Obama Assures the Govt Won't Get Involved in New GM
4 Jun 2009, 13:51 UTC · By: Bogdan Popa / After some other automakers have already expressed their concerns that the United States' stake in General Motors might allow the officials to help the automaker, President Barack Obama today s...
Henderson Calms Ford Down: Feds Will Stay Away of New GM
2 Jun 2009, 10:19 UTC · By: Bogdan Popa / Even if the United States government will own the majority stake in the future General Motors, this doesn't necessarilly mean the feds will get involved into the business, GM's President a...
Ford Hopes Obama Won't Cheat
2 Jun 2009, 09:02 UTC · By: Bogdan Popa / Ford is the only large automaker in the United States who's still surviving without government support and the company's is really proud of this, especially given the fact that both GM and...
Obama Backed Magna, Germans Celebrate
30 May 2009, 17:40 UTC · By: Daniel Patrascu / As we already told you earlier today, the German government and the American manufacturer GM came to an understanding regarding the future owner of Opel. Now, thanks to German chancellor Angela Merk...
Main Street Bondholders Oppose GM's Offer
29 May 2009, 10:00 UTC · By: Daniel Patrascu / The last ditch effort made by GM to come to an an agreement with its bondholders over the $27.2 billion debt has hit a brick wall, at least as far as the Main Street Bondholders are concerned. The g...
Ford's Reaction to US National Standard: Crucial Milestone!
20 May 2009, 06:38 UTC · By: Bogdan Popa / Obama's Administration's announcement that a national standard for fuel economy will require automakers to achieve an average rating of 35 mpg by 2014 pleased most car manufacturers across...
Chrysler Applauds Obama's National Fuel Standard
19 May 2009, 08:42 UTC · By: Bogdan Popa / Following Obama's Administration's announcement of a single national standard for fuel economy and CO2 emissions, most car manufacturer across the United States stepped in front of the med...
Obama Lives in a Yellow Submarine, Is Full of Hope for GM and Chysler
30 Apr 2009, 10:15 UTC · By: Tudor Raiciu / While GM and Chrysler are in limbo over the Chapter 11 bankruptcy law, President Barack Obama yesterday expressed his growing optimism concerning the two US carmakers. Apparently, his sudden mor...
US Government Slowly "Crawling" Towards "Cash for Clunkers" Bill
29 Apr 2009, 13:37 UTC · By: Tudor Raiciu / The US seem to be once again one step behind other countries in helping the automakers boost their disastrous sales. After failing to react in time to the soaring gas prices, the US lawmakers are ...
Obama Administration Raises Fuel Economy Level to 27.3 mpg
30 Mar 2009, 09:04 UTC · By: Tudor Raiciu / Apart from the already known effects of the pending economic crisis that has savaged the automotive industry, US automakers will have to deal with yet another thorny issue as the Obama administratio...
Obama: The Automotive Industry Must Be Preserved
27 Mar 2009, 13:12 UTC · By: Daniel Patrascu / President Barack Obama has announced that his administration will present the new aid package for GM and Chrysler over the following days, but warned that the two manufacturers will have to make &qu...
Obama to Announce Auto Czar Picks This Month
4 Feb 2009, 10:12 UTC · By: Bogdan Popa / The White House administration is continuously working to form an auto restructuring team, including an auto czar that would oversee the industry reform, and the first picks may be announced this we...