Archives for Government

Post Office Celebrates Muscle Cars With GT500, GTO, Charger Daytona Stamps

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Two nostalgic groups have finally banded together: The U.S. Postal Service and muscle cars. As NASCAR prepares to kick off another season down in Daytona, Fla., the post office used seven-time NASCAR champ Richard Petty to unveil the five muscle cars being honored. Small and big blocks were well represented in the collection of cars that ...

GM To Repurchase 200 Million Shares From U.S. Treasury

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General Motors announced that it will start to buy 200 million shares currently owned by the U.S. Treasury. The move is part of the government’s efforts to shed all its holdings in GM over the next 12 to 15 months. In 2009, the U.S. Treasury purchased 500 million shares of GM as part of its ...

We Hear: Army and Navy Buying Chevrolet Volts for Domestic Use

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The Chevrolet Volt is taking on a new challenge: serving on U.S. military bases around the country. While the Volt electric car won’t be tasked with combat duty, it will help the military reduce its dependence on fossil fuels for short trips. In July, the Marine Corps base in Miramar, California acquired two Chevrolet Volts that ...

Thread of the Day: What Cop Car Should the California Highway Patrol Have Picked?

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Late last week we broke the news that the California Highway Patrol (CHP) will replace the venerable Crown Victoria Police Interceptor not with the Chevrolet Caprice, Dodge Charger, or Ford-Taurus based police car, but with the Ford Explorer Police Interceptor Utility. The CHP chose the Ford Police Interceptor Utility (PI Utility) for a number of reasons ...

Automakers Petition California Zero-Emission Vehicle Mandate

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Earlier this year, California passed a series of legislations requiring automakers to sell 1.4 million electric, plug-in hybrid, and hydrogen fuel cell vehicles by 2025. Now, the automakers have responded with a petition asking the EPA to reconsider the new requirements, Automotive News reports. A petition was filed Monday by the Alliance of Automobile Manufacturers and ...

Report: U.S. Treasury Sold $490 Million in GM Shares Last Month

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As it works to fully divest itself of General Motors stock, the U.S. Department of the Treasury sold 17.2 to 18.1 million shares of GM stock last month. The sale totaled $490 million, according to The Detroit News. The U.S. Treasury previously held 500 million shares in GM after the 2008-2009 bailout that helped keep the ...

GM CEO Earns $7.7 Million in 2011, Too Low Says Automaker

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General Motors claims in its annual proxy statement that CEO Dan Akerson’s compensation in 2011 was too low when matched against comparable CEOs. The Associated Press reports that Akerson earned $7.7 million during 2011, which is about $0.85 for each vehicle GM sold last year. Akerson’s $7.7 million includes a $1.7 million salary and $5.95 million ...

Terrifying IIHS Video Shows What Happens When a Sedan Crashes Into a Big Rig

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When a 2010 Chevrolet Malibu crashes into the back of a big rig, we all know which vehicle will emerge with more damage. As part of a new report, the Insurance Institute for Highway Safety has released a striking video that demonstrates what happens when a car traveling 35 mph makes contact with the back ...

Report: Auto Industry Bailout Could Cost $3.4 Billion More Than Last Estimate

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The U.S. Treasury Department’s estimated cost to taxpayers of the 2009 auto industry bailout has just taken a $3.4 billion jump. While the $21.7 billion estimate at the end of May was lower than the earlier $23.8 billion figure, now the treasury department told congress it expects to lose $25.1 billion – up $3.4 billion ...

2013 Nissan Altima Earns Five-Star Safety Rating from NHTSA

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The 2013 Nissan Altima is the latest midsize sedan to earn from the NHTSA a five-star safety rating in New Car Assessment Program (NCAP) testing. The previous-generation Altima only earned four stars from the NHTSA’s NCAP test, which has a five-star maximum rating. Inside, the 2013 Altima has driver and front-passenger seat-mounted side-impact air bags, roof-mounted ...