A UAW worker assembling a Hummer H3T

GM and UAW reach tentative deal

The U.S. Treasury, General Motors and the United Auto Workers have reached a tentative bargain on how they'll deal with changes to the current agreement in the face of the industry's problems and GM's increasingly probably bankruptcy. The details of the deal are being kept quiet until the local... read more

May 21, 2009 by
2009 Honda FCX Clarity fuel-cell vehicle

Obama kills the hydrogen car by slashing research funding

There may be debate over who killed the electric car, but we can now say with some certainty that the culprit behind killing the hydrogen car is none other than President... read more May 9, 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

GM American flag

Bondholders consider increased debt-for-equity-swap as GM bankruptcy looms

GM's decline over the course of this year wasn't enough to convince bondholders and the UAW to grant any concessions, but recent reports that the carmaker was in... read more April 15, 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, task force want to offer more help to U.S. industry

No one really knows what to make of the auto market right now, least of all the industry itself. Fiat is forecasting blue skies, GM is on the brink of failing to meet a... read more March 26, 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

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

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

GM American flag

GM viability plan calls for $16.6 billion in additional aid, 47,000 job cuts

Chrysler’s request for an additional $2 billion in government funded loans in its latest viability proposal looks trivial compared to the $16.6 billion requested by... read more February 17, 2009 by

The White House

White House: GM, Chrysler to get another $7 billion today

Detroit's carmakers are due to submit their latest viability plans to the government later today, but already a White House source has leaked that General Motors and Chrysler... read more February 17, 2009 by

President Barack Obama

Report: Obama drops plans for industry ‘car czar’

President Barack Obama has made no bones about his commitment to using the government to help prop up the ailing automotive industry, but his earlier plans to instate a... read more February 16, 2009 by

New vehicles rolling off the assembly line

Analyst: tax breaks on new cars could spark up to 100,000 new sales

A lot of hullabaloo on the topic of the need (or lack thereof) to act quickly and decisively on the economy, and to help kick-start the car industry in particular, has been... read more February 13, 2009 by


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