The US government is to loan troubled automakers General Motors and Chrysler $17.4bn to help them survive. It will use part of the $700bn originally earmarked to rescue US banks.

The firms have a deadline of March 31st 2009 by which to become viable. Ford, the other member of the "Big 3", has said it will get by without government money. President George W Bush said allowing the US car industry to fail would not be "a responsible course of action"

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Toyota Suspending Production For 11 Days In Japan

Cypresso 1

More signs of a declining economy that should make all of us more aware. We have not bottomed out as of yet... it will continue to get worse. " TOKYO — Toyota is suspending production at all 12 of its...

created by Cypresso | 2 days ago
updated 1 day ago
114 views | 10 comments

Scanning for: automakers, big 3, toyota, General Motors, Ford, Chrysler, big 3, big 3 bailout, UAW, automakers bailout, auto industry

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"The Ultimate Blogger Dinner #ces09 by @socialmediaclub @lenovo online: http://poprl.com/Bnd (incl the CEO of Ford)..."

briansolis updated identi.ca @ 2009-01-08 20:56:04

"bail out the porn industry? well it makes as much sense as the auto industry I guess, no more sense, because I do think US porn is superior..."

johnbumgardner updated identi.ca @ 2009-01-08 19:52:58

"[Blog] Items I've Read and Liked - January 8, 2009: Ford trucks getting LogMeIn remote PC access US Navy to head ... http://s3nt.com/bo5v..."

mjohnson updated identi.ca @ 2009-01-08 19:35:14

"_ @barackobama , I keep looking in the mail for my Citigroup, Goldman, GM, and Chrysler stock.. WTF? #bailout..."

terrisca updated identi.ca @ 2009-01-08 18:58:48

"500 Alfa Romeo Aston Martin Audi Auto Trader BMW car Cars Celebrities Citroen Driving tips Ferrari Fiat Ford For.. http://tinyurl.com/a53rmd..."

lewishamilton updated identi.ca @ 2009-01-08 18:02:56

"Breaking: The House {FINALLY} passed a $14 billion bailout package for Detroit's Big Three automakers...."

cece248 updated twitter @ 2008-12-11 02:01:08

"so much for a Christmas rally this week... markets know the automakers bailout is just gum in the dike......"

fasteddie2 updated twitter @ 2008-12-22 18:26:43

"Why are all these companies getting bailed out? I'll never buy from the big 3 again. They make crap cars anyway. My next car is a Nissan!..."

echoeswire updated twitter @ 2008-12-22 18:20:37

Feature Manager

Tina Kells is reporting from Port Coquitlam, Canada.

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"The Ultimate Blogger Dinner #ces09 by @socialmediaclub @lenovo online: http://poprl.com/Bnd (incl the CEO of Ford)..."

"bail out the porn industry? well it makes as much sense as the auto industry I guess, no more sense, because I do think US porn is superior..."

"[Blog] Items I've Read and Liked - January 8, 2009: Ford trucks getting LogMeIn remote PC access US Navy to head ... http://s3nt.com/bo5v..."

"_ @barackobama , I keep looking in the mail for my Citigroup, Goldman, GM, and Chrysler stock.. WTF? #bailout..."

"500 Alfa Romeo Aston Martin Audi Auto Trader BMW car Cars Celebrities Citroen Driving tips Ferrari Fiat Ford For.. http://tinyurl.com/a53rmd..."

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"Breaking: The House {FINALLY} passed a $14 billion bailout package for Detroit's Big Three automakers...."

"so much for a Christmas rally this week... markets know the automakers bailout is just gum in the dike......"

"Why are all these companies getting bailed out? I'll never buy from the big 3 again. They make crap cars anyway. My next car is a Nissan!..."

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