News From the Auto Industry

www.cbc.ca In these tough economic times, the auto industry is struggling. Let The Hour and Gerry Dee put some light on the issue.

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On Happening Now on FOX, Virg Bernero, the Mayor of Lansing, Mich., goes off on Wall Street and that the Union members at the auto industry have already given up enough. He went on to say that the auto companies should be giving their workers health care, including health care for life. He said that the auto companies helped create the middle class by giving its workers such great benefits. Bernero said that our auto companies are on an unfair playing field with foreign auto companies.

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White House Denies Attempt to Link Auto Industry Bailout to Colombia Pact The Bush administration is denying reports it wants to link aid to the auto industry to Democratic support for a free trade pact with Colombia. Democratic lawmakers, meanwhile, are preparing to push for emergency legislation to help the automakers during the lame-duck session of Congress next week. We speak to Mark Brenner of Labor Notes and Hofstra University professor and journalist Mario Murillo here in New York. [includes rush transcript]

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When they fought the auto industry bailout tooth and nail?

Hard not to suspect that they’re just looking to score.

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At some dealerships, cars are still rolling off the lot but they continue to move very slowly. So could a retooled GM actually be good for the auto industry as a whole? (June 1)

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These two companies and nissan included had the foresight to see that people were going to want eco-friendly cars and now the U.S auto industry wants me to bail them out for continually making trucks and not having the foresight to build High MPG automobiles?

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The President announces that his Auto Task Force has completed its evaluation of General Motors and Chrysler, and gives his response. (public domain)

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Does anyone know what the auto industry would give to the government in return for bailing them out? Any links would br great.

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Economically speaking when did market failure occur in the North American auto industry for GM, Chrysler, and Ford?

My guess is the market failed due to government intervention and people had to pay taxes for the bailout? But I don’t know how and if this is even right.

Thanks to anyone who has some insite on this.

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