Steven Rattner Leaves U.S. Treasury as Ron Bloom Takes over the President’s...
Steven Rattner the head of the Presidents' Auto Task Force has resigned, according to a statement just issued by Tim Geithner, Secretary of the U.S. Treasury. Taking over as the head of the Task Force...
View ArticleGM, Ford Could Soon Be Profitable
GM and Ford could soon be reporting profits, industry experts projected, during a confab in Traverse City, Michigan. That could be good new for taxpayers once the government begins to sell off stake in...
View ArticleCar Czar Adds Manufacturing to Job Requirements
The latest development could be the first step towards a cabinet level department that looks after U.S. manufacturing interests and the middle class jobs it once created. The U.S. is the only...
View ArticleU.S. Automakers’ Recovery “Ahead of Plans,” Says Obama’s Car Czar
Touring the Detroit Auto Show, U.S. car czar Ron Bloom said the administration is pleasantly surprised that the turnaround at GM and Chrysler is "ahead of plans." More from TheDetroitBureau.com.
View ArticleBye-Bye Car Czar
The last-minute budget compromise that kept the federal government going will take its toll on the auto industry – among other things eliminating the “car czar” position that helped the White House...
View ArticleChrysler Celebrates “Second Chance”
Defying those who had placed "a death sentence on our company," Chrysler CEO Sergio Marchionne announced the maker had paid off $7.5 billion in government loans and began the next chapter in its...
View ArticleFormer Car Czar Will Testify About Abandoned Delphi Pensions
Former auto czar Ron Bloom will be facing some tough questioning on the GM bailout and Delphi bankruptcy, a Congressional subcommittee planning to ask why 70,000 Delphi retirees lost much of their...
View ArticleCar Czar Bloom Leaving White House
One of the key figures in the bailouts that saved Chrysler and General Motors – and a driving force behind the compromise that will nearly double U.S. automotive fuel economy standards – is leaving his...
View ArticleChrysler Operating Earnings Could Near $2 Billion
Barring an unexpected surprise, Chrysler is expected to report as much as $2 bil in operating profits while going into the black on a net basis for all of 2011. That would mark the first full-year in...
View ArticleNew Film Reveals the Reality of the Auto Bailout
It had once seemed impossible, but in 2009 it became clear that GM - and Chrysler - were heading for bankruptcy. They were saved only with the help of $62.5 bil in federal aid. What went wrong? Who was...
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