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    Report: US Treasury signals it will sell off remaining GM shares
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    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 ...

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    Report: Romney vows to dump federal stake in GM quickly
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    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 ...

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    Report: GM stock price leads to greater estimate of losses on bailouts
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    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 ...

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    Report: NHTSA says White House didn't factor in Chevy Volt fire disclosure
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    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 ...

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    Report: Former Chrysler CEO Nardelli backpedals on bailout comments
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    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. ...

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    Report: Nardelli "laments all the time" that Cerberus lost Chrysler
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    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 ...

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    Report: Cheney admits he disagreed with Bush on GM bailout in new memoir
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    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 ...

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    Report: Fed nixes costly mandatory street sign replacement program
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    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 ...

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    Official: First-ever heavy-duty truck efficiency standards announced, will save a month's worth of oil
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    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 ...

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    Report: Obama Administration to ease CAFE standards on full-size trucks, SUVs
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    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 ...

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    Report: Federal auto bailout losses estimated at $14 billion
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    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 ...

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    Report: NADA chairman urges Fed to reconsider fuel rules
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    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 ...

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    Confirmed: U.S. considering 62 mpg CAFE target by 2025
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    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, ...

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    GM will increase Volt production by 50% - to 45,000 units - in 2012
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    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. ...

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    White House: Auto bailout worked, but we'll still lose money
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    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 ...

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    Report: U.S. government to purchase first 100 Chevy Volts and thousands of hybrids *UPDATE
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    2011 Chevrolet Volt – Click above for high-res image gallery
    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 ...

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    Report: Group of governors take issue with Obama administration handling of Toyota recalls
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    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 ...

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    Report: Obama Administration looking to augment NHTSA investigative team
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    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 ...

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    REPORT: Fed predicts it will lose $30B on auto industry bailout
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    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 ...

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    Former President Bush asks Obama to exit the car business
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    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 ...

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