government

ALERT: $2B Cash-For-Clunkers Extension Passes Senate, Obama To Sign
ALERT: $2B Cash-For-Clunkers Extension Passes Senate, Obama To Sign

Yesterday afternoon, the US Senate passed a $2 billion extension to the Car Allowance Rebate Systems (CARS) program--better known as "Cash for Clunkers"--by a vote of 60 to 37. President Barack Obama is expected to sign it today. The vote approved a bill identical to the one passed last Friday by...Read More»

Alan Taub, General Motors head of Research and Development
GM's New Research Head: Our Five Favorite Quotes (Plus Bonus)

On October 1, Alan Taub will become VP of Research and Development at General Motors. It's a big job, not to mention that the company's historically independent R+D group was just made part of the Product Development group as GM starts to emerge from its recent bankruptcy with the aid of...Read More»

Clunkers
BREAKING: House Adds $2 Billion To Cash-For-Clunkers, Senate Is Next

Well, that was quick. Just four days after the launch of the Car Allowance Rebate Systems (CARS) program, better known as "Cash for Clunkers," it appears that it may be suspended due to its own success. Apparently eager buyers have blown through the $1 billion allocation, and dealers are worrying...Read More»

Buncefield Fuel Depot explosion, by Flickr user r12a
New Tactic For Unions On Strike: Threaten To Blow Up Factory

The French are different. Just look at their cars, which have included single-spoke steering wheels, turn indicators that don't self-cancel (to keep the driver on his toes?), and pneumatic suspensions that let them sink to the ground with a sigh when parked. Now a few members of GCT, the French...Read More»

Steve Rattner, via the New York Times
Feds Want Out Of The Auto Business As Soon As Possible

On numerous occasions, de facto Car Czar Steven Rattner has said that neither he nor the U.S. government wants to be in the auto business--at least not for long. Those sentiments were reaffirmed yesterday when Rattner indicated that the feds are planning to sell off their 60.8% stake in the New GM...Read More»

U.S. Capitol
How Long Will GM Be Government Motors?

At recent U.S. Senate hearings on the auto bail out, yesterday's testimony by Auto Task Force Ron Bloom leaves one of two impressions; the Feds have good intentions and are heading in the right direction, or the government is clueless and operating in the dark (some would add, "as usual")...Read More»

2010 Camaros Dallas
2010 Camaro Shows Disconnect Between Main St. and Pennsylvania Ave.

The Financial Times ran a short story (mostly devoid of hard facts) that pointed out supposed the discontentment of Washington bureaucrats with the success of the performance-oriented 2010 Chevrolet Camaro. So far, we haven't seen any direct statements from specific politicians that condemn the...Read More»

Better Place battery-swap demonstration
The Questions About Better Place

The venture-funded Better Place consortium has ambitious plans to remake transportation for the 21st century. And they've gotten a lot of press, including more today for their release of a PR video demonstrating a two-minute battery pack swap. We weighed in on our skepticism over that one already...Read More»

GM Heritage Fleet
NHTSA Throws Wrench Into GM Heritage Fleet Auction

Yesterday the National Highway Traffic Safety Administration halted a Barret-Jackson sale of GM Heritage Fleet vehicles midway through the proceedings. Sources close to the Web site Sports Car Market said that the NHTSA's move was not expected and pointed out that both Barrett-Jackson and General...Read More»

GM Logo
GM Prepared To File For Bankruptcy

In a regulatory filing to the Treasury Department Yesterday, General Motors admitted for the first time to Obama's Auto Task Force that it is seriously considering Chapter 11 bankruptcy protection. The filing stated Chapter 11 would be considered if GM cannot successfully complete an out-of-court...Read More»

2009 Ford Fusion
2010 Ford Fusion, Mercury Milan Earn IIHS Top Safety Pick

Ford Motor Company, whose livery includes more IIHS "Top Safety Picks" than any other automaker, adds two more to the fold with its 2010 Ford Fusion and platform-mate 2010 Mercury Milan. To earn a Top Safety Pick award, vehicles must score top "good" ratings in the IIHS' offset frontal and side...Read More»

Audi logo
Cash For Clunkers Boosts European Car Sales

Germany and France are reporting impressive increases in new vehicle registrations for March. Registrations for March increased a whopping 40 percent in Germany and the French automobile association (CCFA) is reporting an 8.1 rise in that country's vehicle registrations. Though a scant 0.24...Read More»

GM CEO Rick Wagoner
No Tears For Wagoner's $20 Million In 'Retirement Benefits'

Former GM CEO Rick Wagoner is set to receive $20 million in retirement benefits after being summarily ousted from his post at GM. Yes, he's dedicated a huge chunk of his life to GM, and it's typical to reward big American CEOs on their way out their door. But do you really think he deserves the...Read More»

Chrysler Warranty Logo
GM And Chrysler Warranty Assistance To Come From TARP Fund

In our post about President Barack Obama's address regarding GM and Chrysler's restructuring, we told you earlier that the government has promised to back all warranty claims from both companies in the event of Chapter 11 bankruptcy proceedings or worsening financial troubles. Said Obama: "Let me...Read More»

Bob Nardelli
Chrysler Responds Positively to Federal Stance, Assistance

Chrysler CEO Bob Nardelli reacted positively to news of the Obama Administration, U.S. Treasury, and Auto Task Force's news of assistance as the automaker restructures and preps for an alliance with Italian automaker Fiat. Nardelli says he's been meeting weekly with the Auto Task Force team since...Read More»

Barack Obama
Obama Administration Raises Fuel Economy Standards For 2011

Facing an April 1 deadline for auto fuel economy standard improvements, the Obama Administration today announced that 2011 model year standards for all U.S. light vehicles will increase by 8 percent to land at 27.3 average mpg. Broken down, this means 30.2 mpg (up from 27.5) for cars, 24.1 mpg (up...Read More»

GM CEO Rick Wagoner
$700 Billion Rescue Fund Likely Source Of Auto Bailout Funds

"Dwindling reserves," of the $700 billion rescue fund, says Automotive News, will likely be the source for additional auto industry bailout money that the Obama Administration yesterday signaled will likely be going forward. Deadline for the formal announcement is March 31. They're turning to the...Read More»

Tesla Model S unveiling
Tesla Model S Electric Sedan Unveiled Today In LA Rocket Factory

Tesla motors has talked and teased its all-electric Model S sedan to death. But today at noon, Pacific Time, the official unveil goes down in Los Angeles. Location: "a high-security rocket factory." The perfect locale, it would seem, for the eccentric visionary Elon Musk to do his song and dance...Read More»

2009 Volkswagen Tiguan
Video: IIHS Adds Roof Strength Crash Test Rating

The Insurance Institute for Highway Safety (IIHS) is adding a new roof strength crash test to its regimen of front, side, and rear crash testing. The new test is designed to determine how well a vehicle's roof will withstand a crash that includes a rollover. The agency is hoping that this new...Read More»

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