“Ordinary bankruptcy would have been a trauma, no question. It would have meant pain for laid-off workers and exacerbated the recession, even if the auto makers posed no systemic risk. The taxpayer Continue Reading
April 2, 2010
California’s last auto plant shuts its doors
By AP The last car has rolled off the production lines at California's sole auto plant. Workers are trickling out of the New United Motor Manufacturing plant in Fremont as they complete their Continue Reading
March 3, 2010
U.S. Auto Sales Plow Ahead Despite Snow, Toyota
By MoneyNews Automakers plowed through a snowy February to better-than-expected sales, and new incentives led by beleaguered Toyota will keep the momentum going into spring. Despite some Continue Reading
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