Tag Archives: Barack Obama
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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Obama administration looking for 5% fuel economy annual gains through 2016
President Barack Obama today visited GM’s Lordstown, Ohio assembly plant to announce new gasoline mileage and greenhouse-gas pollution standards for new vehicles for the 2012 to 2015 model years. The move will lead to Obama’s previously announced requirement of 35.5 mpg by 2016.
The Transportation Department and the EPA said that the proposal calls for fuel-economy [...]
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President Obama to visit GM’s Lordstown plant next week
President Barack Obama plans to make a speech at GM’s assembly plant in Lordstown, Ohio next week. While the White House won’t confirm the visit yet, officials said that the president is planning a trip as a part of a Midwest visit to talk about jobs and the economy.
Sources said that the president plans to [...]
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U.S. taxpayers unlikely to recover most of auto industry bailout cash
A new report by the Congressional Oversight Panel, which oversees federal bailout programs, may end up surprising you. According to the report the government is very unlikely to get back all the billions of dollars that it invested in General Motors and Chrysler. It said that GM’s stock would have to “reach unprecedented heights” for [...]
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White House says Cash for Clunkers will stimulate economy, 42,000 jobs expected in 2nd half
Cash-for-clunkers has triggered what the White House says could be the biggest two-month spike in auto sales on record. A preliminary analysis submitted to Congress puts GDP estimates at 0.3 to 0.4 percentage points higher at annual rate when compared to what it would have been without the program, reports Automotive News.
This increase “will [...]
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Car Czar: U.S. won’t go easy on CAFE because it has a bunch of money in GM
Task force Chairman Ron Bloom told reporters during an industry conference in Michigan today that the U.S. government has no interest in using its stake in General Motors Company to make a social policy such as offering more fuel-efficient cars or limiting auto emissions.
He said that the management of General Motors and Chrysler will be left [...]
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Obama administration ends warranty program for GM, Chrysler
After successfully getting General Motors Company and Chrysler Group LLC out of bankruptcy protection, the Obama administration said that it is now ending the government-financed warranty program for the two automakers. Ron Bloom, the head of the auto task force, told a House Judiciary subcommittee about the decision in testimony yesterday, reports Automotive News.
“With the successful [...]
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2010 Acura ZDX prices start at $45,495
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Ford leads 2010 IIHS Top Safety Pick list with 6, Toyota doesn’t cut it
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2010 BMW 550i Gran Turismo prices start at $63,900 (w/ new images)
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BREAKING: Bob Lutz confirms Cadillac CTS-V Sport Wagon
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2010 Lotus Evora prices start at $73,500
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GM loses $1.2 billion in 3rd quarter, speeds repayment of U.S. loans
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First Drive: Test-driving the new Nissan LEAF EV… sort of
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Review: 2009 Infiniti G37 S Convertible, drop the top and enjoy the sound
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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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