Taxpayers Only Lost $9.26 Billion On Auto Rescue Which Is Actually Good

This is The Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place every weekday morning. 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? » 12/30/14 9:43am 12/30/14 9:43am

The Government Will Only Lose About $10 Billion On GM Shares

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? » 10/29/13 9:30am 10/29/13 9:30am

GM Wants To Pay CEO Dan Akerson $11.1 Million... Or Do They?

This is The Morning Shift, our one-stop daily roundup of all the auto news that's actually important — all in one place at 9:00 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? » 2/26/13 9:24am 2/26/13 9:24am

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

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. » 11/19/09 10:30am 11/19/09 10:30am

So, to quote Pete Sepp of the NTU, "Every time someone in your neighborhood drives home in a shiny new Chevy Silverado, remember that it…

The Bailout In Perspective: How Many Bugatti Veyrons Is $700 Billion…

The U.S. government TARP program's spending $700,000,000,000 of taxpayer dollars to bailout Wall Street and the not-so-Big Three. Let's put it into perspective. What would that look like in cars? » 3/13/09 5:00pm 3/13/09 5:00pm

When Politics Trumps Business: The Case For Carmaker Corporate Jets

One of the conditions the government stipulated in agreeing to loan money for GM and Chrysler was both companies must eliminate their corporate jets. Sounds good until you know how important they really are. » 12/19/08 2:20pm 12/19/08 2:20pm

The GM, Chrysler Federal Bailout By The Numbers

Both GM and Chrysler hit the federal jackpot this morning, avoiding the wrath of the Carpocalypse for a little longer. We break down the numbers below the jump. » 12/19/08 11:00am 12/19/08 11:00am

100 Auto Suppliers Want In On Hot Bailout Action

Smelling the sweet scent of taxpayer blood in the water, nearly one hundred automotive suppliers have signed a petition seeking access to the $3.5 trillion » 11/17/08 2:59pm 11/17/08 2:59pm granted under the Troubled Asset Relief Program (yes they're covering the problem with a TARP) the US government handed over to the financial industry with little…