Republican presidential candidates revved up discussion Wednesday night of the 2008 and 2009 auto bailouts of General Motors Co. and Chrysler Group LLC during the 20th, and perhaps final, Republican debate in Arizona.
The Arizona CNN Republican debate, perhaps the last in the roller-coaster campaign to challenge President Barack Obama, saw rivals piling criticism on Rick Santorum, who was apparently trying to build on his surprise rise in recent polls.
A super PAC supporting President Barack Obama in his re-election campaign released its first ad Wednesday, blasting Republican Mitt Romney for his opposition to the program of government loans to rescue General Motors and Chrysler.
The four words that envelop the headline nag along behind Mitt Romney wherever he campaigns on stops in Michigan. Let Detroit Go Bankrupt.
These were the four words that served as the theme and message of an opinion-editorial Romney penned more than three years ago for The New York Times. It came in the midst of bipartisan bailouts to the swooning auto industry, in a time of debate over how to save what was once Michigan's most prestigious industry in its most prestigious city.
The auto industry is the engine of the Michigan economy, but Mitt Romney's opposition to the ultimately successful government rescue of General Motors and Chrysler won't be a major concern of Republican voters in the state's Feb. 28 primary, observers say.
Chrysler Group on Thursday withdrew its application for a $3.5 billion Advanced Technology Vehicles Manufacturing loan from the Dept. of Energy after the company's financial outlook improved and the government ramped up its lending standards.
Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.
General Motors Co. has posted its best annual profit, which jumped 62 percent to $7.6 billion, beating expectations and breaking records two years after it nearly collapsed into bankruptcy.
Consumer advocates released their fourth annual ranking of car interiors that included over 200 vehicles produced in 2011-12gave the Civic top pick while both Outlander and the Chrysler 200 SC ranked the worst in interior pollution.
Mitt Romney went on the offensive Tuesday on one of Michigan's biggest industries, the automotive industry, lambasting the bailouts to General Motors Co. and Chrysler Group LLC from President Barack Obama and proclaiming himself a son of Detroit.
Sales at U.S. retailers climbed slightly in January as Americans took advantage of post-holiday promotions, and although Tuesday's data fell short of economists' median projection, it still provided yet another hopeful sign of a strengthening economy.
As the political discussion continues over Chrysler's popular Halftime in America Super Bowl commercial starring Clint Eastwood, Saturday Night Live took the task of spoofing this latest controversy. Three times.
Lower value of the United States government's stock in General Motors Co. and American International Group will dump $21 billion more on the 2013 budget President Barack Obama released on Monday.
In the latest blow to Mitt Romney's aura of inevitability, a Republican presidential poll has Rick Santorum outperforming Mitt Romney in his home state of Michigan.
Sales at U.S. retailers probably climbed in January as Americans bought more new cars and shoppers took advantage of post-holiday promotions, a sign that the U.S. economy is recovering, economists said before a report this week.
Republican presidential candidate Mitt Romney always had a love for American cars, growing up as the son of a chief auto executive. However, in 2008 the former Massachusetts governor strongly opposed a bailout intended to aid the diminishing General Motors, Chrysler and Ford manufacturers. And now he’ll have to explain his reasoning if he wants to dominate Michigan’s primary on Feb. 28, according to Reuters.
North Korea's Ryugyong hotel, described the worst building in the history of mankind, by Esquire magazine, is set to open partially for business this spring, 23 years behind the schedule, Yonhap news agency in Seoul reported.
CNN analyst Roland Martin has been suspended indefinitely after posting several homophobic tweets during the Super Bowl. Martin has agreed to meet with GLAAD, a gay rights group, and CNN has condemned them as regrettable and offensive. But compared to other Twitter controversies, Martin got off easy: for seven other celebrities, their tweets got them fired.
Several members of the production crew of Chrysler Group LLC's Halftime in America commercial starring Clint Eastwood also made art in support of President Barack Obama's 2008 presidential campaign.
Before he emerged in a controversial Super Bowl ad as the gravelly voice of Chrysler's resurgence, Clint Eastwood was a critic of the government bailout that saved the U.S. automaker.
Clint Eastwood is setting the record straight about his improbably controversial Chrysler ad that aired on Sunday's Super Bowl.
Clint Eastwood is setting the record straight about his improbably controversial Chrysler ad that aired on Sunday's Super Bowl.
