Auto Industry

This just crossing ... the UAW is unhappy with some terms of the auto loan and will ask President-Elect Barack Obama to change some of the terms it views as 'unfair.' The union demanded the loan - got it  less than 2 hours ago - and now wants it changed.  You can't make this stuff up, folks. Below is the official UAW release.   It's clear they believe the incoming administration will ... read more

Quick thoughts on the auto rescue loan news... GM and Chrysler received their loans from the U.S. government today.   Ford is not participating in the program.    General Motors and Chrysler will get $13.4 billion now, with GM to receive another $4 billion in February.    The loan requires the automakers to become "viable" by the end of March, 2009.    As I wrote last week, ... read more

How do we fix GM, Ford and Chrysler? That's the question being asked from Detroit to D.C.    The issues being discussed and debated are sold as complex.  At first glance they seem to be, primarily because everybody is trying to analyze every possible problem and solution.  Me included. Then I realized that over analysis is unnecessary.  The problems are easy to understand and ... read more