Posts Tagged ‘Obama’

Obama to pitch early success of auto bailouts

President Obama visits Michigan – the heart of the U.S. auto industry – today on a mission to convince taxpayers that their investment in the bailouts of General Motors Co. and Chrysler Group LLC will bring a return.

Tags: , , , , , , , , , , , , , ,

Supplier tells Obama about plight of small business

For a few minutes last week, Noel Cuellar had the ear of President Obama. Cuellar, CEO of Tier 2 auto supplier Primera Plastics Inc., had been invited to take part in the White House Forum on Jobs and Economic Growth through the U.S.

Tags: , , , , , , , , , , , , , , , ,

Feds propose that side airbags do more during rollovers

The Obama administration wants to require the vast majority of new cars and light trucks to have side airbags that are bigger, longer-inflating and more secure than those now used to prevent motorists from being ejected during rollovers.

Tags: , , , , , ,

Feds may give crushers 3 more months

The Obama administration wants to increase to nine months the time allowed for crushing or shredding a traded-in vehicle under the cash-for-clunkers program, citing the burden placed on disposal facilities by the unexpected popularity of last…

Tags: , , , , ,

GM, Chrysler not required to make electric cars

The Obama administration’s preference for robust electric car production will not influence its oversight of taxpayer equity in General Motors Co. and Chrysler, an administration official said.

Tags: , , , , , , , , , , , , ,

White House not consulted on GM reversal on Opel

The Obama administration’s autos task force was caught off guard when General Motors Co. decided to scrap a planned sale of its Opel unit that had the strong backing of Germany, a senior official said.

Tags: , , , , , , , ,

GM debt payment plan to be revisited in June

A just-announced plan for General Motors Co. to repay roughly $8 billion in debt to the United States and Canada would be re-evaluated in June, the Obama administration’s top automotive official said.

Tags: , , , , , , , ,

GAO questions whether Treasury can monitor GM, Chrysler

The Obama administration’s ability to decide when and how to sell its stakes in General Motors Co. and Chrysler Group is undercut by the rapidly declining staff of the auto task force and its accompanying loss of expertise, Congress’ watchdog says.

Tags: , , , , , , , , , , ,

Henderson to take 25% salary cut as part of Treasury action

General Motors Co. CEO Fritz Henderson’s annual salary is being cut by 25 percent to $950,000 as part of the Obama administration’s pay reductions for the top 175 executives at seven companies that got federal bailouts.

Tags: , , , , , , , , ,

Pay czar expected to cut executive payouts by 90%

The Obama administration plans to order that the top earners at firms that received government bailouts — including General Motors, GMAC, Chrysler, and Chrysler Financial — will see their cash payouts cut by an average of about 90 percent from…

Tags: , , , , , , , ,

Congressman seeks new federal floorplan lending

A key congressman has asked the Obama administration, General Motors Co. and Chrysler Group to consider expanding floorplan financing. Rep. Dan Maffei, D-N.Y.

Tags: , , , , , , , , ,

Clunker payback tally up to $2.5 billion amid surge in payments

The Obama administration has paid $2.5 billion of the $2.9 billion claimed by dealers in the cash-for-clunkers program, and will pay out the rest by the end of the month, Transportation Secretary Ray LaHood said Tuesday.

Tags: , , , , , ,

Clunker payback tally up to $2.5 billion amid surge in payments

The Obama administration has paid $2.5 billion of the $2.9 billion claimed by dealers in the cash-for-clunkers program, and will pay out the rest by the end of the month, Transportation Secretary Ray LaHood said Tuesday.

Tags: , , , , , ,

U.S. seeks 5% fuel economy annual gains through 2016

The Obama administration today proposed gasoline mileage and greenhouse-gas pollution standards for new vehicles for the 2012 to 2015 model years, filling in the blanks for manufacturers en route to a 35.5 mpg national target in 2016.

Tags: , , , , , , , ,

Bloom gets new duties, will remain auto task force chief

Ron Bloom, the Obama administration’s point man overseeing the U.S. auto industry, on Monday was named to lead an effort aimed at revitalizing America’s hard-hit manufacturing industry.

Tags: , , , , , , , , , , ,

Bloom gets new duties, will remain task force chief

Ron Bloom, the Obama administration’s point man overseeing the U.S. auto industry, on Monday was named to lead an effort aimed at revitalizing America’s hard-hit manufacturing industry.

Tags: , , , , , , , , , ,

Government says it will pay most clunker claims by Sept. 30

The Obama administration expects to take until the end of the month to pay properly completed claims under the cash-for-clunkers program, a government official said today.

Tags: , , ,

Clunkers boosts national economy, White House says

The Obama administration’s cash-for-clunkers program pulled forward new-car sales from the future that helped stimulate an economy mired in recession, according to the White House Council of Economic Advisers.

Tags: , , , , , , ,

Clunker wind-down plan to be announced within days

The Obama administration plans to announce in the next few days a strategy for winding down the $3 billion cash-for-clunkers program so dealers aren’t on the hook for credit given to customers, Transportation Secretary Ray LaHood said.

Tags: , , , , , , ,

Government ends warranty program for GM, Chrysler

The Obama administration’s automotive task force, after successfully moving General Motors and Chrysler Group out of bankruptcy protection, is ending the government-financed warranty program for the two automakers.

Tags: , , , , , , , , , , ,

Whirlwind auto deals raise conflict questions

The Obama administration’s dash through the bankruptcies for General Motors and Chrysler is nearly done, but the debate about the government’s conflicted role in reshaping the American auto industry has only just begun.

Tags: , , , , , , ,

GM must change perception to halt decline, Rattner says

General Motors must convince consumers that the quality of its vehicles has improved to stop a decline in U.S. market share and survive after bankruptcy, a senior Obama administration official said.

Tags: , , , , , , , , , , , ,

China disputes finding that says tire imports are disrupting U.S.

China’s Ministry of Commerce expressed “deep regret” at a U.S. trade panel ruling that Chinese tires had flooded the U.S. market, the first step in what could be the Obama administration’s first trade dispute with Beijing.

Tags: , , , , , , , , , ,

China disputes U.S. finding on disruptive tire imports

China’s Ministry of Commerce expressed “deep regret” at a U.S. trade panel ruling that Chinese tires had flooded the U.S. market, the first step in what could be the Obama administration’s first trade dispute with Beijing.

Tags: , , , , , , , , ,

China disputes U.S. finding on tire imports

China’s Ministry of Commerce expressed “deep regret” at a U.S. trade panel ruling that Chinese tires had flooded the U.S. market, the first step in what could be the Obama administration’s first trade dispute with Beijing.

Tags: , , , , , , , , ,

 
© Copyright 2010 Virtual Project Manager, Inc., all rights reserved.