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15 Feb 2009 13:01

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Biz, U.S.: Automaker GM considers the nuclear option

  • General Motors could fold into a new company. The plan, which the Wall Street Journal reported about yesterday, would have the automaker file for Chapter 11 bankruptcy and reform as a new company. They’re under a lot of pressure to act right now – they got a massive bailout from the government and, along with Chrysler, have until Tuesday to show the government how they plan to restructure. source
Posted by Ernie Smith • 0 Comments • Permalink

15 Feb 2009 12:55

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Biz, U.S.: My, isn’t this auto industry quote dramatic

  • If we don’t beat the second half of 2008 this year, then it could be all over. We’re all going to be peeling bark off trees and go back to being an agrarian society.
  • Erich Merkle • An independent auto analyst, on the auto industry’s need to beat its dismal 2008 in 2009. Personally, we like farming. Give us a good mule and a way to cut through the soil, and we’re set for life! • source
Posted by Ernie Smith • 0 Comments • Permalink

08 Feb 2009 21:29

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U.S.: Gas is creeping up in price again

  • 6¢ national rise in prices in the last two weeks; it’s nearly $2 a gallon source
Posted by Ernie Smith • 0 Comments • Permalink

29 Jan 2009 09:58

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Biz: Automaker Ford: Sure we lost a buncha money, but really, we’re OK!

  • $5.5 billion amount that Ford blew through in the fourth quarter; they’re the only Detroit automaker not to take a bailout, and they had a huge loss last quarter source
Posted by Ernie Smith • 0 Comments • Permalink

13 Jan 2009 16:46

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Tech: The skinny on the new Toyota Prius

  • 50 mpg The mileage on the third-generation model of the hybrid. That’s 4 mpg more than the last one. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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