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06 May 2009 10:55

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Biz: Ford invests lots of money into its long-term future

  • $550 million in plant upgrades to improve its Focus source
Posted by Ernie Smith • 0 Comments • Permalink

27 Apr 2009 11:02

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Biz, Politics: Peace out, Pontiac: You will be missed, old friend

  • It wasn’t only the muscle cars, the GTO or the ’67 Firebird or the beastly Trans-Am, that made Pontiac something special.
  • “The Swamp” blogger Mark Silva • Reminiscing about the death of the Pontiac brand, which was announced today along with all those job cuts by GM. The Pontiac brand slowly but surely evolved away from those muscle cars that defined it early on, but they still define the brand to many. • source
Posted by Ernie Smith • 2 Comments • Permalink

24 Apr 2009 10:27

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Biz: Ford desperately tries not to waver into bailout realm

  • -75¢ The per-share loss that Ford had last quarter. That loss, which is $1.8 billion, is far less than analysts expected. source
Posted by Ernie Smith • 0 Comments • Permalink

22 Apr 2009 22:22

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Biz, U.S.: GM: What’s a good way to clear car inventory? Stop making cars.

  • 15 car plants will shut down for nine weeks later this summer. Wow, that just sucks. o_O source
Posted by Ernie Smith • 0 Comments • Permalink

21 Apr 2009 10:48

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Biz, U.S.: Chrysler, GM get a little help from their friends at the White House

  • $500 million Amount Chrysler will get to see through their merger with Fiat source
Posted by Ernie Smith • 0 Comments • Permalink

16 Apr 2009 10:25

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Biz: A group of people want to buy Saturn from G.M. Whoo.

If you were an investor, wouldn’t you be interested in taking these cars off the hands of a failed auto giant? source
Posted by Ernie Smith • 2 Comments • Permalink

01 Apr 2009 22:56

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Biz, Politics: Editorial: Carmakers could have pulled the electric trigger long ago

  • In Michigan, we are doing everything we can to become the home of this new electric auto industry – and to the jobs this industry will create.
  • Gov. Jennifer Granholm • On the rebuilding of the industry that’s the cornerstone of that state. GM had a chance to do the electric car right and a captive audience, and they limited its appeal and let it die. It seems like a sad commentary on our country’s priorities that it takes near-bankruptcy to convince the auto industry to properly give electric cars an actual shot. • source
Posted by Ernie Smith • 2 Comments • Permalink
 

31 Mar 2009 22:02

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Biz, Politics: Opinion: If GM or Chrysler fail, is nationalization really that bad?

  • It’s the kind of daunting task that calls for a great national project. Nationalizing the first automaker to go would give us a lab for that project, and save American manufacturing to boot.
  • Non Vivant Blogger John Zwick • Suggesting the idea of a nationally-reworked car company; Zwick suggests that the it would allow the country to move towards cleaner, greener cars and into a more modern approach to an industry famous for bloat. We’re sure some might claim it’s socialism or *gasp* communism, but that’s why this article is clearly marked as opinion, so you jerks can’t claim we’re the ones saying it. As it is, Zwick is making a reasoned argument. • source
Posted by Ernie Smith • 0 Comments • Permalink

30 Mar 2009 10:43

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Biz, U.S.: Stocks are down! Time for a photo of a fretting investor!

As you might imagine, they really didn’t like the GM/Chrysler auto bailout news. So, now they’re fretting. source
Posted by Ernie Smith • 0 Comments • Permalink

30 Mar 2009 00:34

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Biz, U.S.: Auto bailout: Why Obama’s finally trading the carrot for the stick

  • We think we can have a successful U.S. auto industry.
    But it’s got to be one that’s realistically designed to weather this storm and to emerge — at the other end — much more lean, mean and competitive than it currently is.
  • President Barack Obama • On Face the Nation yesterday morning; the president and his administration feel that the automakers (particularly Chrysler, who seems to have given up hope for anything but a merger) are not doing enough to aggressively restructure their companies in the face of impending doom. • source
Posted by Ernie Smith • 2 Comments • Permalink
 
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