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Small Players Vie for ‘Green Car’ Loans (New York Times)
Detroit’s automakers are focused this week on convincing Congress to provide them $25 billion in federal aid. But there is another $25 billion auto industry loan program, set up by the Department of Energy to quicken the development of fuel-efficient cars, The New York Times’s Leslie Wayne reported.
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Flint Township psychotherapist pleads case for auto loan from Congress; she says patients are stressed by car industry ... (The Flint Journal)
GENESEE COUNTY, Michigan -- Flint Township psychotherapist Dianne Dailey doesn't need an economic expert to tell her what will happen if Congress doesn't approve a $25-billion loan to Detroit automakers. All she has to do is listen to her clients....
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Mexican economy in the balance of carmakers rescue (Reuters via Yahoo!Xtra News)
SILAO, Mexico (Reuters) - The spectre of bankruptcy hanging over automakers in Detroit is also stoking fears in Mexico , whose car industry is heavily dependent on the U.S. economy.
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Small Players Vie for ?Green Car? Loans (New York Times)
Automakers are trying to convince Congress to provide aid, but there is another $25 billion auto industry government loan program, for the development of fuel-efficient cars.
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$28-billion to save Detroit 3 (The Globe and Mail)
The wounded Detroit Three auto makers increased their plea for emergency U.S. government help to $28-billion (U.S.) yesterday and the largest of them warned of imminent collapse and economic catastrophe if Washington denies the request.
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Detroit bailout plans make their way to Congress (The Globe and Mail)
DETROIT/WASHINGTON (Reuters) - Distressed U.S. automakers began submitting plans to Congress on Tuesday as they tried to show that they have a viable future and deserve federal aid, while new reports showed that vehicle sales continued their freefall in November.
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Humbled CEOs making case for automakers (Knoxville News Sentinel)
WASHINGTON - Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a huge bailout on Tuesday, pledging to slash their number of workers, car lines and amount of executive pay in return for a federal lifeline.
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Big Three survival bailout requests rise to $34 billion (Marshalltown Times-Republican)
WASHINGTON - Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a bailout as large as $34 billion Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline.
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US automakers ground jets for trip to Washington (AP via Yahoo! Finance)
If the Detroit Three automakers have learned anything since their last trip to Washington, it's that the old way of doing business just won't fly.
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Auto execs head back to Capitol Hill (Macomb Daily)
DETROIT (AP) — They'll park some corporate jets, cut executive pay and serve up concessions from the United Auto Workers, but Ford Motor Co., General Motors Corp. and perhaps Chrysler LLC also will have to address massive debts to persuade a skeptical Congress to loan them money.
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