Detroit

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Chrysler Talks Break Down; Bankruptcy Expected Today

Bankruptcy still looks likely for automaker

(Newser) - Last-minute talks between the Treasury Department and Chrysler's creditors have broken down, making a bankruptcy filing nearly certain today, the Wall Street Journal reports. In other developments, the Detroit News says Italian automaker Fiat will still sign a deal today to forge an alliance with Chrysler. Under the bankruptcy plan...

Wind-Borne Chihuahua Safe
 Wind-Borne 
 Chihuahua Safe  
Apr 28, 2009 5:21 PM CDT

Wind-Borne Chihuahua Safe

(Newser) - It is never fun to be a chihuahua in a wind storm, but this tale has a happy ending. It seems Tinker Bell, all 6 pounds of her, blew away from her owners amid 70mph gusts while at a flea market, the Detroit News reports. Her owners consulted a pet...

Pontiac Dies, But Its Greats Live On
 Pontiac Dies, 
 But Its Greats Live On 
OPINION
Apr 27, 2009 3:57 PM CDT

Pontiac Dies, But Its Greats Live On

(Newser) - As General Motors' Pontiac line is phased out, Ben Wojdyla, on Jalopnik, remembers the truly great cars that bore the mark. If you've got one, keep your garage clean and await a payday.
  • 2009 G8 GXP: "GM should be saved for no other reason than to put the G8
...

Fiat Begins Talks With GM While Courting Chrysler

(Newser) - Fiat is bound and determined to join the big boys of the auto world, and it's using ailing US companies to gain a foothold. The Italian automaker has begun surprise talks with General Motors to buy a stake in GM's Opel division and expand its presence in Europe and Latin...

GM to Shut Most Factories for 9 Weeks

(Newser) - General Motors plans to shut most of its US factories for 9 weeks this summer, the AP reports. The shutdown will include the normal 2-week stoppage in July to gear up for new models, two sources said, blaming the move on slumping sales and rising inventories. GM, which has received...

Detroit Mayoral Race Looks Like NBA Reunion

(Newser) - NBA Hall of Famer Dave Bing, who’s running for mayor of Detroit, is turning to the political branch of the “NBA family” for support, the Detroit News reports. Former senator and presidential candidate Bill Bradley will appear next week with retired Suns point guard Kevin Johnson, now the...

Muslim Woman Leans on Guide Horse

(Newser) - Muslims consider canines unclean, which was a problem for a blind Muslim woman who wanted a guide dog. So she got a guide horse. Mona Ramouni of suburban Detroit is getting used to 3-year-old miniature horse Cali—“this is a really awesome little horse,” she told the AP—...

Hoe-town: 10K-Acre Farm Eyed for Detroit

Michigan investors seek to turn deserted streets into cropland

(Newser) - Motor City could turn into Maize City if a Michigan investment group has its way and turns 10,000 acres of largely deserted streets into farm plots, reports BusinessGreen. Hanz Group hopes eventually to acquire almost 10% of Detroit's 143 square miles for development into cropland, Christmas tree and lumber...

Tar Heels Trample Spartans to Take Title
 Tar Heels Trample 
 Spartans to Take Title 
ncaa tournament
Apr 6, 2009 11:07 PM CDT

Tar Heels Trample Spartans to Take Title

(Newser) - Now Tyler Hansbrough, Ty Lawson, Wayne Ellington, and Danny Green can head to the NBA feeling good about their decision to return to school. The upperclassmen led North Carolina to its fifth national championship with an 89-72 blowout of Michigan State tonight in Detroit, reports the AP. "We've been...

Cash-Poor MGM Mirage May Sell Casinos

(Newser) - MGM Mirage, the gambling conglomerate, is considering the sale of casino properties in Michigan and Mississippi to pay down debt and save an underfunded Las Vegas development, the Wall Street Journal reports. The Vegas-based company has retained Morgan Stanley to shepherd the sales of the MGM Grand Detroit and Biloxi’...

Raccoon as Main Course: Serves 4 for $12

(Newser) - A sign of the times, maybe, in struggling Detroit: Charlie LeDuff checks in with a 69-year-old retiree who supplements his income by hunting raccoons and selling the carcasses for $12—a typical raccoon serves four—and the pelts for $10. “Coon or rabbit,” Glemie Dean Beasley, a native...

Detroit Hopes for NCAA Boost
 Detroit Hopes for NCAA Boost 
Apr 2, 2009 8:03 AM CDT

Detroit Hopes for NCAA Boost

(Newser) - Downtown Detroit will be hopping this weekend, as hoops fans overrun the city for the Final Four. But outside the carousing along the city’s spruced-up main drag, things look as dire as ever, the Washington Post reports. One in five residents are unemployed, and abandoned homes and factories line...

Auto Plan Drives GOP in Different Directions

Parochial concerns results in a less-than-unified response

(Newser) - Republicans were caught off guard by Obama’s auto moves yesterday, and they responded in wildly different ways, Politico reports. Some complained the president hadn’t been hard enough on GM and Chrysler, while others groused that he’d been harder on them than he’d been on Wall Street....

Detroit's Papers Missing on Red-Letter Day

Freep , News stop delivery on day GM CEO forced out

(Newser) - Yesterday was a once-in-a-lifetime news day in Detroit: GM's boss was forced out, Chrysler was pushed to merge with Fiat, Michigan State made it to the Final Four—and the first day that Motor City's two daily newspapers didn't land on doorsteps to tell readers all about it. Both the...

White House Favors Managed Bankruptcy for Chrysler, GM

(Newser) - The Obama administration’s favored plan to rescue GM and Chysler is a managed bankruptcy that would relieve them of their biggest liabilities by splitting the carmakers into “good” and “bad” components, the Wall Street Journal reports. The “good” GM would  comprise profitable brands like Chevy and...

Obama: No Auto Bailout Without More Concessions

(Newser) - GM and Chrysler got tough love from Barack Obama today, with the president declaring that they haven't made substantial enough changes to justify another federal bailout, and decrying the “failure of leadership” to come up with viable restructuring plans. Obama said the companies would have to regroup radically to...

7,500 Hourly UAW Workers Take GM Buyouts

The total is now 60,500 buyouts since '06

(Newser) - General Motors has convinced 7,500 unionized, hourly workers to accept buyouts and exit the company as early as next week, the Wall Street Journal reports. The automaker offered $20,000 in cash and $25,000 car vouchers—far less than previous offers—in this latest round of cuts to...

In Bankruptcy Maneuver, GM May Split in 2

If GM faces Chapter 11, a splitting of the company could avert disaster

(Newser) - General Motors executives and Treasury officials alike seem adamant that the company should avoid Chapter 11 bankruptcy at all costs, but bankruptcy scenarios are already crystallizing behind the scenes, BusinessWeek reports. One option calls for splitting the company into a “good GM,” which would emerge from bankruptcy with...

Muscled and Svelte, New Camaro Is No Meathead
Muscled and Svelte, New Camaro Is No Meathead
AUTO REVIEW
Mar 21, 2009 7:36 PM CDT

Muscled and Svelte, New Camaro Is No Meathead

Reworked car could be Detroit's savior

(Newser) - General Motors hopes to muscle its way back from the brink of bankruptcy by reintroducing the Chevrolet Camaro, a macho stud-machine that is flexed to impress, Joseph Szczesny writes in Time. “The new Camaro goes well beyond the old-fashioned ‘Detroit iron’ of the 1960s and '70s,” writes...

Chrysler, GM May Need 'Considerably' More US Aid

(Newser) - Chrysler and GM could end up needing a “considerably higher” amount than the $21.6 billion so far requested, Bloomberg reports. Steven Rattner, who heads President Obama’s auto task force, said it's possible the request could go as high as $40 billion. He also said that Chrysler’s...

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