auto bailout

Will Fiat/Chrysler Need Another Bailout?

NLPC Associate Fellow Mark Modica was interviewed Wednesday by David Asman on the Fox Business Network on Moody's credit downgrade of Fiat. The Italian automaker, which owns Chrysler, is facing financial difficulties, even as President Obama is ballyhooing the "success" of the auto bailout. Here's a transcript:

More Green Energy Money Down the Drain

NLPC Associate Fellow Paul Chesser is interviewed on Fox Business Network's Money With Melissa Francis. Here is a transcript:

Embassies Facing Security Cuts Waste Money on Chevy Volts

Volt and Embassy officialThe U.S. military's newspaper, Stars & Stripes, recently reported that the Pentagon is buying Chevy Volts in a 1,500 electric-vehicle purchase, as part of the Defense Department's "green initiatives," which seek to reduce the country's dependence on foreign energy sources.

A recent Congressional Budget Office study challenged the assumption that electric vehicles have any impact on such dependence, prompting the question of why the government is spending money this way. Against the backdrop of the attack on our embassy in Benghazi, and looming embassy security cuts due to sequestration, it appears politics and ideology are trumping common sense.

VIDEO: Treasury Rejects Sale of GM Stake

NLPC Associate Fellow Mark Modica was interviewed last night on Fox Business Network's Willis Report. Here's a transcript:

GM CEO Akerson Responds to Criticism

Akerson photoGeneral Motors CEO & Chairman Dan Akerson has an op-ed in yesterday's Detroit Free Press in response to the growing chorus of criticism of the company in general, and his leadership in particular.  It is rather typical corporate PR, complete with a Teddy Roosevelt quote.

One line is odd, though. Akerson (or his flak) writes:

I believe our culture is our "secret weapon" and is on the way to being a true difference maker for us.

So, how is GM's culture,  according to Akerson?

Auto Bailout Legacy: GM's European Nightmare

Steve GirskyThree years into their forced marriage with GM, the American taxpayers have seen the value of their investment in GM deteriorate by approximately $24 billion, largely due to continuing European losses. Exposure in Europe has contributed to crushing the value of GM's stock due to its chaotic and failing Opel unit in Germany. While government, journalists and Wall Street sympathizers have given the Obama Administration and GM leadership an almost incomprehensible pass on this value destruction and massive loss (presumably due to the macro-economic nature of the crisis), it's time to call for the accountability that this new Board was supposedly going to deliver. 

VIDEO: Bailed-Out GM's Future in Doubt

NLPC Associate Fellow Mark Modica was interviewed by Tom Sullivan about GM's future on Fox Business Network on August 11. Here's a transcript:

Modica Criticizes Tax Credits to GM Dealers Selling Chevy Volts to Gov't

Chevy Volt Sales Figures Inflated With Fleet Purchases

Last night on Neil Cavuto's show on Fox News Channel, NLPC Associate Fellow Mark Modica discussed disappointing sales of the Chevy Volt, and GM's apparent goosing of sales figures through fleet sales. Here's a transcript:

Syndicate content