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Opportunity Green Kicks off with Tour de OG Bike Trip

Image credit: Tour de OG/Opportunity Green Business Conference When CEOs of the Big Three had to take a trip to Washington to ask for a public bailout, they took private jets. Several attendees of the Opportunity Green Business Conference are taking a lesson from this misstep: Instead of dri...

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TreeHugger — 4 days ago

2 Votes vote

Pay Czar Increased Salaries

Treasury pay czar Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his purview. But he substantially increased regular salaries, a move that reflects the complex mix of political and economic issues at play. ...

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WSJ.com:... News US — October 27

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The Detroit Lobby Lives

After a dismal PR year for Detroit (if only because lobbying efforts were successful enough to secure an unpopular bailout), the American Automotive Policy Council has been launched to represent the very special interests of Ford, GM and Chrysler. As Politico unironically puts it, “(Debbie)...

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The Trut...out Cars — October 27

3 Votes vote

ING announces plan to split into two units to Satisfy EU

Dutch ING Group NV (ING.AS) will split itself in two and launch a 7.5 billion euro ($11.3 billion) rights issue as part of a deal with the European Commission. Shares in Belgian financial group KBC (KBC.BR) fall as much as 13.3 percent to 27.33 euros, their lowest point since Sept. 4, with analys ...

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CEOWORLD Magazine — October 27

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Ford Death Watch 49: Gypsies, Tramps and Thieves

Will Ford go bankrupt? I doubt it. Not while the “bad” automakers that suckled on the federal teat go on and on and on and on. A FoMoCo C11 would expose the government’s Detroit bailout for what it was/is: unfair, ineffective, ill-conceived and unsustainable. Politically, Ford&r...

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The Trut...out Cars — October 26

2 Votes vote

GM Buys Up Daewoo Share Offering, Increases Stake To 70 Percent

$413m isn’t a ton of money for one of the largest global automakers, but GM’s purchase of Daewoo’s entire share offering still doesn’t completely add up. After all, GM was barred from spending US taxpayer bailout money on overseas assets. And it’s not like GM wanted ...

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The Trut...out Cars — October 26