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    Report: House votes to end car czar's tenure

    The czars – all of them – are dead in the House of Representatives. Even though every "czar" position in government had already been vacated, the House passed a spending bill that officially eliminated the role and forbids the White House from naming more. In some cases, automotive ...

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    Report: Judge tosses out suit by Delphi pensioners against Treasury

    The Detroit News is reporting that a federal judge has thrown out a portion of the lawsuit brought against the federal government by Delphi retirees. The former employees of the automotive supplier brought suit against the federal government after their pensions were terminated in bankruptcy ...

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    Report: Ron Bloom, U.S. auto advisor, leaving White House

    Ron Bloom, the man who replaced Steve Rattner as the so-called Car Czar advising the White House on decisions impacting the auto industry, is reportedly leaving his post by the end of the month. We're not surprised – General Motors and Chrysler successfully emerged from their ...

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    Report: Ex car czar Bloom asked by Congress to clarify statements made under oath

    Ron Bloom, the former car czar under President Barack Obama, is being asked to clarify some of the statements he made under oath to the United States Congress last month. Three members of the Congressional oversight committee are specifically interested in the Bloom's denial that he remarked "I ...

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    Report: 'Car Czar' post nixed as part of federal budget deal

    Last week, the government avoided a costly shutdown by cutting $38 billion from the 2012 federal budget. The American people are just now hearing what those cuts consist of, and it appears the auto industry and industry regulation have been affected. The Detroit News is reporting that the ...

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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 ...

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    REPORT: GM's CFO Ray Young likely to resign

    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 won't make it to the top. The Detroit News reports that Young is going to resign his post as CFO in ...

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

    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 automotive giants through restructuring in an impressively quick manner has given the Obama ...

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    REPORT: Government ends warranty programs for GM, Chrysler

    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 means cold, hard cash, and in this case the total was $641 million. But with both companies out of ...

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

    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 statement from Treasury Secretary Timothy Geithner, Rattner (above, far right) will now "transition ...

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    Auto Task Force says no more money for auto bailouts... probably

    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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