United Auto Workers to suspend jobs bank

With the three major automakers headed to Washington with their hands out, saying they can’t continue to keep their heads above water without the help of the government, the United Auto Workers Union (UAW) has said they are willing to suspend the jobs bank. The jobs bank is system that allows laid off auto workers [...]

Bailout for the auto industry?

I have touched on this subject in an earlier article, but it looks like pressure is mounting to supply bailout money to General Motors, Ford Motor Company, and Chrysler. Just like happened with the original bailout plan by Henry Paulson, we are being told the time to act is now. The Big Three may not [...]