Detroit 3: Bankruptcy = doom Could General Motors, Chrysler LLC or Ford Motor Co. survive a bankruptcy filing? Could the domestic industry? The CEOs of the Detroit 3 answered with an emphatic "no" last week when some Washington lawmakers broached bankruptcy -- even a quick, prepackaged one -- as an alternative to a $25 billion rescue package. FULL STORY

Ch. 11 would hit dealers hard -- fast A bankruptcy filing by a Detroit 3 automaker would kill many of its dealerships quickly even if the company successfully reorganizes, dealers' lawyers predict. Many dealerships that already are struggling with frozen credit and an economic recession would not survive the instant cash crunch if an automaker decides to seek Chapter 11 bankruptcy protection, the lawyers say. FULL STORY

Cuts beyond UAW's jobs bank seen

Concessions by the UAW on the jobs banks may help win support for federal loans to help Detroit's automakers survive the global credit crisis, but it would need to be part of a broad package of concessions from all levels of the companies, workers and analysts told the Free Press on Friday.

Carmakers defend use of planes for execs

With the airplanes used by the Detroit Three attracting almost as much attention this week as the cars they make, each automaker issued statements defending the way it uses airplanes for corporate travel.

Business news in brief: Mitsubishi to skip Detroit auto show

Mitsubishi Motors Corp. said it won't bring its latest models to the North American International Auto Show in Detroit in January, becoming at least the sixth automaker to abandon the industry's main U.S. showcase.

Democrats: Prove you can repay $25 billion

Democratic leaders in Congress called on Detroit's automakers Friday to submit "credible" financial plans to lawmakers by Dec. 2 for spending up to $25 billion in government money, including vows for "significant sacrifices" by top executives.

Romney Prescribes Tough Love for Detroit - not the correct course

Look Mic, no offense but your stance is not the correct one here. Since your day, things have changed and now that we entered a depression, yes, I said depression, we cannot loose sight in protecting the last American manufacturing no matter the previous past mistakes.

So, to our Congress, ignore Romney and protect the last American home grown manufacturing. If not, then allow the banks and investment houses to fail also. Steve

This Day in Auto History: 11.21.1903 John Wallace Raisbeck of American Motors is born in Coronel, Chile 11.21.1919 The Fox Motor Company is organized in Philadelphia, PA by Ansley H. Fox, inventor of the Fox shotgun 11.21.1937 Howard E. Coffin, Vice President and Chief Engineer of the Hudson Motor Car Company 1909-1930, is killed at age 64 by an accidental gunshot wound in Sea Island Beach, GA 11.21.1951 Racer Carlos Panini is killed near Oaxaca, Mexico during the Pan-American Road Race 11.21.1962 Irving R. Bacon, an artist who was the “court painter” for Henry Ford, dies in El Cajon, CA at age 86

Source: Automobile History Day By Day, by Douglas A. Wick