Posted: 07/30/2010 05:01 PM
A year after the government's big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in his administration's battle to revive a hurting U.S. economy. But his upbeat assessment can't mask daunting challenges for U.S. automakers and painfully high unemployment.
Posted: 07/30/2010 07:54 PM
President Obama came to Michigan to tout the success of the auto industry and the economic boom he says its playing in restoring the economy. But, in Detroit, unemployment remains high and while the big three auto companies continue to improve, they are not yet back to their old powerhouse-selves.
Posted: 07/30/2010 02:05 PM
President Barack Obama, in the heart of the U.S. auto industry, told a crowd of workers that the government bailouts of General Motors Co. and Chrysler Group LLC are giving taxpayers a return on their investment.
Posted: 07/31/2010 05:54 AM
DETROIT—A year after the government’s big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in his administration’s battle to revive a hurting U.S. economy.
Posted: 07/29/2010 06:00 AM
Here are the average auto loan rates from Bankrate's weekly survey of large banks and thrifts.
Posted: 07/30/2010 05:02 PM
In Speech to Michigan Autoworkers, President Obama Says Industry Growth has Vindicated his Auto Bailout Decision
Posted: 07/30/2010 04:54 PM
President Obama rallied autoworkers at a Chrysler plant in Detroit Friday, telling workers that his administration's decision to rescue the ailing auto industry in 2009 kept their jobs alive and was the right decision, despite "naysayers in Washington" -- in other words, Republicans in Congress -- who didn't think the auto bailout was a good idea. Mr. Obama highlighted the fact that the big ...
Posted: 07/30/2010 09:25 AM
One year ago, America's automakers were facing one of the worst sales slumps to ever hit the industry, the effects of which even caused two of them to file for bankruptcy. In response, the government attempted to bailout struggling firms in the auto industry by providing them with cheap loans funded by taxpayers. Americans were mixed about the...
Posted: 07/31/2010 03:24 AM
DETROIT -- A year after the government's big auto-industry bailouts, President Barack Obama on Friday trumpeted increased car sales and progress on battery-powered vehicles as a beacon of success in h
Posted: 07/30/2010 10:14 AM
Barack Obama will stop at three auto plants over the next several days, visiting General Motors and Chrysler factories in Michigan on Friday and a Ford facility in Chicago next Wednesday.