barack obama


REPORT: Pay czar planning up to 90% compensation cuts for top auto execs

When General Motors and Chrysler took money from the U.S. government to prevent being consigned to history, the two storied domestic automakers had no choice but to put their fates in Uncle Sam's hands. After two very brief bankruptcies and billions in bailout cash, America's favorite bearded relative is looking to take its own pound of flesh. Automotive News is reporting that the Obama administration and the Treasury Department are planning to announce pay cuts of up to 90% for the top 25 earners at GM, Chrysler, GMAC and Chrysler ... Read more →

Obama signs Cash-for-Clunkers bill into law, countdown to start begins Chris Shunk

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 ...

REPORT: Obama to announce new CAFE standards tomorrow, require 34 mpg standard Damon Lavrinc

According to reports from both the New York Times and Politico, the Obama Administration plans to announce new CAFE regulations tomorrow that will finally reconcile both federal and state standards. ...

REPORT: Obama planning to announce Chrysler bankruptcy tomorrow Damon Lavrinc

According to a report by Bloomberg citing the usual unnamed sources, President Obama will announce tomorrow that Chrysler will file for Chapter 11 bankruptcy while continuing to work on its alliance ...

LIVEBLOG: President Obama's press conference on the Auto Industry John Neff

President Obama is scheduled to give a press conference today at 11:00 AM EST today in which he'll officially reveal his plans for the U.S. auto industry. Stay tuned and keep hitting refresh on ...

President Obama announces $2.4 billion for electric vehicles 8 months ago on Autoblog

In the message-appropriate setting of the Southern California Edison Electric Vehicle Technical Center, President Obama announced yesterday the availability of $2.4 billion to aid the development of plug-in cars and the infrastructure required to keep them charged. The money will come from the ...

Illinois to offer temporary Barack Obama license plates 9 months ago on Autoblog

The cult of personality (and associated merchandising onslaught) surrounding the 44th President of the United States now extends to Illinois residents' automobiles. For a mere $50, Illinois motorists can acquire special-edition temporary license plates that further shows their ardor for President ...

Obama faces immediate challenges with Detroit 10 months ago on Autoblog

To be fair, the new president faces a lot of immediate challenges. But when it comes to the auto industry, the biggest four challenges could be the bridge loans, fuel economy mandates, the EPA vs The California 14, and the board of czars that will oversee the fortunes of GM and Chrysler. The ...

President Obama takes inaugural ride in Presidential Limousine 10 months ago on Autoblog

Inauguration Day for President Obama has come and gone, and while our freshly minted Commander in Chief was probably most interested in making his title official, we like to believe the high point of his day was taking the inaugural ride in his new Presidential Limousine. Secrete Service agents ...

Cadillac One: Details on president-elect Obama's new limo 10 months ago on Autoblog

One of the perks of being the Commander-in-Chief is getting to ride in the back of a presidential limousine. And while certain presidents have had hand-me-down chariots, President-Elect Barack Obama is set to get a brand-new, high-tech model. Looking much like a standard Cadillac DTS stretched to ...

eBay Find of the Day: Obama's old Chrysler 300C 11 months ago on Autoblog

Back when Barack Obama was still vying for the official Democratic presidential nod, the now President-elect made a well-publicized switch from a HEMI-powered Chrysler 300C to a Ford Escape Hybrid. The issue, of course, was that the HEMI is seen as a gas swiller (15 mpg city / 23 highway) and ...

Obama agrees with need to view Detroit 3 reorganization plans 1 year ago on Autoblog

President-Elect Barack Obama has been in favor of assisting Detroit automakers, but the soon-to-be Commander in Chief agrees with a Congressional demand to see concrete plans before any checks are signed. Obama's Cheif of Staff, David Axelrod, was all over the boob tube Sunday sharing the President ...

Obama talks oil addiction in first post-election TV interview 1 year ago on Autoblog

President-Elect Barack Obama thinks we have an oil addiction and he wants to do something about it. That something is developing a plan for energy independence. While that might have seemed easier to discuss when oil was at $147 a barrel, Obama thinks it's even more important to talk about now, ...

GM to Obama: Welcome, now show me the money! 1 year ago on Autoblog

General Motors issued a statement today congratulating President Elect Obama on his win yesterday in the 2008 Presidential Election. Oh, and just in case our nation's soon-to-be 44th president forgot, he made some statements during the campaign pledging support for the auto industry, and GM's not ...

Obama a BMW, McCain a Ford 1 year ago on Autoblog

Being a Democrat or Republican is like being a Ford fan or Chevy supporter. While there are undecideds who might choose a Mustang or Camaro based on their spec sheets alone, most us already know where our allegiance lies and will defend our choice regardless. The analogy between your political ...

Barack Obama billboards spotted in Xbox 360's Burnout Paradise 1 year ago on Autoblog

Reports of Barack Obama sightings in Burnout Paradise on the XBox 360 have been pouring in. It seems the Presidential hopeful has purchased virtual billboard space from Electronic Arts, the makers of the game. EA has confirmed the ad buy adding that it takes advertising from any credible source for ...

Obama pledges $4b in aid for Detroit automakers 1 year ago on Autoblog

After nearly eight years of getting little or no attention from the White House, it seems as though Detroit's automakers will be a major focus the 2008 Election. With the economy looking worse by the day, lawmakers in Washington have been kicking around the idea of a second economic stimulus ...

If GM's situation worsens, McCain open to "every option" 1 year ago on Autoblog

In the wake of GM's Tuesday press conference detailing its plans to have enough cash on hand through 2009, politicians have been eager to voice their thoughts regarding the possibility of a government bailout. President Bush gave the possibility a strong no, but the two guys in line for his job ...

Obama calls GM a "sobering reminder" of U.S. economy woes 1 year ago on Autoblog

A quick glance at today's announcements from America's largest automaker is an easy indicator that the U.S. auto market, at the very least, is under as strong as recession as could be imagined. According to Presidential hopeful Barack Obama, the entire industry as a whole is facing a "perfect storm" ...

Obama promises more meetings with automakers if president 1 year ago on Autoblog

Barack Obama has been less than friendly with Detroit automakers in the past, but he's promised to meet with them both during his campaign and afterwards if he makes it into the Oval Office. The presumed Democratic nominee told a crowd in Flint, MI that he would meet with executives to discuss ...

Obama picks worst car ever to come out of Motown 1 year ago on Autoblog

There can be absolutely no doubt that Detroit automakers created some horrendous products over the years. The '70s was a particularly low point, as the Big 3 struggled to cope with new safety, emissions and fuel economy standards. This past weekend, U.S. Senator and Democratic presidential hopeful ...

Obama swaps 300C for Escape Hybrid 2 years ago on Autoblog

Senator Barack Obama has tossed aside the keys to his Chrysler 300C in favor of a new Ford Escape Hybrid. According to the Detroit Free Press, the senator from Illinois was lambasted for driving the a V8 300C after chastising Detroit in a May 7 speech for failing to anticipate rising oil prices ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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