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Chrysler Could Endure Another Credit Rating CutThe Freep reports that Fitch is eying another credit downgrade for Chrysler LLC. Why? Where to begin? Chrysler CEO Bob Nardelli could have been too forthcoming in his House Financial Services Committee testimony. You know, the parts about being in “a very fragile position,” having onl... |
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Editorial: China Could Buy 433 General Motors With Their T Bills AloneWe made a huge mistake with our "SAIC may buy GM" story. We paid for our sins. The story created so much traffic that it literally melted two servers. TTAC's China Syndrome. As you are painfully aware, TTAC was out of commission several times yesterday. A day after the story broke, the ... |
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Bailout Watch 226: Senate Reaches Compromise on Bailout BillMSNBC is reporting that auto-state senators’ aides say they’ve reached a compromise to throw money at “speed emergency loans” to Chrysler, Ford and GM. And speed is the drug of choice here. After The Big 2.8’s CEO shot themselves in their collective feet in front of ... |
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Daily Podcast: Yesterday’s Podcast TodayWhen there’s less to do, it’s harder to get things done. This is a rule. The same as the one about peanut butter and dogs. Anyway, Robert and I spoke about all things bailout on Wednesday. And in other news, the V8 version of the Pontiac G8 gets better pricing with every day - 2008 [.... |
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Aussie Camera Company Banks Big Bucks from Ailing AmericaAt its annual shareholder meeting in Melbourne, Australia yesterday, Redflex announced it had become the largest photo enforcement vendor in the world. Redflex officials cited worsening US economic conditions as a key factor in its success, as municipal leaders across America face declining incom... |
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Bailout Watch 225: Die Another Day?Detroit has had some time to get used to watching the hometown team lose. After the D3 Execs’ dismal performance in DC, most of the country feels confident that federal moolah won’t flood Motown, but for the Detroit dead-enders, hope springs eternal. And their congressional enablers a... |
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