Depression

News

Big Three Head Back To Washington

Published December 2, 2008, 2:00 pm, WYMT Mountain News

NEW YORK (AP) - November U.S. vehicle sales at General Motors and Chrysler plunged more than 40 percent, while Ford's sales dropped 31 percent, crushing hopes that the industrywide drop in vehicle demand might be easing as the U.S. automakers prepare to state their second case for a federal bailout.

Full Story

Tags

No tags found at this time. Be the first to tag this news item, learn more.

Imagery


Related Depression Stories

From Various News Sources

GM grounds jet for Washington trip, says CEO will drive company car to ... - Minneapolis Star Tribune
no way someone at this level would accept anything else... safety an issue ... besides what's wrong with using a US air carrier to ? read more transport to DC??? they need the money too... DETROIT - This time, GM Chief Rick Wagoner will drive a ...

Ford, GM CEOs offer to work for $1 a year - NWCN
DETROIT ? The CEOs of both Ford Motor Co. and General Motors Corp. are offering to work for one dollar a year if Congress loans their companies the money they need to stay afloat. Ford will tell Congress that it plans to return to a pretax profit ...

Automakers promise to cut costs, ditch planes - Detroit News
It's another day of bad news and bailouts, as auto sales plummet for another month and Detroit's beleaguered Big Three head back to Washington to submit plans justifying their appeal for $25 billion in emergency loans for the domestic carmakers ...

Stocks give back big gain, fluctuate a day after huge decline - Orlando Sentinel
NEW YORK (AP) _ Wall Street gave up most of an early gain and fluctuated Tuesday as investors looked for safe bets a day after the market's huge dive. The Dow Jones industrials up nearly 270 points in afternoon trading, retreated to a gain of only ...

Ford makes plea for access to $9 billion in loans - Marketwatch
WASHINGTON (MarketWatch) - Ford Motor Co., the first of the domestic automakers to make a second pitch for a federal lifeline, laid out plans to Congress on Tuesday to return to profitability by 2011 in hopes of gaining access to $9 billion in ...

Sales swoon continues as automakers deliver bailout plans - Detroit News
It's another day of bad news and bailouts, as auto sales plummet for another month and Detroit's beleaguered Big Three head back to Washington to submit plans justifying their appeal for $25 billion in emergency loans for the domestic carmakers ...

Stocks bounce back after steep selloff - Seattle Post Intelligencer
NEW YORK -- Wall Street rebounded Tuesday, regaining some of the ground lost in the previous session's huge drop, as the potential for a bailout of the beleaguered auto industry helped calm investors. The Dow Jones industrials rose nearly 225 points ...

Big Three Submit Plans for Government Money - The Washington Independent.com
Executive bonuses scrapped. Private jets sold. Chief executives volunteering to accept a yearly salary of $1. It?s not the end of capitalism. It?s just a sign that U.S. automakers are desperately in need of government help. Hoping for a cash ...

Ford Motor Co. asks Congress for $9B line of credit; says it hopes not ... - Minneapolis Star Tribune
Chip Somodevilla, Getty Images President and CEO of the Ford Motor Company Alan Mulally tleaders of the "Big Three" Detroit automakers and the head of the union that represents their workers were on Capitol Hill to ask lawmakers for $25 billion ...

Easy Credit Isn't So Easy Anymore - Washington Examiner
Detroit's Big Three automakers are back in town today, hat in hand, begging for $25 billion or more in government aid. And that reminds me of a reality that may shock a lot of very smart and sophisticated people in places like Washington, D.C., New ...

Related Social Bookmarks

None found at this time.


News Directory

Get started fast by using a pre-defined news directory category

Breaking News
and Top Stories
Business
Earnings, Economy, Personal Finance, and Stock Markets
Entertainment
Books, Celebrity, Fashion, Movies, Music, Television, and Theatre
Health
Aging, Diseases, Medical Conditions, Medications, Sexual Health, and Weight Loss
Politics
Congress, Supreme Court, and White House
Science
Animals, Astronomy, Biotechnology, Space, and Weather
Sports
Baseball, Basketball, Boxing, Football, Golf, Hockey, Motor Sports, Soccer, and Tennis
Technology
Communications, Hardware, Internet, Personal Technology, and Software
United States
and Crimes and Trials
World
Africa, Antartica, Asia, Australia, Canada, Europe, Latin America, and Middle East


© Copyright 2005-2006 News Meme, All Rights Reserved | More News | Link Index | OSWD Design

Powered by Odin Assemble 2.5a