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Keyword: generalmotors

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  • Five Takeaways from the GM Safety Debacle

    04/10/2014 9:04:06 AM PDT · by Kaslin · 27 replies
    Townhall.com ^ | April 10, 2014 | Peter Morici
    Mary Barra, CEO of General Motors, was called before Senate and House Committees last week to explain why a faulty ignition switch, responsible for at least 13 crash deaths, was not recalled for several years in vehicles manufactured by GM. Barra, who served as Executive Vice President for Global Product Development, Purchasing and Supply Chain until January, told members of Congress that she had no knowledge of the switch problem prior to the recent recalls. Members of Congress were left frustrated. Neither Barra nor federal regulators provided good answers as to why the vehicles were not recalled sooner and the...
  • I Can't Believe the U.S. Government Wants to Unleash This on the Public

    04/09/2014 7:11:08 AM PDT · by Vigilanteman · 3 replies
    Money Morning ^ | 8 April 2014 | Shah Gilani
    Do you know Ally Financial Inc.? You've no doubt seen their commercials. They used to be all over the tube hawking their high-yielding certificates of deposit. Now they're all over the tube with their "no hidden fees" campaign. . . . But Ally isn't funny. It recently announced that it's launching an initial public offering (IPO) of its stock at a price per share of $25 to $28. The shares will be offered by the U.S. Treasury as part of its planned exit of its investment in Ally during the subprime crisis in 2008. I've heard some analysts say this...
  • Michael Moore: General Motors 'criminals' deserve death

    04/01/2014 8:59:38 AM PDT · by ColdOne · 57 replies
    washingtonexaminer.com ^ | 4/1/14 | Charlie Spiering
    Liberal filmmaker Michael Moore believes that whoever was responsible at General Motors for failing to recall a faulty ignition switch deserves death. "I am opposed to the death penalty, but to every rule there is usually an exception, and in this case I hope the criminals at General Motors will be arrested and made to pay for their pre-meditated decision to take human lives for a lousy ten bucks," he wrote. Moore blamed former President George W. Bush's transportation Department for ignoring the problem in 2007 and praised new GM CEO Mary Barra for telling the truth about the problem.
  • Minding the Minders of G.M.

    04/05/2014 11:15:15 AM PDT · by jazusamo · 9 replies
    NY Times ^ | April 5, 2014 | Jackie Calmes
    There is a truism in Washington that was confirmed last week in Congress: Even less popular than government regulation is a regulator suspected of not doing its job. Not for the first time, the National Highway Traffic Safety Administration — or N.H.T.S.A. (pronounced NITZ-ah) — was forced to answer for failing to protect consumers. In this case, the failure involved a defective General Motors ignition switch implicated in 13 deaths. While G.M.’s new chief executive, Mary T. Barra, took most of the heat in two days of House and Senate hearings last week, she shared the grill with the safety...
  • GM Attempted Ludicrous 'Fix' for Defective Ignitions in 2005

    04/03/2014 10:28:00 AM PDT · by jazusamo · 26 replies
    NLPC ^ | April 3, 2014 | Mark Modica
    General Motors' CEO, Mary Barra, testified this week at government hearings on the deadly recall delay that contributed to at least 13 deaths of motorists driving GM vehicles with defective ignition switches. During that testimony Ms. Barra discussed one of GM's ridiculous early "solutions" for problems with ignitions turning to the off position as vehicles were being driven. GM engineers designed an insert to be placed in the keys' holes in an attempt to limit how much key chains dangled. This "fix" saved the company a few dollars in labor costs that would have been charged if they recalled...
  • Senators accuse GM of trying to cover up defective switch tied to 13 deaths

    04/02/2014 3:35:15 PM PDT · by alloysteel · 34 replies
    Foxnews.com ^ | April 2, 2014 | AP release
    Members of a Senate subcommittee accused General Motors of trying to cover up problems with an ignition switch that is now tied to 13 deaths, and pressed CEO Mary Barra to commit to punishing anyone involved. Panel members also told Barra that GM should tell owners to stop driving all the 2.6 million cars being recalled for the faulty switch until they are repaired. GM is currently telling owners the cars, mainly Chevrolet Cobalts and Saturn Ions, are fine to drive as long as nothing is placed on the key chain.
  • LeDuff: Don't just blame GM, blame the politicians too

    04/02/2014 8:50:14 AM PDT · by RckyRaCoCo · 7 replies
    myfoxdetroit ^ | 04/01/2014 | Charlie LeDuff
    Government Motors. Remember that one? That's a huge, overlooked detail in this whole GM recall crisis - the federal government's oversight of a company they bought out of bankruptcy four years ago and, under their nose, that same company is hiding its deadly, dirty laundry. Charlie LeDuff caught up with California Democrat Henry Waxman, who was head of the United States House Committee on Oversight and Government Reform at the time of that purchase.
  • Democratic Senator Tells GM Car Owners to Stop Driving Immediately

    04/01/2014 1:29:18 PM PDT · by Sub-Driver · 22 replies
    April 1, 2014 3:54 PM Democratic Senator Tells GM Car Owners to Stop Driving Immediately By Jim Geraghty A reader sends this in and quips, “Blumenthal to Michigan: Drop Dead!” CBS Connecticut: “Connecticut Senator Richard Blumenthal is among those calling for GM to make a stronger statement and tell owners to stop driving their cars immediately. Blumenthal believes GM made a decision to hide the defect of ignition switches.” Considering the risk from the switches, Blumenthal’s advice isn’t the most outlandish conclusion in the world. If an owner of one of the recalled cars wants to drive it at all,...
  • Power Steering Recall Could Cost GM Over $1.5 Billion

    04/01/2014 9:39:04 AM PDT · by jazusamo · 49 replies
    NLPC ^ | April 1, 2014 | Mark Modica/Peter Flaherty
    Almost two weeks after NLPC first requested that General Motors recall vehicles with defective power steering components , the company has agreed to the recall and finally remove the dangerous vehicles from the roads. Over 1.3 million Saturn Ions and related vehicles are included in the recall, bringing the total amount of GM vehicles recalled over the past month or so to over 6 million. The total cost to GM for the recalls will be in the billions of dollars with the latest recall probably accounting for over $1.5 billion on its own. The costs to GM's reputation are...
  • Congress Must Ask Barra Why GM Hasn’t Recalled Saturn Ions with Power Steering Loss

    03/31/2014 8:32:12 AM PDT · by jazusamo · 16 replies
    NLPC ^ | March 31, 2014 | Mark Modica
    On Friday, General Motors expanded its recall of vehicles with an ignition switch defect, but Saturn Ions with a dangerous steering loss problem remain unrecalled, even though Chevy Cobalts and other models with the exact same defect were previously recalled. The two Congressional Committees holding hearings this week must directly ask GM CEO Mary Barra why these dangerous vehicles remain on the road. It has now been almost two weeks since we requested that Barra immediately order a recall of Saturn Ions (MY 2004 to 2007) with defective electric power steering systems. GM had previously recalled Chevy Cobalts and Pontiac...
  • An Engineer’s Eureka Moment With a G.M. Flaw

    03/30/2014 1:19:58 PM PDT · by jazusamo · 46 replies
    New York Times ^ | March 28, 2014 | Bill Vlasic
    DETROIT — Somewhere inside the two-inch ignition switch from the 2005 Chevrolet Cobalt was the clue that Mark Hood was seeking. Mr. Hood, an engineer in Florida, had photographed, X-rayed and disassembled the device in the fall of 2012, focusing on the tiny plastic and metal switch that controlled the ignition. But even after hours of testing, Mr. Hood was at a loss to explain why the engine in Brooke Melton’s Cobalt had suddenly shut off, causing her fatal accident in 2010 in Georgia. It was no small matter to her family, which had hired Mr. Hood for their lawsuit...
  • General Motors recalls Chevrolet Cruzes, trucks and SUVs

    03/29/2014 11:04:05 AM PDT · by jazusamo · 17 replies
    Reuters ^ | March 29, 2014
    (Reuters) - General Motors Co is recalling certain Chevrolet Cruze models for possible axle fractures, and more than 490,000 trucks and SUVs for potential transmission cooler line issues, the company said in a statement late on Friday. These latest recalls come as the head of the country's biggest automaker, Chief Executive Mary Barra, faces Congress next week regarding who is to blame for faulty ignition switches linked to crashes and at least 12 deaths. The GM Cruze recall targets the 2013 and 2014 1.4L turbo gasoline powered model to replace a right front axle half shaft that can fracture without...
  • GM Response to Recall Delay Victims Anything BUT Compassionate

    03/25/2014 9:05:55 AM PDT · by jazusamo · 19 replies
    NLPC ^ | March 25, 2014 | Mark Modica
    Merriam-Webster.com defines compassion as, "a feeling of wanting to help someone who is sick, hungry, in trouble, etc." A Google search teaming the name Mary Barra with "compassionate" pulls up a host of articles fawning over General Motors' new CEO's handling of the company's botched recalls which seem to have cost at least 12 American lives. Contrary to the media's belief that GM is a compassionate entity working in the best interests of accident victims, the facts show that the response to defects in GM vehicles and subsequent recall delays has been anything BUT compassionate. The NY Times continued its...
  • GM Asked to Recall 382,000 Vehicles With Steering Loss Defect

    03/19/2014 11:09:16 AM PDT · by jazusamo · 9 replies
    NLPC ^ | March 19, 2014 | Peter Flaherty
    This letter is being sent today to GM CEO Mary Barra: We ask that General Motors (the Company) recall Saturn Ions for the model years 2004 through 2007 without further delay. These automobiles endanger the lives and safety of their drivers and passengers due to a loss of power steering, a serious problem of which the Company has been aware for several years. According to a summary of an ongoing investigation by the National Highway Traffic Safety Administration (NHTSA): ...GM indicated that the EPS (electric power steering) system used in the subject vehicles was the same as that used...
  • Questions Upton Committee MUST Ask GM About Recall Delay

    03/17/2014 1:00:51 PM PDT · by jazusamo
    NLPC ^ | March 16, 2014 | Peter Flaherty
    The following letter was sent today to Rep. Fred Upton (R-MI), Chairman of the House Energy and Commerce Committee: As your committee prepares for the upcoming House Energy and Commerce Committee hearing on the recent GM recall, I urge you to use every opportunity to examine what, if any, influence the U.S. government's ownership of GM has had on this troubling failure to address the dangerously flawed vehicles. In addition, we urge your committee to consider posing the following questions to panelists at your hearing: 1. In late 2009, GM sued supplier JTEKT North America for $30 million over faulty...
  • GM Recall Death Toll to Rise?; What Did Mary Barra Know and When Did She Know it?

    03/13/2014 10:35:45 AM PDT · by jazusamo · 57 replies
    NLPC ^ | March 13, 2014 | Marl Modica
    The New York Times hinted that the 11 year death toll for victims who drove defective General Motors' vehicles (that are just now being recalled) may rise from the current 12 confirmed fatalities. The Times reports, "Since 2003, GM has reported at least 78 deaths and 1,581 injuries involving the now-recalled cars, according to a review of agency records." It is not clear how many of the accidents involving one of the 1.6 million now-recalled vehicles were caused by the defect. The article does state that "the records mention potentially defective components" and "regulators appear to have overlooked disturbing...
  • ObamaCar Replacement Batteries Cost $34,000 According to GM Dealers

    03/08/2014 5:27:27 AM PST · by Kaslin · 43 replies
    Townhall.com ^ | March 8, 2014 | John Ransom
    Here’s the good news about the ObamaCar known as the Chevy Volt: There haven’t been any reported fires connected with the ObamaCar since the company recalled 8,000 of the electric vehicles—that’s one in six vehicles. That is no fires, if you don’t count the people who’ve been “fired” from the Volt production line as sales continue to make Obama’s “one million” electric car promise just another broken dream in a crooked scheme. Obama promised that by the time he finished as president, he’d put a million electric cars on the road. Thankfully, he won’t quite make it. No telling...
  • Chevrolet Sells 1,210 Volts In February, Off 26% From 2013

    03/04/2014 12:31:32 PM PST · by lacrew · 17 replies
    InsideEVs ^ | 3-3-14 | Jay Cole
    After posting a fairly disappointing 918 Volt sales in January – the first time sales were under 4 digits in 2 years (603 - Jan 2012), the extended range Chevy bounced back a little in February notching 1,210 deliveries. Year-over-year, this February’s result was up against some fairly stiff competition as 1,626 were sold this month a year ago, meaning sales were off 25.6%. For the year to date, 2,128 Volts have been sold as compared to 2,766 – off 23.1% There just isn’t enough casr to even get the Volt a fighting chance as the General opted to produce...
  • Former NHTSA Head Criticizes GM for Deadly Recall Delay

    03/04/2014 9:32:30 AM PST · by jazusamo · 12 replies
    NLPC ^ | March 3, 2014 | Mark Modica
    Former head of the National Highway Traffic Safety Administration (NHTSA), Joan Claybrook, has weighed in on the deadly delay by General Motors on a recall for a defect that is alleged to have resulted in 13 deaths and 33 accidents. Ms. Claybrook appeared on the Cavuto Show on Fox Business where she blasted both GM and NHTSA for waiting 10 years to recall the defective models and went as far as saying that there should be criminal charges brought against GM by the Justice Department. Congress was questioned for its response (or lack thereof) as Cavuto started the segment by...
  • In General Motors Recalls, Inaction and Trail of Fatal Crashes

    03/03/2014 9:47:51 AM PST · by jazusamo · 14 replies
    NY Times ^ | March 2, 2014 | Christopher Jensen
    For Laura Christian, July 29, 2005, was the worst kind of anniversary. One year earlier, Ms. Christian had been reunited with Amber Marie Rose, the daughter she gave up for adoption at birth. But Ms. Christian did not get to call her daughter a year later. In the predawn hours that day, Amber, 16, died after her 2005 Chevrolet Cobalt crashed and the air bag failed to deploy. Now, nearly nine years later, Ms. Christian knows that the air bag’s failure was the result of a defective car part. General Motors has recalled nearly 1.4 million cars in the United...
  • Detroit automakers worry about UAW money struggles

    02/22/2014 5:08:58 PM PST · by smokingfrog · 25 replies
    WSBTV ^ | 2-22-14 | TOM KRISHER
    DETROIT — The United Auto Workers' membership and dues are down sharply from just six years ago. In another sign of weakness, the union suffered a stunning defeat this month when it tried to organize a Tennessee factory run by labor-friendly Volkswagen. The rejection, by a close vote, was a major setback in the union's effort to expand in the South, where non-union, foreign companies such as VW, Nissan and Hyundai are rapidly growing. But instead of relief, Detroit's three automakers — Ford, Chrysler and General Motors — are increasingly anxious about the 78-year old union's future. For them, it's...
  • GM CEO Mary Barra To Sit With Michelle Obama At The State Of The Union

    01/28/2014 2:38:58 PM PST · by 2ndDivisionVet · 27 replies
    Jalopnik ^ | January 28, 2014 | Patrick George
    You know you've arrived not only when you get invited to the State of the Union address, but when you're asked to sit next to the first lady herself. That's where General Motors' new CEO, Mary Barra, will be sitting tonight. Barra, the first woman to lead a major auto manufacturer, was one of the guests singled out to sit with First Lady Michelle Obama for "represent(ing) the stories of millions of Americans across the country, who are working hard to better their communities, improve their own economic outcomes and help restore opportunity for all" according to the White House....
  • UAW Sets Up Organizing Committee at Tesla's Fremont Factory

    01/06/2014 4:14:33 PM PST · by nascarnation · 19 replies
    Autoblog Green ^ | 1/06/2014 | S. Blanco
    Tesla is happy to do things differently than other automakers, from the company-owned stores to the all-electric drivetrain. It also doesn't use union workers at its factory in Fremont, California (the former NUMMI plant, pictured). But now the United Auto Workers (UAW) is testing the waters for representation at the plant, according to a report in the San Francisco Chronicle. UAW President Bob King has revealed that the UAW has created an organizing committee in Fremont. How this would change things at Tesla – and whether it would be a good or bad thing – is not really known, but...
  • GM Asked to Pay Back $10 Billion Bailout Costs

    12/16/2013 8:56:12 AM PST · by jazusamo · 19 replies
    NLPC ^ | December 16, 2013 | Staff
    Peter Flaherty, president of the National Legal and Policy Center (NLPC), today posed key questions to the General Motors leadership at a National Press Club press conference, including whether the company will repay to taxpayers the $10 billion direct cost of the GM bailout. News that the U.S. Treasury Department has sold its remaining stake and that Mary Barra will take over as GM's new CEO have put the spotlight on the company and its future. GM executives have pointed to GM's $26.8 billion in cash as evidence of its improved financial position. Analysts have raised the possibility that the...
  • GM to stop making cars in Australia by 2017

    12/11/2013 2:15:01 AM PST · by Olog-hai · 13 replies
    Associated Press ^ | Dec 11, 2013 4:07 AM EST | Rod McGuirk
    General Motors Co. said Wednesday it will stop making cars and engines in Australia by the end of 2017, with nearly 2,900 jobs to be lost, because of high production costs and competition. The decision could spell the end of car manufacturing in Australia as the industry will be too small for supporting businesses such as parts makers to remain economic. Toyota Motor Corp. announced it is reassessing its future in Australia. A union said 50,000 jobs in the auto industry are in jeopardy. GM’s Australian subsidiary Holden once dominated Australian auto sales, but lost market share to imported cars....
  • GM Names Mary Barra as First Female CEO

    12/10/2013 7:32:00 AM PST · by jimbo123 · 40 replies
    Fox Business ^ | 12/10/13 | Matt Egan
    General Motors (GM) tapped products chief Mary Barra to become the auto maker's first female CEO, taking the keys from current chief Dan Akerson who will step down ahead of schedule in January. The promotion of Barra instantly makes her the most powerful woman in Detroit and one of the most influential in corporate America. The move comes just hours after the Treasury Department exited its ownership of GM following the auto bailouts of 2008 and 2009.
  • U.S. sells all its GM shares taking $10B loss

    12/09/2013 4:08:46 PM PST · by Dallas59 · 42 replies
    CBC News ^ | 12/9/2013 | CBC News
    The U.S. government ended up losing $10.5 billion US on its bailout of General Motors, but still says the alternative would have been much worse. Treasury Secretary Jacob Lew announced Monday that the government sold its remaining shares in the Detroit automaker. The government received 912 million GM shares, or a 60.8 per cent stake in the automaker, in exchange for a $49.5 billion bailout during the financial crisis in 2008 and 2009. It recovered $39 billion of the money, meaning taxpayers came up more than $10 billion short.
  • Obama claims "GM has now repaid every taxpayer dollar my Administration committed to its rescue...."

    12/09/2013 3:59:25 PM PST · by Askwhy5times · 38 replies
    Bluegrass Pundit ^ | Bluegrass Pundit
    Couldn't we just as easily say "GM has now repaid every taxpayer dollar the previous Administration committed to its rescue, plus billions invested by my Administration?" Via WhiteHouse.gov: When I took office, the American auto industry – the heartbeat of American manufacturing – was on the verge of collapse.  Two of the Big Three – GM and Chrysler – were on the brink of failure, threatening to take suppliers, distributors and entire communities down with them.  In the midst of what was already the worst recession since the Great Depression, another one million Americans were in danger of losing their...
  • GM's Balance Sheet Not as Healthy as it Looks

    12/09/2013 2:48:05 PM PST · by jazusamo · 12 replies
    NLPC ^ | December 9, 2013 | Mark Modica
    One of the major architects of the General Motors bankruptcy process, Harry Wilson, recently gave a very optimistic outlook for GM future share price. Mr. Wilson was a member of President Obama's Auto Task Force, and was an instrumental player in seeing that UAW interests were put ahead of other creditors, like old GM bondholders. Automotive News now reports that Mr. Wilson feels that GM may be a target for activists because of their "huge" cash hoard. According to the piece: "Any company that isn't efficient about capital allocation is a target for activists," said Wilson, who is now a...
  • Auto bailout saved 2.6m jobs,$105b in potential lost taxes(No joke,saying this w/ a straight face)

    12/09/2013 2:07:59 PM PST · by bestintxas · 14 replies
    wash examiner ^ | // | p beddard
    Washington’s $49.5 billion bailout of General Motors saved at least 1.2 million jobs, protected hundreds of thousands of pensions and earned about $40 billion in tax collections, turning what some have dubbed a poor investment into a whopping bang for Uncle Sam, according to a new report. The bottom line, according to the Center for Automotive Research study heralded by GM: When the full picture of what was at stake is considered, including the potential for millions to be put out of work, the government actually made out big time. And when bailed-out Chrysler is included, the study found that...
  • GM Dealers Say Low Demand, Not Lack of Supply Explain Poor Truck Sales

    10/28/2013 11:27:01 AM PDT · by jazusamo · 51 replies
    NLPC ^ | October 28, 2013 | Mar Modica
    The past month has brought much confusion and concern for General Motors' shareholders regarding the most important and profitable segment of sales for the company. As the company prepares to report earnings for the third quarter this week, media reports are still unclear on just what is going on with GM's new truck lineup; specifically pertaining to the reasons behind the disappointing sales figures that were reported for the month of September when Ford's truck offerings left them in the dust. While GM's Obama-appointed management spun the story ( claiming supply could not keep up with demand ) to some...
  • Poll: Texans Reluctant to Buy GM Trucks Because of Bailout

    10/09/2013 4:07:47 PM PDT · by 2ndDivisionVet · 71 replies
    The Washington Free Beacon ^ | October 9, 2013 | Bill McMorris
    More than half of Texans said that the nearly $50 billion taxpayer bailout of General Motors may deter them from buying from the company, according to a survey released Tuesday. The National Legal and Policy Center (NLPC), a nonprofit ethics watchdog, surveyed more than 500 Texas residents and found that 40 percent said the bailout would “absolutely” affect their decision about buying one of GM’s new pick-up trucks. More than 22 percent said it would “likely” or “very likely” affect their decision, while just 24 percent answered “not too likely.” About 150 of those surveyed said that they were in...
  • A Nervous GM Is Spying on the Tesla Playbook

    10/05/2013 7:28:06 AM PDT · by ckilmer · 6 replies
    wallstcheatsheet ^ | October 05, 2013 | Justin Lloyd-Miller
    Not all that long ago, news broke which indicated that General Motors (NYSE:GM) had formed a special committee with the sole purpose of studying Tesla (NASDAQ:TSLA) and assessing the upstart EV maker as a threat to GM’s business. While Tesla produces a minute fraction of the number of cars that GM makes, the latter’s fear of the California-based Tesla isn’t completely unfounded: This year to date, Tesla’s market valuation has rocketed to $23 billion, nearly half of the $50 billion that GM is worth on the public exchange. “At this pace, if the bubble doesn’t burst, 10-year-old Tesla could eclipse...
  • GM Developing Car to Rival Tesla

    09/17/2013 7:44:27 AM PDT · by illiac · 22 replies
    Wall Street Journal ^ | 9/17/13 | Mike Ramsey
    General Motors Co. GM +1.89%is developing an electric car that can go 200 miles on a charge for around $30,000, officials at the largest U.S. auto maker said, offering a challenge to luxury electric-car startup Tesla Motors Inc. TSLA -0.58% Doug Parks, GM's vice president of global product programs, disclosed the effort on Monday at GM's battery laboratory and test facility in Warren, Mich., but didn't say when the car would be available. He said while the technology is available now, the cost of the batteries remains too high to be able to pull off the feat today. GM's move...
  • GM to Lose Even More on Each Chevy Volt

    08/08/2013 11:35:04 AM PDT · by jazusamo · 19 replies
    NLPC ^ | August 8, 2013 | Mark Modica
    The Chevy Volt madness continued this week with General Motors announcing that consumers will see a $5,000 decrease in the price of President Obama's favorite green wonder-car. Sales of the Volt have been dismal, with most consumers refusing to be as smitten with the car as the President and the few enthusiastic green ideologues who seemed to believe that spending approximately $20,000 more for a car (over a gas-powered rival) that can save them about $3 a day in gas makes sense. What seems to go unrecognized is the fact that the price cut comes at the expense of GM...
  • GM cuts Volt electric car price by $5,000 for 2014 model (Fire sale?)

    08/06/2013 7:07:55 AM PDT · by AngelesCrestHighway · 22 replies
    Yahoo Finance ^ | 08/06/13 | Yahoo Staff
    DETROIT (Reuters) - General Motors Co (GM) said on Tuesday it is slashing the price of its Chevrolet Volt electric car by $5,000 to help boost demand for the plug-in hybrid in a segment still struggling to gain a foothold in the U.S. auto market. The price cut for the 2014 model will lower the price to $34,995, including delivery fees before federal tax credits. Pricing could fall as low as $27,495 with the tax credit. "We have made great strides in reducing costs as we gain experience with electric vehicles and their components," Don Johnson, U.S. vice president for...
  • Fascinating 1936 Footage of Car Assembly Line

    08/06/2013 12:26:15 AM PDT · by Windflier · 38 replies
    Dump.com ^ | unknown | Unattributed
    An amazing video of American industrial prowess, prior to WWII.
  • GM offers big price cut on Chevy Volt

    08/06/2013 3:39:07 AM PDT · by SMGFan · 28 replies
    CNN ^ | August 6, 2013
    General Motors announced Tuesday that it will knock $5,000 off the sticker price of a new Chevy Volt, making it the latest electric car to be steeply discounted as automakers battle for buyers.
  • Detroit: My City Was Gone

    07/28/2013 5:11:22 AM PDT · by Kaslin · 31 replies
    Townhall.com ^ | July 28, 2013 | Derek Hunter
    A lot of people have been writing about Detroit lately and why the one-time economic powerhouse is now a bankrupt echo of wasted opportunity. Most of it, coming from the usual suspects at MSNBC, is a lie designed to direct the public’s attention away from the oil – the lifeblood of the Motor City – on their ideological hands. The problems of Detroit are not so much economic one; they were caused, for the most part, by political corruption. Unlike most of those opining on television and in print, I was born in Detroit, in (the now gone) Mt. Carmel...
  • Chevy Volt Owners See Red, Head for Fiery Crash

    07/14/2013 6:00:48 AM PDT · by Kaslin · 31 replies
    Townhall.com ^ | July 14, 2013 | John Ransom
    LogicDesigner wrote: It seems that John Ransom is at it again. I can just see his thought process. "Oh dangit, the GM has lowered the price of the Volt and now they had a record sales month. I better find some way to spin this story into how the Volt is an utter failure! If anyone disagrees with me I'll just call them a troll and question their conservative credentials!" (It seems John also deleted his comment where he called one of his critics a troll and accused them of pretending to be a conservative). "Someone should give me a...
  • Chevy Volt Heads for Fiery Crash

    07/08/2013 4:16:35 AM PDT · by Kaslin · 39 replies
    Townhall.com ^ | July 8, 2013 | John Ransom
    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 June set a record, prior to June their sales for 2013 sucked despite general auto sales setting post-crash records. “With signs that sales of its Chevrolet Volt battery car could be coming unplugged,” reported NBC News in June, “General Motors is offering potential buyers as much as $5,000 in...
  • Tragedy of Detroit Shows 'Big Unit America' Is out of Gas

    06/03/2013 4:50:08 AM PDT · by Kaslin · 35 replies
    Townhall.com ^ | June 3, 2013 | Michael Barone
    Detroit, once one of the nation's most vibrant cities, faces imminent bankruptcy. That's the headline from the report last month of emergency fiscal manager Kevyn Orr, issued 45 days after he was appointed this spring by Michigan Gov. Rick Snyder to take over the city's government. "The path Detroit has followed for more than 40 years is unsustainable," Orr said, "and only a complete restructuring of the city's finances and operations will allow Detroit to regain its footing and return to a path of prosperity." The police department, his report says, "is in disarray." Nearly one-quarter of fire department operations...
  • Were Republican-owned GM dealerships targeted for closure in 2010? (Video)

    05/17/2013 6:04:41 PM PDT · by Perdogg · 45 replies
    Two members of Congress are asking if the Treasury Department disproportionately targeted more Republican or conservative owned auto dealerships during the government-lead restructuring of General Motors in 2009. Breitbart.com reported today that Mike Kelly (R-PA) and Jim Renacci (R-OH) released a letter asking Treasury Secretary Jack Lew to release documents regarding the process and methodology that determined which GM dealerships were closed.
  • Congressmen: Were Conservative Car Dealers Targeted for GM Closures?

    05/17/2013 11:08:31 AM PDT · by grundle · 38 replies
    breitbart.com ^ | May 17, 2013 | Alexander Marlow
    Two Congressmen are asking the Treasury Department if it inappropriately scrutinized conservative-owned businesses the same way it targeted Tea Party groups filing for tax-exempt status. Republicans Mike Kelly (PA-03) and Jim Renacci (OH-16) circulated a letter Thursday requesting Treasury Secretary Jack Lew release documents detailing the process and methodology the Automotive Task Force used to shut down General Motors dealerships in 2009 during the automotive industry crisis. Renacci's Northeast Ohio Chevrolet dealership was closed in 2010 after losing a battle with General Motors. Congress loaned General Motors $50 billion in 2009 after declaring bankruptcy, which resulted in the federal government...
  • Sarah Palin Attacks American Car Companies, Calls Them 'Losers' (She speaks truth, they deny)

    04/07/2013 7:22:21 PM PDT · by 2ndDivisionVet · 48 replies
    Opposing Views ^ | April 7, 2013 | Michael Allen,
    Former half-term Alaska Governor Sarah Palin, who often attacks Democrats for hurting small businesses, slammed American automakers Tesla Motors and Fisker Automotive for being "losers" on her Facebook page. Palin attacked Fisker Automotive for laying off 75 percent of its employees last Friday, reports the Los Angeles Times. Palin also accused the Obama administration for supposedly attempting "to pick 'winners and losers' in the free market," but did not mention that for decades the federal government has made loans to businesses. She showed additional contempt for hybrid electric cars by slamming General Motors' Volt, which tripled its sales in 2012,...
  • Chevy Volt Sales Plunge – Obama’s Flagship EV a Failure

    04/03/2013 10:39:46 AM PDT · by jazusamo · 39 replies
    NLPC ^ | April 3, 2013 | Mark Modica
    The Chevy Volt has inarguably been the poster child for President Obama's push to electrify America's auto fleet. Billions of taxpayer dollars have been spent to produce and subsidize the plug-in electric car. For years we have heard about the supposedly amazing technology for the Volt which would lead America to energy independence, be a "game-changer" for General Motors and provide a multitude of new green jobs. Proclamations were made that supply for the wonder-car could not keep up with the demand. Well, March's sales figures are in and give further confirmation that the lofty claims were all lies. March's...
  • Government Sells $490 Million of GM Stock

    03/20/2013 12:53:02 PM PDT · by Red Badger · 17 replies
    www.ttnews.com ^ | 3/18/2013 11:00:00 AM | Staff
    The U.S. government has sold another chunk of its stake in General Motors Co., the Associated Press reported. The Treasury Department said in its February report to Congress that it sold $489.9 million worth of GM common stock last month. The report said the government has recovered about $29.8 billion of its $49.5 billion bailout of the Detroit automaker. That means the government has yet to recover $19.7 billion of its investment in the automaker, AP said. That means it still owns about 277 million shares. Those would have to sell for around $71 each for the government to break...
  • Susan Docherty Has a Great Idea How To Kill Cadillac

    02/26/2013 4:39:33 PM PST · by jjotto · 38 replies
    The Truth About Cars ^ | February 25, 2013 | Bertel Schmitt
    Uh-oh: Susan Docherty, dispatched from China to Europe to teach the Eurotrash the proper appreciation and respect for Chevrolet and Cadillac, has come up with a strategy that assures the destruction of Cadillac outside of the U.S. Cadillac’s global aspirations hinge on its success in Europe, Docherty told WardsAuto. Again:” To be successful in China, Cadillac must first be successful in Europe. No blond jokes please, show some respect. “If a luxury brand is successful in Europe, whether that brand is Chanel or Prada, or Mercedes or BMW, people in parts of Asia look to see what Europeans validate as...
  • Why Is Buffett Buying GM?

    02/16/2013 7:51:11 AM PST · by ExxonPatrolUs · 47 replies
    Motley Fool ^ | 2-16 | John Rosevear
    Interesting news for auto-watchers: Berkshire Hathaway (NYSE: BRK-A), the savvy conglomerate controlled by the great Warren Buffett, disclosed in an SEC filing on Thursday that it had bought 10 million shares of General Motors (NYSE: GM). That comes on top of another 15 million shares of GM Berkshire bought earlier in 2012, bringing the total value of the company's investment in the General to nearly $700 million as of Thursday's close. That's not chump change, even by Buffett's standards. What might Berkshire be thinking? Is GM a value stock? The obvious guess for anyone who knows anything about Buffett's career...
  • The Auto Bailout Failure Is Now Complete

    12/20/2012 7:36:39 AM PST · by Kaslin · 21 replies
    Townhall.com ^ | December 20, 2012 | David Harsanyi
    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 company. Reportedly, GM had growing concerns that the stigma of "Government Motors" was hurting sales in the United States. At the time, any transaction would have come at a steep loss to taxpayers and undermined the president's questionable campaign assertions that the auto union rescue had been a huge success. Well, now...