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  • general motors

    GM Recalling Volts, White House Headed to Detroit to Celebrate?

    There’s more bad news in the continuing saga of the Chevy Volt. The Associated Press is reporting today that General Motors will recall 8,000 Volts in order to make modifications to keep them safe during crashes, all on the eve of the North American International Auto Show kicking off in … More

    General Motors Bailing Out Volt Owners?

    It’s been a mixed day in the world of the American auto industry. While Ford Motor posted huge sales for November — propelled by a strong demand for SUVs — General Motors has been forced to make the unusual offer of buying back cars from consumers. Tom Krisher at the … More

    Is General Motors Headed Back to Square One?

    A glut of unsold trucks sits on General Motors dealers’ lots. Two auto plants in Indiana and Michigan stand idle, and it appears that the taxpayers aren’t out of the woods yet. GM still faces serious problems, being made worse by impending regulations. The Detroit Free Press reports: “Supply of Silverados … More

    General Motors CEO Wants Higher Gas Prices

    If General Motors CEO Dan Akerson had anything to say about it, you would be paying a dollar more a gallon for gas. Yes, with $4/gallon prices hitting consumers in a tough economy, Akerson told the Detroit News: “You know what I’d rather have them do — this will make … More

    Jennifer Granholm Tries to Rewrite History

    If you’re looking for an expert in revisionist history, look no further than former Governor Jennifer Granholm (D). For the past several months, Granholm has been trying to erase from people’s memories the economically-destructive record she left behind in Michigan. And now, Granholm is trying to rebuild the image of … More

    Morning Bell: Our Economy Can't Afford More GM "Success" Stories

    Celebrating the company’s Wednesday initial public offering, President Barack Obama last night called his government takeover of General Motors a “success story.” “American taxpayers are now positioned to recover more than my administration invested in GM,” he said. Left unsaid is the fact that if the Obama Administration keeps selling … More

    GM: Successful Bailout or Successful Restructuring?

    General Motors is making moves to sell some of its government-owned stock back to the private sector in what would be one of the largest initial public offerings (IPOs) in U.S. history. While this is certainly a positive sign, it should not be used as an example and an excuse … More

    Chevy Volt: Cheap at Half the Price

    You can buy a lot of car for $41,000. A BMW. A Mustang GT convertible. Even a Mercedes. Or you could shell out for a brand-spanking-new electric-powered Chevy Volt and do your part to “save the environment.” Government-owned General Motors is counting on the government to encourage you to do … More

    VIDEO: GM Repaid Taxpayers with Tax Dollars

    You probably have seen that new General Motors ad were CEO Ed Whitacre claims his company has repaid their taxpayer bailout “in full, with interest, five years ahead of the original schedule.” Don’t believe it for a second. Nick Gillespie explains why in the video to the right. The New … More

    A Full 10% of General Motors Bailout Paid Back

    General Motors CEO Ed Whitacre should have thought twice about the title of his Wall Street Journal op-ed, “The GM Bailout: Paid Back in Full.” GM did announce that it would repay the $5.8 billion ($4.7 billion to U.S, $1.1 billion to Canada) remaining balance on the loans the automaker … More