Archive Automakers «
**Written by Doug Powers The Reverse Midas Touch has claimed another victim: TOLEDO, Ohio (AP) — An Ohio restaurant mentioned last week by President Barack Obama as an indirect beneficiary of the government’s Chrysler bailout will go out of business Sunday after a more than 70-year history. Co-owner Richard Lawrence of New Chet’s Restaurant in […]
**Written by Doug Powers While you were being encouraged to trade in your gas guzzler and buy an expensive electric golf cart, the size of the government’s limo fleet was almost doubling: The number of limousines owned by the U.S. government increased by 73 percent during the first two years of the Obama administration, according […]
Stuck with 8 to 10 miles a gallon?
**Written by Doug Powers A fairly nice day in Las Vegas will mean that I’m out wandering instead of in the hotel writing where I should be, so here’s an open thread for discussion. Possible topics: In February, GM sold just 281 Chevy Volts. That number is actually down from January. Sure, only 281 were […]
“Doesn’t really make a lot of sense”
**Written by Doug Powers In 2009, when Barack Obama announced that the federal government was assuming a 60% stake in General Motors, the president called the American people “reluctant shareholders” in that company. As shareholders, when might we expect a dividend check? The general taxpaying public will probably see Justin Bieber on the cover of […]
**Written by Doug Powers A couple of months ago: U.S. Transportation Secretary LaHood Unveils New DOT Webpage on ‘Buy America’ Yesterday: (CNSNews.com) – U.S. Transportation Secretary Ray LaHood said today that he told his daughter to buy a Japanese car–a Toyota Sienna–and that she did so. “Mr. LaHood, there are some UAW people here and […]
**Written by Doug Powers Just to make the story I’ll get to in a minute a little more nauseating, if you haven’t seen it already, view the latest GM ad thanking you, the taxpayer, for helping the company get back on its feet: You’re welcome, GM. When might we expect our first dividend check? Helping […]
You like me! You really like me!
As you all know, President George W. Bush is on his book/rehabilitation tour — hitting every MSM and cable news show from the Today Show to Hannity, plus Oprah, Rush Limbaugh, and beyond. His candor, decency, self-effacement, and clear love of country stand in stark contrast to the current antagonist-in-chief at the White House, so […]
Here’s the latest update to my reporting on the Delphi disaster — the economic horror story Team Obama won’t tell. As you know, the White House auto team and Treasury Department cut a backroom deal with the UAW to cover union workers’ pensions while shafting non-union salaried workers who were deemed politically expendable. The Delphi […]
Good news today for the Delphi salaried retirees who were screwed over by Team Obama’s auto task force and the UAW. As I reported Wednesday, the Delphi white-collar workers were in court today for a hearing on their federal lawsuit challenging the backroom deals that led to massively slashed pension benefits for non-union workers while […]
Making pledges is easy. Keeping them? Not so much. Just ask Mr. Hope and Change. The new GOP pledge is fine as far as it goes — especially the upfront acknowledgment that government’s powers derive from the consent of the governed, not from the penumbras emanating from the fingertips of all President Obama’s czars. But […]
Last month, I mentioned the plight of the Delphi salaried retired workers on the Hannity Show (starts at 4:00 minute mark) during our segment on the Obama Beltway Chainsaw Massacre. Today, my column delves further into the economic horror stories of these forgotten victims of Obama’s auto bailout/union payoff. I’ll be telling more of them […]
**Written by Doug Powers This is just their way of saying “thanks for the second chance, American taxpayers”: General Motors will invest $500 million to produce a new vehicle and eight-cylinder engines in a plant in northeastern Mexico, a company spokesman said on August 4. The decision was announced at a meeting on August 3 […]
**Written by Doug Powers The Chevy Volt, the $41,000 before-tax-credit, four-seat car that you might as well buy because you’re paying for it anyway, goes 40 miles on a charge before the engine that requires premium gasoline kicks in and will probably cost its buyers more than a few friendships because the “dude, can I […]
Corrupt and corrupter.
DUI: Driving under the influence…of Big Labor-pandering, left-wing radicals My column today dives into the TARP special inspector general’s audit of the “Factors Affecting the Decisions of General Motors and Chrysler to Reduce Their Dealership Networks.” You can find it at the TARP OIG’s website here. I encourage you all to read through the entire […]
Good for my friends at the Competitive Enterprise Institute. They’re filing a complaint with the FTC over GM’s B.S. bailout payback ad. The deets: The Competitive Enterprise Institute today filed a formal complaint with the Federal Trade Commission, arguing that General Motors misleadingly claimed in a national TV ad that the company has paid back […]
(Photoshop credit: Reader Joe N.) U.S. regulators have announced they will seek a record $16.4 million fine against Toyota. Reader Bob e-mails: Well, the feds and their subsidiary GM just fined Toyota $16M. Coincidentally, Toyota just annihilated the competition in sales during March. This, under the immense duress of having the government and media slam […]
In January, I deconstructed the White House “Financial Crisis Responsibility Fee” fakery for you: 1. The bank tax will inevitably be passed on to consumers and the White House has no way of stopping them from doing the dumping. 2. The tax won’t apply to non-banks, black holes Fannie Mae and Freddie Mac, or the […]