obama
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...
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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... July 6, 2009 by James Martinez 1
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... July 1, 2009 by James Martinez 1
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... June 24, 2009 by Viknesh Vijayenthiran 10
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... June 11, 2009 by James Martinez 3
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... June 10, 2009 by James Martinez
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... June 9, 2009 by Ralph Hanson 1
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... June 9, 2009 by Ralph Hanson 6
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... June 8, 2009 by James Martinez
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... June 4, 2009 by James Martinez 5
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... June 2, 2009 by James Martinez
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... June 1, 2009 by Ralph Hanson 4
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... June 1, 2009 by Nelson Ireson 3
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... May 31, 2009 by Ralph Hanson 1
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%... May 28, 2009 by Nelson Ireson 1
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... May 23, 2009 by Ralph Hanson 2
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