Obama says he does not want to run auto companies

September 15th, 2009 Administration to unveil new fuel economy rulesWASHINGTON — The Obama administration on Tuesday unveiled its plan to require better gas mileage for cars and trucks and tougher rules on vehicle greenhouse gas emissions. Transportation Secretary Ray LaHood and EPA Administrator Lisa Jackson released the proposed regulations at the White House, the follow-up to President Barack Obama's announcement in May that the government regulations would link emissions and fuel economy standards.

August 27th, 2009 Auto parts suppliers ask Obama for more helpWASHINGTON — An auto parts industry association is asking President Barack Obama to consider new ways to help the industry, which is facing a spike in bankruptcies due to the woes of U.S. automakers. In a letter to the White House Wednesday, the Motor & Equipment Manufacturers Association wrote that there was "insufficient capital" available for parts suppliers to rehire workers and acquire raw materials for a possible increase in vehicle production later this year.

August 13th, 2009 ISLAMABAD - Notwithstanding the sour relationship between both countries, at least 25,000 companies of India and Pakistan are engaged in mutual trade. According to Pakistan's Trade Ministry, 2656 Indian companies traded with Pakistan amounting to deals worth 8.92 billion rupees.

August 13th, 2009 ISLAMABAD - At least 25,000 Pakistani and Indian companies traded goods worth Rs.74.32 billion ($900 million) last year, the National Assembly, the lower house of Pakistan's parliament, was informed Thursday. According to figures furnished by the trade ministry, 2,656 Indian companies traded goods worth Rs.8.92 billion with Pakistani companies, while 22,943 Pakistani companies had Rs.65.32 billion of trade with India, Geo TV reported.

July 17th, 2009 House committee wants GM, Chrysler documentsWASHINGTON — A House committee asked the Obama administration Friday to release documents on the federal bailouts of General Motors Co. and Chrysler Group LLC, seeking more details on decisions that led to the auto industry bankruptcies.

June 23rd, 2009 Obama wants new council to help auto industryPERRYSBURG, Ohio — A new government council will help workers tied to the auto industry transition to new manufacturing opportunities, including jobs in alternative energy, Vice President Joe Biden said Tuesday. Biden toured the northwestern Ohio headquarters of the Willard & Kelsey Solar Group, which plans to begin large-scale production this year of solar panels.

June 8th, 2009 Senate panel to question Obama auto task forceWASHINGTON — A Senate committee plans to question two members of the White House's auto task force about using taxpayer money to restructure General Motors and Chrysler. The Senate Banking Committee will hear from Ron Bloom, a senior adviser to the auto task force, and Edward Montgomery, who serves as the Obama administration's director of recovery for auto communities and workers.

June 1st, 2009 Obama: Taxpayer are reluctant shareholders in GMWASHINGTON — President Barack Obama is defending the government's intervention in the auto industry, saying the collapse of GM and Chrysler would have been devastating for the economy and American workers. Obama said his policies will help both General Motors Corp.

May 14th, 2009 FTC suing companies to halt warranty 'robo-calls'WASHINGTON — Federal regulators are filing suits against several companies they say are behind a national wave of spam "robo-calls" that warn people their auto warranties are expiring and offer new service plans. The Federal Trade Commission says it has asked a federal court in Chicago to halt the illegal telemarketing campaign of "Your Car Warranty Has Expired." Officials say as many as 1 billion of the nuisance calls have been made to Americans.

May 9th, 2009 Auto suppliers urge lawmakers to protect baseWASHINGTON — Auto suppliers say the auto industry's supply base could be threatened by factory shutdowns by General Motors and Chrysler. In a letter to congressional offices on Friday, the Motor & Equipment Manufacturers Association said the supplier industry is in crisis and during the shutdowns many suppliers will have no choice but to permanently close their facilities this summer.

April 30th, 2009 Obama turning attention to struggling automakersWASHINGTON — President Barack Obama was poised Thursday to update the nation about the struggling U.S. auto industry amid indications Chrysler plans to file for bankruptcy protection.

April 30th, 2009 Obama says he has no interest in running autosWASHINGTON — President Barack Obama says the government should help Chrysler and General Motors stabilize but then should get out of the auto business as quickly as possible. The government is working on ways to help the two struggling auto giants survive with public money and increased federal involvement.

March 31st, 2009 WASHINGTON - US President Barack Obama has clarified that his administration has "no intention" of running General Motors, even as the White House forced the automaker's CEO to resign, and demanded it to come out with a "better business plan" so that the government can think of rescuing the company. "Let me be clear.

March 30th, 2009 WASHINGTON - President Barack Obama Monday took control of the troubled US auto industry, giving General Motors 60 days and Chrysler 30 days to make a final push toward proving they can run viable businesses. Announcing his rescue plans for the two ailing automakers, which have already been given $17.4 billion to keep them running, he said the government would try to help the companies, but prescribed tough conditions holding out the threat of a 'structured bankruptcy'.

March 27th, 2009 WASHINGTON - President Barack Obama has told an online crowd that legalizing marijuana won't do any good to the sinking American economy. Obama was drawn into the debate over legalizing pot when the cannabis crowd flooded the first-ever Internet-based presidential Town Hall meeting.