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Saturday, December 16, 2017
auto industry

Congress And Cobalts

April 1, 2014

Dow Plunges While The One Sector Of Economy Where Government Intervened Reaps Profits

Stocks dropped sharply Thursday over persistent fears about debt troubles in Spain and Italy and the American economy straddling the line of recession, but one bright spot was the sector Republicans slammed as dead in 2008 and that government took an active role in rescuing: cars. General Motors indicated its second-quarter profits nearly doubled, thanks […]

August 4, 2011

Detroit Grumbles As Obama Hints At “Tough” New Fuel Rules

Can the American auto industry actually win the future? The Administration is considering a proposal that would double the current federal fuel-economy standard and would require cars and light trucks to guzzle gas at an average rate of 56.2 miles per gallon by 2025. The Big Three auto companies were not thrilled by the news […]

June 28, 2011