Why GM's IPO Sales Pitch Begins The Day After The Election

General Motors won't start the hard sell of its shares to investors, called a "road show," until Nov. 3, one day after mid-term elections, and the actual IPO now expected Nov. 18. Why? Politics, of course. » 9/02/10 10:00am 9/02/10 10:00am

Steve Rattner Resigning As "Car Czar" To Spend More Time With His Money

Treasury Secretary Geithner announced today Steve Rattner, former Wall Street financier worth more than $188 million, is stepping down after five months in Washington as the President's "car czar." He does know the U.S. automakers ain't fixed yet, right? » 7/13/09 4:40pm 7/13/09 4:40pm

Obama Knows... How Much Chrysler Should Spend On Advertising

President Obama's Auto Task Force cut Chrysler's planned bankruptcy marketing budget, $134 million for nine weeks of advertisements, in half. Apparently the Obama Administration's like Bo Jackson from those old Nike "Bo knows" commercials. » 5/12/09 2:00pm 5/12/09 2:00pm

Obama Auto Task Force Lead Advisor Claims "Bankruptcy Is Not Our Goal"

In an interview today, Steven Rattner, lead advisor for President Obama's Auto Task Force, gave the first public statement about the group's mission when he said "bankruptcy is not our goal" for GM and Chrysler. » 3/16/09 1:30pm 3/16/09 1:30pm

GM Reports $9.6 Billion Loss In Fourth Quarter, 2008 Loss Of $30.9…

GM just announced a preliminary fourth quarter 2008 net loss of $9.6 billion, bringing the net cash hemorrhaged for all of 2008 to $30.9 billion. » 2/26/09 8:15am 2/26/09 8:15am