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more about #obama more comments → pauljones: I'm so going to buy a Silverado just to piss my neighbor off. more » RachelSklar: See, THIS is why I don't drive! more » mechimike: I think the only reason GM's able to start paying back the loans so quickly is simply they borrowed more than they needed to. Probably so they could ... more » lilwillie: Politics is like a piss poor Magic show, not only is the show bullshit, even the slight of hand by both sides use is complete bullshit. more » smalleyxb122: Incorrect. The cars are commodities, of which none are sold for less than the price of materials, therefore any monetary loss is associated with labo... more » brandegee: Quick. Everyone buy an Aveo just to spite the taxbuyer. "Look at this! Look at it! Yeah, that's right! This pile of misery cost you 12 Grover Clevelan... more » Alfisted: Compared to how much each Tesla will cost us, this is a bargain. more » Das ASHloch (achtundsiebzig): Another brilliant treatise from our friends at the Facepalm von Mises Institute. more » Mobius: No wonder the CTS-V is such a performance bargain(!) Hopefully, GM will learn the lesson and not stagnate. Next time, the taxpayers won't be so willi... more » mytdawg: Why the hell can't we outsource these morons? I want to see these studies coming from Indochina pronto. In mangled English of course. Like the old ... more » ☠Grяrяrяrяrя, portrait of a chickenwolfmoosepig.: That's easy. All we have to do is double the size of a gallon. more » duurtlang: 35.5? We've almost got that already on this side of the pond. I'm quite sure it's way above 30 at this moment. more » Paul Y. don't drive too fast.: You know, if we just had safety and emissions standards that matched up with the rest of civilization, this would be a nonissue. more » TTopJohn: Here's hoping for some loopholes big enough to drive a Suburban through. Or at least a Camaro SS... more » AmishJohn: Meet the new boss. Same as the old boss. more » -
#carpocalypse
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. More » -
#industrynews
President Obama unveiled new, unified fuel standards today: 35.5 MPG fleet-wide by 2016. [Forbes]
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#nascar
Jimmie Johnson Visits White House, Gives President Tips On Turning Nation Left
President Obama is congratulating Jimmie Johnson today on turning left better than any other NASCAR driver. In return, he was given this car, which was, in turn, given to Joe Biden. -
#carpocalypse
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?
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#cashforclunkers
Senate Passes Watered-Down Cash For Clunkers Bill, Heads To President Next
In a 91-5 vote, the U.S. Senate passed a scaled-back $1 billion "Cash For Clunkers" bill. Democrats beat back a Republican attempt to strip the proposal from a $106 billion military spending package. President Obama's expected to sign it. [AutoNews] -
#carpocalypse
The Obama administration's reportedly turned down auto-parts suppliers request for $10 billion in aid. [WSJ]
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#carpocalypse
President Obama: We Don't Want To Own The New GM
President Obama stressed today he doesn't want to own the "New GM" or run the company. Also, they'll still support "New GM" warranties so have no fear, buy a Malibu. More » -
#carpocalypse
GM To Declare Bankruptcy Monday, Chief Restructuring Official Named
GM will officially declare bankruptcy tomorrow morning before the markets open. Additionally, the Obama Administration has put turnaround expert Al Koch in charge of, well, turning the company around. Fritz Henderson will remain GM CEO. More » -
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#ifeelgassy
Ballyhoed New CAFE Standards Riddled With Hummer-Sized Loopholes
When Obama unveiled new fuel standards we decried the end of fun cars and pointed out how far most automakers are from meeting new-for-2016 fuel standards. It turns out, thanks to Hummer-sized loopholes like your car's air-conditioning, automakers should be able to meet them with little fear. More » -
#ifeelgassy
No Automakers Meet Obama's New Fuel Economy Standard
The just-announced fuel economy policy changes demand 39 MPG for cars and 30 MPG for light trucks. A look at the data shows not a single automaker currently meets the new guidelines proposed today. Update. More » -
#ifeelgassy
Obama To Announce New Fuel Economy, Emissions Standard Tomorrow
According to Politico, the Obama administration's announcing a new national auto standards policy for 2016. The plan supposedly marries U.S. fuel economy and emissions standards to California polices and be supported by automakers and policymakers. More » -
#carpocalypse
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. More » -
#industrynews
President Obama, Congress Reach "Cash For Clunkers" Agreement
We're told the White House and Democrat Congressional leaders have reached an agreement on the so-called "Cash For Clunkers" bill, sending lovers of Malaise Era steel into a complete panic. [Reuters] -
#carpocalypse
Chrysler lenders to challenge Obama plan. Yeah, good luck with that. [BBC]
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#carpocalypse
Obama To Announce Chrysler Bankruptcy Tomorrow - REPORT
Bloomberg's reporting President Obama plans to officially announce a Chrysler bankruptcy tomorrow if they cant get things together by then. We don't have more details other than the 17-word wire service report. [Bloomberg via StreetInsider] -
#trains
Obama's Crazy-Ambitious Plan for High-Speed Rail Lines in America
Europeans and Japanese already enjoy high-speed rail service, but Americans are woefully dependent on cars and planes to get from city to city. Not for long, if Obama has anything to say about it. [Gizmodo] -
#ifeelgassy
CAFE: Fuel Economy Standards To Increase 8% To 27.3 MPG For 2011
The U.S. Transportation Department today will mandate the first passenger car fuel economy increase since 1975. The 2011 model year will require a fleetwide 8% increase above 2010 model year requirements to 27.3 MPG.
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#industrynews
Obama To Leno: Electric Cars Are The Future
President Obama was on The Tonight Show talking cars with Jay Leno, who knows a little about the subject. The future of the American car industry according to Obama? Electric cars. Who knew? -
#tesla
Obama Drives Past Tesla Showroom, Doesn't Crack Automaker Special Olympics Joke
Yes, that is "Cadillac One" driving past Tesla's West Los Angeles showroom yesterday and no, President Obama did not stop in for a test drive. [Green Car Advisor] -
#chevyvolt
ABC Detroit Affiliate Catches Obama's Task Force Driving Volt Mule
Channel 7 WXYZ, Detroit's ABC affiliate, managed to capture President Obama's auto task force driving the plug-in Chevy Volt mule during their visit to GM's suburban Detroit Technical Center today. More »
