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The cost of the high-powered batteries needed for a coming wave of electric cars is projected to drop by as much as 70 percent over the next five years, according to a U.S. government forecast.

Tags: Batteries, Car Battery Prices, Car Prices, Electric Car, electric car battery, Electric Cars, Next Five Years, U.S. government

General Motors Co. today showed off the first battery pack for its electric Chevy Volt with a ceremony that highlighted the automaker’s dependence on U.S. government financing for its revival plans.

Tags: Automaker, Backers, Battery Pack, Chevy Volt, Dependence, General Motors, General Motors Co., Gm, Government Financing, Revival, U.S. government, United States

GMAC Financial Services said last week it will get $3.79 billion in additional aid from the U.S. government, on top of the $12.5 billion already received since December 2008.

Tags: Gmac, GMAC Financial Services, Government Aid, U.S. government, United States, USD

GMAC Financial Services said today it will get $3.79 billion in additional aid from the U.S. government, on top of the $12.5 billion already received since December 2008.

Tags: Gmac, GMAC Financial Services, Government Aid, U.S. government, United States, USD

Sergio Marchionne has been a whirlwind of activity since taking over as CEO of Chrysler Group on June 10, the day the company emerged from U.S. government-sponsored bankruptcy.

Tags: Bankruptcy, Ceo Of Chrysler, Chrysler, Chrysler Group, Marchionne, Sergio Marchionne, U.S. government, United States, Whirlwind

Sergio Marchionne has been a whirlwind of activity since taking over as CEO of Chrysler Group on June 10, the day the company emerged from U.S. government-sponsored bankruptcy.

Tags: Bankruptcy, Ceo Of Chrysler, Chrysler, Chrysler Group, Marchionne, Sergio Marchionne, U.S. government, United States, Whirlwind

The U.S. government is encouraged by the turnaround plan for Chrysler presented by Fiat S.p.A. but will not push for a quick offering of the automaker’s shares, a senior official said.

Tags: Automaker, Chrysler, Fiat, Fiat S.p.A., Shares, Turnaround Plan, U.S. government, United States

The Obama administration wants a fast-track initial public offering of General Motors Co. shares to reduce its majority stake in the automaker, a senior official said.

Tags: Automaker, Bloom, Fast Track, General Motors, General Motors Co., Gm, Initial Public Offering, Ipo, Majority Stake, The Obama administration, U.S. government, United States

GM will announce today it plans to start repaying a $6.7 billion loan to the U.S. Treasury by year-end due to modest operating improvements, a source knowledgeable about the situation said.

Tags: Gm, Government Loan, Improvements, Loan Source, U S Treasury, U.S. government, U.S. Treasury, United States, USD, Year End

Billions of dollars in U.S. government aid is being funneled to manufacturers of the next generation of batteries for hybrid and electric vehicles. Most of those companies are still building their first factories.

Tags: Asian American, Batteries, Billions Of Dollars, Electric Vehicles, Factories, Goliaths, Government Aid, Loom, Next Generation, U.S. government, United States

Automakers can expect the U.S. government to be attentive to its multibillion-dollar stake in their businesses next year and selective in its efforts to reshape the industry.

Tags: Automakers, Multibillion Dollar, Shareholder, Stake, Switches, U.S. government, United States

Automakers can expect the U.S. government to be attentive to its multibillion-dollar stake in their businesses next year and selective in its efforts to reshape the industry.

Tags: Automakers, Multibillion Dollar, Shareholder, Stake, Switches, U.S. government, United States

General Motors Co. had $13.6 billion remaining in its U.S. government-funded escrow account as of October, after making payments related to the restructuring of its former parts subsidiary Delphi, the automaker said on Monday.

Tags: Automaker, Delphi, Escrow Account, former parts subsidiary, General Motors, Gm, Restructuring, Subsidiary, U.S. government, United States, USD

General Motors Co. had $13.6 billion remaining in its U.S. government-funded escrow account as of October, after making payments related to the restructuring of its former parts subsidiary Delphi, the automaker said on Monday.

Tags: Automaker, Delphi, Escrow Account, former parts subsidiary, General Motors, General Motors Co., Gm, Restructuring, Subsidiary, U.S. government, United States, USD

General Motors Co. had $13.6 billion remaining in its U.S. government-funded escrow account as of October, after making payments related to the restructuring of its former parts subsidiary Delphi, the automaker said on Monday.

Tags: Automaker, Delphi, Escrow Account, former parts subsidiary, General Motors, Gm, Restructuring, Subsidiary, U.S. government, United States, USD

Ford Motor Co. is expected to post a narrower quarterly loss with support from the U.S. government “cash for clunkers” program, but the focus will be on the outlook for the U.S. economy and auto industry sales.

Tags: Auto Industry, Economy, Focus Ford, Ford, Ford Focus, Ford Motor, Ford Motor Co., Government Cash, Government Program, Outlook, Quarterly Loss, U.S. government, United States

Ford Motor Co. is expected to post a narrower quarterly loss with support from the U.S. government “cash for clunkers” program, but the focus will be on the outlook for the U.S. economy and auto industry sales.

Tags: Auto Industry, Economy, Ford, Ford Focus, Ford Motor, Ford Motor Co., Government Cash, Government Program, Outlook, Quarterly Loss, U.S. government, United States

Penske Automotive Group, the No. 2 U.S car dealership group by sales, reported a 23 percent increase in third quarter earnings today on cost-cutting and a boost from the U.S. government’s cash for clunkers program. Net income rose to $27.

Tags: Automotive Group, Car Dealership, car dealership group, Car Sales, Cost Cutting, Dealership Group, Driven, Net Income, Penske, Penske Automotive Group, Q3, Quarter Earnings, U.S. government, United States, USD

Tenneco Inc. was awarded a $24 million U.S. government loan commitment to develop components for advanced technology vehicles, the U.S. Department of Energy said today.

Tags: Advanced Technology, Department Of Energy, Federal Loan, Government Loan, Loan Commitment, Technology Vehicles, Tenneco, Tenneco Inc, U S Department, U.S. Department of Energy, U.S. government, United States, USD, Wins

General Motors Co.’s bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal reported.

Tags: Bid, Cfo Search, Chief Financial Officer, General Motors, General Motors Co., Gm, Outsider, the Wall Street Journal, U.S. government, United States, Wall Street, Wall Street Journal

General Motors Co.’s bid to find an outsider to replace its chief financial officer is being complicated by pay restrictions imposed on companies that got big U.S. government bailouts, The Wall Street Journal reported.

Tags: Bid, Cfo Search, Chief Financial Officer, General Motors, General Motors Co., Gm, Outsider, the Wall Street Journal, U.S. government, United States, Wall Street, Wall Street Journal

General Motors Co. is on track to hit the financial restructuring targets set in its U.S. government-sponsored bankruptcy, but still faces risks as it tries to win back consumers in an uncertain U.S. economy, the automaker said today.

Tags: General Motors Co., U.S. government, United States

General Motors Co. is on track to hit the financial restructuring targets set in its U.S. government-sponsored bankruptcy, but still faces risks as it tries to win back consumers in an uncertain U.S. economy, the automaker said today.

Tags: Automaker, Bankruptcy, Consumers, Economy, Faces, Financial Restructuring, General Motors, General Motors Co., Gm, Targets, U.S. government, United States

U.S. government incentives likely pushed U.S. auto sales to a 20-month high in August, leaving analysts and the industry guessing how hard a landing to expect with the cash for clunkers program now exhausted. Automakers could see the U.S.

Tags: Auto Sales, Automakers, Government Incentives, U S Auto, U.S. government, United States

About two-thirds of dealers responding to an Automotive News survey have received no payment from the U.S. government for their cash-for-clunkers sales.

Tags: Automotive News, Two Thirds, U.S. government, United States