The Truth About Cars » Bailout Watch http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Tue, 09 Feb 2016 19:20:56 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars » Bailout Watch http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com/category/news-blog/bailout-watch/ NEVS Lays Off 200 In Reorganization Plan http://www.thetruthaboutcars.com/2014/09/nevs-lays-200-reorganization-plan/ http://www.thetruthaboutcars.com/2014/09/nevs-lays-200-reorganization-plan/#comments Mon, 29 Sep 2014 10:00:21 +0000 http://www.thetruthaboutcars.com/?p=921169 With the Saab name reclaimed by the mothership, a host of financial problems, and no product beyond a 10-year-old platform, what else is left for National Electric Vehicle Sweden to do? If you said, “Tap out,” then you just might see that hand pounding the mat rather quickly. Reuters reports the automaker has laid off […]

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With the Saab name reclaimed by the mothership, a host of financial problems, and no product beyond a 10-year-old platform, what else is left for National Electric Vehicle Sweden to do? If you said, “Tap out,” then you just might see that hand pounding the mat rather quickly. Reuters reports the automaker has laid off […]

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US Treasury Begins Second Divestiture Plan Of Ally Stock http://www.thetruthaboutcars.com/2014/09/us-treasury-begins-second-divestiture-plan-ally-stock/ http://www.thetruthaboutcars.com/2014/09/us-treasury-begins-second-divestiture-plan-ally-stock/#comments Mon, 15 Sep 2014 12:00:51 +0000 http://www.thetruthaboutcars.com/?p=912722 Ally Financial, the lending artist formerly known as GMAC Financial, inches closer to freedom from government ownership as the United States Treasury begins a second trading plan to shed its shares. Automotive News reports the plan would allow the U.S. Treasury “to continue exiting the investment in a manner that balances speed of exit with […]

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Ally Financial, the lending artist formerly known as GMAC Financial, inches closer to freedom from government ownership as the United States Treasury begins a second trading plan to shed its shares. Automotive News reports the plan would allow the U.S. Treasury “to continue exiting the investment in a manner that balances speed of exit with […]

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PSA-Dongfeng Deal Backed By EU, Skepticism Remains http://www.thetruthaboutcars.com/2014/02/psa-dongfeng-deal-backed-by-eu-skepticism-remains/ http://www.thetruthaboutcars.com/2014/02/psa-dongfeng-deal-backed-by-eu-skepticism-remains/#comments Fri, 21 Feb 2014 17:00:40 +0000 http://www.thetruthaboutcars.com/?p=751025 The PSA Peugeot Citroen-Dongfeng-French government deal agreed upon by the three parties earlier this week received initial backing from the European Union, though skepticism remains as to whether the deal will bring stability to the ailing French automaker. Bloomberg and Automotive News Europe report French Finance Minister Pierre Moscovici received a letter of initial backing […]

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The PSA Peugeot Citroen-Dongfeng-French government deal agreed upon by the three parties earlier this week received initial backing from the European Union, though skepticism remains as to whether the deal will bring stability to the ailing French automaker. Bloomberg and Automotive News Europe report French Finance Minister Pierre Moscovici received a letter of initial backing […]

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Tavares-Led Peugeot Gains 5.27 Billion Euro Makeover http://www.thetruthaboutcars.com/2014/02/tavares-led-peugeot-gains-5-27-billion-euro-makeover/ http://www.thetruthaboutcars.com/2014/02/tavares-led-peugeot-gains-5-27-billion-euro-makeover/#comments Thu, 20 Feb 2014 17:00:10 +0000 http://www.thetruthaboutcars.com/?p=749857 Former Renault executive and incoming PSA Peugeot Citroen CEO Carlos Tavares aims to use the 3 billion euro investment made in the three-way pact between the automaker, the French government and Dongfeng as part of a 5.27 billion euro makeover of the automaker’s line of vehicles over the long-term. Bloomberg reports Tavares is directing Peugeot […]

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Former Renault executive and incoming PSA Peugeot Citroen CEO Carlos Tavares aims to use the 3 billion euro investment made in the three-way pact between the automaker, the French government and Dongfeng as part of a 5.27 billion euro makeover of the automaker’s line of vehicles over the long-term. Bloomberg reports Tavares is directing Peugeot […]

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PSA-Donfeng Deal Injects New Capital, Extended Life Into Peugeot http://www.thetruthaboutcars.com/2014/02/psa-donfeng-deal-injects-new-capital-extended-life-into-peugeot/ http://www.thetruthaboutcars.com/2014/02/psa-donfeng-deal-injects-new-capital-extended-life-into-peugeot/#comments Wed, 19 Feb 2014 06:23:50 +0000 http://www.thetruthaboutcars.com/?p=747585 The 3 billion euro ($4.1 billion USD) three-way deal between PSA Peugeot Citroen, Dongfeng and the French government, signed this week, is set to inject new capital and a much needed life extension for Peugeot, though at the expense of the Peugeot family ceding control after two centuries. Reuters reports Dongfeng and the French government […]

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The 3 billion euro ($4.1 billion USD) three-way deal between PSA Peugeot Citroen, Dongfeng and the French government, signed this week, is set to inject new capital and a much needed life extension for Peugeot, though at the expense of the Peugeot family ceding control after two centuries. Reuters reports Dongfeng and the French government […]

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PSA-Dongfeng Deal Approved, Chairman Urged To Scrap Deal http://www.thetruthaboutcars.com/2014/02/psa-dongfeng-deal-approved-chairman-urged-to-scrap-deal/ http://www.thetruthaboutcars.com/2014/02/psa-dongfeng-deal-approved-chairman-urged-to-scrap-deal/#comments Tue, 18 Feb 2014 14:16:06 +0000 http://www.thetruthaboutcars.com/?p=743681 The founding family behind PSA Peugeot Citroen has approved the 3 billion euro ($4.1 billion USD) deal between the French government and Chinese automaker Dongfeng just an industry analyst penned an open letter for PSA chairman Thierry Peugeot to reconsider before it becomes too late to turn back. Automotive News and Reuters report the deal […]

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The founding family behind PSA Peugeot Citroen has approved the 3 billion euro ($4.1 billion USD) deal between the French government and Chinese automaker Dongfeng just an industry analyst penned an open letter for PSA chairman Thierry Peugeot to reconsider before it becomes too late to turn back. Automotive News and Reuters report the deal […]

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PSA Peugeot Citroen, Dongfeng, France Reach Outline Deal http://www.thetruthaboutcars.com/2014/02/psa-peugeot-citroen-dongfeng-france-reach-outline-deal/ http://www.thetruthaboutcars.com/2014/02/psa-peugeot-citroen-dongfeng-france-reach-outline-deal/#comments Thu, 13 Feb 2014 16:30:36 +0000 http://www.thetruthaboutcars.com/?p=740649 PSA Peugeot Citroen, Dongfeng and the French government have reached an outline deal to raise $5.5 billion in capital through a planned share sale in a last-ditch effort by PSA to remain alive after General Motors walked out of a similar deal over the Iranian market last year. Reuters reports the deal will be presented […]

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PSA Peugeot Citroen, Dongfeng and the French government have reached an outline deal to raise $5.5 billion in capital through a planned share sale in a last-ditch effort by PSA to remain alive after General Motors walked out of a similar deal over the Iranian market last year. Reuters reports the deal will be presented […]

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Toyota Shuttering Australian Factory By 2017, Local Industry Dead http://www.thetruthaboutcars.com/2014/02/toyota-shuttering-australian-factory-by-2017-local-industry-dead/ http://www.thetruthaboutcars.com/2014/02/toyota-shuttering-australian-factory-by-2017-local-industry-dead/#comments Mon, 10 Feb 2014 15:58:31 +0000 http://www.thetruthaboutcars.com/?p=738457 Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford. Toyota Australia head Max Yasuda and Toyota Motor Corporation head Akio Toyoda made the announcement […]

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Toyota announced Monday that as of 2017, the automaker will no longer manufacture any of their vehicles in Australia, driving in the final nail to the coffin containing the nation’s local automotive industry following similar announcements by Holden and Ford. Toyota Australia head Max Yasuda and Toyota Motor Corporation head Akio Toyoda made the announcement […]

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One-Time Tax Gain Nets Chrysler $1.6 Billion In Q4 2013 http://www.thetruthaboutcars.com/2014/01/one-time-tax-gain-nets-chrysler-1-6-billion-in-q4-2013/ http://www.thetruthaboutcars.com/2014/01/one-time-tax-gain-nets-chrysler-1-6-billion-in-q4-2013/#comments Thu, 30 Jan 2014 11:00:04 +0000 http://www.thetruthaboutcars.com/?p=727898 The American half of the newly dubbed Fiat Chrysler Automobiles reported a net income of $1.6 billion in Q4 2013, the majority of which came from a one-time tax gain of $962 million. Automotive News reports that revenue in the fourth quarter for Chrysler advanced 24 percent to $21.4 billion, while total revenue for the […]

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The American half of the newly dubbed Fiat Chrysler Automobiles reported a net income of $1.6 billion in Q4 2013, the majority of which came from a one-time tax gain of $962 million. Automotive News reports that revenue in the fourth quarter for Chrysler advanced 24 percent to $21.4 billion, while total revenue for the […]

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U.S. Government Sells Remaining General Motors Stock http://www.thetruthaboutcars.com/2013/12/u-s-government-sells-remaining-general-motors-stock/ http://www.thetruthaboutcars.com/2013/12/u-s-government-sells-remaining-general-motors-stock/#comments Tue, 10 Dec 2013 10:30:21 +0000 http://www.thetruthaboutcars.com/?p=676634 It’s official: the United States government has sold off its remaining $49.5 billion investment in General Motors. U.S. Treasury Secretary Jack Lew announced that of the aforementioned investment — made during the fallout of the Great Recession — $39 billion came back to the government’s coffers while the taxpayer lost $10.5 billion on the deal. […]

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It’s official: the United States government has sold off its remaining $49.5 billion investment in General Motors. U.S. Treasury Secretary Jack Lew announced that of the aforementioned investment — made during the fallout of the Great Recession — $39 billion came back to the government’s coffers while the taxpayer lost $10.5 billion on the deal. […]

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General Motors to Divest Remaining Ownership of Ally Financial http://www.thetruthaboutcars.com/2013/12/general-motors-to-divest-remaining-ownership-of-ally-financial/ http://www.thetruthaboutcars.com/2013/12/general-motors-to-divest-remaining-ownership-of-ally-financial/#comments Thu, 05 Dec 2013 12:53:39 +0000 http://www.thetruthaboutcars.com/?p=671586 Ally Financial, the bank holding company formerly known as GMAC, is still a major part of the United States federal government investment portfolio in the five years since it was bailed out at the start of the Great Recession. Yet, it may be able to soon divest its ownership in part due to General Motors […]

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Ally Financial, the bank holding company formerly known as GMAC, is still a major part of the United States federal government investment portfolio in the five years since it was bailed out at the start of the Great Recession. Yet, it may be able to soon divest its ownership in part due to General Motors […]

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Ally Exits Superprime Loans, Enters Used Car Market http://www.thetruthaboutcars.com/2013/11/ally-exits-superprime-loans-enters-used-car-market/ http://www.thetruthaboutcars.com/2013/11/ally-exits-superprime-loans-enters-used-car-market/#comments Tue, 12 Nov 2013 10:00:11 +0000 http://www.thetruthaboutcars.com/?p=645522 Best known for underwriting public radio programming such as “All Things Considered” and “Marketplace,” Ally Financial — formerly known as GMAC until the subprime market collapse kicked off the Great Recession — has decided to go for the gold in the used car and leasing markets, citing “irrational” pricing found in the superprime mortgage loan […]

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Best known for underwriting public radio programming such as “All Things Considered” and “Marketplace,” Ally Financial — formerly known as GMAC until the subprime market collapse kicked off the Great Recession — has decided to go for the gold in the used car and leasing markets, citing “irrational” pricing found in the superprime mortgage loan […]

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U.S. Treasury Sells 110 Million Shares of GM Stock, Reducing Stake to 7.3% http://www.thetruthaboutcars.com/2013/09/u-s-treasury-sells-110-million-shares-of-gm-stock-reducing-stake-to-7-3/ http://www.thetruthaboutcars.com/2013/09/u-s-treasury-sells-110-million-shares-of-gm-stock-reducing-stake-to-7-3/#comments Thu, 19 Sep 2013 16:45:03 +0000 http://www.thetruthaboutcars.com/?p=523473 The United States Treasury has reduced its stake in General Motors to 7.3% after selling off  another block of the shares it acquired during the bailout of the giant automaker. According to documents released earlier this week cited by Reuters, the Treasury sold at least 110 million shares between May 6 and September 13, raising more […]

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The United States Treasury has reduced its stake in General Motors to 7.3% after selling off  another block of the shares it acquired during the bailout of the giant automaker. According to documents released earlier this week cited by Reuters, the Treasury sold at least 110 million shares between May 6 and September 13, raising more […]

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Ally Financial Explores Options For Treasury Exit, Seeks Immunity From ResCap Related Lawsuit http://www.thetruthaboutcars.com/2013/07/ally-financial-explores-options-for-treasury-exit-seeks-immunity-from-rescap-related-lawsuit/ http://www.thetruthaboutcars.com/2013/07/ally-financial-explores-options-for-treasury-exit-seeks-immunity-from-rescap-related-lawsuit/#comments Thu, 18 Jul 2013 13:00:00 +0000 http://www.thetruthaboutcars.com/?p=495655 Ally Financial, what used to be known as the General Motors Acceptance Corporation, GMAC, before GM’s bankruptcy and bailout, itself received over $17 billion from the U.S. Treasury during the bailouts of 2009. On Tuesday the company said that it was looking into options on how to repay that money and comply with the Federal […]

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Ally Financial, what used to be known as the General Motors Acceptance Corporation, GMAC, before GM’s bankruptcy and bailout, itself received over $17 billion from the U.S. Treasury during the bailouts of 2009. On Tuesday the company said that it was looking into options on how to repay that money and comply with the Federal […]

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The TARP Is Lifting: Government Motors No More, In About A Year Or So http://www.thetruthaboutcars.com/2012/12/the-tarp-is-lifting-government-motors-no-more-in-about-a-year-or-so/ http://www.thetruthaboutcars.com/2012/12/the-tarp-is-lifting-government-motors-no-more-in-about-a-year-or-so/#comments Wed, 19 Dec 2012 15:00:30 +0000 http://www.thetruthaboutcars.com/?p=470695 It has been repeatedly suggested that GM should use its ample profits to buy back the shares held by the U.S. government (don’t forget the Canadians.). Finally, GM listens to reasons. Or, possibly, strong suggestions from Washington. GM will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury […]

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It has been repeatedly suggested that GM should use its ample profits to buy back the shares held by the U.S. government (don’t forget the Canadians.). Finally, GM listens to reasons. Or, possibly, strong suggestions from Washington. GM will purchase 200 million shares of GM common stock held by the U.S. Department of the Treasury […]

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FT: GM-PSA Tie-up On The Ropes Due To Irreconcilable Differences http://www.thetruthaboutcars.com/2012/11/ft-gm-psa-tie-up-on-the-ropes-due-to-irreconcilable-differences/ http://www.thetruthaboutcars.com/2012/11/ft-gm-psa-tie-up-on-the-ropes-due-to-irreconcilable-differences/#comments Wed, 14 Nov 2012 12:17:23 +0000 http://www.thetruthaboutcars.com/?p=466864 A while ago, I chatted with an industry executive who had “done time” (his words) at GM. I asked him how that was, and he said: “There is always that talk about the current Big Deal that will bring the company back to its former glory. When that Big Deal fizzles, it’s on to the […]

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A while ago, I chatted with an industry executive who had “done time” (his words) at GM. I asked him how that was, and he said: “There is always that talk about the current Big Deal that will bring the company back to its former glory. When that Big Deal fizzles, it’s on to the […]

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How The GM Bailout Turned Into Foreign Aid http://www.thetruthaboutcars.com/2012/10/how-the-gm-bailout-turned-into-foreign-aid/ http://www.thetruthaboutcars.com/2012/10/how-the-gm-bailout-turned-into-foreign-aid/#comments Sat, 13 Oct 2012 10:20:49 +0000 http://www.thetruthaboutcars.com/?p=463624 Longtime reader and new contributor Tyler Vandermeulen is a financial analyst by day. He took a deep dive into the EDGAR database to unearth how much of GM’s money flows abroad. Please welcome Tyler with the respect he deserves. Rude comments will not be tolerated. Before the bailout of General Motors, it was well understood […]

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Longtime reader and new contributor Tyler Vandermeulen is a financial analyst by day. He took a deep dive into the EDGAR database to unearth how much of GM’s money flows abroad. Please welcome Tyler with the respect he deserves. Rude comments will not be tolerated. Before the bailout of General Motors, it was well understood […]

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Fitch: GM Not To Go Bust Anytime Soon http://www.thetruthaboutcars.com/2012/08/fitch-gm-not-to-go-bust-anytime-soon/ http://www.thetruthaboutcars.com/2012/08/fitch-gm-not-to-go-bust-anytime-soon/#comments Fri, 24 Aug 2012 19:38:37 +0000 http://www.thetruthaboutcars.com/?p=457831 While there is renewed chatter about a renewed GM bankruptcy, ratings agency Fitch thinks otherwise. The agency that assesses the chances of defaults by companies and countries raised GM’s default rating from BB to BB+, which is once notch below investment grade. In a statement distributed via Reuters, Fitch says the better outlook reflects GM’s […]

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While there is renewed chatter about a renewed GM bankruptcy, ratings agency Fitch thinks otherwise. The agency that assesses the chances of defaults by companies and countries raised GM’s default rating from BB to BB+, which is once notch below investment grade. In a statement distributed via Reuters, Fitch says the better outlook reflects GM’s […]

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Bailed-Out GM Wants To Help Bailed-Out Ally With Some Of Its Bail-Out Money. Investors Not Amused http://www.thetruthaboutcars.com/2012/08/bailed-out-gm-wants-to-help-bailed-out-ally-with-some-of-its-bail-out-money-investors-not-amused/ http://www.thetruthaboutcars.com/2012/08/bailed-out-gm-wants-to-help-bailed-out-ally-with-some-of-its-bail-out-money-investors-not-amused/#comments Fri, 17 Aug 2012 11:18:49 +0000 http://www.thetruthaboutcars.com/?p=457156 Bailed-out GM might sink $2 to $4 billion into likewise bailed-out Ally Financial to buy some of the lender’s international operations. Ally “ironically wants to use the proceeds to help repay its own federal bailout aid,” says Reuters. That plan does not sit too well with some observers. Says the wire: “Analysts and investors disagree […]

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Bailed-out GM might sink $2 to $4 billion into likewise bailed-out Ally Financial to buy some of the lender’s international operations. Ally “ironically wants to use the proceeds to help repay its own federal bailout aid,” says Reuters. That plan does not sit too well with some observers. Says the wire: “Analysts and investors disagree […]

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Report: Treasury Behind Delphi Pensions Debacle http://www.thetruthaboutcars.com/2012/08/455806/ http://www.thetruthaboutcars.com/2012/08/455806/#comments Tue, 07 Aug 2012 17:21:58 +0000 http://www.thetruthaboutcars.com/?p=455806 The Daily Caller says it has emails that prove that the pensions of 20,000 salaried retirees at Delphi were terminated “solely because those retirees were not members of labor unions.” The emails, says the conservative website “contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that […]

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The Daily Caller says it has emails that prove that the pensions of 20,000 salaried retirees at Delphi were terminated “solely because those retirees were not members of labor unions.” The emails, says the conservative website “contradict sworn testimony, in federal court and before Congress, given by several Obama administration figures. They also indicate that […]

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Paper: Auto Bailout Was A UAW Bailout http://www.thetruthaboutcars.com/2012/06/paper-auto-bailout-was-a-uaw-bailout/ http://www.thetruthaboutcars.com/2012/06/paper-auto-bailout-was-a-uaw-bailout/#comments Thu, 14 Jun 2012 07:15:29 +0000 http://www.thetruthaboutcars.com/?p=448985 Moody’s has been less than impressed with GM’s recent pension cuts/buyouts: “GM’s plan has some constructive elements,” said Bruce Clark, senior vice president at Moody’s. “It will reduce the company’s pension assets and liabilities by $26 billion and relieve it of the obligation to make future payments to most of its salaried retirees. It will […]

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Moody’s has been less than impressed with GM’s recent pension cuts/buyouts: “GM’s plan has some constructive elements,” said Bruce Clark, senior vice president at Moody’s. “It will reduce the company’s pension assets and liabilities by $26 billion and relieve it of the obligation to make future payments to most of its salaried retirees. It will […]

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Government Motors On http://www.thetruthaboutcars.com/2012/03/government-motors-on/ http://www.thetruthaboutcars.com/2012/03/government-motors-on/#comments Wed, 21 Mar 2012 20:28:11 +0000 http://www.thetruthaboutcars.com/?p=435939 After GM’s  IPO, stockholders looked with great anxiety at the 32 percent the U.S. government still holds in General Motors. Allegedly, the U.S. government wanted to shed that share as quickly as possible, and someone dumping the stock does not make for rising stock prices. Now, GM is sending out smoke signals that a sale […]

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After GM’s  IPO, stockholders looked with great anxiety at the 32 percent the U.S. government still holds in General Motors. Allegedly, the U.S. government wanted to shed that share as quickly as possible, and someone dumping the stock does not make for rising stock prices. Now, GM is sending out smoke signals that a sale […]

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Treasury: Loss On GM Bailout Rises To $23.6B http://www.thetruthaboutcars.com/2011/11/treasury-loss-on-gm-bailout-rises-to-23-6b/ http://www.thetruthaboutcars.com/2011/11/treasury-loss-on-gm-bailout-rises-to-23-6b/#comments Thu, 17 Nov 2011 18:38:01 +0000 http://www.thetruthaboutcars.com/?p=418968 One of the great mysteries to many inside the auto industry is why is GM’s stock price so low? Though the company had a weak third quarter, its stock price has been stuck well below its IPO price for much of the last year, despite a return to profitability. Though GM faces challenges, few inside […]

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One of the great mysteries to many inside the auto industry is why is GM’s stock price so low? Though the company had a weak third quarter, its stock price has been stuck well below its IPO price for much of the last year, despite a return to profitability. Though GM faces challenges, few inside […]

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Half of American Car Shoppers “More Likely” to Buy Fords Because of Bailouts http://www.thetruthaboutcars.com/2011/10/half-of-american-car-shoppers-more-likely-to-buy-fords-because-of-bailouts/ http://www.thetruthaboutcars.com/2011/10/half-of-american-car-shoppers-more-likely-to-buy-fords-because-of-bailouts/#comments Mon, 03 Oct 2011 17:38:45 +0000 http://www.thetruthaboutcars.com/?p=413255 Whether or not the White House pressured or even contacted Ford Motor Company after the company released their recent ad appealing to anti-bailout sentiments we’ll probably never know. We’ll also probably never know if this was all just a symphony of leaks and disclaimers orchestrated by Ford. What we do know, thanks to a Rasmussen […]

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Whether or not the White House pressured or even contacted Ford Motor Company after the company released their recent ad appealing to anti-bailout sentiments we’ll probably never know. We’ll also probably never know if this was all just a symphony of leaks and disclaimers orchestrated by Ford. What we do know, thanks to a Rasmussen […]

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EPA Inspector General Questions GHG Emissions Science, Issa Attacks On All Fronts http://www.thetruthaboutcars.com/2011/09/epa-inspector-general-questions-ghg-emissions-science-issa-attacks-on-all-fronts/ http://www.thetruthaboutcars.com/2011/09/epa-inspector-general-questions-ghg-emissions-science-issa-attacks-on-all-fronts/#comments Sat, 01 Oct 2011 01:59:17 +0000 http://www.thetruthaboutcars.com/?p=413095 In a report released earlier this week [PDF], the EPA Inspector General criticized the Technical Support Document for the portion of greenhouse gas regulation dealing with “Endangerment,” or the possible effects of greenhouse gasses. Inspector General Arthur A. Elkins Jr. summed up his office’s findings [PDF], writing The OIG evaluated EPA’s compliance with established policy […]

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In a report released earlier this week [PDF], the EPA Inspector General criticized the Technical Support Document for the portion of greenhouse gas regulation dealing with “Endangerment,” or the possible effects of greenhouse gasses. Inspector General Arthur A. Elkins Jr. summed up his office’s findings [PDF], writing The OIG evaluated EPA’s compliance with established policy […]

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