How likely is it that Washington will do a better job running GM than the executives who oversaw its decline? Daniel J. Ikenson and Howard Wial finish their debate.
he Obama administration’s pre-packaged bankruptcy plan for General Motors is a recipe for disaster. Even if President Obama were sincere in his claim that he doesn’t want [...]

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According to the hype, the Chevrolet Volt, GM’s first mass-market electric car, is going to save General Motors, cash-strapped consumers and the environment.
But first, it has to figure out how to make some money.
auto industry analysts warn that the Volt, often touted as the savior of GM, could get trapped between the [...]

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The White House announced a $17.4 billion rescue package for the troubled Detroit auto makers that allows them to avoid bankruptcy and leaves many of the big decisions for the incoming Obama administration.
Speaking from the White House, President George W. Bush said the administration decided against forcing a bankruptcy to compel cost-cutting, in order to [...]

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The Treasury Department said Friday it’s prepared to act to avoid any possible collapse of nation’s three largest auto companies given that rescue efforts in Congress have failed.
“Because Congress failed to act, we will stand ready to prevent an imminent failure until Congress reconvenes and acts to address the long-term viability of the industry,” said [...]

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The White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15 billion proposal for bailing out U.S. automakers and forcing them to restructure or fail, officials said.
A Bush administration official and a Democratic leadership aide said the outline covered key points but final issues needed to be resolved and [...]

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