obama administration

True to its word, the US Treasury Department has taken steps today to rid itself of its remaining 300-million shares of General Motors stock. The Treasury has engaged both JP Morgan and Citigroup Global Markets to handle the sale of the remaining shares, reports the Detroit Free Press. After ...

With a multi-volume list of issues that a presidential hopeful could discuss, we aren't sure why Mitt Romney keeps circling back to the auto industry bailouts, but here we are again. He's lately swinging his stick at the U.S. Treasury Department for not having sold its 26.5-percent stake in ...

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 ...

A CAFE standard of 62 miles per gallon by 2025 might indeed come to pass. The Department of Transportation and the Environmental Protection Agency today released a "Notice of Intent to Improve Fuel Economy and Reduce Greenhouse Gas Emissions for 2017-2025" (PDF) that includes, as one possibility, ...

President Obama toured the General Motors' Detroit-Hamtramck facility where the automaker will build (can we say "is building" yet?) the Chevrolet Volt today, and as any good PR person will surely agree, you can't let an opportunity like that go by without making an announcement of some sort. ...

One year ago, the U.S. auto industry was at the weakest point in its history. To make matters worse for the both the industry and the Obama Administration, the majority of Americans wanted nothing to do with a bailout, having just undertaken an even pricier propping up of the country's lending ...

In an effort to make the government's fleet of vehicles more green, the Obama administration has reportedly announced plans to add more hybrids this year followed by plug-in hybrids next year. The plan should double the number of ...

Indiana governor Mitch Daniels is among a bipartisan group of governors who are taking issue with how the Obama administration is handling the Toyota recalls. Daniels reportedly told Indianapolis NBC affiliate WTHR that he feels the federal government is going too far in its investigation of Toyota ...

The National Highway Traffic Safety Administration appears to be busier than ever. Beyond the federal agency's upcoming visit to Congress to explain its actions leading up to the Toyota recalls, it also needs to prepare for 2011 changes to its New Car Assessment Program Five-Star Safety Rating ...

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 ...

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 ...