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obama administration

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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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    Cars.com survey says public wants more Cash for Clunkers. Well, of course they do.
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    After a month of relentless Cash for Clunkers coverage, we were more than pleased when the Fed's buy-back program finally ended. Nearly every other day C4C was in danger of getting shut down because of a lack of funds. Then there were dealers were worried about getting paid and customers who had ...

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    Chrysler to expand product liability claims after all
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    When Chrysler sought bankruptcy protection on April 30, the Obama administration insisted that one of the conditions of its Chapter 11 filing were that all product lawsuits against the Pentastar were the responsibility of "Old Carco LLC." In other words, anyone in litigation with Chrysler as a ...

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    Dealer poll calls Cash for Clunkers a 'Nightmare,' four out of 10 didn't want program extended
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    Conventional wisdom says that Cash for Clunkers provided a big-time boost to dealers. After all, before Clunkers, most showroom floors were bereft of customers, and scores of dealerships were closing their doors. As good as C4C has been for customers, many dealers are all too happy it's over. A ...

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    Feds reportedly preparing Cash for Clunkers "wind down" plan
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    When Cash for Clunkers Version 1.0 hit the ground running like Hussein Bolt in the 400 meter relay, the U.S. government was caught a little flat-footed by the sheer volume of demand. As a result, after only a few days after C4C was started, the government was looking to shut down the program, and ...

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    Report: Some dealers making C4C shoppers sign rebate payback contracts
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    Some car dealerships have a lousy reputation in the honesty and integrity department, and often the rep is well earned. It's unfortunate for the honest dealers out there, but every time a slimy story surfaces, it casts a bad light on the entire business of selling cars. With Cash for Clunkers ...

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    Cash for Clunkers lives on: Senate passes $2B refill of popular program
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    Cash for Clunkers lives on. The Senate passed a $2 billion extension late tonight with a vote of 60/37, giving customers the opportunity to purchase about 500,000 more vehicles through the program. The Obama administration estimates that most or all of the original $1 billion was spent in a ...

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    REPORT: Ford Focus is top-selling Cash For Clunkers car, nearly half buying domestic
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    2009 Ford Focus SES Coupe – Click above for high-res image gallery
    The National Highway Traffic Safety Administration has processed 80,500 transactions so far, and the early winner of Cash For Clunkers appears to be the Ford Focus. The Detroit News is reporting that the Focus is the number ...

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    POLL: 54% of Americans against Cash for Clunkers, 59% expect GM quality to dip under gov't. ownership
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    America's "Cash for Clunkers" bill is on the cusp of being signed by President Obama, but according to a new survey by Rasmussen Reports, a majority of U.S. citizens aren't in favor of the plan. According to the telephone survey, fully 54% of those queried are against the measure, while 35% are in ...

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    Gov't begins fleet turnover, buys more Fords than GM or Chrysler vehicles
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    Completing the Obama Administration's plan to replace its fleet of government vehicles with newer, more efficient vehicles, the U.S. General Services Administration is reporting a purchase of roughly $210 million worth of new vehicles from Chrysler, Ford and General Motors.Of the three American ...

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    REPORT: Cheney says Bush left GM bankruptcy for the next guy
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    The writing's been on the wall for years: GM would have to declare bankruptcy if it had any hope of restructuring in order to survive in the long-term. And though the Obama administration's effective take-over of General Motors was hardly the first case of the government nationalizing a private ...

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    Meet Brian Deese, the 31-year-old in charge of breaking up GM
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    Many of us ABers being in our early- to mid-30s, we're less amazed that another of our ilk has risen to a decisive government position. We are, after all, a generation on the rise. The surprising part about Brian Deese's story is that he's been instrumental in shaping the Obama administration's ...

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    Are GM, UAW close to concessions agreement... or are they at odds over China?
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    Depending on who you choose to listen to, General Motors and the United Auto Workers are either close to forging an important concessions deal, or they're still squabbling over GM's plans to sell imported vehicles to U.S. consumers.GM and the UAW are in talks trying to slash $1 billion in annual ...

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    Obama trying to give biofuels a bump
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    Currently, the United States isn't producing enough biofuels to satisfy the requirements set out by the Energy Independence and Security Act of 2007, and President Obama's administration is planning to do something about it. On Tuesday, Department of Energy Secretary Steven Chu announced a new ...

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    BREAKING: Chrysler lenders, U.S. Treasury reportedly agree to terms [*UPDATED]
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    Details are scarce at the moment, but word is emerging that Chrysler's lenders have reached a deal with the U.S. Treasury Department that could help stave off bankruptcy.According to a Reuters report, word is that the Pentastar's first-lien lenders have agreed to write down the $6.9 billion in ...

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    Henderson says GM bankruptcy decision still in doubt; Hummer decision expected before month's end
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    We were on General Motors CEO Fritz Henderson's teleconference with reporters this morning, and while the proceedings were light on revelatory news (okay, there really wasn't any), some important things were clarified:Namely, Henderson denied that the company has reached a decision on whether to ...

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    REPORT: Fiat's Marchionne says Chrysler deal odds are 50-50; warns unions to cut costs
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    With the clock ticking down on Chrysler's restructuring deadline from the Obama administration, Fiat's CEO, Sergio Marchionne is getting blunt: Cut costs, or else.According to Reuters, unless the United Auto Workers and Canadian Auto Workers agree to cut labor costs within the two weeks leading up ...

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    Cerberus to reportedly lose stake in Chrysler as part of bailout deal
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    According to The Wall Street Journal, Cerberus Capital Management is set to shed its stake in Chrysler as part of the conditions surrounding the company's bailout arrangement with the U.S. government.According to the article, the financial paper cites an anonymous source within the Obama ...

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    REPORT: CAFE fuel economy standards to rise 8% by 2011
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    The nation's Corporate Average Fuel Economy standards will swell to 27.3 miles-per-gallon by 2011. That's the word coming out of Washington, where the U.S. Department of Transportation is expected to bump the fleet fuel economy standards for the first time in more than a quarter-century.The 27.3 ...

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    REPORT: President Obama to give states right to set own emissions/fuel economy standards
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    UPDATE: For the sake of clarity, it should be noted that there will be two emissions standards that states can choose - CA and Federal - not the "potentially fifty" that some worry about. Brace yourselves for a mess. The New York Times is reporting that the Obama administration intends to allow ...

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