I believe that being energy independent is not only something we should strive to do for our economic well being, but it should be considered a national security issue as well.  One of the fastest ways we can do this is through the use of electric cars.  I don’t feel that they’re ready to completely [...]

It appears as though both GM and GMAC are getting access to the TARP fund created by congress: General Motors shares are up after its GMAC finance affiliate was given approval for bank holding status, thus achieving eligibility for government loans.  GMAC is a critical part of General Motors, as it finances three-fourths of the [...]

Dear Employees, As this eventful year draws to a close, I’d just like to take a moment and once again express my personal appreciation and thank you for your commitment and dedication to Chrysler LLC. Reflecting back on the year, I’m sure we can all agree that this one stands out for the extraordinary challenges [...]

President Bush announced a rescue plan for General Motors and Chrysler LLC Friday morning that will make $13.4 billion in federal loans available almost immediately.A senior administration official briefing reporters said he expects that GMand Chrysler LLC will be signing the loan papers to access the cash later Friday morning. The money will come from [...]

President Bush today announced that Detroit would gain access to some of the TARP fund.  He is allocating $9.4 billion to GM and $4 billion to Chrysler.  The White House expects officials from GM and Chrysler to sign the papers this morning so they can gain access to the cash later today. The loan terms [...]

While many believe that Chrysler won’t be around in a couple of years, Chrysler is moving ahead with plans to electrify the automobile. And, in a CNN piece, Chrysler took a poke at the Chevy Volt and claimed that it wouldn’t be a one trick pony, or “one electric vehicle company.” Thus, Chrysler’s big EV [...]

Toyota Motor Corp. is shelving its plans to build the popular Prius hybrid in Mississippi as the slump in the auto industry continues to hobble the Japanese carmaker known for it emphasis on fuel-sipping vehicles. Toyota’s plant under construction in Blue Springs, Miss., was scheduled to begin production in 2010, marking the first time the [...]

General Motors Corp., anxiously awaiting a government loan so it can continue operations into 2009 said Wednesday it will halt one of its most important projects to save money should a Washington bailout fall through. The cash-strapped automaker is putting the breaks on the construction of a factory in Flint, Mich. set to make 1.4 [...]

General Motors Corp., anxiously awaiting a government loan so it can continue operations into 2009 said Wednesday it will halt one of its most important projects to save money should a Washington bailout fall through. The cash-strapped automaker is putting the breaks on the construction of a factory in Flint, Mich. set to make 1.4 [...]

Toyota Motor Corp. is shelving its plans to build the popular Prius hybrid in Mississippi as the slump in the auto industry continues to hobble the Japanese carmaker known for it emphasis on fuel-sipping vehicles. Toyota’s plant under construction in Blue Springs, Miss., was scheduled to begin production in 2010, marking the first time the [...]