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<title><![CDATA[RSS for George W. Bush]]></title>
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<link><![CDATA[http://search.autonews.com/]]></link>
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<title><![CDATA[Hyundai, Mercedes, Nissan, Toyota join DOE in fuel cells push]]></title>
<link><![CDATA[http://www.autonews.com/article/20130513/OEM05/130519963/hyundai-mercedes-nissan-toyota-join-doe-in-fuel-cells-push]]></link>
<guid>http://www.autonews.com/article/20130513/OEM05/130519963/hyundai-mercedes-nissan-toyota-join-doe-in-fuel-cells-push</guid>
<pubDate><![CDATA[Mon, 13 May 2013 16:07:59 EDT]]></pubDate>
<description><![CDATA[Editor's note: An earlier version of this story incorrectly said the Honda FCX Clarity was the only fuel cell electric vehicle available for sale or lease in the United States. WASHINGTON -- Hyundai Motor Co., Daimler AG's Mercedes-Benz unit, Nissan Motor Co. and Toyota Motor Corp. have linked with ...]]></description>
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<title><![CDATA[Fisker, Energy Department blasted over loan to struggling firm]]></title>
<link><![CDATA[http://www.autonews.com/article/20130424/OEM05/130429943/fisker-energy-department-blasted-over-loan-to-struggling-firm]]></link>
<guid>http://www.autonews.com/article/20130424/OEM05/130429943/fisker-energy-department-blasted-over-loan-to-struggling-firm</guid>
<pubDate><![CDATA[Wed, 24 Apr 2013 16:07:01 EDT]]></pubDate>
<description><![CDATA[WASHINGTON -- Struggling Fisker Automotive took a bludgeoning today on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric car producer to draw down nearly $200 million in ...]]></description>
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<title><![CDATA[Fisker's job cuts fuel political debate on green energy projects]]></title>
<link><![CDATA[http://www.autonews.com/article/20130408/OEM05/130409905/fiskers-job-cuts-fuel-political-debate-on-green-energy-projects]]></link>
<guid>http://www.autonews.com/article/20130408/OEM05/130409905/fiskers-job-cuts-fuel-political-debate-on-green-energy-projects</guid>
<pubDate><![CDATA[Mon, 08 Apr 2013 10:36:08 EDT]]></pubDate>
<description><![CDATA[(Bloomberg) -- 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 U.S. government's funding of clean-energy programs. Most of the assets of Fisker's battery supplier ...]]></description>
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<title><![CDATA[Bush fuel cell effort didn't pick winners]]></title>
<link><![CDATA[http://www.autonews.com/article/20130408/OEM06/304089957/bush-fuel-cell-effort-didnt-pick-winners]]></link>
<guid>http://www.autonews.com/article/20130408/OEM06/304089957/bush-fuel-cell-effort-didnt-pick-winners</guid>
<pubDate><![CDATA[Mon, 08 Apr 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[At the U.S. Dept. of Energy, the writer was assistant secretary for energy efficiency and renewable energy from 2001 to 2005 and under secretary of energy from 2005 to 2007. To the Editor: Regarding your March 4 editorial "Obama's switch on fuel cells is a smart move": You mischaracterized the ...]]></description>
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<title><![CDATA[EV cash dries up; Obama pushes for research effort]]></title>
<link><![CDATA[http://www.autonews.com/article/20130401/OEM01/304019969/ev-cash-dries-up-obama-pushes-for-research-effort]]></link>
<guid>http://www.autonews.com/article/20130401/OEM01/304019969/ev-cash-dries-up-obama-pushes-for-research-effort</guid>
<pubDate><![CDATA[Mon, 01 Apr 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[WASHINGTON -- The era of free-flowing federal funds for electric vehicles is over, so President Obama is returning to an old strategy to advance their cause: research. Under a plan the White House unveiled in March, electric vehicles and other oil alternatives would get $200 million in annual randd funding from oil drilling revenue. That's small change compared to the $2.4 billion in stimulus funding the Obama administration secured from Congress in its first term for battery manufacturing plants and the billions more loaned out under a separate program approved during the George W. Bush administration to help EV makers start production. But in an era of budget cuts, it is the funding the White House thinks it can get. At this point, the stimulus funding for the construction of EV and battery plants has been spent. It drew a backlash from Republicans on Capitol Hill when recipients such as the battery manufacturers A123 and Ener1, as well as solar panel manufacturer Solyndra, went into bankruptcy. That has left the White House with virtually no chance of getting the Republican-controlled House to authorize more funding for advanced-vehicle and battery manufacturing plants. "If a lot of these grants had worked out, then they'd probably still be giving out money," said McKie Campbell, the former Republican staff director of the Senate Energy and Natural Resources Committee, which oversees many vehicle programs. To get approval for the research program, the White House would need to strike a deal with congressional Republicans. They have been cool to President Obama's initial bid but might go along if the program gets them something they want: expanded domestic oil drilling. Meanwhile, last month the Department of Energy said it is "not likely" to use the remaining $16.6 billion in the Advanced Technology Vehicles Manufacturing program, which provided more than $8 billion in loans to Ford Motor Co., Nissan North America, Fisker Automotive and Tesla Motors in 2009 and 2010. It originally was thought that the Advanced Technology Vehicles Manufacturing program, created under President George W. Bush, could loan money to General Motors and Chrysler to help them develop EVs and fuel-efficient cars after they emerged from bankruptcy. But these days large automakers are not applying for the loans, partly because of the political backlash and partly because of the conditions that the Department of Energy places on its loans, sources say. In order to make a loan, the government must be first in line for repayment. That is something that automakers were willing to accept when the financial system locked up in 2008, but not today, since other sources of capital, with low interest rates, have become available. The applicants that remain are small startups, which are too risky to be attractive. According to a March report by the Government Accountability Office, the Energy department has received seven applications for a total of $1.48 billion, but considers them "inactive," in some cases because the companies lack outside financing and in some cases because the technology is not ready. "If you had companies lined up for loans, then I think you'd see a different response. But there's nobody waiting," said a source close to the DOE loan program. Officials are "caught in a weird place where they have money to give out, and no companies that want it," the source added. "It's very odd." White House officials are not pulling the plug on programs that promote the sale of electric vehicles. Buyers of plug-in hybrids and EVs still get a $7,500 credit, and there is no indication that will change. Meanwhile, the new fuel economy standards that ramp up to 54.5 mpg in 2025 give double credits to companies that build electric vehicles. But the money from President Obama's proposed Energy Security Trust would also go toward hydrogen fuel cells, biofuels and natural gas. Some consider that a recognition that batteries alone are not destined to replace the gasoline engine. "The change I see in the administration is that they're becoming open to a broader set of technologies," said John German, a senior fellow at the International Council on Clean Transportation. "They're still gung-ho on EVs, but they're at least acknowledging that there are other solutions." Andy Karsner, an assistant secretary at DOE during the Bush administration and now a consultant, said the research plan has limited potential, like earlier pushes by the Bush and Clinton administrations. That is because a single large corporation -- such as a major automaker or supplier -- spends more on vehicle randd than the entire DOE. But Karsner said there are areas where these companies will not spend the money needed to develop the next generation of cars. That includes developing better anodes and cathodes for batteries and improved natural gas storage tanks. "There's a lot the federal government can do that the market won't," Karsner said. But through the years, there has been little genuine focus on replacing oil, he added, though "we've spent a lot of funds and we've had a lot of photo ops."]]></description>
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<title><![CDATA[Fisker without Fisker: What's next?]]></title>
<link><![CDATA[http://www.autonews.com/article/20130318/OEM02/303189961/fisker-without-fisker-whats-next]]></link>
<guid>http://www.autonews.com/article/20130318/OEM02/303189961/fisker-without-fisker-whats-next</guid>
<pubDate><![CDATA[Mon, 18 Mar 2013 00:01:00 EDT]]></pubDate>
<description><![CDATA[LOS ANGELES -- What happens to Fisker Automotive now that Henrik Fisker is gone? Having produced no cars since last summer and scrambling to find new investors, Fisker's fate may be to pawn its technology and assets to Chinese automaker Zhejiang Geely. That prospect may have led to the resignation ...]]></description>
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<title><![CDATA[U.S. Sen. Carl Levin, auto industry ally, won't seek 7th term]]></title>
<link><![CDATA[http://www.autonews.com/article/20130307/OEM11/130309869/u-s-sen-carl-levin-auto-industry-ally-wont-seek-7th-term]]></link>
<guid>http://www.autonews.com/article/20130307/OEM11/130309869/u-s-sen-carl-levin-auto-industry-ally-wont-seek-7th-term</guid>
<pubDate><![CDATA[Thu, 07 Mar 2013 18:07:05 EST]]></pubDate>
<description><![CDATA[WASHINGTON -- Carl Levin, the six-term Democratic senator from Michigan known for his steadfast backing of the U.S. auto industry, won't run for re-election in 2014, his office said. Levin, 78, has served in the Senate since 1979. In a statement on Thursday , he said he decided to retire because he ...]]></description>
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<title><![CDATA[Obama's switch on fuel cells is a smart move]]></title>
<link><![CDATA[http://www.autonews.com/article/20130304/OEM06/303049983/obamas-switch-on-fuel-cells-is-a-smart-move]]></link>
<guid>http://www.autonews.com/article/20130304/OEM06/303049983/obamas-switch-on-fuel-cells-is-a-smart-move</guid>
<pubDate><![CDATA[Mon, 04 Mar 2013 00:01:00 EST]]></pubDate>
<description><![CDATA[It is welcome news that the Obama administration has flip-flopped on fuel cells as a power source for electric vehicles. There is no evidence that fuel cells will save the world. But acknowledging that fuel cells could have potential is a significant change for an administration that from the ...]]></description>
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<title><![CDATA[DOE plans modest push for fuel cells]]></title>
<link><![CDATA[http://www.autonews.com/article/20130304/OEM06/303049971/doe-plans-modest-push-for-fuel-cells]]></link>
<guid>http://www.autonews.com/article/20130304/OEM06/303049971/doe-plans-modest-push-for-fuel-cells</guid>
<pubDate><![CDATA[Mon, 04 Mar 2013 00:01:00 EST]]></pubDate>
<description><![CDATA[WASHINGTON -- The U.S. Department of Energy soon will launch a campaign to promote hydrogen cars, embracing a technology that was favored by the administration of President George W. Bush but initially shunned under Barack Obama. The project is tentatively called H2USA, in reference to the chemical ...]]></description>
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<title><![CDATA[Tesla will accelerate repayment of U.S. loan, Musk says]]></title>
<link><![CDATA[http://www.autonews.com/article/20130226/OEM05/130229914/tesla-will-accelerate-repayment-of-u-s-loan-musk-says]]></link>
<guid>http://www.autonews.com/article/20130226/OEM05/130229914/tesla-will-accelerate-repayment-of-u-s-loan-musk-says</guid>
<pubDate><![CDATA[Tue, 26 Feb 2013 16:24:17 EST]]></pubDate>
<description><![CDATA[WASHINGTON -- Tesla Motors Inc. plans to repay its $465 million loan from the U.S. Department of Energy twice as quickly as planned, CEO Elon Musk said today. The electric-car company, which produces the Model S sedan, has hit all of its milestones for receiving DOE financing, said Musk, who was ...]]></description>
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<title><![CDATA[Audit blasts U.S. loans to support Michigan battery plant]]></title>
<link><![CDATA[http://www.autonews.com/article/20130213/OEM01/130219921/audit-blasts-u-s-loans-to-support-michigan-battery-plant]]></link>
<guid>http://www.autonews.com/article/20130213/OEM01/130219921/audit-blasts-u-s-loans-to-support-michigan-battery-plant</guid>
<pubDate><![CDATA[Wed, 13 Feb 2013 14:36:01 EST]]></pubDate>
<description><![CDATA[Editor's note: An earlier version of this story provided an incorrect history of federal loan guarantees and grants for advanced vehicles. Legislation that provided loan guarantees to retrofit U.S. plants to build advanced vehicles was signed by President George W. Bush. Grants for advanced battery ...]]></description>
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<title><![CDATA[U.S. Treasury failed to curb excess 2012 pay at GM, Ally, watchdog says]]></title>
<link><![CDATA[http://www.autonews.com/article/20130128/OEM/301289742/u-s-treasury-failed-to-curb-excess-2012-pay-at-gm-ally-watchdog]]></link>
<guid>http://www.autonews.com/article/20130128/OEM/301289742/u-s-treasury-failed-to-curb-excess-2012-pay-at-gm-ally-watchdog</guid>
<pubDate><![CDATA[Mon, 28 Jan 2013 14:34:21 EST]]></pubDate>
<description><![CDATA[WASHINGTON (Bloomberg) -- The U.S. Treasury Department "failed to rein in excessive pay" at bailed-out General Motors, Ally Financial Inc., and American International Group Inc., the rescue program's inspector general said. Sixteen of the 69 top employees at the three companies had 2012 pay packages worth at least $5 million and all but one had total compensation of $1 million or more, the Special Inspector General for the Troubled Asset Relief Program said in a report today. Since much of the compensation is in stock, only three of the executives had cash salaries of more than $1 million. Despite previous warnings by the special inspector general that the Treasury "lacked robust criteria, policies and procedures" to curb excessive pay, the department "made no meaningful reform to its processes," according to the report. The Treasury's decisions "were largely driven by the pay proposals" made by GM, Ally and AIG, according to the watchdog known by the acronym SIGTARP. "SIGTARP found that once again, in 2012, Treasury failed to rein in excessive pay," according to the report. Patricia Geoghegan, the Treasury's acting special master for TARP executive compensation, said she disagreed with the special inspector general's findings. The Treasury "has limited excessive compensation while at the same time keeping compensation at levels that enable" the three companies to remain competitive and repay their bailout money, Geoghegan said in a Jan. 25 letter to Christy Romero, the special inspector general. Top executives Pay for top executives at seven bailed-out companies was scrutinized and restricted by the Treasury special master's office starting in 2009. Chrysler Group, Chrysler Financial Corp., AIG, Bank of America Corp., and Citigroup Inc. have left TARP and are no longer subject to the special master's rulings. The Treasury plans to sell its remaining shares in GM in the next 12 to 15 months and end its ownership in the automaker, which received $50 billion in taxpayer money in a bailout that began in 2009. In December, when it announced plans to unload its GM shares, the government lifted some restrictions on the company, such as a prohibition against traveling on company-owned aircraft. GM CEO Dan Akerson has openly complained the pay caps have hurt the company's ability to recruit and retain top executives. Akerson's 2012 compensation package was set at $9 million with a cash salary of $1.7 million and stock salary of $7.3 million, The Detroit Free Press reported. A Treasury Department official told the Free Press today that the Treasury does not plan to lift the pay restrictions until it has sold all of its shares. GM will disclose final 2012 compensation levels for its top five executives this spring. "General Motors is performing at its highest levels in years with a string of 11 profitable quarters and soon will have one of the industry's newest product lineups, while complying with all TARP restrictions and Special Master's decisions," GM said in a statement today responding to the watchdog report. U.S. Treasury officials last year froze Akerson's pay and authorized a 12 percent cut in total compensation for GM's top executives. But several top GM executives received increases, according to today's report. GM Vice Chairman Stephen Girsky, who was later appointed as interim president of GM's struggling European operations, received a $5.4 million package, including a $600,000 cash salary. GM CFO Daniel Ammann received a $5 million package with a cash salary of $750,000. The report specifically challenged raises for two leaders of GM's European operations. GM has lost more than $16 billion in Europe over the last 13 years. Four GM executives were awarded raises of 15 percent to 23 percent "on the basis that they were among the individuals that GM's CEO most relied on, and they had received significant promotions or increased job responsibilities," according to the report. "While taxpayers struggle to overcome the recent financial crisis and look to the U.S. government to put a lid on compensation for executives of firms whose missteps nearly crippled the U.S. financial system, the U.S. Department of the Treasury continues to allow excessive executive pay," the report said. The Treasury approved all 18 pay raises requested by the companies. But Geoghegan, the Treasury's "pay czar," agreed to shift more pay away from longer-term incentive pay. GM and Ally each proposed nine pay raises, and AIG proposed one pay raise worth $1 million, the report said. Treasury approved raises of 15 percent to 23 percent without any further detail or analysis for four employees "on the basis that they were among the individuals that GM's CEO most relied on, and they had received significant promotions or increased job responsibilities," the audit said. Ally, the auto lender formerly known as GMAC that received a $17.2 billion rescue, is the non-bankrupt parent of bankrupt Residential Capital LLC. ResCap filed for reorganization in May. An examiner is due to issue a report in April concerning a proposed settlement between Ally and ResCap. The Congressional Budget Office estimated in October that TARP would ultimately cost taxpayers $24 billion, less than the $109 billion projected in March 2010. Congress authorized $700 billion for the financial rescue in October 2008, and the bill was signed into law by President George W. Bush. About $418 billion of the $700 billion has been used, and the Treasury has recovered $389 billion. AIG, the New York-based insurer that left TARP in December, has said the pay limits imposed as part of a rescue package that swelled to $182.3 billion harmed its ability to attract, retain and motivate employees. Proceeds from the Treasury's sale of its remaining AIG shares boosted U.S. profit on that bailout to $22.7 billion. AIG's managers may now get more incentive pay, Chairman Steve Miller said in a Bloomberg Television interview last week. He said the compensation committee met to design the bonus program, and targets may be set within two months. AIG Chief Executive Officer Robert Benmosche, 68, received less than some peers in 2011. He got about $14 million in total compensation, including a $3 million salary and $10.9 million in stock awards, according to a regulatory filing. Jay Fishman, the CEO of Travelers Cos., the only insurer in the Dow Jones Industrial Average, received $16.5 million. John Strangfeld, CEO of Prudential Financial Inc., the No. 2 U.S. life insurer, got $23.7 million. Bloomberg and David Phillips contributed to this report]]></description>
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<title><![CDATA[Hunting for designers]]></title>
<link><![CDATA[http://www.autonews.com/article/20130114/OEM03/301149964/hunting-for-designers]]></link>
<guid>http://www.autonews.com/article/20130114/OEM03/301149964/hunting-for-designers</guid>
<pubDate><![CDATA[Mon, 14 Jan 2013 00:01:00 EST]]></pubDate>
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<title><![CDATA[Obama finding what's good for GM not so good for taxpayers]]></title>
<link><![CDATA[http://www.autonews.com/article/20121108/OEM/121109875/obama-finding-whats-good-for-gm-not-so-good-for-taxpayers]]></link>
<guid>http://www.autonews.com/article/20121108/OEM/121109875/obama-finding-whats-good-for-gm-not-so-good-for-taxpayers</guid>
<pubDate><![CDATA[Thu, 08 Nov 2012 12:20:12 EST]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- The General Motors bailout played an important role in the re-election of President Barack Obama, who stumped on the issue in Midwestern swing states. Now comes the hard part: unloading the government's stake, probably at a big loss. GM received $51 billion from the U.S. ...]]></description>
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<title><![CDATA[Bailout Boosts Obama (11/7/12)]]></title>
<link><![CDATA[http://search.autonews.com/v/65977661/bailout-boosts-obama-11-7-12.htm?]]></link>
<guid>http://search.autonews.com/v/65977661/bailout-boosts-obama-11-7-12.htm?</guid>
<pubDate><![CDATA[Wed, 07 Nov 2012 08:35:27 EST]]></pubDate>
<description><![CDATA[GM, Chrysler rescues help deliver Ohio; cost of Hyundai-Kia MPG payback; 300 Fisker Karmas lost; Lincoln marketing push.]]></description>
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<title><![CDATA[Obama leverages auto bailout for crucial Midwest wins]]></title>
<link><![CDATA[http://www.autonews.com/article/20121107/OEM02/121109899/obama-leverages-auto-bailout-for-crucial-midwest-wins]]></link>
<guid>http://www.autonews.com/article/20121107/OEM02/121109899/obama-leverages-auto-bailout-for-crucial-midwest-wins</guid>
<pubDate><![CDATA[Wed, 07 Nov 2012 07:16:26 EST]]></pubDate>
<description><![CDATA[(Bloomberg) -- Clarissa Wright says Barack Obama's decision to bail out the U.S. auto industry gave the president the edge he needed to win Ohio, and ultimately, re-election. Wright, 36, who operates a state-subsidized day care center in East Liverpool, Ohio, near the Pennsylvania and West Virginia ...]]></description>
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<title><![CDATA[Detroit 3 profits underscore auto industry gains under Obama]]></title>
<link><![CDATA[http://www.autonews.com/article/20121103/OEM01/121109946/detroit-3-profits-underscore-auto-industry-gains-under-obama]]></link>
<guid>http://www.autonews.com/article/20121103/OEM01/121109946/detroit-3-profits-underscore-auto-industry-gains-under-obama</guid>
<pubDate><![CDATA[Sat, 03 Nov 2012 00:01:00 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- U.S. automakers would endorse four more years with profits like those this week. A second term for President Barack Obama, who made saving General Motors Co. a campaign pillar, hinges on whether voters give him the credit. Four years ago, GM and Chrysler Group LLC's ...]]></description>
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<title><![CDATA[U.S. automakers protest distortions in Romney ad]]></title>
<link><![CDATA[http://www.autonews.com/article/20121101/OEM/121109994/u-s-automakers-protest-distortions-in-romney-ad]]></link>
<guid>http://www.autonews.com/article/20121101/OEM/121109994/u-s-automakers-protest-distortions-in-romney-ad</guid>
<pubDate><![CDATA[Thu, 01 Nov 2012 07:36:30 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- 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 Co. and Chrysler Group LLC, which are being pulled into the election against their ...]]></description>
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<title><![CDATA[If elected, Romney promises a hard look at mpg standards, EVs, China, union drives]]></title>
<link><![CDATA[http://www.autonews.com/article/20121029/OEM01/310299952/if-elected-romney-promises-a-hard-look-at-mpg-standards-evs-china]]></link>
<guid>http://www.autonews.com/article/20121029/OEM01/310299952/if-elected-romney-promises-a-hard-look-at-mpg-standards-evs-china</guid>
<pubDate><![CDATA[Mon, 29 Oct 2012 00:01:00 EDT]]></pubDate>
<description><![CDATA[A Mitt Romney White House could reverse Obama administration support for higher fuel-economy standards and electric vehicles. That's among changes that could happen, based on Romney's campaign positions. If the son of former American Motors chief George Romney defeats President Obama on Nov. 6, it ...]]></description>
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<title><![CDATA[How Romney could attack Obama's auto bailout]]></title>
<link><![CDATA[http://www.autonews.com/article/20121017/BLOG06/121019868/how-romney-could-attack-obamas-auto-bailout]]></link>
<guid>http://www.autonews.com/article/20121017/BLOG06/121019868/how-romney-could-attack-obamas-auto-bailout</guid>
<pubDate><![CDATA[Wed, 17 Oct 2012 12:49:05 EDT]]></pubDate>
<description><![CDATA[Most voters know that Republican presidential challenger and Michigan native Mitt Romney is a businessman with a lifetime connection to the auto industry. His dad was CEO of the former American Motors Corp. and governor of Michigan. So one must wonder why he continues to make factually inaccurate ...]]></description>
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<title><![CDATA[Debating the Bailout (10/17/12)]]></title>
<link><![CDATA[http://search.autonews.com/v/64884168/debating-the-bailout-10-17-12.htm?]]></link>
<guid>http://search.autonews.com/v/64884168/debating-the-bailout-10-17-12.htm?</guid>
<pubDate><![CDATA[Wed, 17 Oct 2012 08:48:17 EDT]]></pubDate>
<description><![CDATA[Romney, Obama spar over industry rescue; NADA's next chiefs; GM's Reuss gets a laugh; Martha Stewart touts Toyota]]></description>
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<title><![CDATA[GM, Detroit Debated (10/12/12)]]></title>
<link><![CDATA[http://search.autonews.com/v/64650278/gm-detroit-debated-10-12-12.htm?]]></link>
<guid>http://search.autonews.com/v/64650278/gm-detroit-debated-10-12-12.htm?</guid>
<pubDate><![CDATA[Fri, 12 Oct 2012 13:19:34 EDT]]></pubDate>
<description><![CDATA[GM, Detroit debated in primetime | VW budget brand? | Lapham on Caddy’s executive ‘call’]]></description>
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<title><![CDATA[Ford would have shut without GM, Chrysler aid, Rattner says]]></title>
<link><![CDATA[http://www.autonews.com/article/20121009/OEM/121009878/ford-would-have-shut-without-gm-chrysler-aid-rattner-says]]></link>
<guid>http://www.autonews.com/article/20121009/OEM/121009878/ford-would-have-shut-without-gm-chrysler-aid-rattner-says</guid>
<pubDate><![CDATA[Tue, 09 Oct 2012 11:20:02 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Ford Motor Co., the only large U.S. automaker that didn't receive a U.S. government bailout, would've failed along with General Motors and Chrysler if President Barack Obama's administration hadn't rescued the industry, said Steven Rattner, who headed Obama's auto task force. ...]]></description>
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<title><![CDATA[The Bailout Truth Squad throws a flag]]></title>
<link><![CDATA[http://www.autonews.com/article/20120913/BLOG06/120919929/1407]]></link>
<guid>http://www.autonews.com/article/20120913/BLOG06/120919929/1407</guid>
<pubDate><![CDATA[Thu, 13 Sep 2012 15:20:47 EDT]]></pubDate>
<description><![CDATA[In our relentless effort to protect the truth during an election year, the Auto Bailout Truth Squad has convened again this week. Today we look at a story from Bloomberg on Wednesday that stemmed from a TV interview conducted with Harvey Golub, the former chairman of the bailed-out financial and ...]]></description>
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<title><![CDATA[GM, Chrysler bailouts draw ire of former AIG chairman]]></title>
<link><![CDATA[http://www.autonews.com/article/20120912/OEM/309129860/1424]]></link>
<guid>http://www.autonews.com/article/20120912/OEM/309129860/1424</guid>
<pubDate><![CDATA[Wed, 12 Sep 2012 12:49:22 EDT]]></pubDate>
<description><![CDATA[DETROIT (Bloomberg) -- Harvey Golub, the former chairman of American International Group Inc., said President Barack Obama "violated every bankruptcy principle known to man" in the rescue of General Motors Co. and Chrysler Group LLC. "One of the major elements of a bankruptcy is that debtors ...]]></description>
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