As Sweden-based automakers Saab and Volvo have watched their parent companies (GM and Ford, respectively) grovel unsuccessfully before the U.S. government, they too have been hard at work lobbying for a little bailout love from their mother country. Apparently more persuasive orators then the Detroit 3, the Swedish 2 have been largely successful in securing [...]

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The White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15 billion proposal for bailing out U.S. automakers and forcing them to restructure or fail, officials said.
A Bush administration official and a Democratic leadership aide said the outline covered key points but final issues needed to be resolved and [...]

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Yes, it’s true. Check it out here: http://www.chryslerllc.com/en/.

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There is no doubt the current recession and credit crunch has been hitting Americans’ squarely in the wallet, but there appears to be at least one bit of silver lining to the economic downturn – lower gas prices.
For the month of January, crude oil futures fell to just $43.67, the lowest per barrel price since [...]

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GM today announced that it is ceasing operations at General Motors Air Transportation Services (GMATS) at Detroit Metro Airport.
Due to significant cutbacks over the past months, GM travel volume no longer justifies a dedicated corporate aircraft operation.
GM is currently exploring options for transferring its aircraft to another operator. The company is pursuing sale of four [...]

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