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US government proposes increased fines on auto safety issues


The Obama administration has moved to promote the NHTSA substantially increasing the legal fine for an automaker that doesn’t reveal safety defects. While this move should act as a deterrent for the automakers, it’s at the moment still only a proposal – because it first needs Congressional approval and it’s still unclear if it could retroactively apply to General Motors as ...
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More Federal government articles

US government finds out it lost more money with GM
Back in 2009, General Motors was exiting its bankruptcy procedure as a clean “new” company, managing to save thousands of worldwide jobs. While Ford narrowly averted the same procedure and Chrysler ...
Report – Daimler receives government backing in refrigerant dispute
In the controversial dispute between Daimler and France, the German automaker has reportedly received the Federals Government support and they also would like to reform the EU's approval process for ...
Ally Financial posts Q4 profit as U.S. auto sales increase
Ally Financial, the biggest U.S. auto lender, posted a fourth-quarter profit as more consumers purchased cars and trucks. The company's net income was $1.4 billion, compared with a loss of $206 ...
Tesla reportedly needing more loans to survive in 2013
Tesla Motors will be in a very difficult situation next year without loans from the U.S. Department of Energy, MarketWatch reports. Without the hundreds of millions of dollars received by Tesla ...
General Motors and the federal government, or how taxpayers will lose big
We all know that back in 2008 General Motors was bailed out by the federal government. At that time the feds came with $49.5 billion; yes, a lot of money. In ...
GM, Ally Financial, AIG CEOs won’t get raises for 2012
Top executives at three companies including GM, Ally Financial and AIG were ordered to take pay cuts by the federal government. Overall chief executive compensation at GM, American International Group Inc. ...
Loans for Tesla Motors’s New Models
Tesla Motors Inc. Chairman and Chief Executive Elon Musk declared that the company is on the schedule with the terms of the loan from the federal government and that it ...
GM CEO advocates proposed fuel economy standards
General Motors' CEO Dan Akerson spoke highly of the Obama administration's deal with 13 major automakers to nearly double fuel economy standards to 54.4 mpg by 2025, saying it would ...
Federal government to buy electrics and smaller cars
The US administration will only buy vehicles using alternative energy sources to equip its fleet by the end of 2015, President Barack Obama announced Tuesday. In tandem with the president’s memorandum, ...

latest automotive news
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2016 CT6 Cadillac gets streaming rearview technology
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US: Ally gets out of 6 years bailout
Ally Financial Inc. stated that it would finally resolve its bailout after the U.S. government will sell the last $1.25 ...
Daimler puts aside €600 million for EU antitrust investigation
The Germany-based company, Daimler, stated on Thursday it is putting aside 600 million euros to cover any potential costs that ...
Renault-Nissan and AvtoVAZ merge into Russia’s biggest auto parts buyer
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Report – Volkswagen will meet its 2017 cost-cutting goal
Volkswagen CEO, Martin Winkerton, has said according to a source that the carmaker is on the right track to reach ...
GM’s bankrupt predecessor helps customers get the $10 billion compensation
General Motors customers gained a new friend in their run for the compensation worth $10 billion. The automaker’s bankrupt predecessor ...
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Ford closes Genk Plant in Belgium
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Toyota will invest $126M to expand powertrain operations
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