Will Washington Save Detroit?

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By Barry Ritholtz - December 4th, 2008, 3:00PM

Big three automakers craft plans for resurrection of Detroit; Pelosi: Automaker bankruptcy ‘not an option’; GM, Ford sales tank in November as economy stalls; Analysis by Rep. Scott Garrett, (R) New Jersey

December 04, 2008

3 Responses to “Will Washington Save Detroit?”

  1. jonpublic Says:

    Not just the big three are hit in the November numbers.

    Monthly November Sales
    ———————-

    Ford -31%
    Honda -32%
    Toyota -34%
    GM -41%
    Nissan -42%
    Chrysler -47%

  2. DP Says:

    Politically, after all the money that has been poured into Wall Street, how can they not?

    I was listening to the hearings earlier wishing one of the “Big 3″ CEOs would ask:

    “If we move our headquarters to Wall Street we’ll be a shoe in, right?”

  3. Neil C Denver Says:

    Assuming a bailout, if any auto company misses it’s targets, the senators who approved that legislation should resign. The rationale is that Congess is playing with American taxpayer money and should also be held accountable.