AP: In testimony before Congress on Tuesday, General Motors CEO Mary Barra apologized to victims and family members affected by it’s defective ignition switches, but was short in her answers to questions from the committee. (April 1)
Michael Moore doesn’t believe in the death penalty, even in horrific murder cases or other stomach-churning acts. The far-left filmmaker will make an exception to his anti-death penalty stance, though. He wants the GM executives responsible for preventing a recall
New General Motors CEO Mary Barra will testify before Congress Tuesday about why it took so long for GM to issue product safety recalls involving faulty ignition switches that caused air bags to fail in crashes, contributing to thirteen deaths.
Last week, a New York Times analysis of General Motors federal crash data found that 303 people died when their air bags failed to deploy in two GM models that were recalled early this year. Then on Friday, GM got
If you think the Kennedy dynasty seems to have lasted forever, that’s nothing compared to Michigan’s 12th congressional district, where Democratic Congressman John Dingell, Jr., 87, who succeeded his father in 1955 and is the longest serving Congressman in U.S.
Is President Obama really this ignorant of business and economics? Telling American employers to raise their wages sounds innocent enough, but it ceases to be innocent when people lose their jobs as a result. In his State of the Union
This year, Citizens United celebrates ten years in the conservative filmmaking and documentary business. We had the honor to work with Breitbart’s Executive Chairman Steve Bannon who directed and wrote Occupy Unmasked back in 2012. The film featured Andrew Breitbart and
Bloomberg BusinessWeek is reporting that newly minted General Motors CEO Mary Barra, the first woman ever to captain an American automaker, will attend tonight’s speech as a guest of Michelle Obama’s: Mary Barra, who took the reins as General Motors
Ford was famously the one Detroit-based automaker that did not take any federal bailouts from Barack Obama and now, for some unexplainable reason, one of its executives has gotten the personal thanks of no less than Vice President Joe Biden.
(AP) Chinese biz to put plant at former Ohio GM siteBy ANN SANNERAssociated PressCOLUMBUS, OhioA Chinese company will build an automotive glass-making plant in southwest Ohio, creating about 800 jobs and revitalizing a former General Motors factory site, officials said
Barack Obama covered himself with praise in a statement released on the White House website trumpeting his success in bailing out the auto industry. There’s just one little problem with Obama’s rose-colored view: he never admitted that taxpayers lost $10
In response to Ezekiel Emanuel’s Lazy Standards for Success: The nonsense spewed by ObamaCare apologists is an interesting contrast with the crushing burden of the hyper-regulatory State. I’ll bet lots of private companies wish they could just B.S. their way
(AP) Thailand cuts interest rate amid political strifeBANGKOKThailand’s central bank unexpectedly lowered the cost of credit Wednesday as escalating protests to topple the government add to pressure on the economy. The Bank of Thailand said it lowered its policy interest
A new report given to Congress on Tuesday reveals that the federal government bailout of General Motors is going to end up costing the U.S. taxpayers billions of dollars once the feds sell their share completely. In October, the U.S.
Detroit’s Mayor-elect Mike Duggan appeared at his first press conference yesterday to discuss his plans for the bankrupt city. During his remarks, he expressed his frustration at the discussion of his skin color during the mayoral race. “I resent it.
On Friday, General Motors reported its monthly sales figures for October. Overall the auto company said it sold 33,000 more cars this October, compared to the month last year. Overall sales increased just over 15%, beating Wall Street expectations. Tucked
Event data recorders, also known as “black boxes,” are now at the center of an argument as to how to raise money for maintaining America’s highways. California has plans to use the boxes to track every mile driven by motorists
By TOM KRISHERAP Auto WriterAUBURN HILLS, Mich.When you’ve got the smallest marketing budget of the Detroit Three automakers, you have to take risks to get your TV spots noticed. That’s why Olivier Francois, Chrysler’s marketing chief, gambles a lot. He’s
(AP) US retail sales up 0.2 percent in JulyBy MARTIN CRUTSINGERAP Economics WriterWASHINGTONU.S. retail sales edged up in July despite a drop in auto sales. A category of purchases that excludes the most volatile areas rose by the most in
After nearly four years of delay from President Barack Obama’s administration of multiple congressional committee investigations, the House Committee on Oversight and Government Reform Chairman Rep. Darrell Issa has served subpoenas on the Treasury Department over the Delphi pension scandal.
Last year, CEO Dan Akerson told Detroit News that if they can average 2,000 or 3,000 Chevy Volt sales a month, all the criticism of the Volt would “fade to black.” So let’s check in with some sales figures to
You can be forgiven if you’ve forgotten about the Dephi pension scandal of which the Romney campaign tried to make an issue in the presidential campaign, last year. There are too many scandals for even conservative bloggers to keep up
The bankruptcy of the City of Detroit is a historic event for many reasons. In financial terms, it is an event of default for municipal bonds measured in billions of dollars. Reuters reports the law firms specializing in municipal bankruptcy will
Now that Barack Obama has admitted Detroit is going bankrupt, let us take a trip down memory lane to remember the fairy tale Obama and his defenders in the media promulgated that he saved Detroit. The Daily Beast, August 14, 2010, “Obama
General Motors Co. (GM) announced on Wednesday that it will spend $691 million to build and expand its factories in Mexico. GM Mexico President Ernest Hernandez said the move will boost Mexican employment and development. “The automotive sector is today
In 2009, as the Obama administration pressed through its version of the auto bailout, creditors of companies like General Motors were squeezed into accepting repayments of just pennies on the dollar. The deal was supposed to save Detroit. Instead, creditors
General Motors launched a cross country campaign with the U.S. Chamber of Commerce on Wednesday promoting “free enterprise.” GM will provide a 2013 Chevy Traverse for two “Tour Guides,” writer Joe Epstein and Huffington Post reporter Nate Hindman, to travel to over
(AP) Family: Michigan woman, 33, killed in Syria fightFLINT, Mich.The family of a 33-year-old Michigan woman says the FBI confirmed Thursday that she was killed in fighting in Syria. She was identified as Nicole Lynn Mansfield of Flint. Her cousin,
Andrew Stuttaford at National Review highlights an interesting report on The Center for American Progress (CAP), the progressive think tank most closely associated with President Obama’s administration. Among other things, they publish the progressive blog Think Progress. CAP is partly
Two Congressmen are asking the Treasury Department if it inappropriately scrutinized conservative-owned businesses the same way it targeted Tea Party groups filing for tax-exempt status. Republicans Mike Kelly (PA-03) and Jim Renacci (OH-16) circulated a letter Thursday requesting Treasury Secretary
(AFP) – General Motors, the largest US automaker, on Wednesday joined a call for the United States to take greater action on climate change as it said that environmental concerns were critical for business. General Motors became the first automaker
(AFP) US auto giant General Motors is withdrawing a global advertisement which refers to China as the land where people say “ching-ching, chop suey” after admitting it contains “offensive content”, a report said Wednesday. The television advert for the Chevrolet
Reuters is reporting that US automakers joined with other local businesses to donate $8M for new ambulances and firetrucks to fiscally-battered Detroit. General Motors Co, Ford Motor Co, Chrysler Group LLC, which have their headquarters in the Detroit area,
(AP) GM recalls about 27K vehicles to fix transmissionsBy The Associated PressDETROITGeneral Motors is recalling nearly 27,000 Buicks and Cadillacs in the U.S. to fix a problem with the automatic transmissions. The recall affects Buick LaCrosse full-size cars and Cadillac
The business community, which was quite involved in the “fiscal cliff” arguments last December, appears to be less concerned about the budget cuts implemented by the sequester. As opposed to the way the community responded in December, lobbying on Capitol
An Inspector General’s report from the Department of Energy (DOE) recently revealed that the LG Chem auto battery plant in Holland, Michigan “inappropriately claimed and was reimbursed for labor costs that did not support the purpose/objective” of a government grant. According to
(Reuters) – General Motors Co paid $119 million in September to buy back a 1 percent stake in its joint venture with its top Chinese partner SAIC Motor Corp , which it had given up ahead of its 2009 bankruptcy.
President Barack Obama will feature eight “citizen co-chairs” at his second inauguration festivities, each of whom has purportedly benefited from policies he enacted in his first term. As with the use of children at his announcement of new gun control
(AP) Toyota retakes global auto sales crown from GMBy TOM KRISHERAP Auto WriterDETROITToyota has dethroned General Motors as the world’s top-selling automaker. The Japanese company sold 9.7 million cars and trucks worldwide in 2012, although it’s still counting. GM sold
Roughly 50,000 General Motors union workers will receive bonuses of between $5,500 and $7,000 to close out 2012, say sources familiar with internal discussions between United Auto Worker officials. In 2009, General Motors scored a $49.5 billion bailout from the
