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Government reportedly encouraged by Fiat's plan for Chrysler, sees "huge sense of urgency"

Two weeks ago Fiat and Chrysler unleashed an ambitious five-year plan to return Detroit's number three automaker to financial and product health. The plan called for 14 all-new models based mostly on Fiat platforms and ten more vehicles which will receive much-needed attention. While Senator John McCain isn't so sure Chrysler will survive the next few years, Obama Auto Task Force Chief Ron Bloom likes what he sees. Automotive News is reporting that Bloom says the Pentastar plan shows "a huge sense of urgency. We see a huge dedication and ... Read more →

REPORT: GM's CFO Ray Young likely to resign Chris Shunk

The last two chief financial officers at General Motors, Rick Wagoner and Fritz Henderson, eventually became CEO. Ray Young, who has been CFO at the General for less than a year and a half, likely ...

Ron Bloom, Obama's chief auto advisor to become manufacturing czar? Dan Roth

Ron Bloom's role in the bankruptcy and re-emergence of Chrysler and General Motors has proven that his experience driving negotiations with the United Steelworkers union is portable. Pushing the two ...

REPORT: Government ends warranty programs for GM, Chrysler Chris Shunk

On March 30, President Obama announced that the federal government would back the warranties of General Motors and Chrysler in the event of bankruptcy. When the president says the word "backing," he ...

BREAKING: Rattner reportedly quitting post as head of Auto Task Force Jeremy Korzeniewski

Steve Rattner, the former Wall Street executive who was tapped by the Obama Administration run point for the Auto Task Force, is reportedly stepping down after five months on the job. According to a ...

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Auto Task Force says no more money for auto bailouts... probably 5 months ago on Autoblog

To date, the U.S. government has reportedly given General Motors, Chrysler, their financial institutions and various industry suppliers about $80 billion in taxpayer money, and Congress wants to know when we're going to get that money back. The Senate Banking, Housing and Urban Affairs Committee ...

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Autoblog Podcast #155: 'Twas the night before LA...

Chris, Dan, and Editor Paukert go over some LA Preview action and quietly whoop it up on the podcast.

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