bailout

GM Buys Back $5.5 Billion In Stock From The U.S. Government
GM Buys Back $5.5 Billion In Stock From The U.S. Government

General Motors has announced plans to buy back some of its stock from the U.S. Department of the Treasury, reducing the federal government's stake in the automaker by 40%. In a press release, GM says that it will purchase 200 million shares of common stock from the Treasury -- a significant chunk...Read More»

Election 2012
Election 2012: Lies, Deceptions, And Dumb Things Said About Cars

Whew! It's finally over. Almost. When Election 2012 gets filed away in some extraterrestrial media-storage device, we hope the rest of the universe looks on us with a sense of pity--because this year's silly season has been sillier than usual. Especially when it comes to cars. At times, it seemed...Read More»

Michelle Obama at a soundcheck before the 2012 Democratic National Convention
Democratic Platform Says: We (Re)built This Auto Industry

Last week, the GOP issued its official Republican Party platform, and in that long, winding document were several items of interest for drivers -- namely, a statement against pay-as-you-drive taxes for motorists and harsh criticism of the Environmental Protection Agency. Hopefully, you had the...Read More»

U.S. Capitol
Americans Still Hate The Auto Bailout But Admit It Helped The U.S. Economy

In 2009, during the depths of the Great Recession, marketing research firm Harris Interactive surveyed thousands of Americans to gauge their feelings about the federal bailouts targeted at specific industries. None of the bailouts were particularly popular. Only 23% liked the idea of providing...Read More»

Teen driver
Consumers Much Happier With Automakers, Not So Much With Airlines

When the last Harris Poll on the public's perception of U.S. industries was conducted in 2009, automakers didn't fare so well. At the time consumers were less happy with car companies than with the pharmaceutical industry. (Ouch). But Harris has just released its 2011 results, and we're happy to...Read More»

U.S.-spec 2012 Fiat 500c
Fiat Buys Out The Feds, Becomes Majority Owner Of Chrysler

It's hard to believe that two years have passed since Chrysler's Chapter 11 hearings concluded (next Friday is the grim anniversary). Now, the automaker is preparing to begin a new chapter -- one with Fiat fully at the helm: Chrysler announced yesterday that Fiat will buy out the U.S. government's...Read More»

Newt Gingrich
GOP To Detroit: We're Still Not That Into You

The 2012 Presidential campaign has already started, and yes, it looks like the bailout of the auto industry could end up being one of many points of debate. Chrysler's earlier-than-expected repayment of $7.5 billion in federal loans—on top of a recent strong financial performance from GM...Read More»

2013 Chevrolet Malibu
GM Posts Best Quarter In Years, Buoyed On U.S. Product

General Motors [NYSE: GM] is proving that it's truly back in the black. For the fifth straight quarter since emerging from bankruptcy, it posted a net income. In fact, it's not just GM's best financial performance since the 2009 bailout; it beats the company's results for many years prior. For the...Read More»

Chrysler headquarters
BREAKING: Chrysler To Repay U.S., Canadian Loans By June 30

Yesterday, we told you that Chrysler was on the brink of announcing a plan to repay its debts to governments of Canada and the U.S. Now, they've gone and done it: according to a Chrysler press release issued this morning, the repayment will officially take place sometime between now and June 30...Read More»

Dodge 'Haiku For You' ad
UPDATED: Dodge's 'Haiku For You' Is The Worst Ad Of 2011 (So Far)

UPDATED: SEE BELOW After months of near-silence during its painful restructuring process, Chrysler began crawling back toward the world of advertising. Its first efforts -- one of which was dedicated to Burmese dissident Aung San Suu Kyi -- were not especially well received. Then came a few new...Read More»

Detroit
The Road Ahead: Auto Insiders Predict Big Gains For Detroit's Big Three

Yesterday, we spent a little time looking back at 2010, so it's only fair that we now turn 180 degrees and look at what the future holds for America's automakers. Thankfully, the folks at KPMG LLP are one step ahead of us: they've already distributed their annual questionnaire about tomorrow's auto...Read More»

Fiat's Sergio Marchionne
Chrysler, Fiat Not Merging (For Now)

Earlier today, Sergio Marchionne told reporters that he has no intention to merge the operations of Fiat and Chrysler. To some, that will signal trouble in paradise; others will see it as evidence of the CEO's caution and forethought as he retools a troubled company. We tend to side with the...Read More»

Teen driver
41% Say 'Buying American' Is Most Important When Shopping For A Car (But What's 'American'?)

Each of us has a slightly different set of criteria when we go shopping for a new ride. Some are obsessed with horsepower, some want airbags, and some marketing folks believe that cupholders are still the key to many buyers' hearts. But for 41% of Americans, the most important criteria is simply...Read More»

General Motors Renaissance Center, Detroit, Michigan
Things To Know About General Motors' IPO

General Motors' initial public offering is just a few weeks away, and the company is expected to make some announcements today that should be of interest to investors, analysts, and car fans. Here are a few details, some of which we already knew, and some of which have leaked out in advance of GM's...Read More»

Ed Whitacre
Ed Whitacre's IPO Offense Explained

Many people probably missed Ed Whitacre's chatter about General Motors upcoming IPO. It happened smack in the middle of a very busy week, in the aftermath of "Voltgate". Heck, GM didn't even bother clarifying Whitacre's statements until Friday afternoon, when most sensible people were goofing...Read More»

Deer Season Is Coming: Cue The Chevy Truck Ads

In many parts of America, deer season is a very big deal. Families talk about it for months, plan hunting trips, shop for deer stands, clean rifles. We know of school districts that cancel classes the day before the season opens, mostly because half the students want to stay home and pack for the...Read More»

General Motors Renaissance Center, Detroit, Michigan
GM Lands $5 Billion Line Of Credit, Could File For IPO By Tomorrow

Last week, Ed Whitacre said that he was unsure about the timeline for General Motors' initial public offering. Analysts have been expecting GM to return to the stock markets this fall, but there's been a sizable obstacle standing in the automaker's way: finding a $5 billion line of credit, which GM...Read More»

Edward E. 'Ed' Whitacre, Jr.
General Motors Goes Public About Going Public

A little over a year ago, General Motors was split in two: stockholders were left with shares in "Old GM", known officially as "Motors Liquidation Company" -- currently trading around $.41 -- while "New GM", now known as "General Motors Company" became a privately held enterprise owned by a range...Read More»

GM's Hyatt Hills Golf Complex
The 'Old GM' Just Ain't What She Used To Be. Or Is She?

Just over a year ago, General Motors Corporation was split in two: the potentially profitable half became General Motors Company (i.e. "Good GM"), and everything else became Motors Liquidation Company (i.e. "Bad GM"). So far, the good GM has been on a roll, cranking out new models, launching...Read More»

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