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: Auto Industry, Chrysler, Chrysler Group, Chrysler Group LLC, General Motors, General Motors Co., Group Llc, Heart, Investment, Michigan, Obama, Success, Taxpayers, U S Auto, United States
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: Auto Supplier, Economic Growth, Few Minutes, Jobs, Noel, Noel Cuellar, Obama, Plastics Inc, Plight, President Ceo, Primera Plastics Inc., Small Business, Tier, Tier 2, United States, White House, White House Forum
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, Light Trucks, Motorists, New Cars, Obama, Rollovers, The Obama administration
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: Crushers, Feds, Nine Months, Obama, The Obama administration, Unexpected Popularity
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: Administration Official, Car Production, Chrysler, Chrysler Cars, Electric Car, electric car production, Electric Cars, General Motors, General Motors Co., Gm, Obama, Oversight, Preference, The Obama administration
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: General Motors, General Motors Co., Germany, Gm, Obama, Obama administration, Opel, Task Force, White House
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: Canada, Debt Payment, General Motors, General Motors Co., Gm, Obama, Obama administration, United States, USD
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: Chrysler, Chrysler Group, Congress, Gao, General Motors, General Motors Co., Gm, Obama, Obama administration, Task Force, Treasury, Watchdog
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: Annual Salary, Ceo Salary, Fritz, Fritz Henderson, General Motors, General Motors Co., Obama, Obama administration, Treasury, USD
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: Cash Payouts, Chrysler, Chrysler Financial, Czar, General Motors, Gmac, Obama, Obama administration, Top Earners
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: Chrysler, Chrysler Group, Congressman, Dan Maffei, Floorplan, General Motors, General Motors Co., New York, Obama, Obama administration
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: Obama, Payback, Ray Lahood, Tally, The Obama administration, Transportation Secretary, USD
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: Obama, Payback, Ray Lahood, Tally, The Obama administration, Transportation Secretary, USD
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: 5 Mpg, Fuel Economy, Gasoline Mileage, Greenhouse Gas Pollution, Mileage, National Target, New Vehicles, Obama, Pollution Standards
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: America, Auto Industry, Bloom, Manufacturing Industry, New Auto, Obama, Obama administration, Point Man, Ron Bloom, Task Force Chief, U S Auto, United States
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: America, Auto Industry, Bloom, Manufacturing Industry, Obama, Obama administration, Point Man, Ron Bloom, Task Force Chief, U S Auto, United States
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: Claims Administration, Government Official, Government Pay, Obama
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: Council Of Economic Advisers, National Economy, New Car Sales, Obama, Recession, The Obama administration, White House, White House Council
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: Few Days, Hook, Obama, Ray Lahood, The Obama administration, Transportation Secretary, USD, Wind Down
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: Automakers, Bankruptcy Protection, Chrysler, Chrysler Group, General Motors, Gm, Government Ends, Government Program, Obama, Task Force, Warranty, Warranty Program
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: American Auto Industry, Auto Deals, Bankruptcies, Chrysler, Conflict Questions, General Motors, Obama, The Obama administration
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: Administration Official, Bankruptcy, Consumers, Decline, General Motors, Gm, Market Share, Obama, Obama administration, Perception, Rattner, S Market, United States
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: Beijing, China, China Imports, Ministry Of Commerce, Obama, Obama administration, S Market, Tires, Trade Dispute, U.S. China's Ministry of Commerce, United States
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: Beijing, China, China's Ministry of Commerce, Ministry Of Commerce, Obama, Obama administration, S Market, Tires, Trade Dispute, United States
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: Beijing, China, China's Ministry of Commerce, Ministry Of Commerce, Obama, Obama administration, S Market, Tires, Trade Dispute, United States