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18 Aug 2010 19:26

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Biz: General Motors’ IPO is pretty big, but it likely won’t be the biggest

  • $12-16 billion the amount GM’s upcoming IPO is expected to raise
  • $19.7
    billion     the amount Visa’s 2008 IPO, the largest ever, raised source
Posted by Ernie Smith • 0 Comments • Permalink

14 Aug 2010 12:13

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Biz: The Detroit auto industry not looking so dire nowadays

  • Fundamentally this thing has been reshaped, resized and rethought. … We’re not trying to kill each other for this month’s market share. Those days are over. We’re not offering $7,000 checks to try to sell a car.
  • Chrysler (and Fiat!) CEO Sergio Marchionne • Discussing the major changes the Detroit auto companies have made in their business models in the wake of the whole bailout situation from a year or two ago. GM was on dire straits. Ford was skating by. It didn’t even look like Chrysler was going to make it. This has largely changed. Profits are back for the companies. They have slimmer product lines and payrolls. And their CEOs – especially GM’s new one – are outsiders to Detroit. Don’t call it a … OK, call it a comeback. source
Posted by Ernie Smith • 0 Comments • Permalink

12 Aug 2010 10:27

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Biz: GM’s profits: Here’s your beacon of hope, depressed investors

  • $1.3 billion in profits this quarter, the best since 2004 source
Posted by Ernie Smith • 0 Comments • Permalink

27 Jul 2010 21:10

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Biz: The Chevy Volt: Not cheap, but the lease price isn’t too bad

  • $41k the amount it costs to purchase GM’s hope, the new Chevy Volt
  • $33.5k the amount it costs after the federal tax credit kicks in
  • $350 the amount a monthly lease costs (that’s reasonable!) source
  • » Why GM should be worried: Their electric car is going to compete directly with the Nissan Leaf, which far less in its least expensive configuration, $32,780, or $25,280 after the credit. On the plus side for GM, the leases are nearly the same price – $349 for Nissan vs. $350 for GM.
Posted by Ernie Smith • 0 Comments • Permalink

18 Jun 2010 11:52

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Biz: Evidence GM and Toyota are in an auto-industry upswing

  • GM Instead of having its traditional two-week factory shutdown this summer, the company plans to keep 9 of its 11 plants open.
  • Toyota The company is planning to actually use a plant it nearly finished but never opened up. 2,000 people will get jobs. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Jun 2010 11:08

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Biz: “Chevy” goodbye: General Motors wants Chevrolet to break from past

  • Back in the day, Chevy and Chevrolet were one in the same. But that’s going to change soon. General Motors has started asking staffers to refer to Chevrolet by its full name. Why? They want to keep a consistent message. “Why is this consistency so important?,” a memo, released Tuesday, asks. “The more consistent a brand becomes, the more prominent and recognizable it is with the consumer.” But, uh, Chevy is already one of the most recognizable brands in the world. source
Posted by Ernie Smith • 0 Comments • Permalink

08 Jun 2010 11:23

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Biz: Another day, another massive recall, this time from GM

  • 1.5 million vehicles recalled over fiery windshield wiper fluid source
Posted by Ernie Smith • 0 Comments • Permalink
 

17 May 2010 09:38

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Biz: GM’s financial outlook: What a difference a bailout makes

  • 40% increase in quarterly sales
    for the automaker
  • $865
    million     the company’s profits this quarter, their first since 2007
  • $6
    billion     the company’s losses in the same quarter a year ago source
Posted by Ernie Smith • 0 Comments • Permalink

07 Apr 2010 10:42

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Biz: GM lost a little pocket change in the second half of 2009

  • $4.3 billion in losses – and that was after bankruptcy source
Posted by Ernie Smith • 0 Comments • Permalink

27 Mar 2010 14:25

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Biz: GM recalls a bunch of vans, but you probably don’t own one

  • 5,000 Chevrolet Express and GMC Savana vans have been recalled
  • 1,300 are being used by rental fleets and are no longer being rented source
Posted by Ernie Smith • 0 Comments • Permalink
 
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