Cars and Drivers
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The financial system is looking for a form of what theologians call "universal salvation". What began as a simple piece…
According to Reuters, Wilbur Ross say the bailout package does not address the core of problem which is mortgage payments.…
General Motors (GM) said on Friday that it will draw down $3.5 billion on the $4.5 billion line of credit…
If you look at the auto stocks today, you might deduce that they are next in line for the government…
After years of speculation, Porsche has become the controlling shareholder in VW. The news seems counterintuitive because VW is by…
According to Reuters, the federal government bailed out AIG (AIG) The Fed will loan the insurance company $85 billion for…
The market staged an improbable rally. After selling off over 500 points yesterday and opening down over 100 points today,…
The premise for Detroit going to Washington for $50 billion in loan guarantees is that the auto industry needs cheap…
According to Reuters, debt of Washington Mutual (WM) was cut to junk on a forecast of a $4.5 billion loss…
Since almost no one in the US or Europe is buying cars, auto companies have been looking to China for…
In community college Economics 101 students learn that there can be dips in bull markets. Usually these are caused by…
According to Reuters, the bailout of Fannie Mae and Freddie Mac (FRE) was greeted with cautious optimism. Reuters says the…
According to Reuters, the government takeover of Fannie Mae (FNM) and Freddie Mac (FRE) will do little to help the…
Ford (F) wants investors to think that there is profit in small cars. Since there is no money in SUVs…
The evidence that sales at many companies are struggling and that employment will suffer are almost everywhere. Recently, a division…
Our top personal finance-related articles today. Your wallet will thank you later.