Pershing's Bill Ackman Agrees with Wall St. Nation


"It has been hamstrung for years because it has too much debt and it has contracts that are uneconomic,'' says Bill Ackman, manager of the Pershing Square Capital Management LP hedge fund in New York. "The way to solve that problem is not to lend more money. They should do prepackaged bankruptcy.''

Obama asks Bush to Help Ford and GM

Barack Obama

President-elect Barack Obama urged President Bush in a meeting at the White House to support immediate emergency aid to benefit Ford (NYSE:F) and General Motors (NYSE:GM)

Ford CEO Allan Mullaly


Ford (NYSE:F) CEO Alan Mullaly put his best spin on perhaps the most dismal quarter in the history of US auto makers.

Ford Posts Record Loss


Ford (NYSE:F) burned through $7 billion in the quarter. Stunning

GM Post Massive Loss

Auto Industry

GM (NYSE:GM) posts a massive loss of over $7 a share

Toyota Profit Falls Almost 70%


Toyota Motor Company (NYSE:TM) reported a drop in net profits of almost 70% today.

Auto Makers Go Hat in Hand to Washington

Auto Industry

So, is it now payoff time from the Dems for the union support in the last election?

Wilbur Ross & Jack Welch

Wilbur Ross

Wilbur Ross and GE's (NYSE:GE) former CEO Jack Welch talk about the election, GM (NYSE:GM), Ford (NYSE:F) who should lead the Treasury and where we go from here

Auto Sales at 25 Year Low

Auto Industry

This reads like a obituary page..

GMAC A Bank?


So, the company that gave 105% LTV for autos that depreciate, now wants to get into banking?

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