With the announcement that General Motors will add 4,000 new jobs around the country, the total number of workers for the Big Three automakers is now approaching the levels from before the industry crash and resulting bankruptcies for GM and Chrysler.
The Detroit Free Press reports:
Ford,
Assuming market conditions remain favorable and a bond sale goes well, the new Chrysler — less than two years removed from bankruptcy — says it will have the federal government paid back for loans it made to keep the company afloat by the time August rolls around.
More…
Michigan State University researchers have developed a brand new version of the internal combustion engine they say could revolutionize the hybrid vehicle.
MSNBC reports the new engine is the Wave Disc Generator, which will result in lighter vehicles by eliminating various parts of the traditional combustion engine. More…
Chrysler was the first of the two American automakers to initiate a managed bankruptcy in 2009, but General Motors was the one that went public first. Now comes word that Chrysler’s Initial Public Offering of stock may not happen this year as expected.
Fiat and Chrysler CEO
Now that two of the Big Three automakers have survived bankruptcy and returned to profitability, the United Auto Workers say they want the concessions they made to help that process paid back in the next union contracts — with Ford in particular.
Ford did not join General Motors More…
The Environmental Protection Agency and the Department of Transportation unveiled today a proposal to put labels on all new vehicles that compare vehicles’ greenhouse gas emissions and fuel economy. The goal is to compare the emissions and fuel economy of gasoline-powered vehicles and more efficient electric vehicles.
While this More…
Secretary of Transportation Ray LaHood and EPA Administrator Lisa Jackson just announced a new set of automobile guidelines on a conference call with reporters — a program that aims to cut carbon dioxide emissions from vehicles by 30 percent and increase fuel efficiency by 40 percent over the coming years. More…
WorldNetDaily breathlessly reports the latest from the birtherverse: two owners of Chrysler dealerships are going to sue to get their businesses back, on the basis that Barack Obama, having never been the legitimate president, had no right to use TARP funds to restructure car companies.
From the just-released statement out of the Department of Transportation:
U.S. Transportation Secretary Ray LaHood announced Thursday that after a wildly successful run, the cash for clunkers program will come to a close on Monday, August 24th at 8 p.m. EDT.
The Wall Street Journal has a piece today called “Cash for Clunkers: An Expensive Environmental Fix,” which argues that despite its bigger-than-expected environmental benefits, the soon-to-be-renewed vehicle upgrade program is a costly way to cut carbon emissions. The author writes that the effective price per ton of carbon More…
rss