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Auto Bailout

U.S. Officially Ends The Auto Bailout, WIth A Profit

Reuters | Posted 12.19.2014 | Politics

(Adds details on timing of sale, share price movements) WASHINGTON, Dec 19 (Reuters) - The United States closed out its last big inves...

U.S. Treasury Denies Allowing 'Excessive' Executive Pay At GM, Ally Financial

Reuters | Posted 11.24.2014 | Politics

By Paul Lienert and Bernie Woodall DETROIT, Sept 24 (Reuters) - The U.S. Treasury last year permitted top executives at General Motors...

The VA Scandal Proves We Need Four More Years of Obama

Brian Joyce | Posted 08.03.2014 | Politics
Brian Joyce

With all due respect to Sen. McCain, I have a different take on this. I, too, am outraged by the lack of care that many of our veterans have received, but I'm not at all bewildered by it. In fact, I saw it coming for years.

Michigan Rep. Attacks Opponent For Auto Bailout Stance

AP | DAVID EGGERT | Posted 03.03.2014 | Politics

LANSING, Mich. (AP) — Michigan Democratic Rep. Gary Peters sought Monday to put Republican Terri Land on the defensive in their U.S. Senate race by ...

Biden To Ford Executive: 'Thank You For Saving Our Ass'

The Huffington Post | Mollie Reilly | Posted 01.25.2014 | Politics

Vice President Joe Biden offered a top Ford Motor Company executive some blunt praise during a stop in Detroit, Mich. on Thursday. "Thank you for ...

Winning The War On Poverty In 2014: Means Defeating the Wolves on Wall Street and Cowards on Capitol Hill

Reverend Charles E. Williams II | Posted 03.15.2014 | Black Voices
Reverend Charles E. Williams II

We can hear the 'wolves on Wall Street' howling at rising profits and executive salaries -- while the sucking sound you hear are jobs and families flung into poverty. 2014 will require a vigilant vote and voice to make a real difference for a very real problem.

Why Are the Detroit Three Resisting New Mileage and Emissions Rules?

Dan Becker and James Gerstenzang | Posted 02.19.2014 | Business
Dan Becker and James Gerstenzang

The biggest single step any nation has taken to fight global warming is working. Now if the auto industry -- finally selling cleaner cars and making real profits -- would just stop fighting it.

U.S. Government Sells Off The Rest Of Its GM Stock

AP | TOM KRISHER | Posted 12.10.2013 | Business

DETROIT (AP) — The U.S. government ended up losing $10.5 billion on the General Motors bailout, but it says the alternative would have been far wors...

The Last Cadillac Dealership of Detroit

Ethan Casey | Posted 11.12.2013 | Detroit
Ethan Casey

"That auto task force," said Keith, "and I'm sorry to get political, but it is political, that auto task force that Obama put together, not one single member of it had any automotive experience."

Auto Industry Poised To Boost Hiring

AP | TOM KRISHER | Posted 06.09.2013 | Business

DETROIT -- The auto industry is about to go on a hiring spree as car makers and parts suppliers race to find engineers, technicians and factory worker...

Government Moves Closer To Ending Sad Chapter In GM's History

AP | By TOM KRISHER | Posted 06.10.2013 | Business

DETROIT (AP) — The government has sold another piece of its stake in General Motors Co. The Treasury Department said in its March rep...

Bailed-Out Automaker Denies Damning Accusations

Reuters | Posted 04.28.2013 | Business

* Disputes reports saying automaker requested pay increase * Says requested $9 mln pay package, not $11.1 mln * GM says ...

Bailed-Out Automaker's Profit Soars

AP | DEE-ANN DURBIN and TOM KRISHER | Posted 04.01.2013 | Business

DETROIT — In just three years, Chrysler has gone from government ward to rising star. The No. 3 U.S. automaker made $1.7 billion last year than...

Major Lawsuit Could Undo Some Of Bailout

Reuters | Posted 03.05.2013 | Business

By Tom Hals Jan 3 (Reuters) - A U.S. bankruptcy judge could soon rule on whether the 2009 government-led restructuring of General Moto...

Jason Linkins

Politifact Awards 'Lie Of The Year' To Romney Jeep Ad

HuffingtonPost.com | Jason Linkins | Posted 12.13.2012 | Politics

We have come to the end of another year, and so it is once again time for PolitiFact to tell us what the 2012 "Lie Of The Year" is. For me, it's prett...

John Celock

Governor Accused Of $1.4 Million Pat On Back

HuffingtonPost.com | John Celock | Posted 11.21.2012 | Politics

Ohio Gov. John Kasich (R) is being criticized by a potential 2014 opponent for a new $1.4 million ad campaign touting the state's economic development...

Was Romney Destined To Lose?

Justin Launer | Posted 01.13.2013 | Politics
Justin Launer

America woke up last Wednesday to find its government essentially unchanged. After a campaign season that lasted for almost a year and a half and cam...

What Mitt Romney Could Never Overcome

AP | JOHN FLESHER | Posted 01.11.2013 | Politics

DETROIT — Only a couple of weeks after Barack Obama won the presidency in 2008, the man who would become his Republican challenger in the next e...

Exit Noise, Enter . . . ?

Jack Schimmelman | Posted 01.08.2013 | Politics
Jack Schimmelman

I assure you that this president will go on to become one of our greatest. After denial has fled our shared amnesia, history will once again see that it was this tall, thin young man who stood between us and disaster and had the courage to do what was necessary.

52 Reasons to Vote for Obama: #9, Saved the U.S. Auto Industry

Bernard Whitman | Posted 01.05.2013 | Politics
Bernard Whitman

The big three automakers -- GM, Ford, and Chrysler -- are profitable for the first time in seven years. GM recorded its highest profits ever in 2011, earning $9.19 billion, the most in its 103-year history.

A Lemon Under the GM Bailout Hood

Mark Pfeifle | Posted 01.05.2013 | Politics
Mark Pfeifle

When you look under the hood of President Obama's auto bailout and take it for a test drive, you learn it's a lemon. Sorry, Mr. President. No sale.

Groups Attacks Obama Over Autobailout

The Huffington Post | Paul Blumenthal | Posted 11.04.2012 | Politics

The American Future Fund, a "dark money" conservative nonprofit group, reported spending $2.8 million for the final days of the presidential campaign ...

Zach Carter

Did GM Bail Out Mitt Romney?

HuffingtonPost.com | Zach Carter | Posted 11.03.2012 | Politics

In 2000, a financially struggling plastics company that supplied car parts received emergency funding from auto manufacturers General Motors and Ford ...

Jon Ward

Mitt Romney Caught Between Economic Philosophy And Swing State Politics

HuffingtonPost.com | Jon Ward | Posted 11.02.2012 | Politics

Mitt Romney's campaign on Friday promoted a USA Today op-ed published online by Hal Sperlich, the former president of Chrysler Corporation, endorsing ...

The Plain Truth on Auto Jobs

Scott Paul | Posted 01.23.2014 | Business
Scott Paul

The implication made by the Romney ad plays on the fears of millions of American manufacturing workers who face the very real threat of having their jobs outsourced. These workers don't deserve pandering, nor do they deserve falsehoods.