Apathy and Ignorance are Detroit’s Worst Enemies
WASHINGTON (CNN) — A national poll suggests that six in 10 Americans oppose using taxpayer money to help the ailing major U.S. auto companies.

Auto industry executives testify November 19 before Congress.

Sixty-one percent of those questioned in a CNN/Opinion Research Corp. survey out Wednesday are dead set against […]

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U.S. Steel Closing Great Lakes Plant in Ecorse Along With Two Others
U.S. Steel Corp. said late Tuesday that it will temporarily idle its Great Lakes Works plant in Ecorse and two other facilities in a move to reduce production amid falling demand for its steel products.
The action will affect roughly 3,500 workers at the three […]

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Bailouts for Bankers but Nothing for Detroit Automakers?
This is the part of our nation’s surreal economic crisis that seems particularly surreal:
The US auto industry, which employs 3 million Americans in auto plants, parts and supplier networks and dealerships nationwide is broadly understood as being essential to maintaining America as an industrial force.
It’s financial collapse, which […]

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Detroit Auto Industry Is Forever Changed Due to Credit Crunch
LANSING, Mich. — Detroit’s Big Three automakers are forever changed by the current credit crisis, according to a study done by a well-known Michigan economics firm.
The study, from Lansing-based Anderson Economic Group, gives a stark peek into the auto business and reports bankruptcy, radical restructuring […]

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Congress Gives Citibank Bailout Cash But None for Detroit Automakers
The feds pump another $20 billion into teetering Citigroup Inc. and insure $306 billion in bad assets just days after Congress slaps Detroit’s automakers for failing to table “a plan” to justify $25 billion in loans and folks ’round here cry, “Double standard! Double standard!”
Double standard? […]

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Big Three Automaker Bailout Meets Republican Resistance
WASHINGTON (Reuters) - A key Republican Senator said on Sunday it was “pretty clear” a $25 billion bailout proposal for U.S. automakers will fail in the U.S. Senate, while Democrats argued saving the industry was critical to the U.S. economy.
The Senate is slated on Monday to begin debating emergency […]

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The Cost of GM’s Death
DETROIT, Nov 14, 2008 /PRNewswire via COMTEX/ — The following is being issued by Automotive News:
If Congress thinks a bailout of General Motors is expensive, it should consider the cost of a GM failure. Let’s be clear. The alternative to government cash for GM is not a dreamy Chapter […]

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Preparation Not Panic is the Answer to the Troubled Economic Times Ahead
NEW YORK (CNN) — Despite the best efforts of our politicians to convince us otherwise, there is no easy way out of the financial crisis we’ve created.
Gimmicks and Band-Aids won’t solve the underlying problem; they just delay its impact until after the election. While […]

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I’ve been working down in Maysville, Kentucky at the Spurlock Powerhouse in the Ohio River Valley.
While the work picture has been getting worse in IBEW Local 58, things are still humming along the Ohio River in Maysville.
There are three powerhouses within a ten mile radius of Maysville, KY and Aberdeen, OH. Killen Station is […]

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Big Three Automakers seek $50 Billion in Federal Loans to Help Retool Plants
WASHINGTON — Detroit’s Big Three automakers are planning an aggressive push on Capitol Hill as they seek up to $50 billion in low-cost loans to speed the development and production of more fuel-efficient vehicles.
General Motors Corp., Ford Motor Co. and Chrysler LLC would […]

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