Archive » Automakers

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 [...]

Recovery summer!

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 [...]

Road scholars?

**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 [...]

Scroll for updates… You’ve got to be freaking kidding me. I mean, really. Come on: As former Rep. J.D. Hayworth prepares to officially enter the Republican primary race against incumbent Sen. John McCain, he probably had better not count on any support from FreedomWorks, the national conservative group closely associated with the Tea Party movement. [...]

The WSJ broke the news on Friday about Obama’s new “pay czar,” Kenneth Feinberg. His official title as executive-pay-limiter-in-chief: Special Master of Compensation. Can’t wait to see his logo. Next up: Obama appoints the… …Distinguished Overlord of Oxygen Intake (to limit individual human carbon emissions); …Royal Captain of Calorie Consumption (to limit weight gain and [...]

(Photoshop credit: Reader Joe N.) It’s official. General Motors has filed for bankruptcy. Government Motors is now in business, with a perpetual taxpayer lifeline: General Motors filed for Chapter 11 bankruptcy protection Monday as part of the Obama administration’s plan to shrink the automaker to a sustainable size and give a majority ownership stake to [...]