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Rescue plan for automakers moves ahead

Nov. 14, 2008
Prospects for a federal bailout for the auto industry appeared dim Friday after the top Democrat on the Senate Banking Committee said there was little support from Republicans for a package to help troubled automakers.
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Automakers' woes expected to impact NASCAR

DETROIT, Dec. 22 (UPI) -- The financial woes of Detroit automakers during the recession could result in a significant blow to the NASCAR racing circuit, experts say.
Majority oppose bailout for Detroit

Majority oppose bailout for Detroit

DETROIT, Dec. 16 (UPI) -- U.S. adults remain divided on a bailout for Detroit's Big Three automakers with many blaming the industry for the mess it's in, a recent survey indicates.

Southern auto workers resent bailout

SMYRNA, Tenn., Dec. 14 (UPI) -- Efforts to provide a federal bailout to U.S. automakers in Detroit have stirred resentment among non-union autoworkers in the U.S. South, observers say.

Obama weighing auto aid options

CHICAGO, Dec. 5 (UPI) -- President-elect Barack Obama may have kept a low profile publicly on a bailout for U.S. automakers but he's been active behind the scenes, his advisers said.
Scientist: Link auto aid to fuel economy

Scientist: Link auto aid to fuel economy

WASHINGTON, Dec. 4 (UPI) -- Any financial aid given to the U.S. auto industry should be linked to better fuel economy, a member of the Union of Concerned Scientists said.

GAO: Board should direct automakers

WASHINGTON, Dec. 4 (UPI) -- A special board directing U.S. automakers would help safeguard the government's interests in a bailout, the federal legislative auditor testified Thursday.
Dodd says he'll try to shape auto bailout

Dodd says he'll try to shape auto bailout

WASHINGTON, Dec. 4 (UPI) -- U.S. Sen. Christopher Dodd, D-Conn., said he believes Congress may be able to fashion a bailout plan for U.S. automakers based on what he heard Thursday.

Ford exec: As GM goes, so goes industry

WASHINGTON, Dec. 3 (UPI) -- Ford chief executive Alan Mulally told The Washington Post Wednesday that if GM goes bankrupt, the rest of the U.S. auto industry will follow.

Survey: Majority oppose automaker bailout

DETROIT, Dec. 3 (UPI) -- A survey indicates 61 percent of U.S. adults said they were flat-out opposed to a federal bailout for U.S. automakers.

Automakers to ask for at least $34 billion

DETROIT, Dec. 2 (UPI) -- U.S. automakers say they are requesting at least $34 billion in bailout loans from federal lawmakers, jumping past the assumed sum of $25 billion.

Obama sympathetic to automakers' plight

CHICAGO, Nov. 24 (UPI) -- U.S. President-elect Barack Obama Monday said any help provided to the auto industry must be a long-term solution, "not just kicking the can down the road."
Congress to automakers: Give us a plan

Congress to automakers: Give us a plan

WASHINGTON, Nov. 20 (UPI) -- U.S. automakers must spell out to Congress how it would spend any bailout funds they are awarded, Democratic leaders said Thursday.

UAW chief pleads for federal auto bailout

DETROIT, Nov. 20 (UPI) -- Domestic autoworkers won't be the only ones to suffer if the three U.S. automakers don't receive federal assistance now, a union leader said Thursday.

White House backs GOP auto plan

WASHINGTON, Nov. 19 (UPI) -- The White House is supporting a Republican proposal in the Senate to redirect $25 billion in bailout funds to U.S. automakers, a spokeswoman said.
Senate response to auto bailout cool

Senate response to auto bailout cool

WASHINGTON, Nov. 19 (UPI) -- Senate approval of a new bailout package for U.S. automakers appeared unlikely, even after Detroit's top executives personally pleaded for help, senators said.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler