Auto Industry


Marcy Wheeler's picture

Toyota Plant: The Competition Is With Canada (and Mexico)

By Marcy Wheeler
July 31, 2009

I've been meaning to cover the likely closure of the joint Toyota-GM plant in Fremont, Calif., for some time. But this comment from DiFi is worth a post in itself.

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Who’s Dismantling GM?

By Laura Flanders
From lauraflanders.firedoglake.com
June 3rd, 2009

lauraflanders.firedoglake.com — This gives you a sense of what the newspaper of record's priorities are: While The New York Times is ho-hum about the fact that a guy who's given little thought to the auto industry and the problems it faced and had never set foot in an auto assembly plant is designing the future for GM and its staff, it is hyping the threat of Iran getting nuclear weapons.

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A Lemon of a Bailout

By Eugene Robinson
From truthdig.com
June 2nd, 2009

truthdig.com — With the company’s bankruptcy filing on Monday, we the people have become majority owners of a museum-quality piece of industrial history. President Obama said his administration plans to leave management of the company to the professionals. At this point, I have to wonder why.

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The 'New GM': Layoffs, Factory Closings, Offshoring

By John Nichols
From thenation.com
June 1st, 2009

thenation.com — The trouble with the whole "Nixon goes to China" theory is that sometimes the "bold" gesture is really just more of the same. This is an important reality to recognize as the major media plays up the reshaping of General Motors by the Obama administration's auto-industry task force as a courageous or groundbreaking "new" initiative to "save" domestic automaking.

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Roger Hickey's picture

I Pledge to Buy a Made-in-U.S. Car

By Roger Hickey
May 18, 2009

If lots of us buy American—and Obama and Congress act—we can revive U.S. manufacturing.

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Robert Borosage's picture

What's Good for General Motors Is... Never Mind

By Robert Borosage
May 13, 2009

Is the Obama administration saving General Motors or is it saving auto industry jobs in the U.S.? The two aren't necessarily the same. The administration and Congress need to be clear about the real objective.

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Steven Capozzola's picture

The Bus Ride To Save American Manufacturing

By Steven Capozzola
May 6, 2009

More than 7.2 million paychecks are tied to the U.S. auto industry, and a bus tour the week of May 11 will aim to highlight why we need to "Keep It Made in America."

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Treasury's Bailout Promises Runneth Over

From washingtonpost.com
December 31st, 2008

washingtonpost.com — With the announcement of its $6 billion investment to stabilize GMAC, the Treasury Department has now spent or committed more money than Congress has allocated to its financial rescue program, effectively making more promises than it can afford to keep.

The scorecard: Congress gave Treasury $350 billion; Treasury has allocated $354.4 billion.

The department acknowledges that it needs Congress to approve the second half of the $700 billion rescue package simply to meet its commitments, let alone to address new emergencies. If Congress blocks the additional funding, as some members say they want to do, Treasury could be forced to break promises.

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Bailing Out the Financial Bailout

foreclosure.jpg Unless we give direct help to struggling homeowners in the next phase of the financial bailout, our financial system rests on a ticking time bomb, says Robert Borosage.

Meanwhile, David Sirota finds one public defender of how the bailout has been handled suffers from a conflict of interest. more »

ALLOWING AUTO INDUSTRY TO GO UNDER WOULD CREATE “BODY BLOW” TO SLUMPING ECONOMY

By Toby Chaudhuri
December 4, 2008
12/03/2008

With U.S. automakers facing opposition for an expanded $34 billion rescue package on Capitol Hill today, Campaign for America’s Future co-director Robert Borosage said allowing the auto industry to go under would create a “body blow to the already battered economy.”

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