Downturn Will Test bama’s Vision for an Energy-Efficient Auto …
The News Review:
- Downturn Will Test bama’s Vision for an Energy-Efficient Auto …
- Canada Bails ut Auto Makers after US
- STCKS & BNDS Stocks Jump Then Slide Back After Auto Bailout
Downturn Will Test bama’s Vision for an Energy-Efficient Auto …
New York Times United States
bama after all has been thinking out loud about the future of the American automobile industry for years well before his presidential campaign began. He co-sponsored two bills in 2006 during his second year as a United States senator — one to raise fuel economy standards and the other to encourage the use of alternative fuels. His writings and speeches on the auto industry suggest a keen interest in finding ways including new technology to improve the.
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Canada Bails ut Auto Makers after US
MSNBC
The Canadian government is providing more than $3 billion in aid to ailing automakers to keep them afloat while they restructure. Canada and ntario will provide aid matching the 20% production capacity shares in the North American Market. The package came one day after the White House announced their rescue plan for Detroit’s auto industry. A government spokesman says General Motors and Chrysler will be eligible for the money while Ford will benefit from two separate programs announced by Canadian Prime Minister Stephen Harper. Darren Cunningham said Ford didn’t ask for a specific need but when they want to be involved the program is open to them.
STCKS & BNDS Stocks Jump Then Slide Back After Auto Bailout
New York Times United States
and prevent an imminent bankruptcy analysts said it was too soon to say whether the companies would be able to become self-sustaining or whether they would need to petition the bama administration for more assistance if the economy languishes in a recession throughout 2009. “Wouldn’t it be wonderful if it turned out to be enough” said Dana Johnson chief economist at Comerica Bank who follows the auto industry. “But you have to think that that’s not the likeliest scenario. ”Standard & Poor’s cut its credit ratings on 11 American and European financial institutions on Friday reflecting concerns about their balance sheets and their future prospects amid stormy credit markets. Despite the downgrade shares of the companies which include.
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