The News Review:
- GOP animus to auto union has deep roots
- For auto city a dose of reality
- Credit Unions Offer Auto Deals
- Auto suppliers fear White House bailout ignores them
GOP animus to auto union has deep roots
Seattle Post Intelligencer
anti-union — states of the South. The Southern-state senators who led the rejection of the recent auto bailout legislation were carrying water for their regional economies. See especially Sen. Richard Shelby of Alabama where Toyota Mercedes Hyundai and Honda have plants. That regional uprising has reenergized the traditional Republican opposition to organized labor. (And it makes a close fit with another heritage grudge animated anew when President Bush blew the scant political capital from his re-election in a futile effort to begin privatizing Social Security.
For auto city a dose of reality
Indianapolis Star United States
“This is as tough as it’s been” said Jeff Everett president of United Auto Workers Local 1166 in Kokomo. But many in this city of 46000 know it could get tougher. The prospect of idling the four big Chrysler plants which employ more than 6300 didn’t send shock waves through the city. It was a grim reminder of what most everyone knows in this auto town where the other big employer is bankrupt Delphi the old GM auto-parts division. “Having a strong industrial base we’ve seen a lot of these ups and downs” Mayor Greg Goodnight said.
Credit Unions Offer Auto Deals
Wall Street Journal
auto makers to provide loans for cars and trucks sold at discounted prices. Anchored by institutions in the Midwest credit unions from a dozen states have agreed over the past week to make $22 billion in loans available to members to finance purchases of any vehicle.
Related from Marketingmonster: CUTS Performance Marketing and Logoworks by HP Announce Partnership
Auto suppliers fear White House bailout ignores them
USA Today
“The downward spiral of the auto industry continues to accelerate across the globe” said CEO Timothy Manganello in a statement. Others have warned or abandoned guidance. And seven major suppliers which have had 12-month stock slides of 50. 3% were put on credit watch last week by Fitch Ratings.