GMAC seeking more federal aid
NEW YORK (AP) GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government s entrenchment in the U.S. auto industry. The Treasury Departmen...
 3.7K - Oct. 28, 2009; scored 289.0 Bailed-out firms must slash pay for top executives
WASHINGTON The Treasury Department is expected today to order seven companies that have not paid back last year s government bailouts to halve their top executives average compensation. The cuts apply to the 25 highest-paid executives at banks and...
6.4K - Oct. 22, 2009; scored 277.0 Chinese manufacturer takes over Hummer
DETROIT (AP) Hummer, the off-road vehicle that once epitomized America s love for hulking trucks, is now in the hands of a Chinese heavy equipment maker. General Motors Co. and Sichuan Tengzhong Heavy Industrial Machinery Corp. finally signed the m...
4.6K - Oct. 10, 2009; scored 347.0 Eugene firm launching electric vehicle
Tim Christie, The (Eugene) Register-Guard EUGENE Tucked away in a nondescript garage off an unpaved alley in Eugene s Whiteaker neighborhood, a group of young entrepreneurs is trying to catch the next wave of human transport by building an affordab...
6.1K - Sep. 22, 2009; scored 277.0 Health debate obscures truth
Getting there early to assure myself a seat at the Obamacare town hall meeting in North Bend on Aug. 14, allowed me to be close to the action. I have much respect for Congressman Peter DeFazio, who has done many good things for his district and the s...
2.5K - Aug. 27, 2009; scored 210.0 Bernanke offers upbeat assessment
JACKSON, Wyo. Federal Reserve Chairman Ben Bernanke declared today that the U.S. economy is on the verge of a long-awaited recovery after enduring a brutal recession and the worst financial crisis since the Great Depression. Economic activity in b...
5.6K - Aug. 21, 2009; scored 210.0 Germany aims for a million electric cars
BERLIN (AP) Germany launched a campaign today to put 1 million electric cars on the road by 2020, making battery research a priority as it tries to position the country as a market leader. The program, which draws on $705 million set aside...
3.8K - Aug. 19, 2009; scored 402.0 Reliance on locally made biodiesel increases
PORTLAND Pulling up to the pump in a diesel car or rig? In Oregon from now on, a small portion of the fill-up will be soybean squeezings or recycled cooking grease. Biodiesel production has reached a level in Oregon that triggered a mandate from th...
4.5K - Aug. 10, 2009; scored 210.0 Senate expected to OK $2B refill for 'cash for clunkers'
WASHINGTON (AP) The Senate is poised to add $2 billion to the popular cash-for-clunkers program after lawmakers agreed to vote on the government car incentives and give shoppers until Labor Day to visit their local dealerships and make a...
5.3K - Aug. 6, 2009; scored 402.0 Auto plant shutdowns cloud jobless figures
WASHINGTON (AP) The number of newly laid-off Americans signing up for unemployment benefits last week, and those using this safety net over a longer period, both plunged. But the government figures released today were clouded by difficulties adjust...
4.6K - Jul. 16, 2009; scored 210.0 Cubs considering bankruptcy option
CHICAGO The corporate owner of the Chicago Cubs is considering having the baseball team file for bankruptcy protection as a legal step to hasten its long-awaited sale, according to two people with knowledge of the process. Tribune Co., which itself...
3.3K - Jul. 14, 2009; scored 210.0 GM exits bankruptcy; CEO vows to do better
DETROIT A leaner General Motors arose today, making an unusually quick exit from bankruptcy with ambitions of making money and building cars people are eager to buy. Once the world s largest and most powerful automaker, new GM is now cleansed of ma...
5.3K - Jul. 10, 2009; scored 481.0 Vietnam War defense chief dead at 93
WASHINGTON Robert S. McNamara, the cerebral secretary of defense who was vilified for his role in escalating the Vietnam War, a role he later deeply regretted, died today. He was 93. McNamara died at 5:30 a.m. at his home, his wife Diana told The A...
8.1K - Jul. 6, 2009; scored 210.0 Energy Dept. lends $8B to Ford, Nissan, Tesla
DEARBORN, Mich. (AP) - The Energy Department said today it would lend $5.9 billion to Ford Motor Co. and provide about $2.1 billion in loans to Nissan Motor Co. and Tesla Motors Inc., making the three automakers the first beneficiar...
3.9K - Jun. 23, 2009; scored 405.0 Iacocca urges quick repayment of gov't loans
DETROIT - Former Chrysler CEO Lee Iacocca has some advice for the people who are running his old company, and those who will lead the new General Motors: Get the government out of your business as soon as possible. Iacocca, a slick pitchman who beca...
6.2K - Jun. 22, 2009; scored 320.0 Court wades into Chrysler overhaul
NEW YORK - The Obama administration had expected Chrysler's sale to Italy's Fiat to close more than a week ago, and perhaps to have seen the automaker already emerge from bankruptcy protection. But the Supreme Court's decision to delay the sale while...
5.4K - Jun. 9, 2009; scored 210.0 'Cash for cars' comes to vote
WASHINGTON - Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a House proposal. President Barack Obama has urged Congress to approve consumer incentives ...
3.8K - Jun. 9, 2009; scored 249.0 Jobless rate hits 9.4 percent
WASHINGTON With companies in no mood to hire, the unemployment rate jumped to 9.4 percent in May, the highest in more than 25 years. But the pace of layoffs eased, with employers cutting 345,000 jobs, the fewest since September. The much smaller-th...
5.6K - Jun. 5, 2009; scored 210.0 GM hopes for speedy exit from Chapter 11
NEW YORK General Motors Corp. took two key steps toward its downsizing today, striking a tentative agreement to sell its Hummer brand and obtaining the first payout of federal loans for its European division. Detroit-based GM said it has reached a ...
6.6K - Jun. 2, 2009; scored 210.0 Obama details plans to help General Motors
WASHINGTON - President Barack Obama pushed General Motors Corp. into bankruptcy today and said it was part of a viable achievable plan that will give this iconic company a chance to rise again. Obama said he hoped the firm would emerge quickly from ...
2.6K - Jun. 1, 2009; scored 249.0 | 
