Showing posts with label auto industry. Show all posts
Showing posts with label auto industry. Show all posts

Ed Carson: GM Bailout Has Now Cost Taxpayers $35 billion

Stock shares close in on record low. General Motors (GM) shares fell to a fresh 2012 closing low of 19.57 on Monday. The stock hit 19 in mid-December, the lowest since the auto giant came public at $33 in November 2010 following its June 2009 bankruptcy. Normally you might say, tough luck investors. But this is Government     ... MORE

Rich Lowry: The Sad Plight Of Obama's Edsel

Chevy Volt is the Solyndra of automobiles.   President Barack Obama says he wants to buy a Chevy Volt when he’s out of office in five years. If getting into a General Motors electric automobile means so much to him, he’d better hope he loses in November. What the president dubbed the “car of the future” in a visit to a Volt plant may not make it to January 2017.      ... MORE

Eric Peters: Chevy Volt Sleeps With The Fishes

It might as well have been a Trabant. GM has just announced it will be idling the plant (and the 1,300 workers at that plant) where the "game changing" Chevy Volt electric car is -- uh, was -- built. GM says it's only temporary -- until they figure out how to "align production with demand." It could be a long wait for those workers. GM projected production  ... 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

WSJ Editorial: The United States Of EPA

Ms. Jackson's agency takes over automobile design. Here's one good way to consider the vote in 2012: It's about whether to re-elect President Lisa Jackson, the head of the Environmental Protection Agency, which these days runs most the U.S. economy. The EPA heaved its weight against another industry this month, issuing a regulation to sharply increase fuel     ... 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

John Stossel: A Government That Kills

More dangerous cars have been mandated.  President Obama has declared that auto companies' fleets must average 54.5 miles per gallon by 2025, almost double the current 27.5. Standing at his side when he made the announcement were executives from the Big Three automakers. The New York Times reported: "It is an extraordinary shift in the relationship     ... MORE

Shikha Dalmia: Expanding the State By Executive Order

Obama's top four power grabs. Candidates never keep their promises once in office. But even by the unlovely standards of his political peers, President Obama has pulled a rather impressive switcheroo from the anti-Bush to Bush-plus. He ran on a platform to undo President George W. Bush’s legacy and restore government accountability, even signing the pledge from the ... MORE