bailout

2008 was one crazy, almost surreal year. It was the year when the economy took a nosedive, and the U.S. auto industry nearly ceased to exist. One of the last major decisions former President Bush made before he left office was to give Chrysler and General Motors a combined $17.4 billion to keep ...

"The president is going to go after me. I'll go after him." That pretty much sums up every presidential race in recent memory, where it seems attacking the opposing side is just as important as proving your own personal worth. And the 2012 U.S. presidential election, unsurprisingly, is shaping up ...

After 103 years of stratospheric heights and immeasurable lows, General Motors Corp. has died. Motors Liquidation Co., or "Old GM," as it became known during the 2009 bankruptcy reorganization, was quietly dissolved on Thursday, Dec. 15, taking the company's bad debts and liabilities along with ...

The government's Auto Task Force was given the difficult task of saving General Motors and Chrysler at a time when the credit markets were frozen and the economy was in chaos. The team ultimately got the job done by ushering the two iconic companies through extraordinarily short ...

It's been a full year since the General Motors Initial Public Offering, and the company's stock isn't performing as well as anyone in Detroit or Washington, D.C. would like. As The Detroit News notes, the stock has dipped by 30 percent from its initial price, thanks in part to troubles in Europe ...

Steven Rattner, who headed up the Obama Administration's Auto Task Force during the quick-rinse bankruptcies of Chrysler and General Motors, is more pleased with the success of the auto bailouts than he ever thought he would be. "Overhaul," Rattner's controversial memoir of his time heading up ...

Former Chrysler CEO Bob Nardelli has performed a curt about face on his comments about the Obama Administration's handling of the auto bailout. The Detroit News reports that Nardelli said that he believes the administration made the correct decision for Chrysler in an email to the publication. ...

The U.S. House of Representatives is investigating the motives behind the recent decision by Ford to pull an ad from its YouTube account that's critical of the government bailouts of General Motors and Chrysler, only later to restore it. Representative Darrell Issa, R-California, has asked Alan ...

Ford has pulled its controversial "Drive One: Press Conference" ad starring owner Chris*, who offered negative commentary of the government-sponsored bankruptcies of crosstown rivals Chrysler and General Motors when asked why he chose to buy a Ford. You'll recall that Ford and its CEO, Alan ...

We only know him as Chris, but his words are reverberating around the automotive and business sectors at the moment. He's the star of an unscripted Ford ad that puts real customers in front of not-so-real reporters. Chris was asked why buying American was important to him, and his response ...