Tag Archives: Barack Obama
White House says taxpayers will get back ’some’ of auto bailout
While the White House won’t guarantee that General Motors and Chrysler Group LLC will repay the full $62 billion they received in government bailouts, it said today that taxpayers will at least get “some” of the money back. The Government Accountability Report released Monday said that automakers are “unlikely” to repay all of the government [...]
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General Motors Company CEO Fritz Henderson has repeatedly said that the Detroit automaker is aiming for an initial public offering as early as next year. However, the Government Accountability Office (GAO) said Monday that 2010 might be too soon to execute such a stock offering.
The GAO said that the Obama administration should establish a more [...]
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White House criticizes Edmunds.com over Cash for Clunker analysis
Automotive site Edmunds.com is being criticized by the White House for its harsh analysis of the impact of “Cash for Clunkers.” It said that the site’s analysis was “faulty” and “implausible.” Edmunds.com’s CEO Jeremy Anwyl shot back that the White House was “shooting the messenger.”
Edmunds, which has been known to be pessimistic about the program’s impact, [...]
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Fritz calls U.S. government imposed pay cuts ‘fair’ and ‘thoughtful’
Late last week, the Obama Administration ordered seven companies who received a significant amount of federal loan to cut the salaries of their top-level executives by an average of 90 percent and cut total compensation (including cash, stock and perks) by half.
General Motors CEO Fritz Henderson was amongst the many executives who saw government-imposed cuts [...]
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Dubya Urges Obama Administration to Sell Stake in Autos
G.W. Bush has stated his concern about the American government being involved in the private sector, lending particular mention to the auto and financial industries to an association of Montreal business people, Bloomberg reports.
Bush said in his speech that government “has got to get out of the private sector, and therefore I hope our government [...]
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Congress passes bill to make 3-wheeled vehicles eligible for funds
Congress has passed a bill that will make fuel-efficient three-wheeled vehicles eligible for federal funding and is headed to the White House for President Barack Obama’s signature. The funding will be available to automakers and their suppliers.
The bill, which will open Department of Energy funding to companies like Aptera Motors, was passed by the Senate [...]
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Energy Secretary Steven Chu says “I would put every cent into electric cars”
U.S. Secretary of Energy Steven Chu is known for his tendency to speak plainly and bluntly, especially with regards to alternative energy vehicles and his support of electric and hydrogen vehicles.
Now, Biofuels Digest reports that at a recent meeting exploring alternative fuels, Chu said, “If it were up to me, I would put every cent [...]
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Obama bans texting and driving while working for the government
At the end of the two-day summit held by the Department of Transportation to crack down on distracted driving, President Barack Obama signed an executive order banning federal workers from texting while driving government vehicles. The White House said that the ban also applies to privately owned vehicles if the employee is on official government [...]
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U.S. government has paid $2.5 billion in Clunker rebates
President Barack Obama’s administration has paid a total of $2.5 billion of the $2.9 billion claimed by dealers during the Cash for Clunkers incentive and his hoping to pay the rest by the end of the month.
“All dealers will be paid by or before the end of September, probably before,” Transportation Secretary Ray LaHood said. [...]
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Obama: GM’s survival was necessary for the U.S. economy
During his visit to General Motors Company’s Lordstown Assembly plant yesterday, President Barack Obama told about 2,200 workers that GM’s survival was essential to the U.S. economy.
“I didn’t run for President to manage auto companies. It wasn’t something on my to-do list,” Obama said. “But in the midst of a deep recession and financial crisis, [...]
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2010 Suzuki Kizashi prices start at under $19,000
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2011 Porsche Boxster Spyder coming to LA, prices start at $61,200
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Fiat 500 with a 1.4L Mutliair coming in 4th quarter of 2010
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Jeep will move over to Fiat platforms in 2013, “I live. I ride. I am. Jeep”
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New Dodge 7-passenger crossover and C-segment on the way
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BREAKING: Only 500 more Dodge Vipers will be made, replacement coming in 2012
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Review: 2010 Buick LaCrosse CXS, no longer your daddy’s car
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Review: 2010 GMC Terrain shows how GMC is evolving
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Review: 2010 Ford Fusion Hybrid, look here for impressive fuel-efficiency numbers
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Review: 2010 Lincoln MKS EcoBoost, high-performance can be economical
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Review: 2010 Ford Taurus SHO – It’s SHOw Time
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Review: 2010 Mazda3, it’s smiling at you… and you should smile back
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Review: 2009 Porsche 911 Carrera S with PDK, launch-control active
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