obama
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0Video: Obama's latest campaign ads highlight auto recovery 1336764600
As expected, the so-called auto bailout of 2009 has become a major talking point in the run-up to the 2012 Presidential Election. Somewhat surprisingly, however, both sides of the aisle are taking credit for the success seen by General Motors and Chrysler since the two automakers were pushed ...
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Report: White House annouces $4.7B effort for advanced-technology vehicles, including EV Everywhere 1331162280
It's a big week for compressed natural gas vehicles, thanks to President Obama's announcement today that his administration wants to increase federal support for CNG automobiles by introducing a tax credit similar to the one in place for plug-in vehicles. Plug-in vehicles, too, could get a big ...
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Ed Welburn finds a fan in President Obama 1330381800
You know your job is going well when the President of the United States takes the time to mention your success. That's what happened to Ed Welburn, vice president of global design for General Motors, who was tasked with giving President Obama a tour of GM's latest offerings last month during ... -
Video: Obama reelection campaign launches auto bailout commercial 1330120500
The 2008 economic collapse in the U.S. led to what many experts call the worst recession since the Great Depression. Among the many casualties of the recession was the U.S. auto industry, which (arguably) was saved thanks to $25 billion in cash from the Bush Administration in 2008 and another $60 ...
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Report: Obama's proposed budget calls for upping plug-in vehicle tax credit to $10,000 1329339540
As a candidate, Barack Obama promised to try and get a million plug-in vehicles on U.S. roads by 2015. In his State of the Union address in 2011, he repeated that number and proposed turning the $7,500 tax credit into a point-of-purchase rebate. That hasn't yet happened, but in the President's ...
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Followup: Chrysler, Clint Eastwood respond to criticism that Super Bowl ad was political 1328632080
Chrysler has found itself in a bit of tangle with the company's Super Bowl ad featuring Clint Eastwood. In it, Eastwood speaks to viewers about "Halftime in America," specifically referring to Chrysler's recovery while drawing parallels with Detroit's own resurrection. If Chrysler were ...
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Report: Foreign auto companies irked by Obama snub at DC Auto Show 1328281200
On Tuesday, President Barack Obama visited the Washington Auto Show, and he even had time to get a closer look at a few vehicles. We're guessing that the carmakers were more than happy to set aside some time to talk to the Commander In Chief, but not every automaker got the chance. Bloomberg ...
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Report: GM stock price leads to greater estimate of losses on bailouts 1328108340
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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Auctions: eBay Find of the Day: Barack Obama's 2005 Chrysler 300C [UPDATE] 1327507260
UPDATE: Not surprisingly, President Obama's former daily driver failed to sell on eBay Motors with a starting bid of $1 million. The owner reportedly wants to list the car again closer to the presidential election this fall, and may lower the price as well as give some of the proceeds to ...
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Report: Memo says Bush administration almost pushed GM and Chrysler into earlier bankruptcy 1327418880
2008 was one crazy, almost surreal year. It was the year when the economy took a nosedive, and the U.S. auto industry nearly ceased to exist. One of the last major decisions former President Bush made before he left office was to give Chrysler and General Motors a combined $17.4 billion to keep ...
