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

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