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Automobiles and Components

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  • White House "Last Stop" For Automakers? Friday, 12 Dec 2008 | 9:19 AM ET

    With the failure to pass an auto loan bill, the Treasury Department is now essentially the "last line of defense" for the auto makers. They can now provide a bridge loan through the TARP, or provide or guarantee a debtor-in-possession facility to fund a pre-packaged Chapter 11 proceeding.

  • Time to Reverse Bank Bailout: Economist Friday, 12 Dec 2008 | 8:23 AM ET

    The Senate rejected the bill for a $14 billion U.S. auto bailout on Thursday, sending global stocks plummeting.

  • Chysler Cash Will Run Short in Jan. Friday, 12 Dec 2008 | 5:27 AM ET
    2007 Chrysler 300

    Chrysler is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year, according to its chief financial officer.

  • Market Insider: Friday Look Ahead Friday, 12 Dec 2008 | 12:33 AM ET

    Some days, the bad news is just plain bad. Senate's failure to reach an agreement on the auto bailout package looks set to drive markets lower Friday and that could most certainly mean a bankrupt General Motors.

  • Consumer Alert: Airbag Fraud Thursday, 11 Dec 2008 | 10:03 PM ET

    If you're in the market for a used car, read on. Your safety depends on it.

  • Cramer's Call on GM, Ford Convertibles Thursday, 11 Dec 2008 | 1:45 PM ET

    We're not talking about soft tops here. Find out why preferred shares might be the best way to play the autos bailout.

  • Auto Bailout: Republicans Tap Into Worry Among Americans Thursday, 11 Dec 2008 | 10:00 AM ET
    Big 3 Bailout

    You have to give it to the Senate Republicans. Senators Shelby, Corker, Ensign and their colleagues in the GOP have been loud and effective in slowing down, if not jeopardizing the $14 Billion auto bailout package.

  • Morgan Stanley Paints Bleak Outlook for Euro Autos Thursday, 11 Dec 2008 | 6:19 AM ET

    Shares in European automotive companies traded lower Thursday after Morgan Stanley revised down its ratings and price targets for most of them.

  • Market Insider: Thursday Look Ahead Wednesday, 10 Dec 2008 | 7:15 PM ET

    The auto industry bailout will drive the market again Thursday as lawmakers haggle over the details of a temporary rescue plan for the big three.

  • Americans Glum on Crisis, Hopeful on Obama: Poll Wednesday, 10 Dec 2008 | 6:34 PM ET
    Barack Obama

    Americans remain downbeat about the economy, corporate America and the government's handling of the financial crisis, but optimistic about Barack Obama's ability to turn things around, according to a new NBC News/Wall Street Journal poll.

  • UPDATE: Waiting On Detroit Deal Wednesday, 10 Dec 2008 | 6:02 PM ET

    The auto bailout could be in trouble, according to CNBC’s John Harwood.

  • Stocks Close Higher After Late Rebound Wednesday, 10 Dec 2008 | 4:24 PM ET

    Stocks closed higher as a rebound in oil prices boosted energy shares and offset worries about the fate of the auto industry bailout.

  • Stocks Rally as Oil Regains, Tech Surges Wednesday, 10 Dec 2008 | 12:58 PM ET

    Stocks rode the enthusiasm over an auto makers bailout and a swift round of profit-taking to stage a rally Wednesday that offset some of the previous day's losses.

  • See What People Are Saying About... Auto Bailout Wednesday, 10 Dec 2008 | 12:55 PM ET

    Ray T from Indiana writes, "We are loaning the auto companies $15 billion to keep them open for the next 4 months to make 3 million cars we don't want. That is $5000 for each!

  • GMAC Hits Big Roadblock In Bid to Become a Bank Wednesday, 10 Dec 2008 | 11:52 AM ET

    GMAC Financial Services, the financing arm of General Motors, said it hasn't raised enough capital to become a bank holding company and qualify for aid under the government's $700 billion bank rescue plan.

  • GMAC Hits Big Roadblock In Bid to Become a Bank Wednesday, 10 Dec 2008 | 11:01 AM ET

    GMAC, the troubled auto and mortgage lender, warned it may not have enough capital to become a bankholding company, the latest blow to the battered auto industry.

  • $73 an Hour: Adding It Up Wednesday, 10 Dec 2008 | 10:29 AM ET

    Seventy-three dollars an hour. That figure has become a big symbol in the fight over what should happen to Detroit, but is it reaaly what a UAW worker earns?

  • Busch: Fed's Reach Into Private Sector Has Limits Wednesday, 10 Dec 2008 | 9:50 AM ET
    Andrew Busch

    At the minimum, government is inefficient in allocating resources. At the worst, they allocate resources based on political favors and based on enacting social policy. This is why the letter by Fed Chairman Ben Bernanke is a step in the right direction.

  • The "Car Czar" Needs A Big Hammer For Big 3 Wednesday, 10 Dec 2008 | 9:31 AM ET
    Alan Mullaly, Robert Nardelli, and Rick Wagoner

    If Washington approves this $15 Billion bailout by the end of today or tomorrow (and yes, I think that will happen) the question will turn to who becomes the "Car Czar." It will be a presidential appointment and it will be crucial to determining if this auto bailout actually works.

  • Stocks Pushed Higher By Auto Bailout Wednesday, 10 Dec 2008 | 9:00 AM ET

    U.S. stocks looked set for a sharp jump higher at the open Wednesday, as a looming deal to bail out Detroit auto makers raised investor enthusiasm for the industry.