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GMAC Receives TARP Funding; Immediately Offers Better Terms
By Chris Haak 12.30.2008 The US Treasury announced yesterday that it had approved a $6 billion financial assistance package for GMAC, the...
2009 Acura RL Review
By Chris Haak 12.27.2008 Acura launched the current generation RL flagship sedan for the 2005 model year and had great expectations for...
Bob Lutz, the Original ‘Car Czar’
By Sam Boni 12.25.2008 They called him Mr. Horsepower. Born in Switzerland, he is the only top executive who worked in that capacity (in...
On-Again, Off-Again GM-Chrysler Merger Talks Are On Again
The Wall Street Journal reported today that the merger talks between GM and Chrysler - which have been publicly acknowledged at least three...
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Toronto-Dominion Bank To Buy Chrysler Financial
By Chris Haak Toronto-Dominion, the second-largest bank in Canada based on deposits, announced today that it has acquired Chrysler...
GM Displays Model-Name ADD Again, Changing Aveo to Sonic
By Chris Haak One doesn't need to dig very deeply into the history books to see that GM has shown a pattern of releasing a vehicle that -...
Grid | Some Query
White House Signals that TARP Money Might Be Used for...
By Chris Haak 12.12.2008 President Bush, probably (and fortunately) eager to avoid the black eye on his administration's legacy should GM...
Detroit Bailout Dies in the Senate
In the face of Senate Republican opposition, the $14 billion auto industry aid bill that passed in the House of Representatives on Tuesday...
What is Richard Shelby’s Problem?
With word that the US House of Representatives has passed an auto industry rescue bill last night, the next step, of course, is to have the...
WSJ Reports That Chrysler Hires Bankruptcy Firm Jones Day
By Chris Haak 12.05.2008 With the congressional hearings on auto industry assistance still in progress, I happened to walk past a TV...