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Auto Bailout Path is UnclearDemocrats may have been the big victors on Election Day. But the Republicans are still in charge in the White House and representing a possibly immovable minority in the Senate may keep the U.S. auto industry from getting the help it needs before Barack Obama is inaugurated as President in January. |
WSJ: GM Lobbying Hard for U.S. BailoutGeneral Motors Corp has been telling U.S. government officials that a bankruptcy filing by the automaker would set off a chain reaction hitting hundreds of its suppliers and dealers as well as its Detroit rivals, The Wall Street Journal reported on Saturday. |
Democrats back down from bail-out for automakersDemocratic leaders in Congress said Thursday they do not expect to pass an immediate bailout for the struggling U.S. auto industry, citing opposition from Republican legislators. Christopher Dodd, a Democratic senator from Connecticut who chairs the Senate Banking Committee, said his party did not have the support for legislation to help the nation's three largest automakers, which are struggling to remain afloat amid a sharp downturn in car sales. |
Drop in Gas Prices has SUV Owners Revved UpA funny thing happened on the way to the recession: The SUV got a jump-start. |
2008 L.A. Auto Show PreviewIf the mention of cars and Los Angeles has you thinking of Arnold cruising in a drop-top Porsche and Eva Longoria straddling Lamborghinis, well, you're not far off the mark. Stars are big business in sunny SoCal, but it'll be cars, trucks, SUVs, crossovers, and concept vehicles taking center stage at the 2008 Los Angeles auto show. |
2009 MyRide/Autobytel Editors' Choice AwardsThe 2009 new-car model year will likely go down as a seminal time in automotive history. Two worlds – the green and the powerful – are on a collision course. Compound that with a shrinking economy, radically changing buyers tastes, and more new-car choices than ever before, and you have a complicated market with many vehicles blurring the line between traditional categories. All of which made choosing our 10 picks for the 2009 MyRide/Autobytel Editors' Choice awards that much more difficult, and who received these awards more significant than ever before. |
Test Drive: 2009 Volkswagen CCThe VW CC is more satisfying than we ever thought it would be, in performance, comfort and style. |
Will Castro's Unique Autosports: Unique Vision Led to Unique OpportunityWill Castro is living proof that hard work and dedication can take you to the top. Only 20 years ago, the founder and CEO of Unique Autosports was working as a valet. Today, he's running his car customization company, his online concerns, and, of course, appearing on his popular Speed Channel television show, "Unique Whips." HispanicBusiness.com spoke with Mr. Castro, who relayed the story of customer focus, hard work, and vision that took him to the top. |
Democrats Urge Bush to Pursue Carmaker BailoutDemocratic leaders in Congress have urged the Bush administration to consider using the $700 billion bailout for the financial system to aid distressed American automakers, in a prelude to what may become urgent negotiations over additional economic stimulus measures. |
Still Moving: Rare and Exotic Car SalesShop around for a car and you'll see endless buying and leasing incentives . . . for those fortunate enough to qualify for a loan in the current credit markets. Car dealerships are offering tremendous promotions because, simply, they need to sell cars and move inventory. Is the rare and exotic supercar market struggling as well? Not so much. Believe it or not, those ultra-expensive vehicles are selling, for record prices. |
Auto News: Ford, GM Post Significant LossesU.S. automakers Ford Motor Co. and General Motors Corp. posted a combined net loss of $2.629 billion in the third quarter Friday, the bulk of that at GM. |
Luxury Car Dealers Feeling Some PainThis might seem the wrong time to be investing in a high-end car dealership. As the economy continues to weaken, the auto industry is suffering through one of its worst years ever. Even luxury brands - once viewed as virtually recession-proof - are feeling some pain. The future for the large and generally healthy luxury car segment looked a little rocky in September. Sales of all new cars and trucks plummeted 26.6 percent - undercut by tight credit, ailing financial institutions and consumer concerns about the economy. |