Shockingly poor financial management at General Motors and Chrysler weakened their case for a federal bailout, but officials feared letting them collapse, the former head of a government auto task force said Wednesday. ...more

October 21, 2009

"The better the villain," Alfred Hitchcock said, "the better the movie." And in the epic production that is the United States of America, we have followed that advice since the earliest settlers landed. For every hero the American story factory produces, a vivid new villain comes off the assembly line in short order. ...more

April 2, 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

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

Pilloried and vilified, Rick Wagoner has agreed to step down as General Motors Corp. chairman and chief executive as part of a White House plan to provide more aid to U.S. automakers. ...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

If General Motors Corp. were forced into Chapter 11 bankruptcy protection, the company would end up being liquidated because a long bankruptcy would scare customers away, CEO Rick Wagoner said Tuesday. ...more

March 17, 2009