Cars
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.
- Obama Administration Pondering On How To Unload Its 32 Percent Stake In Gm
During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM. The bailout has been a hotly debated issue,...
- Obama Campaign Airs 'made In America' Ad Touting Auto Bailout
If you have been following the news in the U.S. these past few weeks, you will have no doubt noticed that all Republican presidential candidates have attacked the Obama administration for the way it handled the auto industry bailout. Now it's time...
- Uaw Says Romney Is Misleading Voters On 2009 Bailout
Republican presidential candidates seem to have locked in the 2009 U.S. automotive industry bailout by the federal government as a means to raise votes in the primaries. Yet the Democrats aren’t the only ones who dismiss the Republicans’...
- 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,...
- President Obama's Ideal Car For His Oldest Daughter Includes A Boy Ejector
Seems like increasing the average mpg and reducing CO2 emissions for car manufacturers isn’t the only thing US President Barack Obama is occupied with when it comes to automobiles. The president is also worried about the car that his oldest daughter,...
Cars
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 right one," Obama said. Without the bailout, the American economic outcome could have been much more disturbing.
"General Motors and Chrysler...were on the brink of collapse. The rapid dissolution of these companies -- followed by the certain failure of many auto parts makers, car dealers and other smaller businesses -- would have dealt a crippling blow to our already suffering economy."
- Obama Administration Pondering On How To Unload Its 32 Percent Stake In Gm
During the 2009 bailout of General Motors and Chrysler under the Troubled Asset Relief Program, the U.S. Treasury Department injected US$79.7 billion in the two automakers, US$51 billion of which went to GM. The bailout has been a hotly debated issue,...
- Obama Campaign Airs 'made In America' Ad Touting Auto Bailout
If you have been following the news in the U.S. these past few weeks, you will have no doubt noticed that all Republican presidential candidates have attacked the Obama administration for the way it handled the auto industry bailout. Now it's time...
- Uaw Says Romney Is Misleading Voters On 2009 Bailout
Republican presidential candidates seem to have locked in the 2009 U.S. automotive industry bailout by the federal government as a means to raise votes in the primaries. Yet the Democrats aren’t the only ones who dismiss the Republicans’...
- 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,...
- President Obama's Ideal Car For His Oldest Daughter Includes A Boy Ejector
Seems like increasing the average mpg and reducing CO2 emissions for car manufacturers isn’t the only thing US President Barack Obama is occupied with when it comes to automobiles. The president is also worried about the car that his oldest daughter,...