Posts Tagged ‘GM’
GM bondholders get crappy deal – UAW better off
I have not had too much time to review the “deal” floated yesterday concerning the restructure of General Motors, but a friend sent me a link this morning to a Washington Post article providing some of the details. I read part of it, and what caught my eye was that the government, bond holders and…
Read MoreSegway and General Motors – are we paying for this thing? Update – Video, Wolf says “No Thanks.”
General Motors – a.k.a. Government Motors – will be teaming with Segway Inc. to produce a self-balancing vehicle that can seat two adults and move through city streets at 35 miles per hour. It is based on the original stand-up Segway. The Segway is a pretty cool thing that police departments and mail carriers have…
Read MoreWill GM “bankruptcy” include renegotiation of union contracts?
What was the problem the Obama administration had with the General Motors plan to restructure the company? What was the plan GM CEO brought to the government that resulted in his ouster from the company?
Read MoreTotalitarianism? Update-Commentary
Newt Gingrich thinks it may be an over statement, but no question Geithner’s grab at Treasury to control financial institutions and Obama’s grab over at GM … translates into a power grab. Where will it stop? httpv://www.youtube.com/watch?v=O99kWR4C3e8 Update 1: I never had the chance to comment on this. It is clear, after listening to Obama…
Read MoreBig Three? Maybe not …
Today, the external auditors for General Motors expressed their concerns over the viability of one of the three US car-makers: “Auditors for General Motors today said there is “substantial doubt” that the struggling automaker will remain financially viable and able to continue operating, raising doubts about whether the company will have to declare bankruptcy or…
Read MoreHeads we lose, Tails they win…
GM has unveiled at least two portions of their recovery plan, submitted to and funded by the First, the bad news… “General Motors Corp. will cut 10,000 jobs, or 14% of its salaried work force, this year as the auto maker struggles to cope with a steep drop in world-wide vehicle sales. The job cuts…
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