Consumerist
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auto bailout
Auto Bailout Passes House, But May Get Stuck In The Senate
The Auto Bailout Bill passed House yesterday, but is expected to encounter strong Republican resistance in the Senate. -
auto bailout
POLL: GM Sorry It Disappointed You, Do You Forgive Them?
General Motors took out an advertisement apologizing for "disappointing" consumers on Monday, asking your forgiveness for years of incompetance. Do you forgive them? More » -
auto bailout
Auto Makers Going Out Of Business, But Still Have Enough Money To Lobby Congress
CBSNews is reporting that while, at this very moment, the big three auto bosses are testifying in front of the House Financial Services Committee (watch this now at CSPAN, if you like.) about how they need emergency bridge loans in order to continue functioning — they still apparently have enough money to continue to spend millions lobbying our government. More » -
auto bailout
Consumers Don't Think Saving The Auto Industry Would Help The Economy
A majority, 61% of Americans are not in favor of bailing out the auto industry, says CNN/Opinion Research Corp. poll. Ford, Chrysler and GM have requested up to $34 billion dollars in emergency loans, but a majority of Americans polled thought that bailing out the automakers wouldn't help the economy. More » -
auto bailout
Auto CEOs Promise To Ditch The Private Jets And Drive To Washington
The big three auto CEOs Bob "Big Bob" Nardelli, Alan "Leavin' On A Jet Plane" Mulally, and our personal favorite Rick "The Station" Wagoner are apparently going to drive to Washington to beg for your money. Previously, they all flew on private jets. More » -
readers
Steve & Barry Auto Industry Fail Shirts On Sale
Steve & Barry's is in Bankruptcy, and the Big 3 are rattling their tin cups around Washington. It's a great synergy of failed brands, and it's on sale! 2 more fail shirts, inside! (Thanks to Nathan!) -
auto bailout
GM Begs For $12 Billion, May Sacrifice Saturn, Pontiac, Saab
GM desperately wants an invite to the bailout party — and has submitted a request for $12 billion dollars. In return, GM will attempt to return to profitability by "explor[ing] alternatives for the Saturn brand," as well as cutting "product offerings" at Pontiac. More » -
money meltdown
Big Three Carmaker CEO's Pledge To Take $1 Salary In Return For Bailout Bucks
The CEOs of Ford, GM, and Chrysler have all agreed to take only a $1 salary if the government will pretty pretty pretty please with killed-electric-car-on-top bail them the out. [CNNMoney] (Thanks to DjDynasty!) (Photo: Nrbelex) -
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auto bailout
Auto CEOs Flew Private Jets To Washington To Ask For Your Tax Money
ABCNews says that the big three auto CEOs "flew to the nation's capital yesterday in private luxurious jets to make their case to Washington that the auto industry is running out of cash and needs $25 billion in taxpayer money to avoid bankruptcy." More » -
auto bailout
GM Shares At 66 Year Low, But You Can Get Some For Free!
Hey, here's a new and exciting deal. Buy a car; get 100 shares of GM stock. "Join us in jump starting America," says the sales pitch. Unfortunately, GM's shares are trading at 66 year low today as a bailout looks doubtful. More » -
bailout
GM's Prez Begs Customers To Plead On GM's Behalf
Consumerist reader Darkrose writes, "I just got this in my e-mail. Thought you guys might be interested in it." In the email, GM's president Troy Clarke is in high PR mode, pointing out the grave consequences and emphasizing that GM wants not "a bailout but rather a loan that will be repaid." We thought other readers who aren't GM customers would find it interesting.
Tonight, the president of Ford Motors will be on Campbell Brown's "No Bias, No Bull" program on CNN at 8pm ET/5pm PT, presumably to hit similar talking points. Dance, auto monkey! Dance for the TV audience! More »
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money meltdown
GM Almost Out Of Cash, Looks To Washington For Bailout
GM is running out of money and may not have enough cash to continue running its business. They've burned through $6.8 billion in the last quarter and will exhaust their reserves by the end of 2008 without government intervention or a significant increase in auto sales. Which sounds more likely to you? More » -
money meltdown
Hundreds Of Car Dealerships Are Apparently Doomed
After the failure of the nation's largest Chevy dealerships brought the plight of the car dealer to everyone's attention, the bleeding hasn't stopped. The California New Car Dealers Association says dozens of dealerships in CA have also closed. More » -
auto industry
Washington Considering $25 Billion Loan Handout For U.S. Auto Makers
What do you do when your industry starts to go belly up and you can't make enough revenue to stay afloat? If you're a short-sighted U.S. auto maker, you beg the government for $25-50 billion in immediate, low-interest loans in order to retool your plants, so you can start producing the hybrid cars you should have been planning years ago. More » -
hummer
"King Of Cars" Closes Hummer Dealership, Will Start Selling Smart Cars
The Wall Street Journal's "Deal Journal" blog says that the owner of the car dealership that serves as the backdrop to A&E's "King of Cars" will close his Hummer dealership and begin selling "Smart Cars." More » -
recalls
GM Recalls Nearly 1 Million Vehicles With Defective Windshield Wiper Systems
Can your late-model GM vehicle melt snow and ice with a blast of heated windshield wiper fluid? It might be one of 944,000 vehicles with a faulty heating system that can cause odors, smoke, or even a surprise car fire. More » -
general motors
Maybe GM Can't Sell Cars Because Its Dealerships Won't Sell Them
Consumerist reader Chris decided to take advantage of GM's please-buy-a-car Employee Discount sale that we wrote about yesterday, so he headed off to two different dealerships in the NY/NJ area. What he found were deserted showrooms with salesmen who ignored him or argued with him over the existence of specific models he'd looked at online. He adds, "tonight I’m off to Toyota for some hard numbers on a Corolla and Camry." More » -
gm
GM's 'Employee Pricing' Sales Mean Big Discounts On Cars Right Now
GM is desperate to boost its sales this month, so the company is offering some steep discounts under its "Employee Pricing" sale. The car blog KickingTires is covering the discounts and points out that "almost all of the prices are around 10% off, which is big in terms of car sales." For example, you can save $9,000 on a Hummer H3. Of course, you'll spend that much on gas for it in the first week, but there are other options as well, like Saturns, Chevys, and even the 2008 Corvette Z06 (which we mention separately because KickingTires says powerful sports cars are usually exempt from this sort of sale, but not this time). More »
gm
New York, 2:17 PM
Mon Nov 23
8 posts in the last 24 hours
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