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Browse Federal government articles

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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[VIDEO] See this Ferrari LaFerrari do donuts inside
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Mechanic takes BMW M4 Coupe for refill, crashes it
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Recall roundup: BMW X5 for airbag problems
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[VIDEO] Ferrari 488 GTB filming its promo
The Ferrari 488 GTB has been spotted recently on the road where it was filming its first promotional video. Ferrari has ...
[VIDEO] Dodge Challenger SRT Hellcat goes drifting
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Renault Captur and Kadjar might get RS versions
The two crossovers currently produced by Renault, the Captur and the Kadjar, are expected to receive Renaultsport versions in the ...
Trailer carrying McLaren MP4-12C gets hit by train, supercar destroyed
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[VIDEO] Ferrari LaFerrari goes drifting, almost crashes on the Ring
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Cadillac CT6 to bring lightweight approach to GM products
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Dodge to produce 1,000 more SRT Hellcats
Dodge has recently announced that the production of the Challenger SRT Hellcat and Charger SRT Hellcat will be supplemented by ...
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US: FCA sales streak puts pressure on dealers
Fiat Chrysler Automobiles US, formerly the Chrysler Group, is set to report its sales for March on April 1 and ...
Audi RS3 Sedan planned for the U.S.
Audi is planning the introduction of the RS3 Sedan in the United States which will sit above the current S3 ...
Audi R8 V10 Plus Vegas Yellow seen in Germany
A Vegas Yellow finished version of the new Audi R8 V10 Plus generation has been spotted recently in Germany, at ...
US: Lincoln tries to restore positive momentum by reintroducing the Continental nameplate
Ford, just like its cross-town rival General Motors, has a serious problem with its premium brand – Lincoln – which ...