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GM, Detroit Debated (10/12/12)

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  1. Bentley2:49
  2. Joseph Biden0:41
  3. Mitt Romney0:34
  4. Robert Ferguson3:10
  5. presidential debates0:27
  6. Barack Obama0:32
  7. General Motors0:22, 0:51
  8. New York Times1:07
  9. GM2:57, 3:08, 3:21

Fri, 12 Oct 2012|

GM, Detroit debated in primetime | VW budget brand? | Lapham on Caddy’s executive ‘call’


Automatically Generated Transcript (may not be 100% accurate)

Detroit. Debate -- the vice presidential candidates spar over the auto bailout. We've got highlights coming up next. Thanks for inviting us in on this Friday. The US government's rescue of General Motors and Chrysler got a bit more airtime during last night's vice presidential debates in Kentucky. The presidential candidates. Incumbent Barack Obama in challenger Mitt Romney were mum on the topic during their first battle earlier this month. But Thursday's VP Joseph Biden Democrat came out swinging when asked about reducing. Unemployment. We knew we had action middle class we immediately went out -- rescue General Motors we went ahead and made sure that we cut taxes for the middle class. And in addition of that when that happened when that occurred what did Romney do. Romney said now let the -- bankrupt. Biden referring to Mitt Romney's 2008 op Ed in the New York Times titled let Detroit go bankrupt. In that piece Romney called for more of a managed bankruptcy. Without federal cash. This was the response from Romney's Republican running mate all right he talks about Detroit. -- -- -- They -- -- it Romney's dad George a former CEO of American voters. Importantly keep in mind Republican president George W. Bush started the bailout process. In late 2008. Volkswagen may launch a new low costs somewhere and -- one in fifteen. The goal to take on rivals including Renault dusty. And -- -- Dotson in places like Brazil. Sources telling German news outlets that VW is aiming for a price range. Between 6513. Thousand dollars for the vehicles. Which may include a minivan wagon in small sedan. VW would be the latest automaker to tackle the tricky segment. -- 1996. -- Fiat pal Leo many are. Hit -- low price. But missed because buyers wanted in affordable car that -- the whole family. Auto builds his VW is adopting the more successful formula. Opera knows no frills 2004. -- -- Logan. It was mid size with an older in fully amortized platform. In power -- This potential push for budget cars comes. Is VW ponders whether to delay the launch of big Bentley and Lamborghini news super luxury. Action movies. Lately top managers at GM must be willing to try something new here's Automotive News executive editor at overlap on with history. On the latest such move. GM is taking heat for putting its chief lobbyist Robert Ferguson in charge of global marketing for Cadillac. That's a big challenge especially for a guy who spent more of his career AT&T. And GM. Including CEO Dan Akerson and Ed Whitacre GM has hired several former Telecom execs and given a big jobs. At least three already bailed out. You know a year and a half -- -- visited with Ferguson and GM's Washington office and he seemed waddle had it. Who knows Ferguson may turn out to be just a guy to drive Cadillac where it needs to go out. You know there's nothing wrong with GM recruiting highly skilled executives from telecommunications. If they have -- determination. Adaptability. Instinct and yes the courage to become real car guys. By the way you -- GM has gone too far in hiring folks from Telecom. If the -- character from laughing and it's elected to GM's board of directors. Wondering -- campaign. To bring -- didn't think. I'm Edward Latham and that's how IC. Now that you're in the thing that's common thanks mister Latham and say you for watching. We'll see you back here on Monday.

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    We would like to welcome you back to the Los Angeles auto show. She's gents I'd top. Feeling green that's stories coming up but first let's talk luxury. Cadillac all new XT five crossover making its North American debut today. It is 270. Pounds lighter than the NS RX midsize crossover it replaces. A three point six liter V6 makes 310 horses in this hooked up to an eight speed automatic transmission. Here's Cadillac president you'll hunt tonight should it while we obviously would be happy to take customers from any of our competitors. But the segment leaders. Ole Ole Ole big plays in the segment must include. Lexus RX. The Audi Q five. The BM WX five and sixty models. Those would be typical. Customers that we would expect to attract. Was this a sophisticated you often from public. The XT five hits showrooms in the spring. Meantime Mercedes-Benz unveiling a new at Al roadster. The 2017 model offers more horsepower than its predecessor. A ninth speed transmission in five driving votes. The US style also features an automatic drop top deck and pulled away at speeds of up to 25 miles per hour. It's fourth a new diamond grills and a long muscular it. Look for a starting price north of 100000. Dollars when it launches in this spring of 26 team. Speaking of driving with the top down this is the Land Rover Range Rover evoke convertible. It features a lightweight canvas roof that can hold up in just eighteen seconds. A Turbo charged gasoline four cylinder will turn out 240 courses. Pricing starts at 52465. Dollars B evoke convertible hit showrooms in the spring of 26 day. Let's turn to some slightly more fuel efficient models. Green car journal holding its annual green car of the year awards ceremony this morning. The Audi a three. And in the end. The creator of the succeed. You're here. Six people. The award has been handed out at the LA auto show since 2005. We have more industry news to tell you about our Ursula is really is in the newsroom with more. Thanks Tom and Jan more news on the labor front. The UAW and German auto union IG metal. Announcing today that they are joining forces in adventure called the trans national partnership initiative. Initiative will focus on representing auto workers. At German manufacturing plants in the US out. And we'll have an office in Spring Hill Tennessee. The unions say they believe some German manufacturers. Are exploiting low wage environments in the south. Now the partnership comes as the UAW continues its upper to organize at the Volkswagen's Chattanooga plant. Where workers voted against representation. Nearly two years ago. Meanwhile yesterday the National Labor Relations Board approved a UAW petition. Or an election by skilled trades workers at the Chattanooga plant. The vote will take place on December 3 and fourth. And a quick update on the UAW Ford vote. The proposal labor contract will fail. Unless local 600 workers in Dearborn Michigan where that's 150 pickup is built. Approve the deal by a wide margin. According to our latest tally. No votes are outpacing yes votes by 18100 ballot. Final results are expected as early as Friday. For the latest on the vote stay with auto Eggs are slump and that is our time for today. Much more news and information from the LA auto show comes your way on Friday. Have a great day everyone.