House OKs cash for clunkers bill to spur auto sales
The House passed the CARS Act by 298 to 119 to give vouchers up to 4500 dollars for trading in gas guzzlers for fuel efficient cars or trucks. The measure aims to boost auto sales, reduce fleet emissions, and support GM and Chrysler restructuring amid May sales slump.
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Washington
House
Barack Obama
Congress
General Motors
Chrysler
Jeff Flake
R-Ariz
Senate Fors
Betty Sutton
D-Copley Township
Debbie Stabenow
D-Mich
Senate
Sutton
Former AT&T boss to lead GM board after bankruptcy
Edward Whitacre Jr., 67, former AT&T chief, will head General Motors Corp. board after bankruptcy, replacing interim chair Kent Kresa. Whitacre joins a restructured 13 member board as GM sheds assets and receives U.S. government support. Kresa leads director selection with Canada and UAW health care trustees also involved.
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Detroit
At&t Inc
General Motors Corp
Edward Whitacre Jr
Kent Kresa
U.S
Whitacre
At&t
Exxon Mobil Corp
Burlington Northern Santa Fe Corp
Kresa
Philip A. Laskawy
Kathryn V. Marinello
Erroll B. Davis Jr
E. Neville Isdell
Fritz Henderson
Auto Task Force
Rick Wagoner
Henderson
Ed Whitacre
Congress weighs auto bailouts and government stakes
Lawmakers on banking and other committees question White House and Treasury officials about Detroit rescue efforts. They demand details on taxpayer funds and government ownership, citing 60 percent GM and about 8 percent Chrysler stakes and plant and dealer closures. A bipartisan House group seeks reinstating dealer franchises. Senate Republicans seek congressional approval for further bailout funds.
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Banking Committee
White House
Treasury
Detroit Fix
Dodd
General Motors
Chrysler
Capitol Hill
Congress
Chris van Hollen
Frank Kratovil
Maryland
Dan Maffei
New York
Senate
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Larry Kull
Marlton
N.J
Europe
Rae Ee Tan
Auto Industry
Allen
Jeff Manovich
Jeff Mrnovich
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