Your Search Results
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,…
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…
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…
Today, in a surprise announcement, we learned that General Motors CEO, Edward Whitacre will be leaving that office effective September 1, and resigning as Chairman of the Board effective December 31. While everyone knew that he had no intention of remaining with GM for any extended period of time, most expected that he would at least stay until GM…
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…
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…
- « Previous
- 1
- 2
- 3