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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

August 7, 2009 by  - 2
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... read more July 7, 2009 by  0

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... read more June 11, 2009 by  6

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... read more May 20, 2009 by  2

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... read more May 13, 2009 by  0

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... read more April 10, 2009 by  5

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... read more April 3, 2009 by  3

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... read more April 3, 2009 by  0

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... read more April 2, 2009 by  0

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... read more March 31, 2009 by  2

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... read more March 30, 2009 by  1

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... read more March 30, 2009 by  10

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... read more March 27, 2009 by  3

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... read more March 27, 2009 by  0

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... read more March 26, 2009 by  0

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... read more March 25, 2009 by  0


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