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0Obama working to pitch success of auto bailouts to American public 1280510940
You don't have to be a pollster to know that for the most part, the American public remains none too happy about the federal government handing over the people's hard-earned tax dollars to pull General Motors and Chrysler out of the fires of insolvency. Despite the fact that both companies have ...
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NADA criticizes Obama over president's praise for GM dealer reinstatements? 1270472460
One of the most contentious aspects of General Motors' 2009 bankruptcy was the forced closing of 1,160 dealerships across the country. GM brass and the Obama Administration Task Force insisted that a smaller dealer body was necessary to make the Detroit, MI-based automaker viable again, while ...
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Rattner: Auto bailout saved Michigan from bankruptcy 1268333940
Without the government bailout of General Motors and Chrysler, the U.S. auto industry would likely have two fewer domestic automakers and hundreds of thousands of high paying jobs would be history. The Detroit News reports that ex auto task force chief Steve Rattner recently told an audience at a ...
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Roll Up the Red Carpet: Obama reportedly not attending NAIAS after all 1262878140
When word got out that the amount of high ranking government officials requesting access passes for the 2010 North American International Auto Show doubled versus last year's numbers, we were less than surprised. After all, General Motors and Chrysler have received billions in bailout funds from ...
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REPORT: Fed predicts it will lose $30B on auto industry bailout 1260469620
2009 isn't quite over yet, but we're pretty sure most automakers would rather forget that it ever happened. And while General Motors and Chrysler suffered the pain and humiliation of bankruptcy and workers lost thousands of jobs and many plants and dealerships closed, the good news is that the ...
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House reportedly approves measure to restore dealerships despite bankruptcy blows 1247860800
One of the more controversial parts of the Chrysler bankruptcy was the decision to cut 789 dealerships by June 9. The move made for a quick, painful end to dealerships that in some cases spanned several generations of family ownership. When General Motors entered bankruptcy, it said it would cut ...
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EPA reverses decision, approves California's greenhouse gas emissions waiver 1246381020
The saga of California's greenhouse gas waiver has come to an end with the EPA deciding that the state can indeed enforce its own GHG emissions standards for new motor vehicles. This means that, at least between now (with current model year vehicles) and when the 2012 MY vehicles arrive, California ...
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Obama signs Cash-for-Clunkers bill into law, countdown to start begins 1245943620
President Obama has taken pen to paper and signed off on Cash-for-Clunkers, a law that could help the auto industry shake its year-long funk. The Transportation Department now has 30 days to determine the rules and regulations for Cash-for-Clunkers, placing the start of the program at the end of ...
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Cash for Clunkers passes Congress, awaits President's signature 1245430680
After narrowly surviving an attempt by Sen. Judd Gregg, R-N.H. to strip it from a war-spending bill, the Cash for Clunkers program passed the Senate yesterday evening. Well, the $106 billion war-spending bill passed the Senate on a 91-5 vote, but the $1 billion scrapping program earlier survived ...
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Obama trying to give biofuels a bump 1241654340
Currently, the United States isn't producing enough biofuels to satisfy the requirements set out by the Energy Independence and Security Act of 2007, and President Obama's administration is planning to do something about it. On Tuesday, Department of Energy Secretary Steven Chu announced a new ...

