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Tag Archives: US Government

GM
General Motors

General Motors could get a break from paying taxes

Perhaps this isn't the best way to put it as it's a bit rude and perhaps slightly uneducated but I have to admit to these being my first feelings towards a report on the situation at General Motors. After a few tight dodges of death, economy and so on GM managed to convince the U.S. Government of their worthiness once...

Chrysler's Auburn Hills Headquarters
Chrysler

Chrysler repays 1.9 billion to the U.S. Government

We all know that the news from Detroit's Big Three don't always come in to put a smile on everyone's face and Chrysler is the one that has been seeing less of the good type lately. However, a recent announcement from the U.S. Government may be proof that the hope Sergio Marchionne has been talking about still exists. The United...

2010 Fisker Karma
Fisker

Department of Energy will loan Fisker 529 million dollars

Fisker Automotive will receive a loan totaling 529 million dollars from the U.S. Department of Energy for the development of tow plug-in hybrid electric-vehicles. This loan will provide Fisker with the resources needed to produce the Karma plug-in hybrid sedan and a line of family oriented models being developed under the company’s Project NINA program. Vice President Joe Biden stated that...