Page 27 - Auto Maker News Today

Lisa sylvester is monitoring other top stories in "the situation room." what is going on? >> well, president obama has put pen to paper extending the unemployment benefits for nearly 3 million americans. a vote early in the house ended a seven-week standoff sending the bill to the oval office. the stroke of the presidents pen now pushes back the deadline to file for extended benefits to the end of november. jobless americans stopped getting the checks in early june. once bankrupt general motors ...

>> bret: now some fresh pickings from the political grapevine. majority leader harry reid speaking on the senate floor earlier today and asked his republican counterpart what would have happened to car companies had not the government stepped in to help? reid said, "isnt it a good thing today in america that we have an automobile manufacturering sector? if it had been up to republicans, general motors would be gone. if it were up to them, ford motor company would probably be gone. chrysler would...

Manufacturering sector? if it had been up to republicans, general motors would be gone. if it were up to them, ford motor company would probably be gone. chrysler would definitely be gone." republicans were quick to point out that ford was the only u.s. auto maker not to take a bail-out and by most accounts had profited because of that choice. but reids office defended the remarks explaining "senator reid was saying what the ceo of ford said on the record. the steps taken to stabilize the auto i...

>> bret: now some fresh pickings from the political grapevine. majority leader harry reid speaking on the senate floor earlier today and asked his republican counterpart what would have happened to car companies had not the government stepped in to help? reid said, "isnt it a good thing today in america that we have an automobile manufacturering sector? if it had been up to republicans, general motors would be gone. if it were up to them, ford motor company would probably be gone. chrysler would...

Youll love this. 25% to 63%. oh, thats going to work out. why dont we do it now? we are going to. right now the bush taxes are about to expire taking them from 35 to 39. but thats only the beginning. then f.d.r. gets in. obama. this is when it gets really good. f.d.r. decide to make the unions stronger. sound familiar? regulate price controls, interview with business, pay higher wages. obama is completely different. he says sciu life work, his work. obama fired the ceos of company taking control...

Though theyre bouncing back. it seems the road is getting smoother has the auto maker releases a brand new product, the new jeep grand cherokee. gary gastelu takes it for a test ride. >> chrysler is back on the offensive launching the first new car since emerging from bankruptcy and couldnt have a more fitting soldier. since it essentially invented the s.u.v., the grand prix grand cherokee is one of the top seller, drew to the original formula. >> its really about the capability, what weve done ...

Louisiana and the gulf, some 13 birds coated with oil have died, presumably because of the spill and thats what they know about. there is concern that the damage to wild life could be far more significant. thats what theyre now trying to get a handle on. authorities right now, and this is very important -- are saying that largely the oil spill does remain offshore. the manmade efforts as well as natures cooperation have made a difference. many people here fear that its inevitable that much of th...

Shes monitoring some of the other stories incoming the situation room. ford is predicting the auto maker will be solidly profitable this year and will keep up its earning in 2011. ford has rebounded better than most of its rivals from the sharp downturn in the auto industry. this update to a story we first brought you yesterday, that giant whale freed after getting tangled in the ropes off the coast of dana point, california, is now back in the same area where it first got caught. a marine b...

Now its the idea to mesh the mission theyre on to make sure the immigration reform she wants to work on that due respect given to states in this case. >> greta: very important issue. now, the state of arizona finally has attention of the federal government. well see what happens. thank you, governor. >> thank you. >> greta: next, big excitement this week with g.m. and the obama administration. g.m. paid back the taxpayer loan loans lent to auto maker a year ago so they did not go belly up. but t...

But what the country wanted for quite some time. >> reporter: reids newly minted commission doesnt have a plaque on the door, doesnt have a sticker even, it doesnt have phones hooked up, it doesnt have business cards or stationery. but he says i have the president and federal reserve chairman to meet with the commission on monday. >> bret: you know you will get a good sound bite from alan simpssimpson. thanks. stocks were mixed today. dow added under eight and the s&p 500 lost 1 1/4. the nasdaq ...