Topic: General Motors Corporation
GM's Lutz says hybrids, electrics are future
AP News
GM's Lutz, retiring after 47 years, says hybrids, electrics are futureWARREN, Mich. — General Motors Co. will keep making big trucks and SUVs because U.S. buyers demand them, but a major portion of them will be gas-electric hybrids in the near future, retiring Vice Chairman Bob Lutz said Friday ...
Toyota discounts boost sales
Reuters US Online Report Domestic News
DETROIT/WASHINGTON (Reuters) - Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures. Toyota's U.S. sales surged by nearly 50 percent in the first eight days of March compared with ...
Watchdog: GMAC bailout could cost taxpayers $6.3B
AP News
Watchdog says Treasury lacks exit plan from GMAC bailout, taxpayers could lose $6.3 billionThe Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers $6.3 billion, a new watchdog report says. The ...
U.S. bailout watchdog criticizes Treasury over GMAC
Reuters US Online Report Business News
WASHINGTON (Reuters) - The U.S. Treasury's decision against a bankruptcy restructuring for GMAC may have increased taxpayer bailout costs for the auto finance company and made it less viable, an oversight group said on Thursday. The Congressional Oversight Panel, in a new monthly report, said despite three separate bailouts ...
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