Articles About Auto Industry

Author:
James I. Clark III
Posted:
03.23.2011

TARP: Money Well Spent

A top Treasury official defended the federal government’s $700 billion bank bailout financial crisis-response program at a hearing where the effort was criticized by members of a watchdog panel insisting that it did more for Wall Street than Main Street. “The cost of TARP is likely to be no greater than the amount spent on […]

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Author:
James I. Clark III
Posted:
03.29.2010

TARP’s Price Tag: $109 Billion

The Congressional Budget Office has determined that the Troubled Asset Relief Program (TARP) will cost the government $109 billion – just 16 percent of the $700 billion set aside to rescue the nation from the great recession.  Insurance giant AIG and the auto industry are TARP’s largest beneficiaries. The federal government bought $40 billion in […]

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Author:
Mike Ricamato
Posted:
03.15.2010

Rest in Peace Hummer: A Legacy From 1992 – 2010

General Motors took its Hummer brand off life supports and will let the iconic SUV die a peaceful death.  GM’s brief statement said that its planned sale of Hummer to the Sichuan Tengzhong Heavy Industrial Machines Company “cannot be completed,” without giving a reason. The $150 million deal had been stalled as the companies awaited […]

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Author:
Mike Ricamato
Posted:

RIP Hummer: 1992 – 2010

General Motors took its Hummer brand off life supports and will let the iconic SUV die a peaceful death.  GM’s brief statement said that its planned sale of Hummer to the Sichuan Tengzhong Heavy Industrial Machines Company “cannot be completed,” without giving a reason. The $150 million deal had been stalled as the companies awaited […]

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