Cars, Candidates, Loans, and Bailouts

[dpeilow]

GM's finance arm tries to reclassify as a bank:

The Associated Press: Unclear if GMAC met final hurdle for bailout funds

 

[dpeilow]

GM's finance arm tries to reclassify as a bank:

The Associated Press: Unclear if GMAC met final hurdle for bailout funds

 

[TEG]

Carpocalypse Now: GMAC Resumes Car Loans To Customers With Crappier Credit

 

[malcolm]

Bit of a misleading title to that Carpocalypse article. As some of the comments state 621 is hardly subprime-ate territory.

 

[dpeilow]

US Fuel Cell Council asks for $1.2 billion to help fuel cells gain a foothold - AutoblogGreen

 

[graham]

and the US Fuel Cell Council thinks that the Feds should find $1.2 billion for a Fuel Cell Stimulus Plan.

I just threw up a little in my mouth...

 

[dpeilow]

Stimulus package could include big bucks for advanced batteries - AutoblogGreen

John Dingell (D-MI) and the rest of the Michigan delegation are preparing to push for at least $1 billion in funding for advanced batteries. Exactly how that will be funded is still unclear. It could come from the existing $25 billion that was allocated in the 2007 energy bill and there have also been proposals to double that funding.

 

[graham]

I suppose this is at least a more appropriate use of those funds than the previous auto bailout.

 

[dpeilow]

A123 applies for $1.84 billion in DOE loans for battery manufacturing - AutoblogGreen

 

[dpeilow]

Now the U.S. porn industry seeks $5billion bailout | Mail Online

Stimulus package: Hustler magazine publisher Larry Flynt is asking for a $5billion bailout for the U.S. porn industry


I'm glad someone is making the point. I like the fact these guys are being so blunt about it. :biggrin:

 

[dpeilow]

BBC NEWS | Politics | Mandelson warns US on car rescues

BBC NEWS | Business | Mandelson considers car loan aid

The UK car industry does not need a bail-out but the government is considering help for manufacturers' financing arms, Lord Mandelson says.

 

[graham]

Perhaps I can submit a proposal for prospective electric car owner needs a bailout. I still haven't figured out how to pay for the other half of my car, and I am running out of time to do so. Maybe I should get a bailout too!

 

[vfx]

Sell!!












.

 

[graham]

 

[doug]

Fears of the industry?

Why Am I Always The Last One to See These Things? | The Truth About Cars

 

[TEG]

That is trying too hard to be 'viral' in a bad sort of way.

 

[doug]

Senator Corker Drops In on Detroit’s Show - NYTimes.com

Mr. Corker, the outspoken Republican who voted against aid for carmakers last month, spent several hours touring the North American International Auto Show surrounded by a crowd of reporters.

He said the visit confirmed his feelings about the companies: that they were an important part of the economy but that their labor costs and other operational aspects needed to change before federal assistance could help them succeed.

 

[dpeilow]

Chrysler auto financing arm to get $1.5 billion loan - Business ? cleveland.com

...

Deutsche Bank analyst says GM may still consider Chapter 11

...

GM wants your help in producing alternative powertrains

GM calls for public/private partnership for future of auto industry

Right now, there are quite a few competing technologies and the lawmakers could sway the development of one or two with the right set of subsidies or investments and automakers could then focus their R&D budgets on those technologies. Energy companies would therefore focus their attention on getting a proper infrastructure in place, which would leave the actual buying of the resulting ready-to-run vehicles to the population at large. Easy, right?

 

[TEG]

GM gets crucial $5.4 bln in U.S. funding: Financial News - Yahoo! Finance

 

[dpeilow]

Jaguar's reborn XJ220 | Auto Express News | News | Auto Express

Despite Auto Express’s scoop, Jaguar is denying this car exists. A spokesperson insisted that it was not in the company’s product plans… Speaking at the Detroit Motor Show, Jaguar managing director Mike O’Driscoll didn’t rule out the potential to add to the line-up, but claimed the company’s focus at present was solidly on the XK, XF and forthcoming XJ.

Well you wouldn't want to say this was in the works when you had your hand out to the government, would you?

Yet despite the new Jaguar’s huge performance potential, environmental credentials are set to be at the top of the agenda. CO2 emissions will be less than 300g/km, while the powerplant will be capable of running on biofuel-blended petrol – so the newcomer will be one of the cleanest high-performance cars money can buy.

You've got to love the line of green spin they put on these things...