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0Report: Federal auto bailout losses estimated at $14 billion 1307023260
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 1287786600
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 1285958460
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 1280514540
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. ... -
White House: Auto bailout worked, but we'll still lose money 1272064920
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 1270135260
2011 Chevrolet Volt – Click above for high-res image galleryIn 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 ... -
Report: Group of governors take issue with Obama administration handling of Toyota recalls 1265924400
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 1265326800
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 1260469620
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 1256576280
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 ...

