John Ransom: Chevy Volt Heads For Fiery Crash

Another failure of central planning.        The good news for GM these days is that no one has been consumed in a fiery death due to engine compartment fires since the Chevy Volt was discovered to spontaneous combust after accidents shortly after production began. The bad news for the company is that while Chevy Volt sales in       ... MORE

David Harsanyi: The Auto Bailout Failure Is Now Complete

Another big-time loser for taxpayers. You may recall that during the presidential election, the Treasury Department refused requests by General Motors to unload the government's stake in the giant automaker. Taxpayers had sunk $50 billion into a union bailout in 2009 and were now proud owners of 26.5 percent of the struggling    ... MORE

Steve Chapman: Obama's Auto Fairy Tale

Taking credit for every car sold since 2009. I'm a little hazy on the particulars, but as I understand things from the Democratic convention, a team of Navy SEALs landed in Detroit to save General Motors, and then autoworkers ran over Osama bin Laden repeatedly with a Chevy Volt. Or something like that. What was clear, regardless, is that the same   ... MORE

John Ransom: Another Obama Billion Dollar Green Loser

Chevy Volt jolts taxpayers in a big way.       This is getting redundant. If you want investment losses for tax purposes, Barack Obama is your guy. Now, if the country could only figure out how to write off the five trillion dollars we’ve lost during his presidency. As the man said: A billion here and a billion there, and pretty soon were talking about Barack ... MORE

Government-Subsided Automaker Recalls Hybrid Firetrap

by Becket Adams. Electric-car maker Fisker Automotive is recalling all of its $100,000 Karma sports sedans to fix cooling fans that can catch fire. The recall comes after Fisker and a private fire investigation firm finished probing an Aug. 10 fire in a Karma in Woodside, Calif. It was the second of its kind. The company said the probe found that the blaze started in   ... MORE

Amy Payne: Taxpayers' Auto Bailout Losses Mounting

UAW the winners, taxpayers the predictable losers. Taxpayers will lose even more on the auto bailout than previously thought, as the Treasury has just revised its estimate upward to $25 billion. This may still underestimate the losses to come—yet President Obama plans to tout the auto bailout as a key accomplishment of his Administration.   ... MORE

Steve Conover: The Essential Lesson Of The Auto Bailout

Punishing success.    What do companies get when they act responsibly? Government-subsidized competition. On July 5 in the swing state of Ohio, President Obama treated voters to his campaign-2012 synopsis of the 2009 auto industry bailout: "When the American auto industry was on the brink of collapse and more than one million ... MORE

Wash Examiner: A Coming Mandate To Buy Chevy Volts?

The path of bailouts, regulations and CAFE standards President Obama spent more than $85 billion bailing out General Motors and Chrysler three years ago. Now he claims credit for saving the industry, noting GM's recent return to the top sales spot among automakers worldwide, Ford's record profits (albeit achieved without federal funds), and the recent ... MORE

Detroit News: Estimate Of Auto Bailout Loses Soar

Losses to Treasury expected to exceed $23 billion.  The Treasury Department dramatically boosted its estimate of losses from its $85 billion auto industry bailout by more than $9 billion in the face of General Motors Co.'s steep stock decline. In its monthly report to Congress, the Treasury Department now says it expects to lose $23.6 billion, up from its ... MORE