The Catch 22 That I Think Prevented Taxpayers From Recouping GM Money

This is The Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place at 9:30 AM. Or, you could spend all day waiting for other sites to parse it out to you one story at a time. Isn't your time more important? » 12/16/13 9:30am 12/16/13 9:30am

The Government Will Actually Make Money On Bailout, No Thanks To GM

This is The Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place at 9:30 AM. Or, you could spend all day waiting for other sites to parse it out to you one story at a time. Isn't your time more important? » 11/22/13 9:30am 11/22/13 9:30am

Taxpayers Spent $1.4 Million For Every Cash For Clunkers Job Created

Say, remember a few years ago when the government was giving people money to ditch their old car in exchange for something shiny and new? It saved the American car industry and fixed the environment, right? According to new report by the Brookings Institution think tank in D.C., the answer is "kinda, but not really." » 11/01/13 1:40pm 11/01/13 1:40pm

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

Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says

When General Motors shut down Pontiac, it left a lot of enthusiasts wondering why. It was primed with a lineup of powerful, rear-wheel drive models, and seemed like it had a bright future ahead of it. It turns out that GM killed it on government orders, according to former GM Vice Chairman Bob Lutz. » 10/26/13 4:54pm 10/26/13 4:54pm

Bailed Out GM Executives Got 'Excessive Pay' According To Watchdog

The government auditors responsible for monitoring the Trouble Asset Relief Program (i.e. TARP) say executives at three companies received pay that was "excessive" given the guidelines outlined in the program, including employees of GM and Ally (formerly GMAC). » 1/28/13 4:00pm 1/28/13 4:00pm

Surprise! 'Cash For Clunkers' Was Really Bad For The Environment

Remember "Cash for Clunkers," that program implemented in 2009 where the federal government was giving people money to buy shiny, fuel-efficient new cars if they traded in their old gas-guzzling clunkers? It was supposed to be a win-win situation for both the environment and America's struggling economy. » 1/06/13 1:00pm 1/06/13 1:00pm

Clint Eastwood's Chrysler Super Bowl Ad If America Just Quit

Chicago's Second City takes on the Clint Eastwood Super Bowl ad and ponders a world where we'd given up on Chrysler. "It's halftime in America, and playing two halves is asking a lot. So, good game." » 2/08/12 10:00am 2/08/12 10:00am

Clint Eastwood Doesn't Think We Should Bail Out Car Companies Like…

The Clint Eastwood Super Bowl Ad was a pep talk for Detroit and a threat to those people who don't think automakers like Chrysler are capable of making a comeback. People like Clint Eastwood, who voiced his opposition to the auto bailout in very clear terms just a few months ago. » 2/06/12 3:00pm 2/06/12 3:00pm

GM might try to kill Saab, again

Less than two weeks ago it looked like Saab was finally close to selling itself to the Chinese and thus saving the brand, again... maybe. At least a few more months. Not so if GM has its way. Oh my God! They killed Saab again! You Bastards! » 11/07/11 3:30pm 11/07/11 3:30pm