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The GM, Chrysler Federal Bailout By The Numbers [Carpocalypse Now]

Both GM and Chrysler hit the federal jackpot this morning, avoiding the wrath of the Carpocalypse for a little longer. We break down the numbers below the jump.



$13,400,000,000: The amount of money to be handed out from the Troubled Asset Relief Program in the first installment.

$4,000,000,000: The amount of the second installment of TARP funds, if needed.

$9,000,000,000: The amount of "bridge financing" Ford would like to access from non-governmental sources.

500,000: The number of electric vehicles Chrysler intends to put on the road by 2013.

102: The number of days the companies have to turn around their companies so the loans are not called in.

24: The number of new vehicle releases Chrysler promises through 2012.

0: The number of private jets Chrysler and GM are going to be buying because of a requirement.

Photo by Spencer Platt/Getty Image



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Автор: SharaMoore на 03:51 0 коммент.
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Mulally chooses Escape Hybrid for D.C. road trip

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Click above for a high-res gallery of the 2009 Escape Hybrid

Ford CEO Alan Mulally has made the politically correct decision for his return trip to Washington DC this week and is skipping the company jet. In fact, he's skipping the airport altogether and hitting the road in an Escape Hybrid. It seems like it would have been better to grab one of the brand new Fusion Hybrids, but no one in Washington should be too upset at the choice of the Escape. The last one we tested for AutoblogGreen averaged 33 mpg. Perhaps he'll even take one of the prototype plug-in hybrid versions, although that wouldn't make much sense for the nine-hour drive. In our reader poll you actually opted for the Fusion by a wide margin, followed by the Fiesta and Mustang. The Escape came in at a respectable fourth.


[Source: Automotive News - Sub. Req.]
Photos Copyright (C)2008 Sam Abuelsamid / Weblogs, Inc.

Mulally chooses Escape Hybrid for D.C. road trip originally appeared on Autoblog on Tue, 02 Dec 2008 09:58:00 EST. Please see our terms for use of feeds.

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Автор: SharaMoore на 23:30 0 коммент.
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Michael Moore mixed on Big 3 bailout

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While there is definitely a huge rift between those who favor a Detroit bailout and those who would rather see the Big 3 fade away, you'd think that someone like Flint-native and documentary maker Michael Moore would be all in favor of helping the Big Three succeed. After all, Moore rose to fame for his first documentary entitled "Roger and Me" that featured then-CEO of General Motors Roger Smith. According to this piece in the Detroit News, however, Moore doesn't profess unconditional support for a Big 3 bailout. It seems he has mixed feelings about the whole situation.

Moore was on Larry King last night saying that the automakers ignored the wishes of consumers by continuing to build bigger vehicles just to maximize profits. Foreign automakers, on the other hand, built SUVs and more fuel-efficient vehicles in other categories. Moore elaborated by saying that
the current managers don't deserve a dime, but that it would be terrible if so many people lost jobs because of them. He went on to suggest that Congress should demand change for any money given out, including building up alternative fueled vehicles and mass transit in the country.

[Source: Detroit News]

Michael Moore mixed on Big 3 bailout originally appeared on Autoblog on Thu, 20 Nov 2008 17:21:00 EST. Please see our terms for use of feeds.

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Автор: SharaMoore на 19:57 0 коммент.
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