The News Review:
- Lawmakers Questioning White House on Auto Bailout
- On the auto industry’s woes: Just stick on another brand …
- Johnson Controls Sees 1Q Loss ’09 Auto Sales At 9.3M
- Subaru LEGACY CONCEPT to Debut at the North American International …
- Bush says working expeditiously on autos aid-CNN
Lawmakers Questioning White House on Auto Bailout
FOXNews
AP Wednesday December 17 2008 show_baynote_guide(“ArticleGuide”); WASHINGTON — The Bush administration faces pressure from liberal and conservative wings of Congress over a looming U. auto industry bailout as it reviews options to revive the downtrodden industry. Conservative Republicans implored the White House not to use money from the $700 billion bailout for the U.
Related from Liquidityx: FOREX-Dollar yen slip on hopes for US auto bailout
On the auto industry’s woes: Just stick on another brand …
Dallas Morning News TX
The obvious move for our Big Three auto industry is that of bankruptcy downsizing and restructuring to rid the companies of debt outdated manufacturing methods and overpaid workers and front-office hierarchy. Alternatively they could put Honda and Toyota emblems on their cars. Bob Dewberry Dallas.
Johnson Controls Sees 1Q Loss ’09 Auto Sales At 9.3M
CNNMoney.com
The company warned of a loss in its fiscal first quarter to Dec. 31 andtrimmed investment noting double-digit percentage falls in auto productionacross every world region. The Milwaukee-based company derives two-thirds of its revenue from the autosector providing seats interiors and batteries to a worldwide customer base. It is the latest auto supplier to cut or drop guidance following Lear Corp. Johnson said it had “ample” liquidity and “a strong balance sheet” amidconcern that suppliers could be pushed into bankruptcy by the woes of theDetroit Three auto makers as they continue their pursuit of a federal bailout.
Subaru LEGACY CONCEPT to Debut at the North American International …
MarketWatch
todayannounced that the Subaru LEGACY CONCEPT will debut at the 2009 North AmericanInternational Auto Show (NAIAS) in Detroit January 11th. The NAIAS is open tothe public January 17 through 25 2009.
Bush says working expeditiously on autos aid-CNN
Reuters
automakers in an expeditious wayand was exploring all options to do so. “We’re looking at all options” he said in a televisioninterview with CNN. Bush said he was taking in the concerns ofthe auto industry and its stakeholders and “we’ll try to getthis done in an expeditious way. Bush said that the United States was in “a huge recession”and that he did not want to exacerbate the situation but alsodid not want to “put good money after bad. (Reporting by Jeremy Pelofsky and Tabassum Zakaria Editingby Sandra Maler) © Thomson Reuters 2008 All rights reserved addImpression(“1390430_Share Links”);.