Appearing yesterday at a House of Appropriations committee hearing, the US Transportation Secretary Ray LaHood revealed that it might be better for existing Toyota owners to refrain from driving any model affecting by the recent unintended acceleration recalls, and wait until they can get it fixed at the dealership. “We need to fix the problem... ...read the full post
General Motors has given an early Christmas present to the US and Canadian governments, as it has begun paying back the large sums of money it received from the two entities. The US government has received $1 billion, while the Canadian one “just” $192 million. The company also highlighted the fact that it wants to pay back all of the money... ...read the full post
The year is coming to a close, and for US automakers General Motors and Chrysler, it’s been one heck of a ride. After paying a heavy toll to the recession, they were forced to seek out a whopping sum of $82 billion in bailout money from the US government so that they won’t be forced to close the doors of their factories. According to a... ...read the full post
Two of the biggest automakers in the world, GM and Chrysler, were fine with making average cars, while heavily promoting big heavy models which consumed quite a lot of fuel. After the recession hit, things weren’t so pretty and the US government decided to bail out the struggling corporations and task them with making new vehicles which will... ...read the full post
It seems that good news are coming from Detroit and Washington in these past few weeks, as after GM’s flamboyant claim that even though it has recorded a loss, it will start paying back those who bailed it out, Ron Bloom, the chief of the Obama Auto Task Force has revealed that he is quite pleased with what the Italians at Fiat are doing with... ...read the full post
Car collectors across the world have really been put to shame by none other than the United States Government, owning approximately 642,233 cars. Quite a lot to say the least, putting together this data from the General Services Administration, the Associated Press have reached the conclusion that the costs of maintaining all these cars in running... ...read the full post
