Tag Archives: Obama
Obama’s Transportation Department appointees love speed cameras and tolls
During his 2008 campaign, Barack Obama made few statements on the subject of transportation. Now that he has taken office, Obama has a lot on his plate besides transportation issues. As such, he’s appointed to Ray LaHood as the Transportation Secretary of the United States to oversee transportation policy decisions. Only problem is, LaHood and [...]
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As you all know by now, when the ‘New GM’ comes out of bankruptcy court in 60 to 90 days the U.S. government will own 60 percent of the company. The Canadian governments will own 12 percent while the UAW will own 17.5 percent. GM bondholders will take a 10 percent stake.
Speaking earlier today to the [...]
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Obama confident GM can survive, GM borrows $4 billion more
As GM’s June 1 deadline winds down, the struggling automaker borrowed another $4 billion from the U.S. Treasury and won a cost-cutting deal from the Canadian Auto Workers (CAW) and United Auto Workers (UAW). However, GM still faces a huge showdown with bondholders, which will most likely drive the automaker towards bankruptcy at the end [...]
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California planning more ’stringent standard’ for mileage and emissions
California, home to Tesla Motors, is stepping up efforts to plan the next stage of clean air standards despite the fact that President Barack Obama announced his new proposal for fuel-economy regulations based on the state’s model.
“California will be immediately getting to work on what the standards should be for beyond 2016,” Mary Nichols, Chairman [...]
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Obama plugs his Ford Escape Hybrid, Alan Mulally smiles, other auto execs look on
While the U.S. government may be well on its way to owning a majority control in General Motors, President Barack Obama still loves his Ford Escape Hybrid. Announcing the new fuel-economy standards today in the Rose Garden of the White House, Obama stepped away from the podium and threw in a little plug for his Escape [...]
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Obama announces national fuel-economy standard at 35.5 mpg by 2016
President Barack Obama has announced new fuel-economy regulations in an attempt to reduce greenhouse gas pollution for all new cars and trucks sold in the United States. The standards will cover model years 2012-2016 and call for an average fuel-economy standard of 35.5 mpg by 2016 – an average increase of 8 mpg per vehicle.
The [...]
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Obama to unveil new fuel-economy standards tomorrow, calls for 35 mpg by 2016
Sources say that the Obama administration is ready to unveil a new fuel-efficiency policy that will resolve a dispute between California and the U.S. government over emissions.
The new proposal will run from 2012 to 2015 and will maintain a single national standard for fuel-economy. It will also give automakers flexibility for meeting the new standards.
Sources [...]
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White House: We have no desire to run GM or any auto company
Following the launch of General Motors more aggressive and revised restructuring plan, the White House said today that the government does not want to run the struggling automaker. In its updated restructuring plan, GM said today that it would give the U.S. Treasury 51 percent of the company.
“This administration and this government have no desire [...]
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Poll: Do you support Obama’s decision on GM and Chrysler’s not-so-viable future?
As most of you are aware by now, President Barack Obama and his automotive task force today flunked General Motors’ and Chrysler’s viability plans that were submitted on Feb 17.
“Neither goes far enough to warrant the substantial new investments that these companies are requesting,” Obama said. “They must produce plans that would give the American [...]
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BREAKING: Obama rejects GM and Chrysler’s viability plans
President Barack has just wrapped up his press conference on the government’s decision on the viability plans submitted by GM and Chrysler on Feb 17th after both automakers received $17.4 billion.
“Neither goes far enough to warrant the substantial new investments that these companies are requesting,” Obama said. “They must produce plans that would give the [...]
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BREAKING: 2011 BMW 5-Series teasers leaked online
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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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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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