Chrysler Group CEO Sergio Marchionne has announced that the automaker will pay bonuses to its hourly and salaried employees, reports the Detroit Free Press. Via a corporate e-mail sent Jan. 31, Marchionne praised Chrysler employees for contributing to the introduction of 16 new or revamped cars in 2010. Bonuses will be delivered on Feb. 11, Read on! →


The Big Three domestic automakers have been desperate to recapture the market share from foreign auto firms. Since the recession began, all three firms have been trying to boost the bottom line and get more people buying American again. The auto rebate offered by the government for buying more fuel efficient vehicles helped. General Motors Read on! →


If you had faith in the American government’s ability to repay you for your contribution to TARP, I have a suggestion for you: refuse to be delusional. “Faith is belief in spite of, even perhaps because of, the lack of evidence,” says Richard Dawkins. I’d say that when it comes to our money and politics, Read on! →


Back in 2006 – before America’s economy took a nosedive and automakers begged at the government’s door – Ford considered its status among American automakers. The company pondered long and hard about how it got where it was and decided that going its own way was vital to its success when its brand needed help. Read on! →


The economic climate of recession and the resulting taxpayer auto bailout apparently still has automakers gun shy, reports Automotive News. That’s because low factory inventory is becoming the rule rather than the exception lately. The result of this is that dealers need more cars to sell, as they cannot meet rising demand. An online survey Read on! →


At a Campaign 2012 stop before members of United Auto Workers in Toledo, Ohio, on Thursday, Vice President Joe Biden called out Mitt Romney and the Republican Party over failure to support the auto bailouts. The Detroit Free Press reports that Biden went on to cast President Obama as an advocate of middle-class America, while Read on! →


U.S. taxpayers are still owed $132.9 billion by companies that haven’t repaid their Troubled Asset Relief Program debt, reports the Detroit Free Press. Some of it will never be recovered from the automakers that were deemed β€œtoo big to fail.” Years of auto bailout blues Launched at the zenith of the financial crisis in September Read on! →


Surviving the black plague of global recession was no small task for the Ford Motor Company, but it emerged from the smoking crater in which companies like General Motors continue to wallow. The auto bailout may have kept other automakers afloat, but it did a great deal of damage to reputations in the process. Ford Read on! →


Auto dealers believe that they’re already regulated enough by federal and state laws, which is part of the reason why roughly 100 dealers are lining up to lobby lawmakers over the new Senate auto finance bill, reports the Detroit Free Press. Car dealers fear that additional restraint would “limit credit for customers and hurt the Read on! →


General Motors gave Detroit Tigers pitcher Armando Galarraga a Corvette following his near-perfect game. The 2010 Chevrolet Corvette convertible is worth $53,000, but Crain’s Detroit Business reports that the media exposure the gesture brought to GM was worth approximately $9 million. A non-contracted study by research group Joyce Julius & Associates Inc. tracked the exposure Read on! →