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Ron Bloom: Obama's Manufacturing Czar, 'The Proletarian Schlub' Charged With Saving American Jobs

The New Republic | Noam Scheiber | Posted 12.08.2009 | Business

Read More: Unemployment, Chrysler, Factory Jobs, Gm, Manufacturing Czar, Manufacturing, United Steelworkers, Obama, Leo Gerard, Ron Bloom, Auto Industry, Business News

A few weeks after the 2008 presidential election, United Steelworkers President Leo Gerard got a call from an Obama transition aide frantic for advice...

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LA Auto Show: Green and Smaller Could Mean Big Profits for Automakers

Michael Rose | Posted 12.07.2009 | Los Angeles

Read More: Chevrolet Volt, Chevrolet Cruze, Bob Lutz, Ford Fiesta, Gm, Fisker-Karma, Electric Cars, Alternative Fuels, LA Auto Show, Autos, Los Angeles News

Companies that have earned enormous profits selling giant trucks and SUVs are in the process of re-branding themselves as responsible corporate citizens with an obligation to society.

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GM, Chrysler Reconsider Thousands Of Dealership Closings

AP | STEPHEN MANNING | Posted 12.04.2009 | Business

Read More: Cars, Chrysler, Dealerships, General Motors, Gm, Auto, Dealership Closing, Dealership Closings, Automakers, Auto Industry, Auto Bailout, Business News

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

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Chevy Volt DETAILS: Hybrid Car Will Go On Sale In California Next Year

AP | Posted 12.02.2009 | Business

Read More: Chevy Volt, Chevy, General Motors, Gm, Electric Car, Hybrid Cars, Fuel Efficien, Business News

LOS ANGELES — General Motors says the Chevrolet Volt electric car will go on sale late next year in California. GM said Wednesday at the Los An...

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

Posted 12.02.2009 | Business

Read More: Auto Bailout, Fritz Henderson, Sarah Henderson Facebook Post, Gm, Henderson's Daughter, Sarah Henderson, Facebook, Sara Henderson, GM CEO, Business News

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...

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GM CEO Fritz Henderson To Resign: AP Source (BREAKING)

AP | TOM KRISHER and KEN THOMAS | Posted 12.02.2009 | Business

Read More: Detroit Automakers, Fritz Henderson, Rick Wagoner, Gm, Associated Press, General Motors CEO Resigns, Inewsroom, John Gapper, Edward Whitacre, Business News

DETROIT — GM's board and CEO Fritz Henderson parted ways Tuesday, the board upset that the automaker was changing too slowly and Henderson frust...

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Detroit Needs Housing Rebound To Spur Pickup Sales

AP | TOM KRISHER | Posted 11.29.2009 | Business

Read More: Housing Market, Housing, Truck Sales, Chevy, Chevrolet, Gm, Cars, Ford, Trucks, Home Sales, Automakers, New Homes, Cash for Clunkers, Detroit, Housing Boom, Construction, Pickup Trucks, Business News

DETROIT — At Kevin Haner's construction company in Las Vegas, three of the four Dodge Ram pickup trucks are starting to get a little old. He may...

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GM's Saab Sale CANCELED: Swedish Buyer Steps Out

AP | TOM KRISHER and DEE-ANN DURBIN | Posted 11.25.2009 | Business

Read More: Gm, Saab, Detroit, Koenigsegg, Auto Industry, Auto Manufacturers, Business News

DETROIT — A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied Swedish brand born from jets in ...

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Faced With Strong Banks And Weak Credit Markets, Treasury May Be Rethinking TARP

AP | JIM KUHNHENN | Posted 11.24.2009 | Business

Read More: Tarp, Finanical-Crisis, Treasury Department, Credit, Bailout, Wall Street, Lending, Tim Geithner, Troubled Asset Relief Program, Gm, Banks, Consumer Spending, Credit Markets, Recession, Business News

WASHINGTON — Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue th...

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China Buys Hummer Brand -- Further Evidence of a Shock Doctrine-Assaulted America?

Rob Kall | Posted 11.23.2009 | Business

Read More: Naomi Klein's Shock Doctrine, Goldman Sachs, Bernie Sanders, Morgan Stanley, China, Gm, General Motors, Sherrod Brown, Dennis Kucinich, Business News

We have to wonder if the US had taken Hummer, especially with its dependence on the military version, and turned it into a government-owned operation, would the US benefit?

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GMAC CEO Alvaro de Molina Steps Down

AP | DAN STRUMPF | Posted 11.17.2009 | Business

Read More: Gmac, Alvaro De MOlina, GMAC CEO, Gmac-Properties, Gm, Bailout, Business News

NEW YORK — GMAC Financial Services says Alvaro de Molina has stepped down as CEO, a surprise departure that comes as the troubled auto lender re...

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GM To Begin Repaying Aid By Year-End

AP | KEN THOMAS | Posted 11.16.2009 | Business

Read More: Saturn, Gm, Ford, Cars, General Motors, Ed Whitacre, Bailout, General Motors Co., Washington, Fiat, Detroit, Car Makers, Jeep, Auto Bailout, Business News

WASHINGTON — General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amou...

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Ford, GM, IBM and China: A Match Made in the Han Dynasty

John Wagner Givens | Posted 11.17.2009 | World

Read More: GM Bailout, GM Bankruptcy, Gm, GM Buyouts, Hummer Sale, Chinese Government, Volvo, Ford, Hummer, China, Ford to Sell Volvo to Geely, World News

For cultural and historical reasons, China has relatively less experience in brand building, so the US currently seems to have a comparative advantage in internationally known brands.

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Neil Barofsky, TARP Watchdog: Bailout Will 'Almost Certainly' Result In Loss For Taxpayers

bloomberg.com | Robert Schmidt | Posted 11.12.2009 | Business

Read More: Tarp, Bailout, TARP Watchdog, Chrysler, Gm, Bank of America, Neil Barofsky, Aig, Citgroup, Fiscal Policy, Business News

Nov. 12 (Bloomberg) -- Neil Barofsky, the federal watchdog for the $700 billion financial industry bailout, said the program will "almost certainly" r...

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GM & Opel Unit: Anger And Confusion Over GM's Decision Not To Sell European Operation

AP | GEIR MOULSON | Posted 11.05.2009 | Business

Read More: Gm, Business News

BERLIN — General Motors Co.'s decision to scrap the sale of European subsidiary Opel raised new uncertainty Wednesday over the unit's future, as...

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7 Huge Corporations That Have Seen Their Valuations Plummet (PHOTOS)

Posted 11.03.2009 | Business

Read More: Merrill Lynch, Market Capitalization, General Motors, The New York Times, Slidepoll, Gm, Palm, Company Valuations, Facebook, Businessweek, Citigroup, Business News

A little more than a year after the financial crisis took hold, most of our 401Ks are still reeling. Since its peak in 2007, the Dow Jones Index is do...

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Ford Workers Reject Contract changes

AP | DEE-ANN DURBIN and TOM KRISHER | Posted 10.31.2009 | Business

Read More: Gm, Wages, Cost of Living, Ford, Jobs, Cars, Cola, Automakers, Labor Costs, Hours, Chrysler, UAW Contract, Unemployment, New Contract, Increases, Labor Contract, Detroit, Uaw, Ford Contract, Auto Bailout, Business News

DETROIT — Ford Motor Co. workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut labor costs, leaving...

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Slicing and Dicing at GM and Chrysler

James P. Hoffa | Posted 10.31.2009 | Business

Read More: Automakers, Tarp, Elizabeth Warren, Congress, Bailout, Chrysler, Gm, Fritz Henderson, Wages, Sergio Marchionne Fiat, Fiat, Carhaul, Teamsters, Thanksgiving, Business News

When it comes to carhaul drivers, automakers are failing to meet their end of the bailout bargain and taxpayers should hold them accountable.

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Geithner Testimony: New "Too Big To Fail" Legislation Won't Lead To More Bailouts

AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business

Read More: Aig, Chrysler, Gm, Lehman Brothers, Federal Reserve Board, Tim Geithner, Barney Frank, Freddi Mac, Fannie Mae, Daniel Tarullo, Bailout, Too Big Too Fail, Geithner Testimony, House Financial Services Committee, Financial Crisis, Fiscal Policy, Business News

WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...

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Money Doesn't Buy Reliability

Scott Burgess | Posted 10.28.2009 | Business

Read More: Cars, Reliability, Auto Industry, Consumer Reports, Toyota Camry, European Car Industry, Chrysler, Honda Accord, Gm, Luxury Cars, Car Reliability, Ford, American Auto Industry, Best Car Models, Business News

An interesting tidbit came out of a recent Consumer Reports study: The more money a consumer spends on a car does not translate into a more reliable vehicle.

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Reva: Electric Car's Future May Be In The Hands Of Small Indian Company

New York Times | VIKAS BAJAJ | Posted 10.28.2009 | Business

Read More: Reva, Chevy Volt, Tata Motors, General Motors, Gm, Electric Car, Nissan Leaf, Business News

What is indisputable is that as the whole automotive world seems to be racing suddenly toward the age of electricity, the Reva Electric Car Company is...

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Pay Czar Ken Feinberg Raised Base Pay At Bailed Out Firms

Wall Street Journal | DAVID ENRICH and DEBORAH SOLOMON | Posted 10.28.2009 | Business

Read More: Citigroup, White House, Base Pay, Gm, Kenneth Feinberg, Compensation, Obama, Pay Czar, Gmac, Aig, Bank of America, Chrysler, Raised Base Pay, General Motors, Bonuses, Ken Feinberg, Executive Pay, Business News

Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control...

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GMAC Asks For $2.8 Billion More In Taxpayer Money

Wall Street Journal | DAN FITZPATRICK and DAMIAN PALETTA | Posted 10.28.2009 | Business

The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has re...

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Obama Strikes Back -- First Year Agenda, Phase III

Michael B. Laskoff | Posted 10.30.2009 | Politics

Phase III: Obama Strikes Back. The Republicans are still leaderless and teabaggers have hung up their Lipton for the winter. Meanwhile, two-thirds of Americans still want health care reform.

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Growing Up In Detroit: Community Organizing With Mostaccioli

Nancy Cronk | Posted 10.16.2009 | Living

Read More: Growing Up, Large Families, Uaw, Unemployment, Chrysler, Economy, Detroit, Gm, Community Organizing, Italian Food, Ford, Unions, Living News

Raising a big family was tough for my parents. Feeding eleven people on an auto-workers income meant everything my parents did required effort and creativity.

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