Cars
You’d be hard-pressed to find any similarities between the current and the former presidents of the United States. Yet, Barack Obama and George W. Bush actually do have one thing in common: they both agree that bailing out the bankrupt U.S. car industry was the right thing to do.
- Fiat Ceo Defiant Amid Analysts’ Dim Predictions, Believes Upscale Products Will Save Italian Plants
Politics play a big part as far as large-scale auto manufacturers are concerned. The GM and Chrysler bailout initiated by Republican President George W. Bush and implemented by his Democrat successor in the White House, Barack Obama, was a political...
- Gop Budget Committee Wants To Axe All “green†Loan Programs And High-speed Rail Funds
Five years ago, U.S. President at the time George W. Bush created the Advanced Technology Vehicle Manufacturing Program. It was a legislation providing up to US$25 billion of low-cost government loans to automakers in order to restructure their facilities...
- Santorum Attacks Bush, Obama And Romney Over Gm And Chrysler Bailout
Another day, another presidential candidate of the Republican Party remembers the 2009 U.S. automotive industry bailout and declares his disdain by saying that both the country and the carmakers would be better off without it. So what else is new? Well,...
- Barack Obama's New Cadillac Presidential Wheels
General Motors published the first photos of the Barack Obama's new ride a week before his inauguration as the new president of the United States. The latest Cadillac Presidential Limousine is a completely new design, succeeding the DTS Presidential...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...
Cars
George W. Bush Says he Would Bail Out U.S. Carmakers Again if he had to
You’d be hard-pressed to find any similarities between the current and the former presidents of the United States. Yet, Barack Obama and George W. Bush actually do have one thing in common: they both agree that bailing out the bankrupt U.S. car industry was the right thing to do.
Bush, whose extension of bridge loans to U.S. automakers was one of the last decisions before he left office, gave the closing address to the annual National Automobile Dealers Association (NADA) convention.
The former President said Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke warned him that, unless the administration took drastic measures, a new depression was imminent.
Read more »- Fiat Ceo Defiant Amid Analysts’ Dim Predictions, Believes Upscale Products Will Save Italian Plants
Politics play a big part as far as large-scale auto manufacturers are concerned. The GM and Chrysler bailout initiated by Republican President George W. Bush and implemented by his Democrat successor in the White House, Barack Obama, was a political...
- Gop Budget Committee Wants To Axe All “green†Loan Programs And High-speed Rail Funds
Five years ago, U.S. President at the time George W. Bush created the Advanced Technology Vehicle Manufacturing Program. It was a legislation providing up to US$25 billion of low-cost government loans to automakers in order to restructure their facilities...
- Santorum Attacks Bush, Obama And Romney Over Gm And Chrysler Bailout
Another day, another presidential candidate of the Republican Party remembers the 2009 U.S. automotive industry bailout and declares his disdain by saying that both the country and the carmakers would be better off without it. So what else is new? Well,...
- Barack Obama's New Cadillac Presidential Wheels
General Motors published the first photos of the Barack Obama's new ride a week before his inauguration as the new president of the United States. The latest Cadillac Presidential Limousine is a completely new design, succeeding the DTS Presidential...
- Bush Administration Grants $17.4 Billion Loans To Gm And Chrysler
Detroit's Big-Three automakers may have failed to convince the Congress last week to provide $14 billion in loans, but when there's a will, there's a way. In an unprecedented move, the Bush Administration granted GM and Chrysler LLC $13.4...