Mitt Romney

FINAL ASSEMBLY

Romney's cheap shot still steams Sergio

12:01 am U.S. ET | Jan. 21, 2013
Chrysler CEO Sergio Marchionne is still fuming about the way his company became a political lightning rod in the 2012 presidential campaign.... Read More »

 

2012 LISTS OF 10

Quotables from notables

12:01 am U.S. ET | Dec. 31, 2012
Some of the memorable comments from the past year.... 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 »

 

FINAL ASSEMBLY

Gilles dumps on Trump

12:01 am U.S. ET | Nov. 5, 2012
During the political superstorm last week, Chrysler CEO Sergio Marchionne vehemently denied statements from the Mitt Romney campaign that Jeep production was moving from Ohio to China. But the strongest retort came from Ralph Gilles, Chrysler's usually mild-mannered design boss.... 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 »

 

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

Would Romney dump GM shares on Day One? Don't count on it

12:01 am U.S. ET | Oct. 29, 2012
Republican presidential nominee Mitt Romney has vowed to quickly sell the U.S. Treasury's stake in General Motors if he's elected. Analysts say that suddenly dumping the government's 500 million GM shares would depress GM's stock price. But they also think it's unlikely to play out that way if Romney takes office in January.... Read More »

 

FINAL ASSEMBLY

Bloggers twist Jeep report, Romney bites

12:01 am U.S. ET | Oct. 29, 2012
A tiny news item picked up by the right-wing blogosphere got caught in the vortex of presidential politics last week, prompting Mitt Romney to tell a rally in Ohio that all U.S. Jeep production might be moved to China. This would come as a surprise to Jeep.... 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 »

 

Iacocca endorses Romney, saying 'America is in deep trouble'

1:07 pm U.S. ET | Oct. 23, 2012
Former Chrysler chairman and CEO Lee Iacocca, saying “America is in deep trouble,” is endorsing Republican presidential candidate Mitt Romney. In an opinion piece published in The Detroit News, Iacocca, 88, said Romney has a plan that “will enable a stronger America.”... Read More »

 

PHILIP NUSSEL

How Romney could attack Obama's auto bailout

12:49 pm U.S. ET | Oct. 17, 2012
Most voters know that Republican presidential challenger and Michigan native Mitt Romney is a businessman with a lifetime connection to the auto industry. So one must wonder why Romney's attacks on President Obama's auto bailout have been filled with inaccuracies when he still has plenty of more credible ammunition to work with.... Read More »

 

Auto bailout, energy hot topics in presidential debate

11:32 pm U.S. ET | Oct. 16, 2012
President Barack Obama and Republican challenger Mitt Romney for several months have been separately discussing the benefits and liabilities of the auto bailout, but on Tuesday night they got to argue about it face-to-face.... Read More »

 

China says U.S. auto trade complaint driven by election race

7:46 pm U.S. ET | Sept. 18, 2012
China said it has been made a victim of U.S. electoral politics after Washington launched an international trade case alleging that Beijing has been unfairly subsidizing automobile and auto parts exports.... Read More »

 

U.S. launches automotive trade case against China

7:13 am U.S. ET | Sept. 17, 2012
The U.S. said today it had launched a new trade case against Chinese auto and auto-part export subsidies that threaten jobs in Ohio and other states key to the outcome of this year's presidential election. The U.S. also said it was also taking the next step in a separate World Trade Organization case launched this year against Chinese duties on U.S. auto exports.... Read More »

 

GM, Chrysler bailouts draw ire of former AIG chairman

12:49 pm U.S. ET | Sept. 12, 2012
Harvey Golub, the former chairman of AIG, said President Barack Obama "violated every bankruptcy principle known to man" in the rescue of GM and Chrysler. Criticism of the $63.4 billion rescue of GM and Chrysler has intensified because the bailout divides Obama, whose administration points to the rescues as one of its biggest successes, and Republican presidential nominee Mitt Romney, who has called the restructurings "crony capitalism" that helped union allies.... Read More »

 

Loan opponent Ryan sought riskier practices on electric-car aid

11:19 am U.S. ET | Sept. 11, 2012
Republican vice presidential nominee Paul Ryan pressed the Department of Energy in 2008 to write rules for electric-car loans that could have risked almost as much federal money as was lost when Solyndra LLC went bankrupt.... 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 »

 

GM bid for Ally units highlights quandary of U.S. bailout

4:31 pm U.S. ET | Aug. 16, 2012
GM, partly owned by the U.S. Treasury, is seeking to buy international operations from auto lender Ally Financial, which ironically wants to use the proceeds to help repay its own federal bailout aid. With almost $33 billion in cash and marketable securities at the end of the second quarter, GM has the money to pursue such an acquisition. But analysts and investors disagree on whether that would be the best use of cash, with some preferring a stock buyback or dividend payment.... Read More »

 

Ryan, unlike Romney, supported 2008 loans to automakers

4:13 pm U.S. ET | Aug. 13, 2012
Congressman Paul Ryan, the presumptive Republican vice presidential nominee, voted in December 2008 to support the bailout of Chrysler and General Motors, which most Republicans -- including Mitt Romney -- didn't support. Ryan, of Wisconsin, was one of 32 House Republicans to break with their party and vote to support a bill that would have approved a $14 billion loan to Chrysler and GM from a previously approved Department of Energy loan to keep the troubled automakers out of bankruptcy.... Read More »

 

New Romney TV spot blasts dealership closures

12:46 pm U.S. ET | Aug. 2, 2012
Mitt Romney's criticism of the government bailout of the auto industry continued Wednesday when his campaign released a 30-second TV commercial in Ohio critical of the Obama administration's decision to force General Motors and Chrysler to close dealerships in 2009.... Read More »

 

Energy Department grants to promote green vehicles made despite conflicts, report says

1:04 pm U.S. ET | July 26, 2012
A U.S. Energy Department program designed to promote use of alternative fuels for vehicles gave out about $5 million in grants to individuals with conflicts of interest, the agency's inspector general said.... Read More »

 

Tesla's Musk would see Romney win as 'minor impact' on electric cars

1:49 am U.S. ET | June 26, 2012
Tesla CEO Elon Musk said a victory by Republican Mitt Romney in this year's presidential election would have only a "minor impact" on the nation's electric-car market.... Read More »

 

FINAL ASSEMBLY

Ex-basher Lutz does a flip-flop on Romney: 'All is forgiven'

12:01 am U.S. ET | June 18, 2012
So does the federal bailout of General Motors and Chrysler ensure that Barack Obama will carry Michigan in November? Well, at least one high-profile Michigan auto guy -- who vociferously blasted Mitt Romney for opposing the bailout -- has made peace with the presumed GOP nominee.... Read More »