Cars
President Barack Obama has always stood behind the 2009 bailouts of General Motors and Chrysler and he was vindicated as both companies made a surprising recovery in a very short time period.
- Canadian Government Plans To Offload 10 Percent Stake In Gm "as Quickly As Feasible"
A recently posted Bloomberg report says that the Canadian government has made its intentions clear regarding its continued involvement with General Motors. It is now looking for interested parties who would want buy its stake in the American automotive...
- Gm Surpasses Ford In Government Sales For The First Time Since The 2009 Bailout
Hard as it may try to put to rest the “Government Motors†moniker its opponents have coined since the 2009 bailout, General Motors will probably have to deal with it again. This time the reason is the data published by the General Services...
- Volt Probe Fuels Republican Fire, Gm Ceo Says Company Has Become A "political Punching Bag"
The issue of the Chevy Volt's fire risk and the following NHTSA investigation that ended last week after GM modified its hybrid and the federal agency cleared the car, seems to be spreading beyond the automotive realm. According to Bloomberg News,...
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- Obama: Auto Industry Bailout Was The Right Thing To Do
President Barack Obama is using GM's recent loan repayment and Chrysler's operating profit as proof that his "unpopular" auto bailout decision was the right thing to do. "I knew this wasn't a popular decision. But it was the...
Cars
New Silverado and Sierra Pickups’ Success May Help the Government Offload GM Stake
President Barack Obama has always stood behind the 2009 bailouts of General Motors and Chrysler and he was vindicated as both companies made a surprising recovery in a very short time period.
While Chrysler is out of the picture, the U.S. government still holds a 32 percent stake in GM and is searching on how to implement an exit strategy without losing a large portion of the S$51 million it poured in the automaker during the bailout.
Analysts believe that the 2014 Chevrolet Silverado and GMC Sierra full-size pickups that were unveiled this week may provide the administration with the way out that it needs.
Read more »- Canadian Government Plans To Offload 10 Percent Stake In Gm "as Quickly As Feasible"
A recently posted Bloomberg report says that the Canadian government has made its intentions clear regarding its continued involvement with General Motors. It is now looking for interested parties who would want buy its stake in the American automotive...
- Gm Surpasses Ford In Government Sales For The First Time Since The 2009 Bailout
Hard as it may try to put to rest the “Government Motors†moniker its opponents have coined since the 2009 bailout, General Motors will probably have to deal with it again. This time the reason is the data published by the General Services...
- Volt Probe Fuels Republican Fire, Gm Ceo Says Company Has Become A "political Punching Bag"
The issue of the Chevy Volt's fire risk and the following NHTSA investigation that ended last week after GM modified its hybrid and the federal agency cleared the car, seems to be spreading beyond the automotive realm. According to Bloomberg News,...
- Report: Fiat To Raise Chrysler Stake To 30 Percent Within The Next Few Weeks
Fiat SpA is planning to increase its Chrysler LLC Group stake to 30 percent in the next few weeks, according to insider sources quoted by Bloomberg news. The Italian company, which currently holds a 25 percent stake in Chrysler, will get an additional...
- Obama: Auto Industry Bailout Was The Right Thing To Do
President Barack Obama is using GM's recent loan repayment and Chrysler's operating profit as proof that his "unpopular" auto bailout decision was the right thing to do. "I knew this wasn't a popular decision. But it was the...