Posts Tagged ‘GM’
GM repays loan to US… actually, not really (Update)
It was with great fanfare yesterday that General Motors announced that it was repaying some $4.7 billion of $6.7 billion in loans it received from the federal government. And, with even bigger fanfare, it was announced that this partial repayment was being made some five years earlier than expected.
Read MorePay Czar to GM … Pay cut – Video
I really don’t like this guy. I didn’t like him when he was appointed and I like him less now. But … GM and Chrysler begged for the money, they got it, and now … well … The Obama administration will soon order the nation’s biggest bailed-out companies to drastically cut pay packages for their…
Read MoreGM plant closings – let the politics begin
I told you this would happen. I warned you.
Read MoreDealergate, GM closing dealers who make money
Steve posted an interesting item recently about the Chrysler dealerships that had been terminated, and, he raised some even more interesting questions about how the terminated dealers were selected. I have no answers, just more questions. Wednesday’s Orlando Sentinel reported that two Chevy dealerships in the Orlando area received notice Tuesday that their franchise agreements…
Read MoreNapolitano ups the ante on GM: Unconstitutional!
This guy just may replace Cavuto as my daily video adrenaline rush. After explaining in this post why GM will likely remain in government control for decades … today he tells Trace how GM and the Feds will game the system (just as they did with AMTRAK) to drive the competition out of business. Taxpayer…
Read MoreGM’s Government Control … FOR-EV-AH
I put this up only because you need to understand the kind of thinking that brought this company down is still in place. And you need to hear why I and others believe the Feds will be in charge of GM forever.
Read MoreIowa Hawk Nails the new GM
and he did it last year. The prophet speaks. httpv://www.youtube.com/watch?v=rAqPMJFaEdY&feature=player_embedded
Read MoreIt’s Official. It’s Obama Motors – Update:Video
It’s official and GM has no one to blame but itself … and the Federal Government. But check out the video for the kicker to this story.
Read MoreCar Dealers on Obama’s Chopping Block
Wednesday, John, one of the regulars in the chat room, said that he heard Chrysler was about to cut 700 dealers. He wanted to know if anyone in the room had heard the same. As no one had, I decided to do a bit of digging. Well, John, if you are reading this you are not…
Read MoreThe Looting of “General” Motors
Jim spoke on Thursday morning about the “deal” being offered to the bondholders of General Motors which, if accepted by them, will presumably keep GM out of bankruptcy. I say presumably because this “restructuring” has all of the earmarks of failure that are found in the Chrysler plan, but without the help of Fiat. However,…
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