The News Review:
- Officials say auto CEOs must be specific on bailout plans
- Obama Adviser Issues Warning To Detroit Auto Makers – AP
- US Auto Makers Look to Federal Sales Incentives
- Past auto bailouts have critical lessons for US now
- LA Auto Show pushes efficiency
- Pelosi: ‘Not Helping The Auto Industry Is Not An Option’
Officials say auto CEOs must be specific on bailout plans
USA Today
“What we can’t give is a blank check for an industry that isn’t prepared to retool itself,” David Axelrod, a senior adviser to President-elect Barack Obama, said on Fox News Sunday. “I would hope they will come back to Washington in early December on commercial flights with a plan to do that. ”
Key policymakers on the Sunday news shows warned that efforts to help the auto industry have been complicated by its CEOs, who flew private jets to Washington last week to ask for a bailout and failed to present a convincing business plan. “That was crazy,” Austan Goolsbee, one of Obama’s top economic advisers, said on CBS’ Face the Nation.
Obama Adviser Issues Warning To Detroit Auto Makers – AP
CNNMoney.com
automakers that without a plan to retool and restructure, there is very littletaxpayers can do to help, The Associated Press reported Sunday. He said Congressis sending the right signal to the industry by demanding that the companiesexplain how they would reorganize themselves and make the industry viable.
US Auto Makers Look to Federal Sales Incentives
Wall Street Journal
Their solution: Get Washington to help them sell more cars. General Motors Corp. and Chrysler LLC may go back to Washington and urge Congress to take measures to spur consumer demand, in addition to providing the $25 billion in loans the auto companies seek.
Related from Sales-monster: Ford Marketing Chief: November Industry Sales Are “Terrible”
Past auto bailouts have critical lessons for US now
guardian.co.uk, UK
lawmakers could do well to study two past auto bailouts : one afailure, the other a success. The failure is strike-prone British Leyland’snationalization in the 1970s. The success, at least until theevents of the past two years, was Chrysler’s turnaround in the1980s.
LA Auto Show pushes efficiency
Detroit Free Press, United States
Auto Show pushes efficiency | Freep. com | Detroit Free Press.
Pelosi: ‘Not Helping The Auto Industry Is Not An Option’
CBS News, NY
"In an interview on CBS’ Face the Nation, Pelosi said Congress is willing to help the Detroit automakers if they layout a thorough plan in the coming days. "We believe the American people need accountability," Pelosi said. "They need to know what they money is for. ""What we are saying to Detroit should be very good news to them and that is we want to be their partners," Pelosi added.