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	<title>The Truth About Cars &#187; Bailout Watch</title>
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	<link>http://www.thetruthaboutcars.com</link>
	<description>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</description>
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	<itunes:summary>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</itunes:summary>
	<itunes:author>The Truth About Cars</itunes:author>
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		<itunes:name>The Truth About Cars</itunes:name>
		<itunes:email>editors@ttac.com</itunes:email>
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	<managingEditor>editors@ttac.com (The Truth About Cars)</managingEditor>
	<copyright>2006-2009</copyright>
	<itunes:subtitle>The Truth About Cars</itunes:subtitle>
	<itunes:keywords>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</itunes:keywords>
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		<itunes:category text="Automotive" />
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		<item>
		<title>Bailout Watch 573: GM Bailout Cost Taxpayers $12,200 Per Car</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-573-gm-bailout-cost-taxpayers-12200-per-car/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-573-gm-bailout-cost-taxpayers-12200-per-car/#comments</comments>
		<pubDate>Thu, 19 Nov 2009 17:14:52 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[american auto industry]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Detroit Bailout]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[GMAC]]></category>
		<category><![CDATA[TARP]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336115</guid>
		<description><![CDATA[
This according to the National Taxpayer&#8217;s Union report &#8220;The Auto Bailout: A Taxpayer Quagmire,&#8221; authored by Rochester Institute of Technology Professor of Economics, Thomas D. Hopkins. That number includes the $52.9b taxpayer &#8220;investment&#8221; in General Motors, as well as GM&#8217;s portion of the GMAC bailout, which brings GM&#8217;s taxpayer tab to over $60b. Chrysler&#8217;s GMAC-inclusive [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-573-gm-bailout-cost-taxpayers-12200-per-car/feed/</wfw:commentRss>
		<slash:comments>27</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 572: Government Fast-Tracking GM IPO, Taxpayer Screwing Confirmed</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-572-government-fast-tracking-gm-ipo-taxpayer-screwing-confirmed/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-572-government-fast-tracking-gm-ipo-taxpayer-screwing-confirmed/#comments</comments>
		<pubDate>Wed, 18 Nov 2009 18:08:26 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[2010]]></category>
		<category><![CDATA[Ed Whitacre]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[ipo]]></category>
		<category><![CDATA[Ron Bloom]]></category>
		<category><![CDATA[taxpay]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336036</guid>
		<description><![CDATA[
Ron Bloom, the defacto head of the government&#8217;s auto restructuring task force (or what&#8217;s left of it), tells Reuters that the government wants to hurry up a GM IPO in order to get out of the &#8220;investment&#8221; as soon as possible. And as we&#8217;ve predicted, this means taxpayers will be getting the fuzzy end of [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-572-government-fast-tracking-gm-ipo-taxpayer-screwing-confirmed/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>Fiatsler&#8217;s Dilemma: Build Engines In Michigan Or Mexico?</title>
		<link>http://www.thetruthaboutcars.com/fiatslers-dilemma-build-engines-in-michigan-or-mexico/</link>
		<comments>http://www.thetruthaboutcars.com/fiatslers-dilemma-build-engines-in-michigan-or-mexico/#comments</comments>
		<pubDate>Wed, 18 Nov 2009 15:54:41 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Jobs]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Suppliers]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336019</guid>
		<description><![CDATA[
The engine in question is Fiat&#8217;s 1.4 liter &#8220;Fire,&#8221; planned for use in the Fiat 500 as well as planned Dodge and Chrysler B-segment hatchbacks. Automotive News [sub] reports that the Michigan Economic Growth Authority has authorized ten years worth of employment tax credits if Chrysler builds the engines at an unused plant in Dundee, [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/fiatslers-dilemma-build-engines-in-michigan-or-mexico/feed/</wfw:commentRss>
		<slash:comments>16</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 571: How GM Won&#8217;t Pay Off Its Government Debt (But Will Try To Make You Think It Did)</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-571-how-gm-wont-pay-off-its-government-debt-but-will-try-to-make-you-think-it-did/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-571-how-gm-wont-pay-off-its-government-debt-but-will-try-to-make-you-think-it-did/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 16:06:58 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[government loans]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[TARP]]></category>
		<category><![CDATA[Treasury]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335656</guid>
		<description><![CDATA[
According to GM&#8217;s 3rd Quarter financial results announcement:
GM plans to repay the United States, Canadian and Ontario government loans in quarterly installments from escrowed funds, beginning next month with an initial $1.2 billion payment to be made in December ($1.0 billion to the UST and $192 million to the EDC), followed by quarterly payments. Any [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-571-how-gm-wont-pay-off-its-government-debt-but-will-try-to-make-you-think-it-did/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Ford PR: &#8220;We are also going to pay back our loans unlike other companies&#8221;</title>
		<link>http://www.thetruthaboutcars.com/ford-pr-we-are-also-going-to-pay-back-our-loans-unlike-other-companies/</link>
		<comments>http://www.thetruthaboutcars.com/ford-pr-we-are-also-going-to-pay-back-our-loans-unlike-other-companies/#comments</comments>
		<pubDate>Wed, 11 Nov 2009 04:50:32 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[accurate appraisal]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[department of energy]]></category>
		<category><![CDATA[Ford]]></category>
		<category><![CDATA[glass house]]></category>
		<category><![CDATA[government loans]]></category>
		<category><![CDATA[slip of the tongue]]></category>
		<category><![CDATA[ttac]]></category>
		<category><![CDATA[turnaround plan]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334912</guid>
		<description><![CDATA[
Responding to TTAC commentator Ohsnapback, Ford&#8217;s Communications rep defended his employer&#8217;s turnaround plan. &#8220;At Ford we have never said that we have won the battle already,&#8221; Jay Ward wrote. &#8220;Just that we are making considerable progress against our plan. You are right that the job is not done, but the evidence so far is overwhealmingly [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/ford-pr-we-are-also-going-to-pay-back-our-loans-unlike-other-companies/feed/</wfw:commentRss>
		<slash:comments>26</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 570: Your Tax Dollars At Work Overseas</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-570-your-tax-dollars-at-work-overseas/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-570-your-tax-dollars-at-work-overseas/#comments</comments>
		<pubDate>Tue, 10 Nov 2009 15:33:59 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Overseas]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334812</guid>
		<description><![CDATA[
We do have the ability, if it&#8217;s necessary, to provide support directly, but again that&#8217;s only if necessary&#8230; We are able to run a global business
GM CEO Fritz Henderson in the Detroit Free Press, explaining that GM is allowed to spend US -government bailout money on overseas operations, in this case, Opel. According to the [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-570-your-tax-dollars-at-work-overseas/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 569: Exit Strategy? What Exit Strategy?</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-569-exit-strategy-what-exit-strategy/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-569-exit-strategy-what-exit-strategy/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 21:39:25 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333836</guid>
		<description><![CDATA[
Next up in today&#8217;s series &#8220;Selections from the GAO report on the auto bailout which closely resemble TTAC editorials of a year ago&#8221; we have the report&#8217;s discussion of a possible exit strategy. Or rather, the report&#8217;s disclosure that there&#8217;s so not an exit strategy it hurts. From the report&#8217;s conclusions:
While Treasury has stated that [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-569-exit-strategy-what-exit-strategy/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 568: Cash For Clunkers Hurt Bailout Exit Strategy</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-568-cash-for-clunkers-hurts-bailout-exit-strategy/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-568-cash-for-clunkers-hurts-bailout-exit-strategy/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 19:57:07 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Cars]]></category>
		<category><![CDATA[Cash-for-Clunkers]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[GM]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333830</guid>
		<description><![CDATA[
More new information from today&#8217;s GAO post:
Moreover, whether enough time has passed for the impact of the structural changes to be seen is unlikely, especially given that the automakers have not completed restructuring, the economy is still recovering, and new vehicle purchases remain at low levels. For instance, although the federal Car Allowance Rebate System [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-568-cash-for-clunkers-hurts-bailout-exit-strategy/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 567: Feds Mandate Chrysler Green Car</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-567-feds-mandate-chrysler-green-car/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-567-feds-mandate-chrysler-green-car/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 19:34:20 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Green]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[Car]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Fiat]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333821</guid>
		<description><![CDATA[
From the just-released GAO report (PDF) on the auto bailout:
Chrysler’s shareholders, including Treasury, have agreed that  Fiat’s equity stake in Chrysler will increase if Chrysler meets certain benchmarks, such as producing a vehicle that achieves a fuel economy of 40 miles per gallon or producing a new engine in the United States. Treasury officials stated [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-567-feds-mandate-chrysler-green-car/feed/</wfw:commentRss>
		<slash:comments>10</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 566: Bailed Out Automakers Must Meet US Production Quotas</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-566-bailed-out-automakers-must-meet-us-production-quotas/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-566-bailed-out-automakers-must-meet-us-production-quotas/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 19:00:57 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333816</guid>
		<description><![CDATA[
Well, it turns out that October sales won&#8217;t be released until tomorrow, but luckily we have a hot-and-sweaty-fresh report by the Government Accountability Office (PDF) to keep things interesting. And we&#8217;re learning all kinds of new things about the auto bailout. To wit:
Chrysler must either manufacture 40 percent of its U.S. sales volume in the [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-566-bailed-out-automakers-must-meet-us-production-quotas/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 565: Small Business Adminstration Dealer Bailout Grows</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-565-small-business-adminstration-dealer-bailout-grows/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-565-small-business-adminstration-dealer-bailout-grows/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 15:49:17 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Dealer News]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333570</guid>
		<description><![CDATA[
Car dealers are some of the most politically connected people in America. As we reported yesterday, more than a few axed GM store owners demonstrated their political muscles by forcing the nationalized automaker to rescind their franchise terminations. Further back in time, we highlighted the Obama administration&#8217;s &#8220;stealth&#8221; dealer bailout: a car dealer-specific Small Business [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-565-small-business-adminstration-dealer-bailout-grows/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>GM To Draw On Government Funds For Delphi Rescue</title>
		<link>http://www.thetruthaboutcars.com/gm-to-draw-on-government-funds-for-delphi-rescue/</link>
		<comments>http://www.thetruthaboutcars.com/gm-to-draw-on-government-funds-for-delphi-rescue/#comments</comments>
		<pubDate>Thu, 29 Oct 2009 17:14:10 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333506</guid>
		<description><![CDATA[
The WSJ reports that GM will draw &#8220;north of $2.5b&#8221; from its government escrow account to fund its own bailout of its major supplier, Delphi. Considering GM has committed $1b in debt assumption, $2b in forgiven claims and $1.75b in investments, we can assume the amount will be well north of $2.5b. But how much [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-to-draw-on-government-funds-for-delphi-rescue/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Christmas For GMAC: Feds Eye Another $2.8b-$5.6b</title>
		<link>http://www.thetruthaboutcars.com/christmas-for-gmac-feds-eye-another-2-8b-5-6b/</link>
		<comments>http://www.thetruthaboutcars.com/christmas-for-gmac-feds-eye-another-2-8b-5-6b/#comments</comments>
		<pubDate>Thu, 29 Oct 2009 14:35:47 +0000</pubDate>
		<dc:creator>Steven Lang</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333477</guid>
		<description><![CDATA[
No, we&#8217;re not talking about genuine job creation or a tax holiday for convicted felons. Well actually, we are. GMAC was given one humdinger of a present last year with $12.8 billion nestled near an open fire. That fire has now consumed nearly all that money. So the question now is what you should do [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/christmas-for-gmac-feds-eye-another-2-8b-5-6b/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Henderson: GM Pay Cuts &#8220;Thoughtful&#8221;</title>
		<link>http://www.thetruthaboutcars.com/henderson-gm-pay-cuts-thoughtful/</link>
		<comments>http://www.thetruthaboutcars.com/henderson-gm-pay-cuts-thoughtful/#comments</comments>
		<pubDate>Wed, 28 Oct 2009 23:15:04 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[People]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333430</guid>
		<description><![CDATA[

We&#8217;re not public yet but we will be and if we do our job that stock is going to have real value. We thought it was fair. We thought it was thoughtful
GM CEO Fritz Henderson comments on Pay Czar Kenneth Feinberg&#8217;s decision to dock his salary to a flinty $950,000. The AP reports Henderson&#8217;s total [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/henderson-gm-pay-cuts-thoughtful/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 560: Feds Set to Bail Out, Nationalize GMAC</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-560-feds-set-to-bailout-nationalize-gmac/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-560-feds-set-to-bailout-nationalize-gmac/#comments</comments>
		<pubDate>Wed, 28 Oct 2009 14:05:44 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333326</guid>
		<description><![CDATA[.
The New York Times reports that the &#8220;troubled finance company&#8221; known as GMAC is hitting-up Uncle Sam for more, as-yet-unspecified billions. The Gray Lady tells us it&#8217;s not a question of &#8220;if&#8221;, it&#8217;s a question of how GMAC and the Treasury can sleaze the deal, so that taxpayers don&#8217;t end up owning the company. &#8216;Cause [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-560-feds-set-to-bailout-nationalize-gmac/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 589: GM C11 Lawyers Score $23m</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-589-gm-c11-lawyers-score-23m/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-589-gm-c11-lawyers-score-23m/#comments</comments>
		<pubDate>Mon, 26 Oct 2009 17:42:59 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333101</guid>
		<description><![CDATA[
Is anyone surprised that the lawyers who guided &#8220;old&#8221; GM into the dustbin of history scored $255,555 a day for 90 days? The $23 million price tag seems like small beer to me. According to The Detroit News, &#8220;AP Services, headed by Al Koch, who doubles as the chief restructuring officer of GM&#8217;s bankruptcy estate, [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-589-gm-c11-lawyers-score-23m/feed/</wfw:commentRss>
		<slash:comments>10</slash:comments>
		</item>
		<item>
		<title>Rattner On His Detroit Adventure</title>
		<link>http://www.thetruthaboutcars.com/rattner-on-his-detroit-adventure/</link>
		<comments>http://www.thetruthaboutcars.com/rattner-on-his-detroit-adventure/#comments</comments>
		<pubDate>Wed, 21 Oct 2009 14:39:16 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=332666</guid>
		<description><![CDATA[
Former head of the Presidential Task Force on the Auto Industry, Steve Rattner has penned a retrospective for Fortune on his time guiding the auto industry bailout. He covers everything from how he assembled his team and developed a strategy to the decision to fire Rick Wagoner and the showdown with Chrysler&#8217;s creditors. There are [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/rattner-on-his-detroit-adventure/feed/</wfw:commentRss>
		<slash:comments>46</slash:comments>
		</item>
		<item>
		<title>Quote Of The Day: Betting Odds Edition</title>
		<link>http://www.thetruthaboutcars.com/quote-of-the-day-betting-odds-edition/</link>
		<comments>http://www.thetruthaboutcars.com/quote-of-the-day-betting-odds-edition/#comments</comments>
		<pubDate>Mon, 12 Oct 2009 17:50:55 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Quote of the Day]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=331895</guid>
		<description><![CDATA[
“What do you think the percentage likelihood is that, if we give this deal a chance, it will succeed?” Rattner didn’t make the decision any easier. “Fifty-one per cent,” he said. “But, Mr. President, in my experience, deals get worse, not better, over time.”
Ryan Lizza recounts the decision to bail out Chrysler in his epic [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/quote-of-the-day-betting-odds-edition/feed/</wfw:commentRss>
		<slash:comments>23</slash:comments>
		</item>
		<item>
		<title>Suppliers Still Looking For Bailout</title>
		<link>http://www.thetruthaboutcars.com/suppliers-still-looking-for-bailout/</link>
		<comments>http://www.thetruthaboutcars.com/suppliers-still-looking-for-bailout/#comments</comments>
		<pubDate>Fri, 09 Oct 2009 18:20:13 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Suppliers]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=331747</guid>
		<description><![CDATA[
“There must be increased access to capital through the entire supply chain — from the largest tier one to the smallest family-owned firm,” Dave Andrea, vice president of industry analysis and economics at the Original Equipment Suppliers Association told the Senate Banking Committee [via The Freep]. “Without assistance this country will needlessly lose manufacturing capacity, [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/suppliers-still-looking-for-bailout/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 585: Uh-Oh</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-585-uh-oh/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-585-uh-oh/#comments</comments>
		<pubDate>Sat, 03 Oct 2009 15:56:42 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=331271</guid>
		<description><![CDATA[
From The Detroit News:
Pelosi said Democrats want automakers to &#8220;thrive,&#8221; and she hasn&#8217;t ruled out additional support for automakers if they show that they are &#8220;viable.&#8221;
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-585-uh-oh/feed/</wfw:commentRss>
		<slash:comments>58</slash:comments>
		</item>
		<item>
		<title>Delphi Stealth Bailout Approved By China</title>
		<link>http://www.thetruthaboutcars.com/delphi-stealth-bailout-approved-by-china/</link>
		<comments>http://www.thetruthaboutcars.com/delphi-stealth-bailout-approved-by-china/#comments</comments>
		<pubDate>Tue, 29 Sep 2009 17:16:35 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Suppliers]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=330887</guid>
		<description><![CDATA[
Chinese T-bill buyers may have provided the capital for GM&#8217;s bailout (and by extension, GM&#8217;s bailout of Delphi) but American taxpayers will have to pay them back eventually. Meanwhile, the Chinese government gets to yea-or-nay GM&#8217;s rescue of its spun-off supplier. And the yeas have it. Automotive News [sub] reports that GM will assume more [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/delphi-stealth-bailout-approved-by-china/feed/</wfw:commentRss>
		<slash:comments>9</slash:comments>
		</item>
		<item>
		<title>SIGTARP to Audit Dealer Cuts, Government Involvement in GM</title>
		<link>http://www.thetruthaboutcars.com/sigtarp-to-audit-dealer-cuts-government-involvement-in-gm/</link>
		<comments>http://www.thetruthaboutcars.com/sigtarp-to-audit-dealer-cuts-government-involvement-in-gm/#comments</comments>
		<pubDate>Thu, 24 Sep 2009 18:46:07 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=330453</guid>
		<description><![CDATA[
Neil Barofsky, Special Inspector General for TARP (SIGTARP), will audit the closure of 2,139 GM and Chrysler dealerships, reports Automotive News [sub]. Barofsky told members of the Senate Banking Committee [download PDF of Barofsky's testimony here] that his office “will examine the process used by General Motors and Chrysler to identify which automotive dealerships should [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/sigtarp-to-audit-dealer-cuts-government-involvement-in-gm/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 582: September Sales Crater. Now What?</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-582-september-sales-crater-now-what/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-582-september-sales-crater-now-what/#comments</comments>
		<pubDate>Thu, 17 Sep 2009 13:00:34 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=329820</guid>
		<description><![CDATA[
Speaking in Frankfurt, Fiatsler boss Sergio Marchionne warned the world that post-Cash for Clunkers American auto sales are a &#8220;disaster.&#8221; Like you didn&#8217;t see THAT one coming. Sergio reckons the industry benchmark&#8212;the Seasonally Adjusted Annual Rate (SAAR)&#8212;will fall below the &#8220;conservative&#8221; 9.5 million SAAR estimated for September. Folks, that&#8217;s after August&#8217;s 14.1 million number. &#8220;Even GM&#8217;s [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-582-september-sales-crater-now-what/feed/</wfw:commentRss>
		<slash:comments>67</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 580: Senate Moves on $3 Billion for Delphi Pensions</title>
		<link>http://www.thetruthaboutcars.com/senate-moves-on-3b-for-delphi-pensions/</link>
		<comments>http://www.thetruthaboutcars.com/senate-moves-on-3b-for-delphi-pensions/#comments</comments>
		<pubDate>Mon, 14 Sep 2009 19:52:18 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=329471</guid>
		<description><![CDATA[
We noted a few months back that $6.25B worth of Delphi pensions were being dumped on the Pension Benefit Guarantee Corporation, in what we termed part of GM&#8217;s &#8220;stealth bailout.&#8221; The Detroit News reports that bills have been introduced in the Senate and House now that would appropriate $3B worth of stimulus funds towards paying [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/senate-moves-on-3b-for-delphi-pensions/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 579: Jet-Gate: The Aftermath</title>
		<link>http://www.thetruthaboutcars.com/jet-gate-the-aftermath/</link>
		<comments>http://www.thetruthaboutcars.com/jet-gate-the-aftermath/#comments</comments>
		<pubDate>Mon, 14 Sep 2009 16:24:11 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=329439</guid>
		<description><![CDATA[
The Treasury has placed new rules on TARP recipients like Chrysler and GM requiring the bailed-out firms to disclose policies on &#8220;luxury expenditures&#8221; after several banks were found to be spending exorbitant amounts of money on aircraft and offices. The Detroit News reports that firms have until Monday to disclose their spending policies, except for [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/jet-gate-the-aftermath/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
	</channel>
</rss>
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