Yet Another Government-Backed Car Company Has Failed

The U.S. Department of Energy's Advanced Technology Vehicles Manufacturing program, which floated taxpayer-funded loans to Fisker Automotive and four other companies, has been taking a lot of heat lately in the wake of Fisker's troubles. Critics now have another reason to be angry: The Vehicle Production Group. » 5/08/13 2:23pm 5/08/13 2:23pm

How You Should Feel About Fisker Depending On Your Political Views

Members of the House Oversight and Government Reform Committee today took turns alternately hammering or defending the U.S. Department of Energy's loans to sinking hybrid manufacturer Fisker Automotive. Not much was revealed about Fisker's current status, but there was plenty of what Congress is best at: partisan… » 4/24/13 7:04pm 4/24/13 7:04pm

$70 Million For NASCAR Tracks And Other Surprising Pork In The Fiscal…

Unless you've been nursing a hangover so intense that it has kept you away from the news in recent days, you probably know that the U.S. House voted late yesterday to approve legislation that would avert the so-called "fiscal cliff." The bill was sent to President Obama today for his signature. » 1/02/13 1:20pm 1/02/13 1:20pm

These Are The Carmakers At The Detroit Auto Show Supporting SOPA

The Stop Online Piracy Act is a bill currently before the U.S. Congress that would limit free speech online under the guise of protecting copyrights, which "is one of the most insidious threats to democracy in the Internet age." Strangely, one group supporting this legislation is the Alliance of Automobile… » 1/08/12 5:45pm 1/08/12 5:45pm

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…

President-Elect Obama: No Blank Check For Automakers

One of the first questions President-Elect Obama received at a major economic press conference held today related to the auto industry and, after stock comment about the importance of the industry and the responsibility of the government to assure it doesn't vanish, Obama makes the point they can't simply write a… » 11/24/08 2:30pm 11/24/08 2:30pm

Congress Gives Not-So-Big Three An Ultimatum

After some members of Congress excoriated the leaders of the not-so-Big Three for wasting money » 11/21/08 11:00am 11/21/08 11:00am and not planning for their future, leadership from the Senate and House said they wouldn't give the automakers billions of dollars until they came up with a plan for not wasting money and setting up their own future.…