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Obama Outlines Next Steps for GM and Chrysler

Green Car Congress

In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. President Obama. Chrysler, the President said, is “ more challenging ”. President Obama.

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Wagoner Out as GM CEO; Obama to Provide Details on New Auto Aid on Monday

Green Car Congress

The Detroit Free Press reports that the Obama Administration has asked GM CEO Rick Wagoner to resign, which Wagoner agreed to do today. President Obama will unveil his new rescue plan for GM and Chrysler in a White House ceremony on Monday. Not since President Franklin Roosevelt considered taking control of Ford Motor Co.

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Fiat purchasing US Treasury interest and rights in Chrysler for $575M

Green Car Congress

will pay US$500 million to purchase the UST’s 6% ownership interest in Chrysler. the outstanding equity in Chrysler. associated with the Chrysler ownership interests held by VEBA above a specified. Under the Equity Recapture Agreement, any proceeds to VEBA from its Chrysler. Chrysler received $12.5 1 January 2010).

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Auto Industry and Utilities Urge President Obama to Create to National Electric Fuel Task Force to Accelerate Plug-in Adoption

Green Car Congress

Organizations representing auto manufacturers, electric utilities and the electric drive industry are calling on President Obama to establish a new National Electric Fuel Task Force to help accelerate the adoption of plug-in electric vehicles and the necessary infrastructure. Under the American Recovery and Reinvestment Act, $2.4

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Study Assesses Product Attribute Trade-offs and Technological Progress; Meeting Proposed Obama Fuel Economy Standards Will Require Downsizing and Change in Fleet Mix

Green Car Congress

Across all manufacturers, 86 percent of the firms increase their relative position compared to Ford; all of the firms increased their position relative to GMC, while 43 percent did so relative to Chrysler. Knittel, 2009.

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Automakers Support Obama Administrations Development of National Program for Reducing Carbon Emissions and Fuel Consumption

Green Car Congress

The US auto industry, via the Alliance of Automobile Manufacturers, is lining up to support a new national, harmonized program to reduce carbon emissions and fuel consumption that President Obama will announce on Tuesday, 19 May. Autos represent 17% of all anthropogenic CO 2 in the US, according to EPA.

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US GSA to Accelerate Purchase of About 17,600 New Fuel-Efficient Vehicles Including 2,500 Hybrids

Green Car Congress

President Barack Obama announced that the US General Services Administration (GSA) will spend $285 million provided by the American Recovery and Reinvestment Act (ARRA) to buy about 17,600 new, fuel-efficient vehicles produced by US auto companies by 1 June. This includes the purchase of 2,500 hybrid sedans that will be ordered by 15 April.

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