Tales from the Trail

No sequel to ‘cash for clunkers’ but…

September 3, 2009

While the $3 billion “Cash for Clunkers” blockbuster is over, Congress is not finished with Detroit. AUTOS/

The First Draft: Blank screens

June 12, 2009

BASEBALL/Millions of Americans could be staring at blank TV screens tomorrow, when broadcasters switch to digital signals.

The First Draft: A bumpy Mideast landing

June 3, 2009

OBAMA/SAUDI ARABIAWithin minutes of President Barack Obama’s arrival in Saudi Arabia today, a recording by al Qaeda leader Osama bin Laden was played on Al Jazeera television. U.S. television networks showed Air Force One landing in Riyadh and the first images of Obama greeting Saudi King Abdullah, the audio recording from bin Laden took aim. The militant leader accused the Obama administration of “planting seeds for hatred and revenge.”

The First Draft: End of an era for GM

June 1, 2009

AUTOS/Even though it was expected, it was still a jolt: GM declared bankruptcy this morning, the third-largest bankruptcy filing in U.S. history and the biggest ever in U.S. manufacturing.

Who decided which Chrysler dealers to close?

May 28, 2009

Washington is always full of conspiracy theories –  one of the latest surrounds the decision to close hundreds of Chrysler dealerships following the automaker’s slide into bankruptcy.

Obama wants YOU … to buy a car

March 30, 2009

AUTOS-OBAMA/President Barack Obama is now America’s car salesman.

Obama made his sales pitch on Monday as he laid out White House plans for restructuring the struggling auto giants General Motors and Chrysler. Buy a car, he said, and you might qualify for a tax deduction.

First Draft: sputtering autos

March 30, 2009

President Barack Obama gives his verdict on auto industry restructuring plans at 11 a.m.

First Draft: bad, add, mad

February 18, 2009

Mortgages gone bad, auto industry seeking an add, and a chimpanzee gone mad starting off the day.

The First Draft: Ghost Town

February 17, 2009

On the day that the government gives itself $787 billion to hand out, turns out there’s nobody in Washington to print it up and hand it out.

from Global Investing:

Sen. Corker to Chrysler: best hope is merger

January 13, 2009

Tennessee Sen. Bob Corker (right, in the driver's seat next to Mark Fields, Ford's president of the Americas), who pushed for tough conditions on the $17.4 billion U.S. government bailout for General Motors and Chrysler, said at the Detroit auto show that he hoped Chrysler would find a merger partner to survive.