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Obama Aims to Allay Auto Lobby Concern on Korea Trade

Sat, 21 Nov 2009 00:00:00 -0800

Bloomberg - By Edwin Chen, Julianna Goldman - Nov. 21 (News Report) - President Barack Obama said he is committed to pushing through a free trade agreement with South Korea that has been stalled by the U.S. auto lobby and unions, who argue it doesn’t do enough to open up Korean markets. Obama’s joint press conference in Seoul today with South Korean counterpart Lee Myung Bak was a last chance on his four- nation Asia trip to show he opposes protectionism. The accord has been held up in Congress, where lawmakers are demanding wider access for Chrysler Group LLC, Ford Motor Co. and General Motors Co. Lee said today he is willing to reopen talks on the auto industry.

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Vehicle telemetry: Calling all cars

Thu, 19 Nov 2009 00:00:00 -0800

Economist - Nov. 19 (Special Report) - One way or another, a quarter of the world’s new cars will be equipped with some form of remote monitoring and control system by 2016, predicts Egil Juliussen, an analyst with iSuppli, a Californian company that monitors technology trends. The result will be cars that are not only impossible to steal, but can also call the emergency services if the airbags go off in an accident, make themselves more comfortable to drive before their owners get in, and even admit an owner who has mislaid his keys. (Every month more than 60,000 OnStar subscribers ask for the doors of their cars to be unlocked remotely, because they have locked themselves out.)

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G.M., Citing Progress, Reports Loss of $1.15 Billion

Mon, 16 Nov 2009 00:00:00 -0800

Associated Press - By Nick Bunkley - Nov. 16 (News Report) - it [ GM ] plans to make a $1 billion payment to the federal government in december, more than five years before the loans are due, and to make similar quarterly payments after that.

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GM Plans to Repay U.S. Loan

Mon, 16 Nov 2009 00:00:00 -0800

Wall Street Journal - By John D. Stoll - Nov. 16 (News Report) - General Motors Co. plans to begin paying back a $6.7 billion loan it owes the U.S. government starting late this year, putting it on track to potentially repay the entire note by the middle of 2011, said a person familiar with the matter. But in a move that could be controversial and risky, the car maker plans to use other money it received from the government to pay back the borrowing.

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Ford Earns $997 Million, Projects Solid 2011 Profit

Mon, 02 Nov 2009 00:00:00 -0800

Bloomberg - By Keith Naughton - Nov. 02 (News Report) - Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, posted net income of $997 million in the third quarter and its first operating profit since early 2008. Ford said it expects to be “solidly profitable” in 2011.

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Clever 'chopped' cars promise cheap electric commuting

Fri, 30 Oct 2009 00:00:00 -0700

New Scientist - By Tom Simonite - Oct. 30 (Special Report) - Clever 'chopped' cars promise cheap electric commuting

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Beijing’s Air Is Steadily Getting Cleaner, but the War Is Far From Won

Sun, 18 Oct 2009 00:00:00 -0700

New York Times - By Michael Wines - Oct. 18 (News Report) - After tough measures by Chinese authorities to curb emissions, the trend toward clearer skies in Beijing — one of the most polluted cities in the world — is steady and undeniable.

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The electrification of motoring: The electric-fuel-trade acid test

Thu, 03 Sep 2009 00:00:00 -0700

Economist - Sep. 03 (Special Report) - Internal-combustion engines have dominated mechanised road transport for a century, but the past year or so has seen the arrival of a dribble of vehicles driven by electric motors. That these are the products of small, new firms, or of established non-carmaking companies, supports the Bower-Christensen thesis. But next year the big boys, encouraged by legislative pressure to produce low-emission vehicles, will leap out of the boiling water and join in. Their progress towards greenery will be an important theme of the Frankfurt motor show this month.

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The Final Numbers on ‘Clunkers’ - Wheels Blog - NYTimes.com

Wed, 26 Aug 2009 00:00:00 -0700

New York Times - By Richard S. Chang - Aug. 26 (News Report) - The top 10 traded-in vehicles were American brands and eight of the top 10 purchased vehicles were foreign brands.

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'Clunkers' Program Benefits Foreign Automakers More, Data Shows

Sun, 23 Aug 2009 00:00:00 -0700

Fox News - Aug. 23 (News Report) - The Obama administration has declared the wildly popular 'Cash for Clunkers' program a success, saying it has revived the country's ailing auto industry and taken polluting vehicles off the road. But the data shows that the program, which ends Monday,

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‘Clunkers’ effect on pollution? A blip

Wed, 05 Aug 2009 00:00:00 -0700

Associated Press - Aug. 05 (News Report) - "Cash for clunkers" could have the same effect on global warming pollution as shutting down the entire country for an hour per year. Climate experts aren?t impressed. ...

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Greenpeace study finds oil companies may be doomed

Tue, 28 Jul 2009 00:00:00 -0700

The Guardian - By David Teather - Jul. 28 (Special Report) - Environmental activist network argues that the oil industry might be approaching a tipping point from fall in the price, advances in technology and policies on climate change A long-term decline in the demand for oil could undermine the huge investments in Canadian tar sands, which have been heavily opposed by environmentalists, according to a report published today. The report, by Greenpeace, will make uncomfortable reading for the companies that are investing tens of billions of pounds to exploit the hard-to-extract oil in the belief that demand and the price would climb inexorably as countries such as China and India industrialise.

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Ford posts profit after one-time gains, shares rise | Reuters

Thu, 23 Jul 2009 00:00:00 -0700

Reuters - By David Bailey, Soyoung Kim - Jul. 23 (News Report) - DETROIT (Reuters) - Ford Motor Co posted a $2.3 billion quarterly net profit, mainly due to debt restructuring, and said it was on track to at least break even in 2011, sending its shares up more than 7 percent.

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Driven to Distraction - Dismissing the Risks of a Deadly Habit - Multitasking on the Road - Series - NYTimes.com

Sat, 18 Jul 2009 00:00:00 -0700

New York Times - By Matt Richtel - Jul. 18 (Investigative Report) - Extensive research shows the dangers of distracted driving. But drivers increasingly text and drive, even as they worry about the dangers of others doing it.

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Obama’s Chief Auto Adviser Steps Down

Tue, 14 Jul 2009 00:00:00 -0700

New York Times - By MICHAEL J. de la MERCED, DANNY HAKIM - Jul. 14 (News Report) - Steven Rattner, who has faced recent questions about his firm’s role in a pension scandal, will be succeeded by Ron Bloom.

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Auto Czar Quits Post Six Months Into the Job - WSJ.com

Mon, 13 Jul 2009 00:00:00 -0700

Wall Street Journal - By Neil King Jr - Jul. 13 (News Report) - Steven Rattner, the chief architect of the bailouts of General Motors and Chrysler, is leaving the Obama administration after less than six months on the job and just days after ushering GM through a speedy bankruptcy-court proceeding.

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Volatile Swings in Oil Prices Hobble Industry

Mon, 06 Jul 2009 00:00:00 -0700

New York Times - By Jad Mouawad - Jul. 06 (News Report) - The extreme volatility that has gripped oil markets for the last 18 months has shown no signs of slowing down, with oil prices more than doubling since the beginning of the year despite an exceptionally weak economy.

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Bankruptcy Judge Approves GM Sale

Mon, 06 Jul 2009 00:00:00 -0700

Washington Post - By Tomoeh Murakami - Jul. 06 (News Report) - General Motors won permission late Sunday night from a federal bankruptcy judge to sell its assets to a new government-backed company, setting the stage for the largest U.S. carmaker to complete a historic restructuring plan that is at the heart of the Obama administration's efforts to overhaul the ailing auto industry.

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High Court Asked to Block Chrysler Deal

Sun, 07 Jun 2009 00:00:00 -0700

New York Times - Jun. 07 (Special Report) - The federal appeals court in New York approved the sale Friday, but gave objectors until Monday afternoon to try to get the Supreme Court to intervene. Chrysler wants to sell the bulk of its assets to a group led by Italy's Fiat as part of its plan to emerge from bankruptcy protection. The emergency request goes first to Justice Ruth Bader Ginsburg, who handles such matters from New York. She can act on her own or refer it to the entire court.

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Obama’s Test - Restoring G.M. With a Limited U.S. Role

Tue, 02 Jun 2009 00:00:00 -0700

New York Times - By David E. Sanger - Jun. 02 (News Analysis) - Over the next few months, Mr. Obama and his auto task force will face many tests as they try to create a new paradigm for the nationalization, however temporary, of a storied and troubled emblem of American industry.

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U.S. Bets Billions on GM’s Resurgence

Tue, 02 Jun 2009 00:00:00 -0700

Washington Post - By Peter Whoriskey, Tomoeh Murakami Tse, Kendra Marr - Jun. 02 (News Report) - ... the plan poses significant political risks for his administration. Obama is gambling billions that GM can rise again after years of decline.

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GM rescue fraught with political risks for Obama

Tue, 02 Jun 2009 00:00:00 -0700

Detroit Free Press - By Todd Spangler - Jun. 02 (News Analysis) - ... the president will have to explain to tens of thousands of people who lose their jobs why the sacrifice he has ordered for GM is best for them and the nation.

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New Era in Autos as GM Set for Bankruptcy

Mon, 01 Jun 2009 00:00:00 -0700

Wall Street Journal - By Kevin Helliker, Neil King Jr., John D. Stoll - Jun. 01 (News Analysis) - The question now facing 56,000 auto workers, 3,600 GM dealers and the Obama administration: Will it work?

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For G.M., a Step Toward Bankruptcy and a New Start

Mon, 01 Jun 2009 00:00:00 -0700

New York Times - By David E. Sanger, Jeff Zeleny, Bill Vlasic - Jun. 01 (News Report) - President Obama will push General Motors into bankruptcy protection on Monday, making a risky bet that by temporarily nationalizing the onetime icon of American capitalism, he can save at least a diminished automaker that is competitive.

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U.S. Gets Majority Stake in New GM

Mon, 01 Jun 2009 00:00:00 -0700

Washington Post - By Peter Whoriskey - Jun. 01 (News Report) - The court filing will mark the end of financial independence for the 100-year-old industrial leviathan that once conflated its interests with the country's and that employed well over 1 million people, counting jobs at the company and at its suppliers.

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