Barack Obama

President Barack Obama

Obama unveils new national fuel efficiency policy, 35.5mpg by 2016

Carmakers are already fretting at the thought of achieving the new 35mpg CAFE standards imposed by the U.S. government by the current 2020 deadline, but an announcement by President Barack Obama today revealed the plan to get the standard up to 35.5mpg by 2016. The plan requires a gain of over 5%... read more

May 19, 2009 by
2010 Toyota Prius

Foreign car dealer's association angry with Obama's 'buy American' message

Toyota, Nissan and Honda all build cars in the U.S. General Motors, Chrysler and Ford all build cars in Mexico and Canada in addition to within the U.S. It's hard to know... read more May 1, 2009 by

Fiat and Chrysler logos

Chrysler and Fiat finally form global strategic alliance

Bankruptcy is the word of the day for Chrysler, but 'merger' will soon be replacing it. The whole bankruptcy process is being pushed forward quickly to eliminate the... read more April 30, 2009 by

2010 GMC Terrain

GM says Pontiac and GMC are safe, updated restructuring plan coming tomorrow

General Motors is currently seeking a buyer for Hummer, is looking to sell a stake in Opel, plans to cut its ties with Saab, and is open to almost anything with Saturn, but... read more April 16, 2009 by

Capitol Hill

Suppliers only allocated $3.5 billion in aid, not $5 billion

In the first major sign that the U.S. government was keen on helping out the entire domestic auto industry and not just the Detroit 3 carmakers, the U.S. Treasury approved a... read more April 7, 2009 by

Obama addresses the U.S. auto industry

Obama throws weight behind car scrapping, new car tax incentives

The 'cash for clunkers' type programs have proven hugely successful in Europe - particularly in Germany - and today President Obama put his support behind at $7,500 trade-in... read more March 30, 2009 by

Rick Wagoner

Wagoner nabs $20 million retirement package on forced exit from GM

When you're Rick Wagoner, you get a golden parachute even when you're thrown out of the plane. The news today of Wagoner's $20 million retirement package might come as a... read more March 30, 2009 by

GM and Chrysler headquarters

Auto industry task force rejects GM and Chrysler viability plan

The Obama administration auto industry task force has rejected viability plans for General Motors and Chrysler and threatened that both may be forced into bankruptcy unless... read more March 30, 2009 by

GM CEO Rick Wagoner

GM CEO Rick Wagoner resigns, Fritz Henderson takes the reigns

General Motors has confirmed that CEO Rick Wagoner will resign at the behest of President Barack Obama and his auto industry task force. Wagoner is stepping down from the top... read more March 29, 2009 by

2010 Ford Fusion Hybrid

U.S. raises fuel economy floor to 27.3mpg for 2011

You might disagree with his methods, but you can't deny President Obama's determination to improve the U.S. car industry's situation and to remedy the nation's current energy... read more March 27, 2009 by

President Barack Obama

Obama backs EPA proposal that could lead to national emissions framework

For some time now the American environmental movement, especially in regards to CO2 emissions from cars, has been held back by state-specific legislation that makes it... read more March 26, 2009 by

The Chevy Aveo is already built in Mexico

Small car, hybrid sales taking a long drive off a short pier

The short-sightedness of the car-buying public is breathtaking. It was just months ago that fears over $4 gas prices had people scurrying about, dumping loaded SUVs for a... read more March 23, 2009 by

Chrysler and GM Detroit headquarters

Chrysler: We’re a safer bet than GM

If asked whether General Motors or Chrysler were in a better financial position, many of us would conclude that GM looks better. However, Chrysler's chief financial officer... read more March 20, 2009 by

President Barack Obama

Obama approves $2.4 billion in electric vehicle funding

Calling the U.S. federal government's expenditures under the end of President Bush's tenure and the beginning of President Obama's a 'spending spree' is to beggar the term... read more March 20, 2009 by

Jay Leno and the Chevrolet Camaro

Jay Leno poking fun at Detroit with ‘Comedy Stimulus Plan’

On last night’s episode of The Tonight Show Jay Leno announced his plan for stimulating America with what he does best – telling jokes. Leno will make an... read more March 10, 2009 by

2011 Chevrolet Volt test mule

Chevrolet Volt driving day planned for Obama’s auto industry task force

They did it in the nation’s capital at the first round of viability meetings and tomorrow in Detroit government officials will once again be able to drive a prototype... read more March 8, 2009 by


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