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Auto Bailout

Jennifer Bendery

Ron Bloom, Obama's Former 'Car Czar,' Leaving White House | Jennifer Bendery | Posted 10.09.2011 | Politics

WASHINGTON -- Ron Bloom, the president's former "car czar" who helped orchestrate the multibillion-dollar U.S. auto manufacturer bailout, is leaving h...

Auto Union Wants Bigger Cut Of Detroit Success

AP | Dee-Ann Durbin and Tom Krisher | Posted 09.24.2011 | Business

AUBURN HILLS, Mich. (AP) -- To help American carmakers stay in business, autoworkers grudgingly gave up pay raises and some benefits four years ago. ...

Auto Industry's Output Falls As Manufacturing Growth Flatlines

AP | By MARTIN CRUTSINGER | Posted 09.14.2011 | Business

WASHINGTON -- U.S. auto factories produced fewer goods in June than the previous month, and overall factory production was flat. It marked the third s...

A Billion Dollar Blunder?

Dan Rather | Posted 08.30.2011 | Business
Dan Rather

What if you made a 1.5 billion dollar mistake and couldn't take it back? According to recently unearthed court documents, one of the world's most prestigious law firms may soon face this question.

U.S. Has 'Clear Path' To Selling Its Remaining General Motors Stake

Posted 08.22.2011 | Business

DETROIT - The Treasury has a "clear path" to selling its remaining stake in General Motors Co shares, a senior Obama administration official is ex...

Honda Profits Set To Plunge By Over Three-Fifths

AP | By YURI KAGEYAMA | Posted 08.14.2011 | Business

TOKYO -- Honda's profit for the fiscal year through March 2012 is expected to plunge 63.5 percent as vehicles sales slipped amid a parts shortage caus...

Restaurant Name-Checked By Obama As Beneficiary Of Auto Bailout To Close

AP | By JoANNE VIVIANO | Posted 08.09.2011 | Politics

COLUMBUS, Ohio -- The owners of an Ohio restaurant touted last week by President Barack Obama as an indirect beneficiary of the government's Chrysler ...

Obama On Auto Bailout: Yes We Did, And It Worked

AP | JIM KUHNHENN | Posted 08.03.2011 | Politics

TOLEDO, Ohio -- President Barack Obama said Friday that the economy faces challenges ahead and "bumps on the road to recovery." But at an event to cel...

Tim Geithner: Chrysler, GM Head U.S. Manufacturing's 'Comeback'

The Washington Post | Timothy Geithner | Posted 08.01.2011 | Business

Nothing about the president’s call was popular. It may have been more politically expedient to let Chrysler fail. But the president knew that if Chr...

Marcus Baram

The Wake-Up Call: Car Accident Victims Left Behind In Huge Bailouts Of GM, Chrysler | Marcus Baram | Posted 07.27.2011 | Business

• Thousands of car accident victims were left behind by the massive government bailouts of GM and Chrysler. The $50 billion rescue of GM and the res...

It's Been a Bad Week for GOP Lies About Obama

Mitchell Bard | Posted 07.07.2011 | Politics
Mitchell Bard

As the last week or two unfolded, I was struck by how several news events absolutely obliterated three of the top lies told by Republicans to try and bring down the president.

First Profit Since Bankrupcty

AP | By DEE-ANN DURBIN | Posted 07.02.2011 | Business

DETROIT -- Chrysler has turned its first profit since leaving bankruptcy two years ago. The company reported first-quarter net income of $116 million...

GM Hourly Workers Get $4,000 Bonuses

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly ...

Detroit Auto Show: Big Three Prove They're Still in The Game

Nick Aziz | Posted 05.25.2011 | Business
Nick Aziz

Yes, there are management problems. Yes, the wage gap must be eliminated. But when it's all said and done, the product is what will make or break the Detroit Three.

GM Drops U.S. Loan Application

Reuters | David Lawder | Posted 05.25.2011 | Business

WASHINGTON (Reuters) - General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, sayin...

GM IPO Expected To Raise $10 Billion, Sources Say

Posted 05.25.2011 | Business

DETROIT (AP, Tom Krisher and Sharon Silke Carty) -- The sale of General Motors stock is expected to raise about $10 billion in an initial public offer...

Phil Long Denver Jeep Chrysler Hits Snag In Bid To Sell Again

AP | CATHERINE TSAI | Posted 05.25.2011 | Denver

DENVER — A car dealer's effort to start selling Jeeps and Chryslers again has hit a roadblock. The Phil Long Denver Jeep Chrysler dealership wa...

The Re-Inflating Car Bubble

Catherine Lutz | Posted 05.25.2011 | Business
Catherine Lutz

The much-touted improved profitability of many car companies is not based on earnings from manufacturing or selling the vehicles but from charging interest.

Amanda Terkel

WATCH: Texas Governor Grilled On Fox News Sunday | Amanda Terkel | Posted 05.25.2011 | Politics

WASHINGTON -- Republican Governors Association Chairman Rick Perry (R-Tex.) was grilled on Fox News Sunday about his views on health care, the auto ba...

SAIC, China's Largest Automaker, To Invest In GM

AP | Posted 05.25.2011 | Business

DETROIT — SAIC Motor Corp., China's largest automaker and a joint-venture partner with General Motors, is preparing to buy about $500 million wo...

White House Reportedly Calling The Shots On GM IPO

Posted 05.25.2011 | Business

NEW YORK/DETROIT (Reuters, By Clare Baldwin, Soyoung Kim and Kevin Krolicki) - Steve Girsky remembers sitting at his kitchen table in New York on the...

Companies That Received Bailout Money Giving Generously To Candidates

Washington Post | Posted 05.25.2011 | Politics

Senate Minority Leader Mitch McConnell (Ky.) was a fierce critic of the federal bailout of General Motors and Chrysler last year, saying he "cannot as...

Obama's Stimulus Revives Car Town, Dropping Unemployment Rate

CNN Money | Steve Hargreaves | Posted 05.25.2011 | Business

Kokomo is going back to work. A year and a half ago the fate of this car town, home to four Chrysler plants and a Delphi facility, was as uncertain a...

SEC = Securities Executive Club

Iris Mack | Posted 05.25.2011 | Business
Iris Mack

Many people are now convinced that the SEC lets white collar criminals get away with murder. For example, the Wall Street Journal recently reported t...

I Don't Care About Apathy

B. Jeffrey Madoff | Posted 05.25.2011 | Media
B. Jeffrey Madoff

How does the media hype stack up to what actually happened? 98 percent of incumbents were nominated, not exactly "anti-incumbency fever."