Posts Tagged ‘Bailout’

U.S. Treasury hires lead bank for General Motors IPO


U.S. Treasury hires lead bank for General Motors IPO

As announced yesterday, GM will soon have a bank’s support in their attempt at getting the public listing they have been seeking for quite some time.

Wall Street Stock Market

The announcement of a choice being made came even sooner then expected as today the U.S. Treasury made public the name of the bank chosen for the task at hand.

According to The Detroit News, the U.S. Department of the

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Chrysler repays 1.9 billion to the U.S. Government


Chrysler repays 1.9 billion to the U.S. Government

We all know that the news from Detroit’s Big Three don’t always come in to put a smile on everyone’s face and Chrysler is the one that has been seeing less of the good type lately. However, a recent announcement from the U.S. Government may be proof that the hope Sergio Marchionne has been talking about still exists.

Chrysler's Auburn Hills Headquarters

The United States Treasury Department

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Feds Want Out Of The Auto Business As Soon As Possible


Feds Want Out Of The Auto Business As Soon As Possible

On numerous occasions, de facto Car Czar Steven Rattner has said that neither he nor the U.S. government wants to be in the auto business--at least not for long. Those sentiments were reaffirmed yesterday when Rattner indicated that the feds are planning to sell off their 60.8% stake in the New GM as soon as possible.

In its race to exit the auto industry, the government probably won't receive a terrifically high return on the loans it has made to General

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Ford Has Officially Buffed Its Brand


Ford Has Officially Buffed Its Brand

Way back in December, at the beginning of the Chrysler/GM bailout, back when everyone was afraid to utter the word "bankruptcy", the third member of Detroit's Big Three saw opportunity--specifically, the opportunity to make itself shiny and new. In much of Ford's PR, the company expressed sympathy for its failing rivals while simultaneously refusing bailout dough. We saw that for what it was: a not-too-subtle re-branding campaign, and it's proven awfully successful.

To illustrate, here's some data

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Is A Higher Gas Tax The Way To Pay For Road Repair?


Is A Higher Gas Tax The Way To Pay For Road Repair?

Every now and then, one of our posts sparks a nice online discussion. Typical topics: the fate of General Motors after the government bailout, whether hybrid cars are for conscientious citizens or effete wimps ... and, of course, taxes.

Yesterday, we asked GreenCarReports.com readers to weigh in on a challenge facing the funders of highway and bridge repair all across the country. The problem is that as average gas mileage rises, less gasoline will be bought, so gas tax revenue will

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Louisiana Balks At Licenses For New GM Dealers


Louisiana Balks At Licenses For New GM Dealers

In a move that's sure to please certain talk show hosts pushing for a GM boycott, the Louisiana Motor Vehicle Commission has said that auto dealers for the new General Motors might not be granted licenses to operate in the state.

In a nutshell, LMVC executive director Lessie House is opposed to language in the letters of participation that General Motors recently sent to its dealers in Louisiana (the ones it isn't cutting from the network). In the letters, GM indicates that the U.S.

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Car Gadgets, An Angry Range Rover Owner, And Amazing Motorcycle Maneuvering


 Car Gadgets, An Angry Range Rover Owner, And Amazing Motorcycle Maneuvering


The PowerLine PowerCup inverter

The PowerLine PowerCup inverter

♦  Hate your car? Tired of making endless repairs? We've all been there. However, few of us have taken the ballsy step of plastering our car with lettering like "If you want trouble free motoring

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Smart Fortwo Loses In Court, Police Love Lambo Gallardos, And Please, No More Hipster Videos


 Smart Fortwo Loses In Court, Police Love Lambo Gallardos, And Please, No More Hipster Videos

♦ At left, you see the Smart fortwo and its lower-priced doppelganger (i.e. Chinese knock-off), the Shuanghuan Noble. But which is which? To Daimler's dismay, a Greek court has ruled that informed buyers totally know the difference, so Shuanghuan is clear for takeoff. But let's see Shuanghuan try that in France. [WorldCarFans]

♦ Policemen and policewomen of America: we know you were crushed to hear that you'd lost

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