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12 Jun 2009 16:16

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Sports: Latest byproduct of GM’s bankruptcy: Cuts to NASCAR racing

  • They’re not going away completely, but they are cutting back. One of the most obvious public exponents of General Motors may be its role in the hugely popular NASCAR. GM, largely represented by Chevy, will take a step back, cutting funds from some big stars’ teams (Dale Jr. and Kevin Harvick) and overall doing less. NASCAR’s already been hit hard by the global crisis, with many job losses in the last year. This is just another chink in the Armor-All. source
Posted by Ernie Smith • 0 Comments • Permalink

12 Jun 2009 11:38

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Biz: The dealers are on board for GM’s massive restructuring

  • 95+% of eligible dealers have signed on for GM’s upcoming reconfiguration as a new company source
Posted by Ernie Smith • 0 Comments • Permalink

10 Jun 2009 18:37

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Biz, Tech: CHARGE! Bankrupt GM spends a ton of money on batteries

GM is so focused on trying to reinvent itself that it built this giant frickin’ $25 million lab to make giant batteries for electric cars source
Posted by Ernie Smith • 0 Comments • Permalink

03 Jun 2009 20:52

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Biz, U.S.: GM and Chrysler: We have to cut dealerships. HAVE. TO.

  • We have no choice. We’re all being called to sacrifice in order to build a strong, more viable GM. This is our last chance to get it right.
  • General Motors CEO Fritz Henderson • Regarding the need to cut dealerships at a Senate committee hearing today. Both GM and Chrysler are cutting enough dealerships that they’re going to screw small towns all over the country. Good for you guys. Jerks. • source
Posted by Ernie Smith • 3 Comments • Permalink

03 Jun 2009 10:20

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Biz, U.S.: GM’s bankruptcy is not going to help Michigan’s economy one bit

  • 780,000 number of jobs lost in Michigan in the last decade; that’s a LOT source
Posted by Ernie Smith • 0 Comments • Permalink

02 Jun 2009 11:07

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Biz, U.S.: GM sez parties making interested rings around Saturn

  • 16 interested parties approached GM about buying the brand source
Posted by Ernie Smith • 0 Comments • Permalink

01 Jun 2009 22:08

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Biz: First to go in the GM bankruptcy? The corporate jets.

  • 7 number of “not necessary” corporate jets GM wants to ditch source
Posted by Ernie Smith • 0 Comments • Permalink
 

01 Jun 2009 10:39

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Biz, U.S.: How did General Motors go from pioneering to bankrupt?

General Motors circa 1906
  • There’s a long, winding story of how GM got from hand-crank to Hummer to handouts. For a company this essential to our country – especially the Midwest, but really everywhere – it’s a sad, bastardized legacy.source
Posted by Ernie Smith • 0 Comments • Permalink

01 Jun 2009 10:08

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U.S.: When GM entered – and will leave – the Dow Jones index

  • 1925 The year the historic company perched its sturdy, reliable roost on the Dow Jones industrial average source
Posted by Ernie Smith • 0 Comments • Permalink

01 Jun 2009 08:44

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Biz, U.S.: Big auto news #2: GM files for bankruptcy protection

  • One of the country’s greatest icons of industry is no longer independent. After years of mounting losses and an inevitable couple of weeks, General Motors filed for bankruptcy this morning. source
  • The automaker, which has been eroding market share since the ’80s and lost $30 billion last year alone, will likely be 60% owned by the federal government, which is sarcastically awesome. source
Posted by Ernie Smith • 0 Comments • Permalink
 
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