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Auto Bailout

Was GM-Chrysler Bailout A Blank Check?

AP | KEN THOMAS | Posted 05.25.2011 | Business

WASHINGTON — To hear President Barack Obama's account of the government's rescue of General Motors and Chrysler, you might think the Bush admini...

Car Czar Steven Rattner On Saving Detroit, From His Book 'Overhaul' | STEVEN RATTNER | Posted 05.25.2011 | Business

The week after his 2008 election, in Chicago, at President Barack Obama's first substantive sit-down with his economic advisers, it was conceded that ...

Sleeper Candidate?

Henry J. Stern | Posted 05.25.2011 | New York
Henry J. Stern

The next eight weeks will show us whether the Republican candidate for comptroller can ignite widespread feelings against incumbency and the public demand for fiscal responsibility into support.

Is the GOP Looking Out for You?

Mitchell Bard | Posted 05.25.2011 | Politics
Mitchell Bard

Policy debates are a good thing. But what is not useful for democracy is for partisans to knowingly lie about the facts in play to make an argument that plays to their rigid ideological position.

Labor's Popularity Struggles Amid Criticism of Public-Sector Unions

Akito Yoshikane | Posted 05.25.2011 | Politics
Akito Yoshikane

With 46 percent of Americans saying that their power will decline in the coming years, can unions steer themselves back into favor?

Inspector General Criticizes Treasury's Role In GM, Chryslsr Dealer Closures

AP/Huffington Post | Posted 05.25.2011 | Business

A government watchdog is criticizing the Treasury Department for urging General Motors and Chrysler to quickly reduce the size of their dealership net...

A Triple-Dipping Auto Industry at the Public Buffet

Catherine Lutz | Posted 05.25.2011 | Politics
Catherine Lutz

Like an ill-mannered guest hovering over the salsa and tortilla chips, the auto industry has been triple dipping on the American taxpayer while the oil companies have been wolfing down an assortment of treats. Let's show them both the door.

How Ed Whitacre Is Rebuilding General Motors

Bill George | Posted 05.25.2011 | Business
Bill George

It's no secret I have been critical of General Motors management, right up to its bankruptcy filing a year ago. For decades, GM management focused on ...

Obama Weekly Address: President Hits Wall Street For Causing Downturn With Reckless Risk Taking (VIDEO)

Posted 05.25.2011 | Politics

DARLENE SUPERVILLE, Associated Press WASHINGTON - President Barack Obama on Saturday cited encouraging signs of an auto industry rebound as he promot...

Why Your Car Dealer May be a New-Fashioned Sexist

Catherine Lutz | Posted 05.25.2011 | Business
Catherine Lutz

Our interviews with owners, buyers and salespeople show that men, though on the whole more knowledgeable about cars -- tend to be less rational about their car purchases than are women.

Gingrich Thinks Saving 1 Million Jobs Is "Anti-Market"

Mike Elk | Posted 05.25.2011 | Business
Mike Elk

As a result of the government stepping in, the auto industry gained nearly 45,000 jobs, which was the highest rate of job growth in the auto sector in over a decade.

Cars: If "Buy American" Were History

Marcia DeSanctis | Posted 05.25.2011 | Business
Marcia DeSanctis

For those of us raised on "Buy American," it was never about jingoistic claptrap, but about duty -- accepting the limits of Detroit's cars to support American manufacturing and jobs.

Future Cars, Now: The Next Steps To Fight Global Warming

Dan Becker and James Gerstenzang | Posted 05.25.2011 | Green
Dan Becker and James Gerstenzang

Getting the next generation of cars right isn't just good for the planet. It's good for American jobs. It's good for the economy. It's even good for the carmakers.

Auto Dealers Stalled: Senate Chooses to Invest in Families

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

Last night's passage of the "Restoring American Financial Stability Act of 2010" (S. 3217) in the Senate was remarkable for many reasons, but what may...

The Eleventh Hour: Don't Let Auto Dealers and Wall Street Steal Our Victory in the Night

Janis Bowdler | Posted 05.25.2011 | Business
Janis Bowdler

The congressional debate on financial reform turned a corner when Senator Reid (D-NV) filed for cloture Monday night. There are senators, however, working hard to unravel the gains included in the bill.

A Referendum on Referendums

B. Jeffrey Madoff | Posted 05.25.2011 | Politics
B. Jeffrey Madoff

A referendum is a direct election, not an indicator of popular opposition. The only referendum Obama has faced was the presidential election.

GMAC: Pay Czar Limits Executive Pay At Struggling Lender

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The Obama administration's pay czar is limiting 2010 compensation for top executives at GMAC Inc. because the auto finance giant co...

Toyota's Gift to Detroit

Andy Ostroy | Posted 05.25.2011 | Business
Andy Ostroy

Toyota's crisis is the biggest gift to American automakers since the government's bailout eighteen months ago. If Detroit is smart, we'll be hearing a lot of "Buy American" very soon.

Rounding GM's Square Wheels

Dan Becker and James Gerstenzang | Posted 05.25.2011 | Green
Dan Becker and James Gerstenzang

Moving belatedly into the 21st century, General Motors now has an opportunity to find a permanent chief who understands the new business environment, as well as the environment itself.

GM, Chrysler Reconsider Thousands Of Dealership Closings

AP | STEPHEN MANNING | Posted 05.25.2011 | Business

WASHINGTON — General Motors Co. and Chrysler will reconsider decisions to close thousands of dealerships as part of a compromise meant to stave ...

A Lesson for Barack Obama From the Harold Washington Playbook

Rebecca Sive | Posted 05.25.2011 | Chicago
Rebecca Sive

Chicago Mayor Harold Washington never did move away from his people; he stuck with them; he delivered for them. The result: They stuck with him.

GM CEO: We'll Repay The Government By The End Of June

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — At his first meeting with General Motors' top executives after being named chairman last summer, Edward Whitacre Jr. candidly, perhaps...

Obama Administration: General Motors IPO Will Be Exclusive: U.S. wants to fast-track GM IPO

Reuters | Kevin Krolicki and John Crawley | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The Obama administration wants a fast-track initial public offering of General Motors Co shares to reduce its majority stake in...

Jon Stewart Author Interview: Paul Ingrassia On The State Of The Auto Industry (VIDEO)

Comedy Central | Posted 05.25.2011 | Books

Paul Ingrassia, author of the new book "Crash Course," was on the Daily Show last night to talk about the state of the auto industry after its bailout...

Did GM CEO Fritz Henderson's Daughter, Sarah Henderson, Rant On Facebook?

Posted 05.25.2011 | Business

Did the daughter of GM's resigned CEO Fritz Henderson write an incendiary message on the company's Facebook fan page, trash-talking the automaker's ch...