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2000 GMC Yukon

Obama signs $2 billion emergency funding for 'Clunker' program

That was quick. Just a month after President Obama signed in the $1 billion ‘cash for clunkers’ bill, and less than a week of it running, the program has already run out of money once and received approval from both the House and Senate for another $2 billion. With Obama's signature... read more

August 7, 2009 by 
 
GM Detroit headquarters

Bankruptcy court approves GM asset sale

General Motors is one step closer to emerging from bankruptcy, with a judge on Sunday approving an asset sale to allow the most profitable assets to exit bankruptcy... read more July 6, 2009 by 


 
Los Angeles Smog

EPA gives California and 13 other states waiver to regulate greenhouse gas emissions

The U.S. Environmental Protection Agency this week granted California a long-anticipated Clean Air Act Waiver. Under the plan, California - along with 13 other states - will... read more July 1, 2009 by 


 
2000 GMC Yukon

President Obama signs in Cash-for-Guzzlers bill

The Cash-for-Guzzlers bill is just one of the incentives the government is trying to implement to bring the U.S. auto industry back to its pre-recession levels. Recently, the... read more June 24, 2009 by 


 
White House

White House promises no more bailouts for Detroit 3

With accusations and hyperbole that the U.S. government's bailout of the Detroit 3 is a clear step towards socialism, President Barack Obama's automotive task force that has... read more June 11, 2009 by 


 
GM dealership

GM plans major changes for remaining dealerships

General Motors already has plans to slash hundreds of its dealers late next year, but for the dealers who make it through the cuts it won't just be a case of 'business as... read more June 10, 2009 by 


 
2011 Jeep Grand Cherokee

Supreme Court allows sale of Chrysler to Fiat

The Supreme Court has approved the sale of substantially all of Chrysler's assets to Fiat, helping to finalize their alliance as well as the American automaker’s... read more June 9, 2009 by 


 
U.S. Capitol Hill

Republicans and Democrats blame each other for GM collapse

The collapse of General Motors has seen some of the most divergent views on both politics and the automotive industry appear in recent times, and even though the collapse of... read more June 9, 2009 by 


 
GM Cadillac dealer

GM planning to cut hundreds of metro Cadillac dealers

General Motors has already announced plans to slash hundreds of dealerships across its brand portfolio, and now it appears even high-end Cadillac dealers won’t be... read more June 8, 2009 by 


 
Rick Wagoner Alan Mulally George Bush

Dick Cheney: Bush didn’t want to be the one to ”pull the plug” on GM

Earlier this week General Motors formerly announced that it had filed for chapter 11 bankruptcy but the truth of the matter is that the struggling automaker’s downfall... read more June 4, 2009 by 


 
Meet the new GM...not quite the same as the old GM

GM appoints Detroit turnaround expert Al Koch to oversee bad assets

In times of trouble, companies need a solid leader to help turn their fortunes around. You only need to look at what Fiat has achieved in the past few years with Sergio... read more June 2, 2009 by 


 
GM American flag

Official: GM files for Chapter 11 bankruptcy

General Motors today announced that it has filed for Chapter 11 bankruptcy following an agreement reached with the U.S. Treasury and the governments of Canada and Ontario to... read more June 1, 2009 by 


 
GM Detroit headquarters

U.S. government pledges $30 billion in GM bankruptcy financing

It's been expected for a long time but it finally appears as though General Motors’ bankruptcy is upon us, and with it the federal government is set to bring the... read more June 1, 2009 by 


 
GM Cadillac dealer

Another round of dealer cuts imminent at GM

Just a couple of weeks ago General Motors revealed that it would be cutting ties with over 1,100 dealerships, and the bad news keeps coming for dealers as the struggling... read more May 31, 2009 by 


 
Meet the new GM...not quite the same as the old GM

GM bondholders agree to take 25% of new company, U.S. Treasury gets 72.5% ownership

As General Motors prepares for a bankruptcy announcement on June 1, the U.S. Treasury is helping to pave the way by releasing a new deal that leaves GM's bondholders with 25%... read more May 28, 2009 by 


 
GM American flag

GM receives additional $4 billion in Treasury loans

General Motors received an additional $4 billion in loans from the U.S. Treasury late on Friday, while also reaching a cost-cutting agreement with the Canadian Auto Workers... read more May 23, 2009 by 


 
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