Dec 08 Could You Help Me Understand Credit Default Swap in Terms of Purchasing a Car? Question/Comment: The lease is up on my Lexus and I inquired about buying it. Lexus financial said that I’d have to pay the residual value from the lease. That amount is $10,000 over market value. It was later explained to… Continue reading
Dec 08 Markets See Early Lift on Infrastructure, Auto Bailout Plans By Admin, PBS News Hour U.S. stocks enjoyed an upbeat opening Monday as investors reacted to President-elect Barack Obama's plan to launch an infrastructure spending package to boost job growth and news that a deal on bailing out Detroit's Big Three automakers may be near. Continue reading
Dec 04 Auto Execs Renew Case for Government Aid By PBS News Hour Leaders of Detroit's Big Three automakers returned to Capitol Hill Thursday to renew their case for an expanded $34 billion rescue package, but heard fresh skepticism from lawmakers on their plea. Continue reading
Nov 17 Congress Set to Debate U.S. Auto Industry Bailout By Admin, PBS News Hour Congress returns to Washington Monday to convene a lame-duck session with the struggling auto industry as its first priority. Democrats want to use part of the $700 billion Wall Street bailout for emergency loans to help the Big Three carmakers. Continue reading
Nov 11 Global, U.S. Markets Struggle as Worries Persist for Automakers By Admin, PBS News Hour Global financial troubles worsened Tuesday as stocks fell in many markets and analysts grew more concerned that the worldwide economic downturn is deepening. Continue reading
Jul 01 Nearly Every U.S. Automaker Posts Double-digit Sales Losses in June By PBS News Hour Amid record-high gas prices, a slumping economy and consumer jitters, U.S. auto sales plummeted in June, but General Motors managed to retain its No. 1 spot ahead of Toyota thanks, in part, to a six-day sale featuring zero-percent financing offers. Continue reading
Mar 26 Watch President Urges Automakers to Ramp Up Production of Ethanol-fueled Cars President Bush pressed major U.S. automakers Monday to increase production of vehicles capable of running on ethanol and other biofuel blends as part of his proposal to reduce gas use. Robert Dinneen of the Renewable Fuels Association and Energy Tribune's… Continue watching