U.S. Energy Secretary Steven Chu said Thursday automakers are capable of going beyond the 34.1 miles per gallon fleetwide fuel efficiency standards proposed by the Obama administration for the 2016 model year.
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Former GM Chairman and CEO Rick Wagoner — ousted by President Barack Obama in March — will collect an $8.2 million exit package, plus a $74,030 annual pension, according to a filing Tuesday with the U.S. Securities and Exchange Commission.
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President Barack Obama’s top auto adviser Steve Rattner is returning to private life now that General Motors Co. and Chrysler Group LLC have emerged from bankruptcy faster than most experts thought possible.
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