In the new memoir “Decision Points,” former U.S. President George W. Bush stands behind his decision toward the tail end of his presidency to extend a $17.4 billion auto bailout. Automotive News reports that President Bush knew just four days after GM announced it was near bankruptcy – on Nov. 11, 2008 – that he Read on! →


October was a banner month for GM and Ford sales. General Motors and Ford Motor Co. both posted large profits thanks to strong October auto sales. The adjusted sales rate for October was in the double digits, and domestic automakers are reaping huge benefits. The initial public offering for GM stock is inching closer still, Read on! →


The economic climate of recession and the resulting taxpayer auto bailout apparently still has automakers gun shy, reports Automotive News. That’s because low factory inventory is becoming the rule rather than the exception lately. The result of this is that dealers need more cars to sell, as they cannot meet rising demand. An online survey Read on! →


At a Campaign 2012 stop before members of United Auto Workers in Toledo, Ohio, on Thursday, Vice President Joe Biden called out Mitt Romney and the Republican Party over failure to support the auto bailouts. The Detroit Free Press reports that Biden went on to cast President Obama as an advocate of middle-class America, while Read on! →


Back in 2006 – before America’s economy took a nosedive and automakers begged at the government’s door – Ford considered its status among American automakers. The company pondered long and hard about how it got where it was and decided that going its own way was vital to its success when its brand needed help. Read on! →


The U.S. Treasury under the Obama Administration has been part-owner of General Motors Co. for more than three years now. That association is not likely to end at any time in the foreseeable future, as the government is presenting no timetable for an exit. GM stock performing poorly Since its controversial Government-backed bankruptcy, the giant Read on! →


The road to recovery for automakers will not be easy. That’s what General Motors Vice President of Marketing Joel Ewanick recently told Automotive News in an interview. GM has waded through bankruptcy and tremendous turnover, which might seem to make any deals designed simply to move product fast attractive. However, Ewanick insists that GM must Read on! →


Surviving the black plague of global recession was no small task for the Ford Motor Company, but it emerged from the smoking crater in which companies like General Motors continue to wallow. The auto bailout may have kept other automakers afloat, but it did a great deal of damage to reputations in the process. Ford Read on! →


Republican presidential candidate Rick Santorum has an ax to grind regarding the way the Obama administration handled the automotive bailout, Automotive News reports. The former Pennsylvania senator told a Detroit, Mich., audience that he wouldn’t have floated taxpayer money to General Motors Co. and Chrysler Group LLC because he believes “too big to fail” means Read on! →


General Motors gave Detroit Tigers pitcher Armando Galarraga a Corvette following his near-perfect game. The 2010 Chevrolet Corvette convertible is worth $53,000, but Crain’s Detroit Business reports that the media exposure the gesture brought to GM was worth approximately $9 million. A non-contracted study by research group Joyce Julius & Associates Inc. tracked the exposure Read on! →