Archive for the 'Politics' Category
Leaders of Congress Now Beseech Treasury to Assist GM, Ford, and Chrysler
In the latest step in the sorrowful saga that might just be the endgame for GM, Ford, and Chrysler, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid sent a letter to Treasury Secretary Henry Paulson.
This letter was sent Saturday on the heels on the meeting they had with the CEOs of the three [...]
Popularity: 2%
Obama May Help GM, and CEO Says Bankruptcy Still Not an Option
The recent GM financial news is truly sobering. This site was begun to follow the Volt to development and demonstrate to GM the public demand for such a vehicle. When the site began in January 2007, I didn’t realize it would evolve into this intense financial discussion. GM agreed to build the Volt, but now [...]
Popularity: 2%
Obama Elected President: Has Promised to Sit Down With GM Immediately
Barack Obama was elected president of the US yesterday. He is faced with many major problems that need resolution.
One of them is the fate of GM and the Volt.
October auto sales figures showed a 45% drop for GM, which led for the first time GM executives to openly describe the situation as “unsustainable” and [...]
Popularity: 2%
Along With Wall Street Bailout, Plug-in Car Tax Credit is Passed: Chevy Volt Now $7500 Less
GM and the Chevy Volt turned up three “7s” on the Congressional slot machine. First, automakers got the $25 billion in low interest government loans. Second, the Wall Street bailout will likely help the beleaguered auto industry. Third, plug-in tax credits have now been signed into law.
The now passed by the House [...]
Popularity: 3%
GM Welcomes Chrysler to Join Them in the Electric Car Future
Earlier this week Chrysler attempted to shock the world by displaying three new production-intent electric and range-extended electric vehicles. Word was also out that the automaker was in advanced talks with A123 Systems to develop automotive batteries and had formed a strategic partnership with GE.
Chrysler must have been interested in sharing some of the publicity [...]
Popularity: 2%
One Step Towards a Cheaper Volt: Senate Passes Plug-in Tax Credit
US lawmakers certainly have their hands full these days. Somehow in the midst of wrangling with the fed over the massive Wall Street bailout plan, the Senate managed to pass a wide-ranging tax bill on Tuesday.
Included in the package is a new tax credit for people who buy plug-in electric cars. The credit starts at [...]
Popularity: 2%
GM CEO to Washington: Im Not Asking for a Bailout
Today GM’s CEO Rick Wagoner has been addressing the senate energy committee, encouraging them to appropriate $3.8 billion funds that would allow automakers to receive at least $25 billion in low-interest government loans.
Wagoner told lawmakers “I’m not here today asking for any bailouts,” and “we need to approve the ($3.8 billion) appropriation to authorize those [...]
Popularity: 3%
Washington Likely to Give GM Loan To Help Build Electric Cars
The US auto industry is going through especially difficult times as sales have plummeted along with the sagging economy and rising gas prices. The Detroit 3 have been struggling to make ends meet, and have been hemorrhaging money. Although GM has plans for maintaining liquidity into 2010, time for a hopeful turnaround, they, [...]
Popularity: 3%
Lutz: GM Deserving of Government Loans
As we follow the Volt’s progress there is always a palpable sense of urgency as GM remains unprofitable and continues to burn through cash at a considerable rate. Especially problematic for them has been the dramatic rise in gas prices and precipitous plunge in truck and SUV sales from which most of their profit comes.
Chairman Wagoner [...]
Popularity: 2%
Saving General Motors
Unless you live under a rock, you are likely aware that US automakers GM, Ford, and Chrysler are under tremendous financial duress.
Having to do with a catastrophic drop in consumer demand for cars, and trucks in particular, GMs North American revenue dropped by $10 billion in the first half of 2008 while they lost [...]
Popularity: 5%
Obama Promises $7000 Plug-in Tax Credit, $3 Billion to US Automakers, and Mentions the Volt by Name
Two weeks ago when John McCain was given a personal tour of the Chevy Volt by top GM executives and I covered it here, I received criticism of displaying political bias.
Today Barack Obama gave a speech in Lansing Michigan. He set a plug-in car production goal for America of “1 million 150 mile-per-gallon plug-in [...]
Popularity: 5%
McCain: Eyes of the World are on the Volt
After getting his personalized VIP Volt tour, presumptive Republican presidential candidate Senator McCain spoke to about 500 GM engineers at the Technical Center in Warren, MI. He had apparently spent about 10 minutes at the Volt design display including getting into the concept car. In attendance were CEO Rick Wagoner, Vice Chairman Bob [...]
Popularity: 8%
Recent Posts
- Automakers Are Running Out of Time
- Auto Company CEO’s Testify Before the Senate
- Are Chinese Automakers Considering Buying GM and Chrysler?
- The Automaker Bailout Congressional Debate Has Begun
- Production Volt Interior Further Refined: Center LCD Screen, Center Stack Buttons, and Vents
- GM CEO Calls Chapter 11 Bankruptcy Filing a “Fantasy”
- How the Chevy Volt is Expected to Beat the 100 MPG Designation
- Pelosi Lays Out Conditions For Automaker Aid
- Auto Bailout Bill Will be Brought to Senate on Monday
- GM-Volt.com Letter to the US Government
