Political Capital

Posts tagged: General Motors

Family members, whose loved ones were killed in auto accidents linked to a defect in General Motors Co. cars, place photos of the accident victims in the hearing room at a House Energy and Commerce Committee hearing in Washington, D.C., on April 1, 2014.

Photograph by Pete Marovich/Bloomberg

Family members, whose loved ones were killed in auto accidents linked to a defect in General Motors Co. cars, place photos of the accident victims in the hearing room at a House Energy and Commerce Committee hearing in Washington, D.C., on April 1, 2014.

Bloomberg by the Numbers: $300 Million

The Obama administration is proposing to raise to $300 million the maximum civil penalty on carmakers accountable for defects. That would be more than eight times the current maximum fine of $35 million, as Bloomberg’s Laura Litvan explains in this...

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Mary Barra, chief executive officer of General Motors Co., during a Senate Consumer Protection, Product Safety, and Insurance subcommittee hearing in Washington, D.C., on April 2, 2014.

Photograph by Andrew Harrer/Bloomberg

Mary Barra, chief executive officer of General Motors Co., during a Senate Consumer Protection, Product Safety, and Insurance subcommittee hearing in Washington, D.C., on April 2, 2014.

Barra’s Testimony Found Wanting — Return Trip to Hill Promised

General Motors Chief Executive Mary Barra’s performance before two congressional panels is getting widely panned by lawmakers today, with many saying the top boss was too evasive in answering questions about faulty ignition switches linked to at least 13 deaths....

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U.S. Representative John Dingell, a Democrat from Michigan.

Photograph by Jeff Kowalsky/Bloomberg

U.S. Representative John Dingell, a Democrat from Michigan.

Bloomberg by the Numbers: 21,572

Democratic Rep. John Dingell of Michigan will have served more than 59 years in the House — 21,572 days to be precise — at the end of his current and last term. Dingell, the longest-serving member of Congress in its...

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U.S. First Lady Michelle Obama before U.S. President Barack Obama's 2013 State of the Union address

Photograph by Andrew Harrer/Bloomberg

U.S. First Lady Michelle Obama before U.S. President Barack Obama's 2013 State of the Union address

Michelle Obama’s ‘Firsts’ in SOTU Box

First lady Michelle Obama is hosting a bevy of “firsts” in her congressional box tonight at her husband’s State of the Union address. Among them will be Mary Barra, the new head of General Motors and the company’s first female...

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U.S. Vice President Joe Biden gives a speech about the future of the American auto industry at the 2014 North American International Auto Show on Jan. 16, 2014 in Detroit.

Photograph by Bill Pugliano/Getty Images

U.S. Vice President Joe Biden gives a speech about the future of the American auto industry at the 2014 North American International Auto Show on Jan. 16, 2014 in Detroit.

Biden to Ford: ‘Thank You For Saving Our A–’

You know the story line. The Obama administration saved the auto industry — or at least General Motors, which is no longer Government Motors and doing just fine from the family Impala to the hot rods. Or maybe it’s just...

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A 2014 Chevrolet Corvette Stingray outside the General Motors Co. Bowling Green Assembly Plant in Kentucky.

Photograph by Luke Sharrett/Bloomberg

A 2014 Chevrolet Corvette Stingray outside the General Motors Co. Bowling Green Assembly Plant in Kentucky.

GM Sell-off ‘Closing the Book’ on Bailouts: Obama

With the government selling its last share of  “Government Motors,” a certain era comes to a close almost five years after a historic bailout of U.S. automakers. The U.S. may have lost $11 billion on its $50 billion investment, as...

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Ford trucks at a dealership in Colma, California.

Photograph by Justin Sullivan/Getty Images

Ford trucks at a dealership in Colma, California.

Detroit Automakers Offer More Octane for Economy

The most aggressive economic stimulus in the Federal Reserve’s 100-year history has the wheels turning for Detroit automakers. Cheaper borrowing costs and rising stock portfolio values are giving Americans the confidence to make big-ticket purchases. It’s welcome news for a...

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Mitt Romney makes a "U" with his hands next to Florida Gov. Jeb Bush during a campaign rally at University of Miami on October 31, 2012 in Coral Gables, Florida.

Photograph by Justin Sullivan/Getty Images

Mitt Romney makes a "U" with his hands next to Florida Gov. Jeb Bush during a campaign rally at University of Miami on October 31, 2012 in Coral Gables, Florida.

In The Hunt: Trouble in Campaign’s Final Days

Defense is the last position a politician should be in during the final days of a campaign, Bloomberg’s Al Hunt says in today’s “In the Hunt.” When former President Bill Clinton campaigns for President Barack Obama in Minnesota and Republican...

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A sales manager ties balloons to General Motors Chevrolet vehicles at a dealership in Wake Forest, North Carolina.

Photograph by Jim R. Bounds/Bloomberg

A sales manager ties balloons to General Motors Chevrolet vehicles at a dealership in Wake Forest, North Carolina.

Obama’s Auto Bailout: Moody’s OK

The Obama administration managed quite a deal for U.S. taxpayers when it rescued General Motors Co., Chrysler Group LLC and their financing arms in 2009, according to Moody’s Investors Service. The bond rating service issued an endorsement of the auto...

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