advanced search

21 matches for 'bailout'

• Bailout Watch 574: Legal Bills To Pile Up Through 2010

  —The Truth About Cars

  Number of comments: 4
  Compared to the tens of billions of dollars in lost taxpayer investments in GM and Chrysler, the lawyer bills for the twin bankruptcies are relatively inexpensive. The Freep reports that legal and consulting fees have already exceeded $120m, with another $3m pending for September and October, and more to come. [...]

  Posted: November 30, 2009, 2:54pm EST
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Don't Boycott GM

  —The Auto Prophet

  I have talked to a few people, and read many more on web forums, who will not buy any GM or Chrysler products because they took a government bailout. Some of these folks also want to stick it to the UAW, who they see as the reason for GM and [...]

  Posted: November 15, 2009, 11:33pm EST
  

  — about this blog

  — blogs linking 'The Auto Prophet' this week

• Pay Czar Removes Salary Cap for GM’s New Hires; Who Is GM’s $500k Man?

  —The Truth About Cars

  Number of comments: 8
  Automotive News [sub] reports that President Obama’s Pay Czar has done an about face. Kenneth Feinberg pledged to remove the $500,000 salary cap for NEW executives hired for TARP-recipients—if he’s convinced that a rule-busting pay boost would help the bailout queens return U.S. taxpayer’s money. Feinberg’s climb-down comes just two [...]

  Posted: November 13, 2009, 9:19am EST
  by Robert Farago

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Bailout Watch 570: Your Tax Dollars At Work Overseas

  —The Truth About Cars

  Number of comments: 2
  We do have the ability, if it’s necessary, to provide support directly, but again that’s only if necessary… We are able to run a global business GM CEO Fritz Henderson in the Detroit Free Press, explaining that GM is allowed to spend US -government bailout money on overseas operations, in this [...]

  Posted: November 10, 2009, 10:33am EST
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Chrysler Kills ENVI Electric Car Program, Shocks No One [I Feel Gassy]

  —Jalopnik

  Number of comments: 74
  Remember the fake electric car program Chrysler showed off earlier this year in a transparent attempt to get bailout money? Fiat just canceled the entire ENVI program. So predictable. Frankly, we're...' [...]

  Posted: November 10, 2009, 9:40am EST
  by Wes Siler

  — about this blog

  — blogs linking 'Jalopnik' this week

• Cash for Clunkers “Green” Goal A Flop

  —The Truth About Cars

  Number of comments: 15
  Some politicians who supported the Cash for Clunkers program didn’t want to be seen promoting a billion dollar (or three) bailout for car dealers, what with car dealers rating just above sex offenders as “people who I’d like to support with my taxes.” So, not surprisingly, the C4C bill was [...]

  Posted: November 09, 2009, 9:09am EST
  by Robert Farago

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Tradewar Watch 7: More Shots Fired

  —The Truth About Cars

  Number of comments: 9
  China’s Ministry of Commerce on Friday announced it would formally launch an investigation into subsidies on imports of some automobiles from the United States, Reuters reports. With all the bailout money sloshing around, China won’t have a hard time coming up with evidence. The announcement is seen as a tit-for-tat after [...]

  Posted: November 06, 2009, 3:35pm EST
  by Bertel Schmitt

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Ask the Best and Brightest: Have the Feds Done Too Much or Too Little for Detroit?

  —The Truth About Cars

  Number of comments: 60
  Diners at the Motown bailout banquet are back at their tables, their plates groaning under the weight of federal “investment.” They’re just now beginning to tuck in, spending your hard-earned money on various plans to achieve what Oliver called “that full-up feeling.” The reluctant chefs (70 percent of American opposed [...]

  Posted: November 06, 2009, 1:46pm EST
  by Robert Farago

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Tweets on Cars: Say what you will...

  —Karl on Cars

  Say what you will about the bailouts, but it's clear GM really is at a turning point. Would have been a bummer if they'd died last winter.' [...]

  Posted: November 06, 2009, 12:36pm EST
  

  — about this blog

  — blogs linking 'Karl on Cars' this week

• Fiat 500: The Littlest Bailout Baby

  —The Truth About Cars

  Number of comments: 59
  Chrysler is in desperate need of quick fixes. New versions of old nameplates (300, Grand Cherokee) and quick ‘n dirty refreshes, and modifications of existing, moribund nameplates are not going to keep showrooms busy while new, Fiat-based products wend their way to market over the next five years. And so, [...]

  Posted: November 06, 2009, 11:17am EST
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• GM CEO Fritz “Transparency” Henderson: We’re Beating Secret Targets

  —The Truth About Cars

  Number of comments: 19
  Transparency. It’s what GM CEO Fritz Henderson promised taxpayers in sworn testimony in front of Congress, post $52 billion bailout (and the rest). As TTAC pointed out previously, bullshit. After not releasing the dead dealer list promised to Senator Jay Rockefeller, the nationalized automaker is now proud to announce that [...]

  Posted: November 05, 2009, 5:36pm EST
  by Robert Farago

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• $13.6 Billion Remaining in GM’s Bailout Escrow Account

  —The Truth About Cars

  Number of comments: 15
  \ GM was given its last $30B of taxpayer money as it entered bankruptcy in early June of this year. By the time GM exited Chapter 11 protection on July 10, there was only $16.4B left in its bailout escrow account. According to an 8-K form filed today with the SEC, [...]

  Posted: November 02, 2009, 7:36pm EST
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Bailout Watch 569: Exit Strategy? What Exit Strategy?

  —The Truth About Cars

  Number of comments: 12
  Next up in today’s series “Selections from the GAO report on the auto bailout which closely resemble TTAC editorials of a year ago” we have the report’s discussion of a possible exit strategy. Or rather, the report’s disclosure that there’s so not an exit strategy it hurts. From the report’s [...]

  Posted: November 02, 2009, 4:39pm EST
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Bailout Watch 568: Cash For Clunkers Hurt Bailout Exit Strategy

  —The Truth About Cars

  Number of comments: 8
  More new information from today’s GAO post: Moreover, whether enough time has passed for the impact of the structural changes to be seen is unlikely, especially given that the automakers have not completed restructuring, the economy is still recovering, and new vehicle purchases remain at low levels. For instance, although the [...]

  Posted: November 02, 2009, 2:57pm EST
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Bailout Watch 567: Feds Mandate Chrysler Green Car

  —The Truth About Cars

  Number of comments: 10
  From the just-released GAO report (PDF) on the auto bailout: Chrysler’s shareholders, including Treasury, have agreed that  Fiat’s equity stake in Chrysler will increase if Chrysler meets certain benchmarks, such as producing a vehicle that achieves a fuel economy of 40 miles per gallon or producing a new engine in the [...]

  Posted: November 02, 2009, 2:34pm EST
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Bailout Watch 566: Bailed Out Automakers Must Meet US Production Quotas

  —The Truth About Cars

  Number of comments: 15
  Well, it turns out that October sales won’t be released until tomorrow, but luckily we have a hot-and-sweaty-fresh report by the Government Accountability Office (PDF) to keep things interesting. And we’re learning all kinds of new things about the auto bailout. To wit: Chrysler must either manufacture 40 percent of its [...]

  Posted: November 02, 2009, 2:00pm EST
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Editorial: Henderson's fuel cell 10X cost comments are out of context

  —AutoblogGreen

  

  Filed under: EV/Plug-in, Hybrid, Hydrogen, GM, AutoblogGreen Exclusive

  
  
  The other day we reported on an interview with General Motors CEO Fritz Henderson published in the Washington Post. While most of the discussion focused on the bailout and bankruptcy, from [...]

  Posted: November 02, 2009, 11:55am EST
  by Sam Abuelsamid

  — about this blog

  — blogs linking 'AutoblogGreen' this week

• Mission (sorta) Accomplished: Shocking Barack Tour ends [w/VIDEO]

  —AutoblogGreen

  

  Filed under: EV/Plug-in, On Two Wheels, USA

  
  
  After retracing the Detroit-to-DC bailout-begging route taken earlier this year by auto execs, two intrepid souls dispatched by electric motorcycle maker Brammo have finally successfully accomplished their "Shocking Barack" mission. Sort of. While [...]

  Posted: October 30, 2009, 7:57pm EDT
  by Domenick Yoney

  — about this blog

  — blogs linking 'AutoblogGreen' this week

• Bailout Watch 565: Small Business Adminstration Dealer Bailout Grows

  —The Truth About Cars

  Number of comments: 8
  Car dealers are some of the most politically connected people in America. As we reported yesterday, more than a few axed GM store owners demonstrated their political muscles by forcing the nationalized automaker to rescind their franchise terminations. Further back in time, we highlighted the Obama administration’s “stealth” dealer bailout: [...]

  Posted: October 30, 2009, 11:49am EDT
  by Robert Farago

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• GM-Daewoo: No Bailout Needed. For Now. Maybe.

  —The Truth About Cars

  Number of comments: 4
  It’s not that GM’s Korean Daewoo division doesn’t need more money. The problem is that the only bank willing to lend a dime, the Korean Development Bank, wants strings attached. Since GM came up with the cash to buy up Daewoo’s $413m rights offering, it says Daewoo is out of [...]

  Posted: October 30, 2009, 11:01am EDT
  by Edward Niedermeyer

  — about this blog

  — blogs linking 'The Truth About Cars' this week

• Bailout Watch 564: TN Senator Corker Calls GMAC A “Zombie”

  —The Truth About Cars

  Number of comments: 23
  I was most gratified when the MSM adopted my nickname for then-GM Car Czar Bob Lutz, recognizing the crock of shit guy as Maximum Bob. (While they missed the irony, that only made it more delicious.) I’m now pleased to report (for my own selfish, ego-maniacal reasons) that the term [...]

  Posted: October 30, 2009, 9:53am EDT
  by Robert Farago

  — about this blog

  — blogs linking 'The Truth About Cars' this week