Marchionne to outline plans to build Jeeps, Fiat SUVs in Italy, report saysDec. 13, 2012 08:34 CET  Fiat CEO Sergio Marchionne will soon give details of his plans for the production of Jeeps and Fiat SUVs at the automaker's factory in Melfi, Italy, sources said.... Read More »
ELECTION 2012 Obama, Congress face the moment of truth on taxes, spending cuts 12:01 am U.S. ET | Nov. 12, 2012  With President Obama's auto agenda likely to be unchanged in his second term -- electric cars and stricter fuel economy rules -- industry leaders have turned their attention to a more immediate concern inside the Washington beltway. Even before the next Congress is seated in January, lawmakers and the White House will wrestle with the so-called fiscal cliff, the result of automatic tax increases and spending cuts set to take effect on Jan. 1.... Read More »
ELECTION 2012 Ohio dealer tops clunkers author in House race 12:01 am U.S. ET | Nov. 12, 2012  All seven current and former dealers running for seats in the U.S. House of Representatives won on Election Day, mostly by comfortable margins. But the one hotly contested race -- in Ohio -- involved Washington's handling of the auto industry.... Read More »
DAVID PHILLIPS Sales outlook hangs on whether fiscal cliff is avoided 2:57 pm U.S. ET | Nov. 7, 2012  One big question down. One very big one on the near horizon. To what extent can a re-elected President Obama work with a sharply divided Congress and resolve a fiscal crisis while keeping the feeble economy humming? The answer will play a major role in how strong the recovery in auto sales continues.... Read More »
7 current and former auto dealers elected to Congress 11:19 am U.S. ET | Nov. 7, 2012  All seven current and former auto dealers running for seats in the House of Representatives won on Election Day, mostly by comfortable margins. Winners include Roger Williams, R-Texas, a former Texas secretary of state who runs a Chrysler-Dodge-Jeep-Ram store in suburban Fort Worth, and Jim Renacci, R-Ohio, the co-owner of a Chevrolet dealership that was rejected as General Motors went through bankruptcy.... Read More »
Obama leverages auto bailout for crucial Midwest wins 7:16 am U.S. ET | Nov. 7, 2012 Support in Ohio for the bailout helped Obama to a victory Tuesday in the state, which together with Michigan has about 65 percent of General Motors and Chrysler Group's domestic factories. A projected Ohio win for Obama shortly after 11 p.m. Eastern time and a win in Oregon pushed the president over the required 270 electoral votes, according to the AP.... Read More »
JAMIE LaREAU Does what you drive to the polls indicate how you’ll vote? 1:57 pm U.S. ET | Nov. 5, 2012  Can Democrats and Republicans find some common ground behind the wheel? A survey by totalcarscore.com, a Web site that does car reviews, product comparisons and automotive research, suggests a relationship between the type of vehicles people drive and how they’ll vote on Tuesday.... Read More »
Detroit 3 profits underscore auto industry gains under Obama 12:01 am U.S. ET | Nov. 3, 2012  The Detroit 3 automakers would endorse four more years with profits like those this week. A second term for President Barack Obama, who made saving General Motors a campaign pillar, hinges on whether voters give him the credit.... Read More »
U.S. automakers protest distortions in Romney ad 7:36 am U.S. ET | Nov. 1, 2012  Republican presidential nominee Mitt Romney, attacking President Barack Obama for his auto industry policies as he battles for votes in Ohio, is drawing pointed rebuttals from General Motors and Chrysler Group, which are being pulled into the election against their will.... Read More »
JAMIE LaREAU East Coast dealer to captives: Step up after Sandy 12:01 am U.S. ET | Oct. 31, 2012  In the aftermath of Hurricane Sandy, an East Coast dealer wants captive finance companies to get creative to help affected dealers sell cars. Dealer Bruce Bendell would like manufacturers to create finance incentive programs for folks impacted by Sandy. He likens it to when General Motors launched its “Keep America Rolling” incentive plan after 9/11.... Read More »
JAMIE LaREAU A storm, an election and Europe all might impact inventory 5:06 pm U.S. ET | Oct. 30, 2012  Peculiar times are making some otherwise-confident dealers uncertain about the future -- specifically, the impact of various world events on their future days supply of inventory.... Read More »
Obama campaign to respond to Romney's Ohio Jeep ad 7:53 pm U.S. ET | Oct. 29, 2012  President Barack Obama's campaign said it will air an Ohio television ad that rebuts what outside observers call a false impression left by Republican challenger Mitt Romney about Chrysler Group LLC moving Jeep production to China.... Read More »
ELECTION 2012 If elected, Romney promises a hard look at mpg standards, EVs, China, union drives 12:01 am U.S. ET | Oct. 29, 2012  A Mitt Romney White House could reverse Obama administration support for higher fuel-economy standards and electric vehicles. If the son of former American Motors chief George Romney defeats President Obama on Nov. 6, it could also mean changes for the auto industry in such areas as foreign trade and support for measures that make it harder for unions to organize workers.... Read More »
ELECTION 2012 CEOs channel funds to Romney via corporate PACs 12:01 am U.S. ET | Oct. 29, 2012 The Detroit 3 CEOs donated to Republican Mitt Romney's presidential campaign, but not directly. Ford Motor Co. CEO Alan Mulally and General Motors CEO Dan Akerson channeled their largesse mostly through their companies' political action committees. Fiat-Chrysler CEO Sergio Marchionne can't give to federal campaigns because he is not a U.S. citizen.... Read More »
NICK BUNKLEY Why Volts built on Mars are possible -- in an election year 2:19 pm U.S. ET | Oct. 26, 2012  I hear General Motors is planning to lay off thousands of workers in Detroit and move production of the Chevrolet Volt to Mars. This is obviously more bad news for Detroit, which will then be left with nothing but three guys shivering around a burn barrel and recently was named the Most Dangerous City in America to Be a Third Base Coach in the World Series.... Read More »
National debate over auto bailout plays out in Ohio house race 12:01 am U.S. ET | Oct. 20, 2012  U.S. Representative Jim Renacci says he wouldn't have run for Congress had his Chevrolet dealership in Wadsworth, Ohio, not closed when the federal government bailed out GM in 2009. The viability of the U.S. auto industry and manufacturing in general is defining the presidential race in Ohio, a state that no Republican won the White House without.... Read More »
PHILIP NUSSEL The Bailout Truth Squad throws a flag 3:20 pm U.S. ET | Sept. 13, 2012  In our relentless effort to protect the truth during an election year, the Auto Bailout Truth Squad has convened again this week. Today we look at a story from Bloomberg on Wednesday that stemmed from a TV interview conducted with Harvey Golub, the former chairman of the bailed-out financial and insurance giant AIG.... Read More »
Obama at Ohio Labor Day rally says auto bailout paying off 4:51 pm U.S. ET | Sept. 3, 2012  President Barack Obama said his “bet” on America's auto industry is paying off and that letting “Detroit go bankrupt” would have led to another Great Depression, drawing attention at a Labor Day rally in Ohio to Republican Mitt Romney's opposition to the rescue.... Read More »
NICK BUNKLEY Janesville: Back in the crossfire that is 2012 politics 3:56 pm U.S. ET | Aug. 30, 2012  If you live anywhere near Detroit, or work at the plant GM is expanding in Wentzville, Mo., or have a Chevy dealership in Boise, Idaho, you might have one opinion about how the government's intervention in the auto industry has worked out.... Read More »
Chrysler, GM ban presidential campaign events at factories 2:35 pm U.S. ET | Aug. 27, 2012  Wary of getting caught in the political crossfire as the presidential campaign heats up, Chrysler and GM have banned campaign appearances at their plants. “This fall, Chrysler will not host campaign events inside its facilities. The company is focused on meeting production demands,” a Chrysler spokeswoman said today in an e-mailed statement. She said the company made the decision in the spring. GM made its decision early this year, a spokesman said.... Read More »
Lutz supports Romney despite opposition to GM bailout 1:53 pm U.S. ET | June 14, 2012  Even though Republican presidential candidate Mitt Romney opposed the government bailout of General Motors, he still has won the support of one of the automaker's former top executives.... Read More »
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