Bill Heard Enterprises Folding Dealerships Nationwide
One of the nation’s largest car dealerships has closed sales operations, possibly forever. Bill Heard Enterprises Inc., which operates the Bill Heard Chevrolet dealership in Plant City, closed its...
View ArticleMSM: Chrysler to cut 25 percent of salaried work force
DETROIT – Chrysler LLC, whose owner has been in talks to sell the automaker to General Motors Corp., said Friday it will cut 25 percent of its salaried work force starting next month and warned that it...
View ArticleMSM: US motor industry: The great breakdown
Such is the severity of the downturn in the global car industry that US manufacturers are now pushing for their own state bailout. Stephen Foley reports from New York Why stop at the banks? Now...
View ArticleMSM: Auto Sales Worst Since 1983
Shell-shocked consumers stay away from showrooms. GM sales down by 45%, Ford off 30%, and Toyota 23% A combination of plunging consumer confidence and shortage of credit is pushing auto sales to their...
View ArticleMSM: GM hits lowest price since Depression
Shares dipped to $1.70 as hope fades that automakers could get financial bailout from Congress before Thanksgiving. NEW YORK (AP) — Shares of General Motors Corp. plummeted to a low not seen since the...
View ArticleMSM: Car Sales Crater Worldwide
PARIS (Reuters) – The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and...
View ArticleVideo: Ron Paul – Printing Money Only Prolongs The Pain
[youtube=http://www.youtube.com/watch?v=-3QC1sfQ9RQ] Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the...
View ArticleGM to temporarily close 20 plants to slash output
General Motors Corp. said Friday it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile...
View ArticleMSM: Possible Toyota job cuts as auto crisis rolls
(Reuters) – A warning of unprecedented staff cuts at Toyota, the world’s biggest auto maker, and word of a possible first quarter loss by Volkswagen piled fresh pressure on struggling car manufacturers...
View ArticleMSM: GM, Ford, Chrysler Lost About 988 Auto Dealers During 2008
General Motors Corp., Ford Motor Co., and Chrysler LLC said about 988 of their auto dealerships closed or were consolidated last year. The automakers, meeting with dealers at the National Automobile...
View ArticleMSM: GM plans almost 50,000 job cuts as it seeks $16.6bn
General Motors plans to axe costs by cutting almost 50,000 jobs in return for more billion-dollar loans from the US government. The car company late on Tuesday asked the US government for an another...
View ArticleGM, Amtrak and an Increasingly Fascist America – Ron Paul
Last week, General Motors finally declared bankruptcy. Many in government thought $20 billion in taxpayer dollars would save the company, but as predicted, it only postponed the inevitable. The...
View ArticleFifty thousand General Motors retirees face destruction of benefits
The bankruptcy of General Motors, and the organization of a “new” auto company in its place, is being carried out at the expense of tens of thousands of active and retired auto workers, along with...
View Article“We don’t want your tired, poor, huddled masses yearning to trash the planet”...
(Robert Singer) – Having trouble understanding the events since the October 2008 financial crisis? Any of this sound familiar: * · Banks hoarding their TARP funds * · Gas prices going up when they...
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