By on August 29, 2008

RIP (courtesy Farago reported, the amount of federal money Motown would need to turn its business around– if money was, indeed, the determining factor– far exceeds the $25b first mooted. Or the $50b since suggested. And now, having floated not one but TWO trial balloons, Ford, GM and Chrysler are playing coy about the ballooning balloons. To its credit, The St. Louis Dispatch has tried to nail down the exact numbers and conditions, to see if their local minivan plant could be saved. "'We know the legislature authorized up to $25 billion, but the amount that could really make a difference likely is much higher,' GM spokesman Greg Martin told the Post-Dispatch. He declined to say how much additional money would be needed or confirm the $50 billion figure. Ford spokesman Mike Moran also did not confirm the increased loan amount. Chrysler spokeswoman Katie Hepler said the automaker is working to access the government loans. She declined to talk about specific dollar amounts or elaborate on where Chrysler would use any money it borrowed." And here's a surprise. "It also appears that some of the older plants owned by foreign automakers could apply for this loan, according to the original language of the legislation. Toyota Motor Corp.'s Georgetown, Ky., plant and Honda Motor Co.'s Torrance, Calif., location are two that fit the criteria." Only… The Department of Energy has until December to write the final rules that detail how to apply for the money.

Get the latest TTAC e-Newsletter!

3 Comments on “Bailout Watch 16: How Much Was That Again?...”

Back to TopLeave a Reply

You must be logged in to post a comment.

Subscribe without commenting

Recent Comments

  • Re: Thieves Take Students’ Project Car

    thelaine - Agreed koshchei. Murder is bad. However, when the law is a joke, people will not respect it. People get mad and say things you should probably not take...
  • Re: Toyota May Kill V6 Camry

    heavy handle - Correction: they should be normal maintenance items. Long-life plugs give owners the impression that they are not, and they are almost impossible to change on many...
  • Re: Piston Slap: Chipped or just Broken?

    sirwired - Don’t know much about the Mk5, but the 1.8T in the previous generation (along with the B5 Passat and B5/B6 A4) was very amenable to chipping and a...
  • Re: Thieves Take Students’ Project Car

    CoreyDL - It was probably stolen by a neighbor who was tired of seeing a POS car get tiny upgrades done over seven years time, while it leaked oil and other fluids...
  • Re: Thieves Take Students’ Project Car

    rpol35 - Looks like “Murder Nova” from the “Street Outlaws” reality TV show. It was an incredibly $hitty thing for thieves to steal the...
  • Re: Piston Slap: Chipped or just Broken?

    87 Morgan - I had an edge tuner in my dodge diesel for years. Zero issues. I never ran beyond level three, the one time I ran it on level five, the manual tranny...
  • Re: Junkyard Find: 1978 Porsche 924

    sirwired - I went to the Porsche exhibit at the North Carolina Museum of Art a few months ago, and somehow they appear to have left out this particular embarrassment in the...
  • Re: Piston Slap: Chipped or just Broken?

    CoreyDL - “This is why buying a VW is a terrible plan.” I fix.
  • Re: Piston Slap: Chipped or just Broken?

    bball40dtw - This is why buying a used GTI is a terrible plan.
  • Re: Piston Slap: Chipped or just Broken?

    ExPatBrit - There’s a big difference with chip tuning a normally aspirated motor over a blown one. With a turbo or supercharger chip tuners turn up the boost...

New Car Research

Get a Free Dealer Quote


  • Authors

  • Brendan McAleer, Canada
  • Marcelo De Vasconcellos, Brazil
  • Matthias Gasnier, Australia
  • Tycho de Feyter, China
  • W. Christian 'Mental' Ward, Abu Dhabi
  • Mark Stevenson, Canada
  • Faisal Ali Khan, India