Category: Government

By on September 25, 2014

SEC - Securities and Exchange Commission HQ

It took four years, but the Securities and Exchange Commission has put the final touches on a rule regarding asset-backed securities — including auto loans and leases — and what information is given when a company or investor takes on an ABS.

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By on September 25, 2014

mercedes-benz-sls-amg-electric-drive

Should you happen to call Germany home and are shopping for a car, the government would like to offer you free parking, tax exemptions for 10 years, and bus-lane privileges if you purchase an EV, FCV or PHEV.

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By on September 24, 2014

V2V

Presently, V2V (vehicle to vehicle) and V2I (vehicle to infrastructure) technologies are meant to allow a vehicle so-equipped to better navigate its surroundings, and to exchange data with other vehicles like it. If law enforcement has its way, however, the red and blue lights in the rearview mirror could soon give way to the electric eye of automated enforcement.

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By on September 22, 2014

A recalled Chevy Cobalt ignition switch is seen at Raymond Chevrolet in Antioch

Last Friday, U.S. District Judge Jesse Furman issued from his bench in the Southern District of New York an order for discovery to begin on a number of cases related to the February 2014 General Motors ignition switch recall.

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By on September 19, 2014

GM RenCen Storm Clouds

After running the gauntlet of congressional hearings, numerous recalls and personnel firings under the dark cloud of scandal created in the wake of the February 2014 recall crisis, General Motors believes it’s ready to turn the page, that everything is now in the rear view.

Not so fast.

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By on September 19, 2014

Tesla Model S Burnout

Months after the New Jersey Motor Vehicle Commission forced Tesla to stop directly selling its vehicles to the public, the automaker’s appeal moves closer to its day in court.

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By on September 19, 2014

A general view of the Internal Revenue Service Building in Washington

In 2008, Congress passed a tax bill that would provide a credit of up to $7,500 for customers who purchase plug-in vehicles as a way to encourage adoption of cleaner vehicles. The credit would last in full for the first 200,000 units an automaker sold, then phased out over the course of 12 months.

The problem? The agency responsible for handling the credit, the Internal Revenue Service, has no clue as to where things stand as far as that cap is concerned, despite every automaker that sells a plug-in model reporting the figures every quarter, as required by law.

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By on September 18, 2014

Henry Waxman

In the wake of a report written by Republican members of the United States House of Representatives regarding the National Highway Traffic Safety Administration inability to find and link evidence regarding General Motors’ involvement in the design and implementation of an ignition switch now linked to 54 accidents and 19 fatalities, two Democrat members took the report’s authors to task.

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By on September 17, 2014

David Friedman

It was a long day for David Friedman and the National Highway Traffic Safety Administration during congressional testimony Tuesday, admitting before a Senate panel that his agency has more work to do to improve itself, and that General Motors made “incredibly poor decisions” as far as recalls were concerned.

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By on September 15, 2014

Ally at NYSE

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.

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