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Tag Archives: gm
Guess which carmaker is worried sick about the future?
You’d think it would be Chrysler or GM. Nope. In a rare example of corporate accountability and humility, the president of Toyota, arguably the best run auto company in the world, Akio Toyoda, had some very harsh words for not … Continue reading
Saturn sale to Penske falls through
Via Patterico. The Saturn plant is in Spring Hill, TN, not far from where I live in Knoxville/Maryville. This is sad, but not unpredictable. Saturn has been in business almost 20 years and has yet to turn a profit. For … Continue reading
Zombie Chrysler Clearance: Every Link Must Go!
Can Fiat put Chrysler on road to recovery? “Fiat is easily the weakest of all the major automotive companies. It does not even generate enough revenue to fund its own investment.” If Daimler-Benz couldn’t turn Chrysler around I’m having a … Continue reading
GM bailout a lousy deal for taxpayers
The (Scary) Math Behind the GM Taxpayer Bailout The government effectively will get 60% of General Motors in exchange for $50 Billion in aid. This, using standard investor math, means that GM has an implied value of: 50 Billion/.60 = … Continue reading
GM to shutter Pontiac division
New York Times – For Pontiac, Quality Comes Too Late: General Motors will phase out the Pontiac brand in 2010, said Fritz Henderson, president and chief executive of G.M., in a press conference this morning. I had heard that G.M. … Continue reading
Bankruptcy laws are for the little companies
Larry Kudlow: What is going on in this country? The government is about to take over GM in a plan that completely screws private bondholders and favors the unions. Get this: The GM bondholders own $27 billion and they’re getting … Continue reading
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