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The 2016 Chevy Volt promises to be a much better hybrid than its predecessor, with a lower price and better performance... and unfortunately for GM, that improvement might be hurting sales of the outgoing model. The Detroit Free Press reports that there were roughly 6,000 unsold 2015 Volts as of April, or more than twice the 2,779 that sold in the first four months of the year. Sales are down 46 percent versus the same period a year ago, and dealers appear willing to make some serious concessions to clinch a deal.

Obama's former "car czar" and Willett Advisors chairman Steven Rattner said now is not the time for the U.S. government to sell its stake in General Motors. Any sale should wait until 2013 or even 2014, said Rattner, who led the Obama administration's restructuring of General Motors (GM, Fortune 500) and Chrysler from 2008 through 2009.. "I personally believe there's a lot of value in GM stock that's been badly treated by Wall Street," he told CNNMoney at the Milken Institute Global Conference in Los Angeles. Shares of GM have dropped roughly 30% since the automaker went public in November...

Here is Obama's plan.I did a search looking for this and I am not kidding the American alphabet media were having thrills posting only news headlines and articles on how great it is. The UK paper posted it.It was embargoed until after his speech. Click below to read the PDF easier reading version. American Jobs Act

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German Chancellor Angela Merkel has revealed the US president helped swing a deal to save carmaker Opel from the imminent bankruptcy of its parent firm. She said Barack Obama helped clear some hurdles threatening the transaction during a phone conversation. Earlier, Germany agreed the deal with Magna International, a Canadian car parts maker, to take over Opel, part of the European wing of US carmaker GM. It should protect Opel if GM files for bankruptcy protection in the US. GM is expected to do this as early as Monday. Marathon talks"I spoke on the phone with the American president yesterday...