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Archive for the 'Politics' Category

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Spotlight on the EDTA: Live Chat With President

September 24th, 2009 | Posted in: Politics with 143 Comments

The Electric Drive Transportation Association (EDTA) is according to their website:
The preeminent industry association dedicated to advancing electric drive as a core technology on the road to sustainable mobility. As an advocate for the adoption of electric drive technologies, EDTA serves as the unified voice for the industry and is the primary source of [...]

Posted by: Lyle with 143 Comments

Obama Announcing New Strict Federal Fuel Economy Requirements of 35.5 mpg by 2016, GM Commits to it

May 18th, 2009 | Posted in: Efficiency, Politics with 138 Comments

CAFE stands for Corporate Average Fleet Economy and applies to the federal fuel efficiency requirement automakers are mandated to adhere to.
Currently the CAFE standard is 27.5 mpg for cars and 24 mpg for light trucks.
For many years California has pushed for automakers to adhere to its own state standards which are much stricter. The [...]

Posted by: Lyle with 138 Comments

The Fall of Chrysler Could be Model for Reshaping GM

May 2nd, 2009 | Posted in: Financial, Politics with 114 Comments

The New York Times has published an interesting article outlining how the government may use the Chrysler bankruptcy process as a learning tool for how to reshape GM.
It is pointed out that the two companies are rather different. GM has three times the employees and twice the number of plants. According to Rahm [...]

Posted by: Lyle with 114 Comments

Obama: Chrysler Will File for Bankruptcy

April 30th, 2009 | Posted in: Financial, Politics with 88 Comments

 

One month ago Chrysler was given until today to restructure all of its debt and merge with Fiat. This was not to be the case. President Obama announced that Chrysler will move to file for bankruptcy shortly. It is expected the process will be swift and surgical with a new Chrysler emerging within 30 to [...]

Posted by: Lyle with 88 Comments

We Enthusiasts Rally Around the Volt

April 18th, 2009 | Posted in: Financial, Politics, Public Opinion with 91 Comments

The media continues to imply that Obama’s Auto Task Force could still be considering slashing the Volt program out of GM’s future, despite multiple assurances we have gotten here, including one from GM vice-Charmain Bob Lutz who told us before “the Volt will survive and prosper.”
Besides us here at GM-Volt.com, other outspoken electric car advocacy [...]

Posted by: Lyle with 91 Comments

Government Asks GM to Prepare for Bankruptcy, Don’t Worry Volt Will be Fine

April 13th, 2009 | Posted in: Financial, Politics with 126 Comments

The New York Times reports that the Obama administration has asked GM to prepare to enter bankruptcy on June 1st. We have known this would be the plan ever since Obama made his announcement last month, and is expected to occur if bondholders and the UAW did not agree to concessions exchanging [...]

Posted by: Lyle with 126 Comments

Geithner Says GM Will be Part of Country’s Future, and 2010 GMC Terrain Previewed

April 5th, 2009 | Posted in: Brand, Financial, Politics with 66 Comments

If at this point any doubts remain, US Treasury Secretory Timothy Geithner went on CBS’ Meet the Press on Sunday and proclaimed “GM is going to be part of this country’s future.”
“We want to see a strong automotive industry emerge from this recession,” he said, also indicating the government needs to assure that GM “can [...]

Posted by: Lyle with 66 Comments

White House Pleased with New GM CEO Fritz Henderson Who is Pondering Quick Bankruptcy

April 4th, 2009 | Posted in: Financial, Politics with 111 Comments

The Obama administration believes CEO Fritz Henderson represents change for GM.  White House economic adviser Austan Goolsbee said GM’s new CEO Fritz Henderson was “considering all the various options to make it a viable plan going forward and to avoid an uncontrolled liquidation,” and that “it’s clear he’s embracing a change of direction and they’re [...]

Posted by: Lyle with 111 Comments

Chevy Volt Will Not be Cut by Obama!

April 2nd, 2009 | Posted in: Financial, Politics with 72 Comments

Recently there has been a lot of discussion about the Auto Task Force’s evaluation of GM’s business case. A certain paragraph led many to speculate that the Chevy Volt could be in jeopardy in the case of a a likely “clean rinse” or “quick surgical bankruptcy” where GM’s bad assets were cleaved off [...]

Posted by: Lyle with 72 Comments

New GM CEO Fritz Henderson Says “We Will Get the Job Done”

April 1st, 2009 | Posted in: Financial, Politics with 161 Comments

GM was given 60 days by the White House to solve its financial problems and become viable.
But lets face it, 60 days isn’t a lot of time. GM already had 90 days, since last December to try once and they didn’t make it.
On Tuesday, Rick Wagoner’s replacement as CEO, Fritz Henderson told reporters “We’ll [...]

Posted by: Lyle with 161 Comments

Bob Lutz: Volt Will Survive and Propser

March 31st, 2009 | Posted in: Financial, Politics with 249 Comments

We are bearing witness to an apocalypse of world finance. Square in the eye of the storm is the auto industry.
Its hard to fathom the events of the past 24 hours. The President of the United States fired GM CEO Rick Wagoner, and though he specifically said the government “has no intentions of [...]

Posted by: Lyle with 249 Comments

Obama: GM Gets 60 Days to Restructure, Otherwise Quick Surgical Bankruptcy

March 30th, 2009 | Posted in: Financial, Politics with 216 Comments

GM President and COO Fritz Henderson will be replacing Rick Wagoner as CEO who will be stepping down at the Obama administrations request, in order to give GM a new fresh start.
The Auto Task Force decided that they do not believe GM nor Chrysler have met the restructuring goals that were required as of March [...]

Posted by: Lyle with 216 Comments

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