Government ContractsGM shares return to $33 IPO price on optimism for truck sales 10:19 am U.S. ET | May 17, 2013  Shares in GM topped its $33 initial public offering price for the first time in more than two years as the automaker prepares to introduce redesigned full-sized pickups.... Read More »
Specialized van maker that won $50M U.S. loan shuts down 2:47 pm U.S. ET | May 8, 2013  Van maker Vehicle Production Group -- recipient of a $50 million loan from the Department of Energy -- has suspended operations and is in the process of being sold, its former CEO said today.... Read More »
Fisker's job cuts fuel political debate on green energy projects 10:36 am U.S. ET | April 8, 2013  Fisker Automotive's dismissal last week of 75 percent of its employees, after it once received federal loans to build luxury plug-in cars, is adding to the political debate over the federal government's funding of clean-energy programs.... Read More »
Audit blasts U.S. loans to support Michigan battery plant 2:36 pm U.S. ET | Feb. 13, 2013 An LG Chem battery plant in Michigan that received $150 million in U.S. Department of Energy grants used federal dollars to pay employees who played games, watched movies or did community service during work hours, a government audit says.... Read More »
Ford passed by GM in U.S. government vehicle purchasing 10:17 am U.S. ET | Jan. 8, 2013 GM surpassed Ford in federal-government sales for the first time since receiving a federal bailout as Ford’s prices rose faster, according to General Services Administration data. GM directly sold 19,404 vehicles to the federal government in the fiscal year ending Sept. 30, a 3.6 percent increase from 2011, according to data obtained under a Freedom of Information Act request to the GSA, which coordinates most vehicle purchases.... Read More »
NEWS ANALYSIS Right to work may put Mich. back on business map 11:07 am U.S. ET | Dec. 12, 2012  Michigan, a symbol of American industrial rise and decline, is about to get a second look from corporate America. The heavily unionized state took a big step toward encouraging business investment on Tuesday with "right to work" legislation that prohibits union membership as a condition of employment.... Read More »
Obama's next transportation chief faces highway-funding dilemma over gas tax 2:34 pm U.S. ET | Nov. 9, 2012 The next U.S. Transportation secretary -- whether it's Ray LaHood or someone else -- will confront a highway system starved for cash and financed by a gasoline tax almost no one wants to raise.... Read More »
GM stock sale not easy for Canada, U.S. to time 12:01 am U.S. ET | Oct. 6, 2012  Canada may have trouble unloading its $3.5 billion stake in General Motors, as there won't be many "buying triggers" to spur a sale, according to documents from the agency that manages the shares.... Read More »
Tesla CEO says company is fine, repaying U.S. government loans 10:33 am U.S. ET | Oct. 4, 2012  Tesla CEO Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.... 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 »
A123 deal with Wanxiang raises security concerns, lawmaker says 9:48 am U.S. ET | Aug. 9, 2012  A Florida lawmaker opposed the potential sale of control in A123 Systems, the maker of automotive rechargeable batteries, to a Chinese company, citing national security concerns.... Read More »
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Special Report
 Toyota's Lentz: Camry in a 'three-horse race'Toyota's Jim Lentz says the Camry will fend off main rival Honda Accord and upstarts such as the Ford Fusion... Mon., May 20» Watch the Video |
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