With Congress set to consider a $25-billion lifeline to the domestic auto industry, the heads of General Motors Corp., Ford Motor Co., Chrysler LLC and the United Auto Workers will be called to Capitol Hill next week to explain why the money is needed and how it will be used to keep the industry alive. [...]

A while back we reported that the Dodge EV had a good chance of being the vehicle that Chrysler puts into production in 2010.  Eventually all three will be in production, but only one of them will get there in 2010, the others will be a bit further off.  We’re now seeing reports that the [...]

A few days ago the leaders of the three Detroit automakers sat down with Democratic leaders to discuss their dire situation.  It seems that they’ve done what they intended to do.  The leaders sent a letter to the treasury asking it to use part of the 700 billion bailout for financial institutions to help out [...]

For that guy elected yesterday, a puzzle is how Detroit’s auto makers should be reshaped by the hand of government — with a taxpayer bailout or by letting bankruptcy judges take charge? Both fixes have their fans, yet neither would really solve the industry’s essential problem. Here’s a better idea, one you haven’t heard before, [...]

So it would seem that Cerberus has no intention of not selling most of their stake in chrysler.  If Nissan had some to the table with more than 20% in their offer Cerberus probably would have taken more time to consider that deal.  For now we’ll have to settle for Chrysler making Nissan’s Titan and [...]

First, I want to point out that most mergers in history are not successful.  Second, I would like to point out that most mergers happen between a company that is doing well and a company that is doing poorly or between a company that is doing well and a company that is doing ok.  I [...]

Renault-Nissan has a presence in the US market through Nissan, but it’s a small one.  The company has been looking for a partner in the US for some time now, they’ve proposed alliances with GM in the past.  Now, at a time when Cerberus seems like it wants to get out of the car business [...]

According to a Wall Street Journal report, talks between General Motors and Cerberus/Chrysler are “floundering” as GM is having a tough time finding investors who would be willing to finance any deal between the two US automakers. General Motors and Chrysler have been suggesting a plan that would save $10 billion while at the same [...]

With all the rumors flying around about the chrysler sale and or merger many journalists have posited that Renault-Nissan is one of the potential buyers.  It makes sense, afterall, Nissan and Chrysler have a close relationship right now.  Starting in 2010 Chrysler will build the Nissan Titan and Nissan will build a small car for [...]