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Fair Game
Conservative think tank slams hypocrisy of Obama ally
A conservative think tank that the Center for American Progress has accused of being a corporate shill slammed the liberal behemoth for its reported hypocrisy.
Tag: GM
GM Recalls Hybrid Cars Due to Electric Flaw
GM is recalling 38,197 2012 and 2013 model cars with eAssist hybrid powertrains, the Wall Street Journal reports.
Treasury to Begin Selling Remaining 241 Million Shares in GM
The Treasury will begin another round of sales for General Motor stock acquired during the government’s bailout of the auto sector, the department said on Monday.
The UAW Versus the World
Union, Democrats argue against inclusion of Japan in trade treaty
A trade agreement that has garnered broad support from a diverse array of organizations in the United States has drawn staunch opposition from labor unions and congressional Democrats.
Grand Theft Auto Loans
GM boosting sales through failing subprime auto loans
Bailout recipient General Motors leads the world in car sales thanks in part to subprime auto lending that may cause a fiscal calamity, financial and auto industry observers fear.
The Secrets of Delphi
Taskforce to investigate pension cuts in auto bailout
A pair of Ohio lawmakers have launched a taskforce to investigate the Pension Benefit Guaranty Corporation’s (PBGC) decision to slash a non-union pension fund as part of the auto bailout.
Treasury Approved Big Bonuses for Ally, GM, AIG Execs
The Treasury Department approved large compensation packages for executives at three firms that received bailout funds, the special inspector general for the Troubled Asset Relief Program found in a new report.
Treasury Prepares to Lose Big on GM Bailout
Government will take loss in the billions
The Treasury Department announced Wednesday it will sell its remaining shares of Detroit-based automaker General Motors and the result will be a loss for taxpayers in the billions of dollars, Politico reports.
Making Mullah Mobiles
Bailed-out GM owns stake in French car company with ties to Iran
A French car manufacturer that is partially owned by the taxpayer-funded General Motors Company (GM) claims to have ceased its longtime business dealings with Iran, though experts have cast doubts on this claim.
Treasury Sells Remaining Shares of AIG
The U.S. Treasury Department announced Tuesday it had sold its remaining shares of American International Group Inc. (AIG), ending the largest government bailout of the 2008 financial crisis.