obama administration

The "Government Motors" crowd isn't going to be happy about this: The Detroit News is reporting that the U.S. Treasury now says it has lost an extra $170 million in the auto industry bailout. The culprit? The declining price of General Motors stock. According to the report, GM's stock crested at ...

The National Highway Traffic Safety Administration has confirmed the Obama administration didn't ask the government agency to delay announcing potential safety issues with the Chevrolet Volt. According to The Detroit News, Transportation Secretary Ray LaHood was briefed about Volt fires that ...

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 Detroit News reports that former Chrysler CEO Bob Nardelli believes that the Obama Administration didn't need to hand the automaker to Fiat in order for the company to continue on. Instead, Nardelli says that a private equity firm could have easily taken the reins and steered the company back ...

Former United States Vice President Dick Cheney didn't hold back when it came time to write his memoir of his time in office. Cheney has taken shots at everyone from Colin Powell to Condoleezza Rice, and according to The Detroit News, the VP wasn't thrilled about the idea of pulling General ...

If your nearest stop sign is looking a little worse for the wear, you should reach out and let your local government know. Up until recently, that sign was one of the hundreds of thousands that were set to be replaced by 2018, according to a mandate formerly on the books. Now, however, the Obama ...

If you're not sure why today's announcement from the Obama Administration about the first-ever fuel economy standards for heavy-duty trucks and buses is important, read this. Okay, now that we're all on the same page, let's take a look at the new standards. These aren't specific MPG targets like ...

In response to automakers – in particular, the Detroit Three – crying foul over the Obama Administration's proposed CAFE target of 56.2 miles per gallon by 2025, the powers that be will reportedly ease standards for the fuel economy of future trucks and SUVs, according to The Wall ...

The federal bailout of General Motors and Chrysler cost U.S. taxpayers roughly $80 billion back in 2009, but only two years later, it appears Uncle Sam will get most of its money back. The Associated Press reports that the Obama Administration now estimates that the bailout will "only" cost ...

The National Automobile Dealers Association has joined the ranks of those opposed to upping Corporate Average Fuel Economy standards to 60 mpg by 2025. The dealer group says that with fuel prices still low, consumers are more interested in horsepower and style than they are super-efficient ...