GLG News by Salvage Auto Auction Market Experts

Whenever the B-word--bankruptcy--is uttered in conversation about the Detroit Three automakers, there is a quick and predictable retort. "Bankruptcy is not an option."

The trend by corporations is to demonstrate in some form that they are a green company. Going green can have numerous definitions from a product that is eco-friendly to reducing a company's carbon footprint by use of alternative energy.

With all of the bad news and dire predictions surrounding the Detroit Three, its good to occasionally find some good news to comment on.

As the U.S. auto industry continues to deteriorate, automakers and suppliers aren't getting along as well as they used to.

Was there any good news in the past weeks automaker and auto retailers reports? Not much.

One would have to dig into the history books back to 1992 to find a worse month for car and truck sales in the U.S. than July.

Consumers are bailing out on Chrysler LLC--the sign of a company in crisis.

It's instructive to compare what's currently happening in the auto sector and the U.S. economy with what we saw in the wake of the 1990 oil shock.

With Chrysler's announcement on Friday that it was going to stop offering leases through its lending facility, every domestic car dealer felt the tremors.

Faced with a $8.7 billion loss, a $2.1 billion write-down on its lease portfolio with Ford Motor Credit, Ford plans to bring some of its hot selling European products to the U.S. But that's not the only answer.