As President Obama designates the CEOs of all entities that receive federal money; General Motors, Ford, banks, states etc., will Congress need to ratify his choices? With such awesome responsibility on the shoulders of one man, would it not be prudent to name him "President" for life? ...more

April 5, 2009

Tom Wiley didn't have a lot to say at first. The general manager at Register Chevrolet was hearing on CNN what General Motors executives were doing to bolster sales. ...more

April 1, 2009

The rationale last year for loaning public money to General Motors and Chrysler was that if they crashed, the entire economy would be damaged. ...more

April 1, 2009

Some companies are in the steel business, some are in the cookie business, but General Motors is in the restructuring business. For 30 years, GM has been restructuring itself toward long-term viability. ...more

April 1, 2009

Sen. Mel Martinez expressed support for more bailout money for General Motors and Chrysler, saying the federal government cannot allow the U.S. auto industry to fail. ...more

March 31, 2009

President Barack Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant. ...more

March 30, 2009

Sen. Mel Martinez expressed support for more bailout funds for General Motors and Chrysler, saying the federal government "cannot allow" the U.S. auto industry to fail. ...more

March 30, 2009

The Obama administration plans to give General Motors Corp. enough government aid to restructure over the next 60 days, while Chrysler LLC will get up to $6 billion and 30 days to complete an alliance with Italian automaker Fiat SpA. ...more

March 29, 2009

General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry. ...more

March 29, 2009

By Tuesday, General Motors Corp. will have to decide whether its struggling Hummer brand will die a quiet death or live on with a new owner. ...more

March 29, 2009