Hot Topics
Barack Obama
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Tesla expands share, debt offering to repay U.S. loan, hike cash
… correction." Loans for Tesla, Ford, Nissan and Fisker were all awarded in 2009 under a program implemented by President Barack Obama . The green-car loans, along with Energy Department funds for failed lithium ion battery manufacturer A123 Systems …
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GM shares return to $33 IPO price on optimism for truck sales
… bailout in 2009. Critics dubbed GM "Government Motors." Republican 2012 challenger Mitt Romney attacked President Barack Obama on the issue. The automaker has said it expects modest improvement this year compared with 2012, when it earned …
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Detroit 3 research group targets next-gen hybrid, EV batteries
… research labs. It also will contribute to the EV Everywhere Grand Challenge, a department program unveiled by President Barack Obama in March 2012 to develop affordable EVs by 2022 . In the past, the EV Everywhere Grand Challenge has spurred initiatives …
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Obama says DOT nominee Foxx to press ahead on transportation agenda
WASHINGTON (Bloomberg) -- President Barack Obama said Charlotte, North Carolina, Mayor Anthony Foxx will press ahead as transportation secretary with the administration's goals …
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U.S. transport chief nominee said to be Anthony Foxx, mayor of Charlotte, N.C.
WASHINGTON (Bloomberg) -- President Barack Obama will nominate Charlotte, N.C., Mayor Anthony Foxx , a Democrat, to lead the Transportation Department, according to a White …
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Automakers pitch green cars for saving money, not the planet
… missing targets. Weaker-than-planned demand for cars powered wholly or in part by batteries has made President Barack Obama 's goal of getting 1 million rechargeable autos on U.S. roads by 2015 increasingly unlikely, with fewer than 90 …
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EU politicians back compromise on car emission targets
… led the shift to lower-carbon, fuel-efficient vehicles, but the United States is catching up. U.S. President Barack Obama has launched clean car standards that he said would nearly double fuel efficiency by 2025 compared with that of vehicles …
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Fisker, Energy Department blasted over loan to struggling firm
… President George W. Bush, to spur development of more fuel- efficient vehicles including plug-in electrics. President Barack Obama 's administration announced a conditional loan approval for Fisker in September 2009, eight months after he took office …
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As retirement approaches, Publisher Peter Brown honors some of the best, and worst, automotive adventurers
… called theatrical strikes. At the bargaining table, he gave the Detroit 3 what they needed to become competitive. Barack Obama : There was a lot of pain, but the managed bankruptcies of Chrysler and GM actually worked, and worked fast. The …
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Probe of U.S. electric-car loans pledged by Republican Issa
… s Advanced Technology Vehicle Manufacturing Loan Program promises to begin a new round of criticism for President Barack Obama 's drive to use federal loans and guarantees to boost clean-energy technologies, after the 2011 collapse of solar …
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Fisker's job cuts fuel political debate on green energy projects
… ventures. Fisker and A123, whose bankruptcy halted Fisker's output, have drawn Republican criticism of President Barack Obama 's support of green-energy programs intended to spur more fuel-efficient cars. "The Department of Energy has …
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EU politicians back compromise on car emissions targets
… emissions as part of its efforts to tackle climate change, but the United States is catching up. U.S. President Barack Obama has launched clean car standards which he said would nearly double fuel efficiency by 2025 compared with that of vehicles …
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Detroit 3 raise alarm as yen weakens, aiding Japanese profits
… because of their currency manipulation." Blunt, the former Republican governor of Missouri, has urged President Barack Obama to press Japan to open its market to U.S. autos and ease its currency intervention. While Obama discussed Japan …
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Obama seeks $2 billion in research on cleaner vehicles, fuels
CHICAGO (Reuters) -- President Barack Obama tried to turn the page on bitterly partisan fights over energy policy on Friday, focusing the first energy speech of his second …
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U.S. fuel economy posts biggest gain since 1975
… money at the pump, reducing greenhouse gas emissions and cleaning up the air we breathe," Gina McCarthy, President Barack Obama 's nominee to head the EPA, said in a statement on the report. Obama's administration hashed out an agreement with …
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Japan has more work to do to join trade talks, U.S. says
… Democratic lawmakers on Thursday expressed concern about Japan's entry in the negotiations in a letter to President Barack Obama . Although Japan has no tariffs on U.S. autos, Ford and many U.S. lawmakers contend the country maintains a web …
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U.S. lawmakers urge Obama to keep auto tariffs on Japan
WASHINGTON (Reuters) -- A group of Democratic lawmakers on Thursday urged President Barack Obama to insist on keeping a 2.5 percent tariff on Japanese autos and a 25 percent tariff on Japanese trucks if the United States and …
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Cordray nomination at stalemate as senators refuse to negotiate
… Frank Act. Their position hardened after a federal court ruling raised questions about the validity of President Barack Obama 's 2012 recess appointment of Cordray to direct the bureau after Republicans blocked his first nomination. The new …
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U.S. sold $489.9 million in GM shares in February
… invested about $50 billion in GM, the biggest portion of an auto industry bailout that was a centerpiece of President Barack Obama 's first term. The investment drew criticism from Republican officials and GM received the label "Government Motors …
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Ford calls for mutual U.S.-Europe auto standards in trade deal
… that ending regulatory barriers is the "golden nugget." A trans-Atlantic trade deal is progressing after President Barack Obama promised to pursue an agreement to expand the world's largest economic relationship in his State of the Union address …
