bailout

All are looking good for now... but it depends As you probably know, Chrysler has reported its best quarterly profits in 13 years, has just introduced a very nice new Dodge Dart compact sedan and continues to gain sales and market share. GM has also been highly profitable with a string of solid ...

When U.S. Secretary of Transportation Ray LaHood opened the Detroit Auto Show last week and said that the Chevrolet Volt was, "obviously the kind of green car Americans are looking for," it was a slightly self-serving statement. After all, the government that LaHood works for owns a large share ...

GM and Chrysler may have gotten government help totaling almost $40 billion, but that money does not come with strings attached demanding that the two companies build electric or high-mpg cars. Government task force head Ron Bloom told ...

Here's Elon Musk, speaking in March (and just published in Car and Driver): While the U.S. federal government needs to step in and guarantee the ...

GM's updated business plan, released yesterday, says that the company hopes to build three new hybrid models, including two Chevy Volt spin-offs, using $2.6 billion in loans from the U.S. government. General Motors is asking for the money as part of the DOE program to help companies develop and ...

"I hope GM goes bankrupt," said the young California man in the Japanese restaurant. Really? Why? "Because I hate the UAW," he responded, ignorantly equating America's largest automaker to its most powerful union. I guess, like so many Americans, he was unaware, or didn't care, that hundreds of ...

Ethanol may be the worst type of renewable energy, but that won't stop the industry from attempting to participate in the new bailout culture of the United States. A story in the Wall Street Journal says that the industry's lobbying group, the Renewable Fuels Association, is asking for a $1 billion ...

Tesla isn't the only electric-car company angling for some of the "bailout" billions. A couple of newly-hired execs over at ZAP! have opinions about who should get some of the money (Yeah, it came as a shock to us too) that Washington seems willing to dish out to Detroit auto makers. Rodger L. ...

We learned earlier today that Norwegian electric automaker Th!nk had requested a handout from the Norwegian government. We've now heard that the government is not likely to give the EV maker any money. According to a translation of a piece in the Norwegian news source Dagbladet by AutoblogGreen ...

After yesterday's good news regarding delivery of the 100th Tesla Roadster, it's back to number-crunching reality. Tesla CEO Elon Musk told the Detroit Free Press that if the electric car maker doesn't get a $350 million loan from the government, then the Model S will be delayed and San Jose plant ...