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28 Jan 2010 10:05

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Biz: Ford didn’t take the bailout road, made a 2009 profit anyway

  • $2.7
    billion     size of Ford’s 2009 net profit, their first profitable year since 2005
  • $30
    billion     amount Ford lost between 2006 and 2008; holy freakin’ hell source
Posted by Ernie Smith • 0 Comments • Permalink

21 Jan 2010 23:32

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Biz: Toyota decides to recall even more cars, just for the heck of it

  • 2.3 million cars on top of the 4.2 million already recalled source
Posted by Ernie Smith • 0 Comments • Permalink

01 Dec 2009 20:17

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Biz: We’d like to announce our candidacy for GM’s open CEO position

  • Dear rich people, we think we’d be a perfect fit for you. General Motors has had an incredibly rough last twelve months or so (though they’re recovering). Between a bankruptcy and a watchdog federal government, they’ve had zero room for error. And now their nine-month-old CEO, Frederick “Fritz” Henderson, is retiring. We smell a job opening! Here are three reasons GM should hire us as CEO:
  • Fresh bloodWe’re not the old guard, General Motors. We don’t do (#&@ the old way. In fact, we have no clue what the old way was! When we step into Fritz Henderson’s dusty old office (after having an exterminator go in and check for termites and bailout money), we plan on running the company as if we don’t know what we’re doing. But we do!
  • cars with brevity Here at ShortFormBlog, we know a thing or two about keeping things short and efficient. And we know that the government is on your back about creating more efficient cars. We plan on bringing our blogging technology to General Motors, and we’re going to upgrade the engines from internal combustion to WordPress. Thank us later, guys.
  • Family reunionWe know some of your old workers aren’t happy with you – all those layoffs, the concessions you forced the United Auto Workers to take, the outsourcing – and we plan to make it up to them, using the only method we know how – we’ll move them out of Michigan and put them in a state that isn’t a black hole of depression. Sound fair? source
Posted by Ernie Smith • 3 Comments • Permalink

16 Nov 2009 09:51

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Biz: GM is looking a bit stronger after making it through bankruptcy

  • $1.15 billion amount in losses the auto manufacturer had as a result of their bankruptcy in July; they have $42.6 billion in cash on hand source
Posted by Ernie Smith • 0 Comments • Permalink

02 Nov 2009 09:27

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Biz: A year and some clunker sales make Ford huge profits

  • $997 million the size of Ford’s profits in the third quarter, largely helped by Cash for Clunker sales source
Posted by Ernie Smith • 0 Comments • Permalink

30 Sep 2009 19:47

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Biz: Penske ran rings around GM’s Saturn, but they couldn’t save it

  • 13,000 jobs could be lost in the wake of Roger Penske’s failed bid to keep the GM small-car brand alive source
Posted by Ernie Smith • 2 Comments • Permalink

22 Sep 2009 21:25

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Biz: General Motors is kicking production into high gear again

  • 3,000 workers are getting their jobs back now that the company is out of bankruptcy and needing cars source
Posted by Ernie Smith • 0 Comments • Permalink
 

01 Sep 2009 10:40

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Biz: Duh: “Cash for Clunkers” a kick in the pants for car sales

  • 16 million cars sold in August, based on a seasonally-adjusted rate source
Posted by Ernie Smith • 0 Comments • Permalink

08 Aug 2009 17:46

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Biz, U.S.: Does Cash for Clunkers destroy classic cars or kill off cruddy ones?

  • It would be a shame to wipe out the rootstock of all the great cars that followed, to see a utopian symbol like the Jeep Grand Wagoneer or a car with the rich personality of an Alfa Romeo 164 get clobbered.
  • Car and Driver editor in chief Eddie Alterman • Discussing some of the cars that could head off the road thanks to Cash for Clunkers, which just got another financial boost from the government. While cars of the era that are getting taken off the streets – vehicles made after 1984 – were made in a period where vehicle quality was in decline (hence the name of the program), some cars were definitely keepers that would stand the test of time. • source
Posted by Ernie Smith • 0 Comments • Permalink

08 Aug 2009 11:43

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Biz: Tesla Motors is looking kinda profitable these days

After spending years as a company where its ambitions meant big losses, Tesla Motors finally turned a $1 million profit. Modest, but a good start. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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