Obama administration sets 35.5-mpg standard for 2016
May 19, 2009 1:33:54 PM
New standards call for an average fleet economy rating of 39 mpg for passenger cars and 30 mpg for light trucks. The Obama administration estimates the new regulations will add about 1,300 US dollars ...

U.S. Gov makes $285-million order for Detroit-made vehicles
April 10, 2009 4:03:21 PM
President Barack Obama has formalized a plan by his administration to purchase more than 17,500 vehicles from the Big Three automakers. Nearly 15% of these will be hybrids.

Henderson Willing to Take GM into Bankruptcy to Meet Obama Mandate
April 1, 2009 5:02:45 PM
New GM CEO says he understands the demands for restructuring coming from the Obama administration. Fritz Henderson admits that bankruptcy may be the only solution for GM.

Obama Denies GM and Chrysler Extra Funds
March 30, 2009 4:04:04 PM
GM given 60 days to prove its viability, Chrysler has 30 days to hammer out an alliance deal with Fiat. Both automakers will be supplied with operating capital, when necessary, but will not get any mo...

Wagoner steps down from GM on Obama's insistence
March 30, 2009 12:04:04 PM
White House holds Wagoner responsible for many of the poor decisions that have led to GM's near collapse. The Obama administration will unveil a new plan today for providing more aid to the US auto in...

Obama to announce additional auto aid package with tougher conditions
March 27, 2009 11:32:54 PM
Obama said companies must prove their viability in order to get more money.GM has received 13.4 billion US dollars in bailout funds and is asking for an additional 16.6 billion. Chrysler has said it w...

Obama to Announce 2011 Fuel Standard
March 27, 2009 7:02:54 PM
New fuel economy guidelines are being implemented in effort to force car and truck manufacturers to make more efficient vehicles.

Obama pushes for 1 million plug-in electric hybrids by 2015
March 23, 2009 6:00:57 PM
As part of the plan, 2 billion US dollars will go to US developers of battery technology and electric motors. The administration will also spend 400 million to study the infrastructure needs of having...

Obama: America invented the automobile
February 25, 2009 3:47:05 PM
Obama said US auto industry must modernize but strongly hinted that there would be no endless bailouts for the Big 3. Obama said that "the nation that invented the automobile cannot walk away from it....