recession isn't over ...
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Monday, August 10th, 2009
DETROIT - Yes, it's an economic stimulus program we can believe in. After one week, so many American drivers have traded in clunkers for $3500-$4500 in cash toward a new car that the program is nearly out of money. The Obama administration promised Friday morning that it would fund such ...
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Thursday, July 30th, 2009
How long can General Motors hold off on choosing a partner for its European Opel/Vauxhall operations? The New GM, just born out of July's bankruptcy, took a second round of bids from Canada's Magna International, Belgium's RHJ and China's Beijing Automotive Industry Holding last week. GM rejected BAIC's offer and ...
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Friday, December 19th, 2008
Detroit, FRIDAY - One of the big three, Chrysler ready to close mills for about 30, at least one end of the month that begins this week. Steps were taken in connection with car sales down in the United States and loan funds for the automotive industry, which has not ...
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