New Chevys and Cadillacs well received by car buyers
General Motors took a hit to third quarter earnings compared with last year due to European struggles, but handily beat Wall Street forecasts thank to strong demand for its vehicles in the U.S. and better profit margins.
A downward-revised Corporate Average Fuel Economy (CAFE) standard and a push away from electric-drive vehicles and towards alt-fuel types such as natural gas may be some of the transportation measures in store if Mitt Romney beats Barack Obama in the US presidential election next month, Automotive News reports. A removal of tax credits for electric-vehicle buyers could also be on the table, says Hybrid Cars.
The auto industry rescue is key to winning a critical battleground state
A new TV ad produced by the Romney-Ryan campaign, running in Ohio heading into the last week of the Presidential campaign, severely distorts the facts of the auto bailout in the hopes of swaying independent voters.
The current and past presidents of Iowa Renewable Fuels Association were able to chat with Republican presidential nominee Mitt Romney on Tuesday, asking for his endorsement of the Renewable Fuels Standard (RFS) and ethanol. IRFA president Brad Albin and past president Walt Wendland approached Romney and put him on the spot while an associate filmed (watch it below). Romney's response? "I do support the RFS and ethanol."
Albin works for Renewable Energy Group and Wendland with Golden Grain
If you're campaigning for Mitt Romney and believe in the electrification of transportation, you're kind of between a rock and a hard place. While Romney previously had supported electric and other non-petroleum vehicles, more recently, he's shifted his focus to freedom from foreign oil through domestic, clean oil drilling. Once upon a time, after all, Romney said the Chevrolet Volt was an "idea whose time has not come."
Last week, Mitt Romney released a comprehensive energy plan. While taking a backseat to the economy and job creation, energy issues have been discussed regularly by presidential candidates Romney and Barack Obama, and their viewpoints diverge widely. In its online magazine, conservative think tank American Enterprise Institute broke out the core issues that separate the candidates:
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 through a structured bankruptcy process.
The Detroit News reports presidential hopeful Mitt Romney believes he deserves credit for the auto industry's recovery, despite the fact that he adamantly opposes the bailout. While speaking with a Cleveland, Ohio television station, Romney said he deserves "a lot of credit" because he supported the idea of managed bankruptcy. But both President George W. Bush and President Barack Obama believed General Motors and Chrysler couldn't survive the process without backing from the United States Treas
That's right, the potential Republican Potentate is an AMC muscle car; according to the Secret Service, anyway. The Republican race for the presidential nomination is getting serious, and National Public Radio reports that the the Secret Service is stepping in to offer its protective services to the potential nominees. When this happens, code names are given to the protectees; for example, President Reagan was called "Rawhide" by those watching out for him. Mitt's new Secret Service handle? Jave
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 billion from the Obama Administration in 2009.
If you want to know exactly what Republican presidential hopeful Mitt Romney thinks about the Chevrolet Volt, listen to his laugh before he answers a question about the car posed to him during a radio interview on WRKO in Boston recently. Romney was asked what he thought about the car, and he responded with a dismissive-sounding laugh by labeling the plug-in hybrid an "idea whose time has not come." He later explained that his attitude is proved correct by the Volt's low sales numbers. Whatever
"The president is going to go after me. I'll go after him." That pretty much sums up every presidential race in recent memory, where it seems attacking the opposing side is just as important as proving your own personal worth. And the 2012 U.S. presidential election, unsurprisingly, is shaping up much the same.