GM Recalls 2.7M More Cars; 'Major Announcement' From Feds To Come At 11:15 A.M.U.S. Secretary of Transportation Anthony Foxx and the National Highway Traffic Safety Administration’s Acting Administrator David Friedman are holding a press conference.
American Cars In Decline? GM's Role In The International Recall WarGM is on track to break the American automaker record for the most recalls in a single year, ever.
GM Releases Video To Demonstrate Safety of Recalled CarsOne day after the Department of Transportation refused to order GM to pull recalled vehicles off the road, the auto company has released a video showing tests they've done on the recalled vehicles.
GM Recalls About 60,000 Saturns To Fix Gear ShiftsGeneral Motors is recalling nearly 60,000 Saturn Aura midsize cars because the automatic transmission shift levers can show the wrong gear.
Senators Accuse GM Of Covering Up Defective SwitchMembers of a Senate subcommittee accused General Motors of trying to cover up problems with an ignition switch that is now tied to 13 deaths.
What's New From Detroit?
Opinion: Auto Manufacturing Is Back In America. Obama Was Right, Romney Was Wrong.Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Opinion: The Auto Bailout Wasn’t A Safe Financial Deal For AmericaYes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
Opinion: Auto And Bank Bailouts Prove EffectiveOn Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.