Last week the senate denied the automakers a $14 billion emergency loan (it was actually coming out of the $25 billion loan that is already promised to them, but not being released) saying that the UAW is to blame because the UAW woudn’t make more concessions.  The stock market and the value of the dollar [...]

The senate didn’t pass the bailout legislation yesterday citing unwillingness of the UAW to take pay cuts to bring them inline with the Japanese automakers pay.  Nardelli sent a letter to his employees, here is what it said: Dear Employees: We are all obviously disappointed in what transpired in the Senate last night. While a [...]

The economy is bad and while the computer industry has been hard hit, the hardest hit of all may be the automotive industry. Executives from the largest American automakers have been begging for help from the U.S. government, despite flying down to beg for money in private jets. In the midst of the economic turmoil, [...]

Bob Lutz told CNBC that Chairman and CEO Rick Wagoner should not be made a “sacrificial lamb” as a condition of the company receiving federal loan package Lutz’s comments on the news channel this morning were in response to congressional leaders’ weekend calls for management changes at GM as a condition of any federal aid [...]

We all know that the Dodge EV is based on a Lotus Europa.  The yellow car with black stipes down the hood is what we were introduced too.  However, none of us thought that it was a Dodge when we looked at it.  The production car is going to get a face lift, probably something [...]

With lawmakers drawing closer to a loan deal to save Chrysler and General Motors, Chrysler CEO Bob Nardelli told workers this morning that he is “very encouraged by developments over the weekend.” “While the situation in Washington remains dynamic, I am very encouraged by the developments over the weekend and the growing interest shown by [...]

A compromise pact to provide at least $15 billion in loans to General Motors Corp. and Chrysler LLC could be unveiled within the next 24 hours, Michigan Sen. Carl Levin said Sunday. “I think they’re very close to a deal, I’m very confident there will be a deal, and that will happen within 24 hours,” [...]

Chrysler’s LX-based vehicles – the Dodge Charger and Chrysler 300 – aren’t exactly the most fuel-efficient vehicles on the road, but the next iterations of LX cars will be much more fuel friendly. Chrysler is making drastic changes to both cars in order to comply with upcoming CAFE regulations. Re-designed versions of the Dodge Charger [...]

On Thursday and  Friday December 4th and 5th from 11am to 12 noon, Chrysler will showcase the Company’s progress in advanced electric vehicle technology on the grounds of the U.S. Capitol with three ENVI vehicle concepts, one for each of its brands — Chrysler, Dodge and Jeep(R). On Thursday, the electric vehicles will be positioned on the North Side [...]

GM CEO Rick Wagoner has announced that instead of flying or taking the train or bus, he’ll be driving to Washington to meet with them tomorrow.  He’ll be driving in our favorite car, the Volt.  This is a message to DC that GM is thinking forward and can help this country a great deal in [...]