Tag Archives: taxpayer subsidies

GM Ups Ante Calls Out Other Automakers on EVs?

The 2017 Chevrolet Bolt EV has an EPA-estimated range of 238 miles (383 kM) from its 60-kWh battery pack that is made in Korea. What the future holds depends energy prices, and EV prices – roughly $40,000 or more with options for a Tesla Model 3 or Bolt mid-size car. Continue reading

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Unifor FCA Autoworkers Ratify Four-Year Deal

Diverse workers at Fiat Chrysler Automobiles attended local ratification meetings on Sunday and voted to ratify a four-year contract that secures both investment and wage improvements for 9,750 *Unifor members Continue reading

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More Taxpayer Subsidies for Rich Automakers Proposed

It is another raid on the U.S. Treasury sponsored by U.S. Senators Debbie Stabenow (D-MI), Gary Peters (D-MI), along with Lamar Alexander (R-TN), all from auto making states. Continue reading

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New ACEA Head Announced as EU Crisis Continues

The automotive sector contributes positively to the EU trade balance with a €92 billion surplus, much of it at the expense of American autoworkers who pay taxes to underwrite lavishly NATO and European defense budgets giving German automakers in particular an unfair subsidy according to a growing number of critics of the U.S. defense budget and the State Department under the ‘no jobs’ Obama administration. Continue reading

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Treasury Selling More GM Common Stock

The U.S. Department of the Treasury today announced that it would sell another 30 million shares of General Motors Company common stock in a public offering in conjunction with GM’s return to the S&P 500 index. Continue reading

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Spark EV Electric Motor Manufacturing Starts in Baltimore

General Motors today celebrated becoming the first U.S.-based automaker to manufacture electric motors and drivetrains in the U.S. for electric vehicles for the upcoming Chevrolet Spark EV. GM moved the jobs from a plant in Mexico to its Baltimore Operations plant in White Marsh, Maryland. The Baltimore plant is also GM’s exclusive manufacturer of A1000 transmissions for heavy-duty pickup trucks. Continue reading

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Nissan Cuts Leaf EV Price by $6,400 on U.S.-Assembled Model

Nissan announced that pricing for the 2013 Leaf electric vehicle starts at $28,800 for the newly-added S grade – think SALE – making it the lowest priced five-passenger electric vehicle sold in the United States. The least expensive 2012 Leaf had a starting price of $35,200 without taxpayer subsidies. Continue reading

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Chevrolet Volt Leads New Owner Satisfaction Report. Again

For the second straight year, virtually all owners of the Chevrolet Volt hybrid said they would buy one again. Fully 92% of respondents who own GM’s Volt – much decried by anti-government extremists – said they would definitely buy it again. This earned the $40,000 four-seat car the distinction of being the top-scoring model in the latest Consumer Reports Owner Satisfaction Survey. Continue reading

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