Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

03 Feb 2010 21:19

tags

U.S.: Michigan Governor: We aren’t just about cars anymore

  • Where the old Michigan economy was all about autos and manufacturing…the new Michigan economy is much broader: clean energy, life sciences — like bio-economy and medical devices — homeland security and defense, advanced manufacturing, film and tourism.
  • Micigan Gov. Jennifer Granholm • In her final State of the State address before being term-limited out of office. The state, which has felt the worst effects of the recession, needs a change in mentality. Granholm says she plans to help the state leapfrog the auto industry in its entirety, while not quitting it entirely. With less than a year left, can she pull it off? With the economy in such dire straits, she needs to. source
Posted by Ernie Smith • 0 Comments • Permalink

20 Dec 2009 11:11

tags

Biz: Saab dead, then Saab not dead, then Saab dead, then Saab not dead

  • The Swedish automaker has another lease on life. After GM announced that the company would be closed last week after talks with potential suitor Spyker fell through, Spyker said “not so fast” and submitted another deal. “Despite our collective 11th-hour set-back, we are returning to the table with a renewed offer,” said Spyker Chief Executive Victor Muller. Saab’s 3,400 employees must be pleased that they’re being taken on such a comfortable merry-go-round. source
Posted by Ernie Smith • 2 Comments • Permalink

01 Dec 2009 20:17

tags

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

tags

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
  • $3.3 billion amount of cash it generated in the third quarter – GM plans on repaying its government loans early as a result of the strong quarter source
Posted by Ernie Smith • 0 Comments • Permalink

06 Oct 2009 21:21

tags

Biz: GM: Saturn spun out, but Hummer’s sale still humming along

  • We avoided a dirty joke in the headline. The formerly-bankrupt General Motors says that its sale of Hummer to the menacingly-named Sichuan Tengzhong Heavy Industrial Machinery Co. is still on track. They didn’t come to an agreement with the Chinese manufacturer last quarter but plan to keep working at it this quarter. We avoided another dirty joke ending this post. source
Posted by Ernie Smith • 0 Comments • Permalink

30 Sep 2009 19:47

tags

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
  • 350 dealers will be left holding the bag after Penske’s manufacturer, Renault-Nissan, backed out source
Posted by Ernie Smith • 2 Comments • Permalink

22 Sep 2009 21:25

tags

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
  • 45% the expected boost in vehicle production in 2010; the Clunkers program depleted their supply source
Posted by Ernie Smith • 0 Comments • Permalink
 

17 Aug 2009 10:44

tags

Biz, U.S.: Obama’s pay czar will take back executive pay if he has to

  • Whether I have jurisdiction to decide his compensation or not, we will take a look and decide over the next few weeks.
  • Obama pay czar Kenneth Feinberg • On what he’s considering doing to companies that have been slow to pay back money from the TARP program. Those companies include some of the government’s favorite targets: Citi, AIG, Bank of America, Chrysler Financial, Chrysler, General Motors and GMAC. Basically, two of the country’s biggest banks and the two auto companies that we bailed out. • source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jul 2009 09:25

tags

Culture: We know why GM went bankrupt: A Transformer-themed Camaro

Who over the age of 10 would think a Bumblebee-themed car would be awesome? And who under the age of 10 can actually drive? source
Posted by Ernie Smith • 1 Comment • Permalink

14 Jul 2009 19:49

tags

Biz, U.S.: Ex-GM CEO Rick Wagoner says “ka-ching!” during a bankruptcy

  • $10 million retirement package, while his old company restructures source
Posted by Ernie Smith • 0 Comments • Permalink
 
<< newer 
top tags
older >>