Some things are never as they seem. That's especially true when talking about the bankruptcy of General Motors. From afar, it's easy to look at GM's issue being one of decades of mismanagement, poorly built cars, and a certain, too-big-to-fail mindset. But closer to the situation, as the Detroit-based company was well and truly spiraling out of control in 2009, there was much more that the public wasn't able to notice.
Ever since the latest presidential limousine, also known as The Beast, debuted in 2009, we've wondered what's underneath that black Cadillac body. We already know a few details, like the fact it isn't a Cadillac at all, but a very heavy duty truck chassis from General Motors with a body that resembles a super-sized Caddy. Autoweek, however, has managed to extract new details from veteran Secret Service agents about the closely guarded presidential limo. Their methods, of course, are classified.
President George W. Bush recently spoke to a gathering of auto dealers in Las Vegas, saying that while he believes in the free market under normal conditions, he doesn't regret the $700 billion bailout fund used to rescue General Motors and Chrysler from the brink of collapse. Bush was quoted as saying he'd do it again, and that he didn't want there to be a 21 percent unemployment rate. The former leader avoided addressing remarks from the current gaggle of Republican presidential candidates who
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 their doors open.
On the ten-year anniversary of the terror attacks of 9/11/01, many people are using the occasion to take stock of how the past decade has changed us (The Onion nails it, again). Over the last ten years, we have debated, sometimes heatedly, what the appropriate response should have been to those attacks, but a military response was pretty much inevitable. Today, there's no denying that thousands of soldiers are still deployed to the Middle East because of what happened ten years ago. Given the gr
Former U.S. President George W. Bush is set to release his memoirs under the title Decision Points on Tuesday, November 9. The book is slated to delve into the eight years of the Bush Administration, touching on everything from the war in Iraq to the reasoning behind various economic policies. The Detroit News was able to get its hands on a pre-release copy of the text and found Bush had committed to bailing out the auto industry as early as November of 2008, despite having misgivings about gove
When Former President George W. Bush spoke to the Montreal Board of Trade recently, he made a public appeal to the Obama administration to "get out of the private sector," adding "I hope our government gets out of the autos and the financials in which they have a stake." His premise is that it takes private companies to turn an economy around, not government-run ones.
In the wake of GM's restructuring announcement, some observers are beginning to talk about government assistance to get automakers through tough times. President Bush has quickly shot down the idea of assitance for US automakers, saying that the government shouldn't be "bailing out companies." GM spokesman Greg Martin said the General isn't looking for a free pass from Uncle Sam, instead insisting the company is going to take care of itself.
There has been a US ban on offshore oil drilling for the past 27 years, and George Bush Sr. signed off on an executive order echoing the ban in 1990. Originally, the ban was agreed upon to protect the beaches and tourism economies of coastal towns, and now global warming has been added into the mix.
Recently we reported that the CAFE issue was largely settled in the energy bill. On CSPAN Monday, Edmund Andrews of the New York Times even dared to say Dingell "lost." Do not underestimate the power of the Dingell side, you have no idea of the power he possesses. Don't believe me? Let's keep in mind that, according to the Detroit News, Dingel did an interview Saturday where he said he got no help from the White House.
In Beijing for Chinese talks on supporting renewable energy, Alexander Karsner, an assistant U.S. energy secretary, said the US and China are discussing signing an agreement to cooperate on the research and production of biofuels. The pact might be announced officially at the US and Chinese government forum, the Strategic Economic Dialogue, December 12.
The U.S. Congress isn't the only ruling body proposing new measures to curb the nation's reliance on foreign oil. The EPA is currently in the process of writing up new rules that it hopes will limit fuel consumption, and is currently gathering 75 regulators to help implement George Bush's '20-in-10' plan, which would see fuel consumption drop 20% in ten years.
var digg_url = 'http://digg.com/politics/Bush_s_limo_breaks_down_in_Rome_Italians_giggle_and_point'; Most people just have a spare tire or a can of fix-a-flat and an auto club card when they hit the road. But as we all know, they do things bigger in Texas, so when some guy from Texas goes for a drive around Rome, he brings along a spare stretch armored limo!
In spite of rule changes meant to negate some of the advantage Audi gained from the superior fuel economy of their turbo-diesel V12, they again dominated the Twelve Hours of Sebring. A Pennsylvania EV advocate is running a DIY workshop on converting your car to run on batteries. Get some information on what tax breaks are available to buyers of hybrid vehicles.
President Bush will be addressing his first State of the Union to a Democratic-controlled Congress in about a half hour. At that time, many people in the country will be in a bad mood because their favorite TV show on Tuesday night was just preempted. Many will change the channel to watch something on cable, but some will stay to watch the president speak, and energy is one topic that will surely be discussed.
There has been speculation in the last few days that President Bush would, in his State of the Union speech, announce a historic shift in the U.S. climate change policy. It seems that this is not the case. This topic will certainly not help any of the feelings of Tony Blair or Angela Merkel, chancellor of Germany, who both would like the U.S. to change its policy.
Bill Ford, Rick Wagoner and Tom LaSorda have been twiddling their thumbs since May waiting for the White House to confirm a date for the Detroit trio to meet with George Bush, the D.C. decider. Tentative times have come and gone, and as each one passed, the perception that the current administration cares little about the challenges facing domestic automakers continued to grow. In reality, those challenges that include health care costs and the price of imported raw materials like steel, just di