GM Knew Pontiac Was On The Ropes Before The Feds Ordered It Killed

Over the weekend, former General Motors Vice Chairman Bob Lutz dropped a bombshell on car enthusiasts and policy wonks when he revealed for the first time that the federal government told GM to drop Pontiac or they wouldn't get a bailout. Enthusiasts may balk, but this was the common sense idea — and even GM knew it. » 10/29/13 2:50pm 10/29/13 2:50pm

Detroit Mayor Says “Not Yet,” When Asked About Federal Bailout

The city of Detroit is in a bad, bad way. Its austerity-driven emergency manager Kevyn Orr finally took the city into bankruptcy earlier this week, nullifying several municipal contracts and essentially looking to push the reset button on an entire working-class American city. » 7/21/13 7:58pm 7/21/13 7:58pm

STUDY: Each New GM Vehicle Costs Taxpayers $12,200

A study by the obviously pro-government National Taxpayers Union claims each new GM vehicle costs the average taxpayer $12,200. Their bizarre assumptions and our analysis below. » 11/19/09 10:30am 11/19/09 10:30am

So, to quote Pete Sepp of the NTU, "Every time someone in your neighborhood drives home in a shiny new Chevy Silverado, remember that it…

Everyone's Using The "B-Word" Except The Not-So-Big Three

After scrutinizing not-so-Big Three CEO's testimony before the Senate yesterday to see who would and would not utter the dreaded "b-word" we noticed a pattern. Everyone was willing to publicly acknowledge the possibility except the chairmen of Ford, Chrysler and GM. If you don't say it, it can't happen right? hat tip… » 12/05/08 2:00pm 12/05/08 2:00pm

Grading The Not-So-Big Three's "Bailout" Plans

We spent the night reading the the not-so-Big Three's business plans presented yesterday to Congress and after we graded them below, we've one huge question. Given the Carpocalypse, what's with the overwhelmingly optimistic sales projections for the next three years? » 12/03/08 10:00am 12/03/08 10:00am

12.5 / 11.0 / 10.5 million units 14.5 / 12.5…