It wasn’t the $34 billion Ford Motor Co., General Motors Corp., and Chrysler LLC requested, but Monday Democrats drafted a proposal for a $15 billion auto bailout to aid the struggling American automakers.  The draft was then sent to the White House where it awaits the approval of the Executive B...

The Proposal The leaders of Ford Motor Co., General Motors Corp., and Chrysler LLC ditched their corporate jets for fuel efficient hybrid cars and drove the five hundred miles to Washington this week, intending to make a second appeal to Congress for a bailout.  The CEOs move to driving fuel effici...

Thursday, Democratic leaders denied General Motors Corp., Ford Motor Co., and Chrysler LLC a $25 billion bailout to provide aid to the ailing American auto industry.  The Big Three U.S. automakers are struggling to stay afloat heading into 2009 amongst an economic meltdown.  It was recorded that t...