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08 May 2009 11:50

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Biz: Think GM is doing really bad? Check out Toyota’s losses.

  • $4.4 billion in annual losses – their first down year since 1950 source
Posted by Ernie Smith • 0 Comments • Permalink

07 May 2009 08:32

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Biz, U.S.: GM lost a cartoon-eye-poppin’ amount of money in Q1

  • $6 billion in losses for the broken dreams manufacturer 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

27 Apr 2009 09:11

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Biz: A lot of people will lose their jobs at GM very soon

  • 23,000 jobs will go away by 2011. Yikes. source
Posted by Ernie Smith • 0 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 22:33

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Biz, Politics: Expect GM’s decision to screw over all sorts of industries

  • There could be failures in lots of different industries as a result of this. One lost job at GM can result in up to 10 lost jobs elsewhere.
  • Mark Zandi • Chief economist at Moody’s Economy.com, on the potential mushroom effect this GM taking a break business could have on the freaking economy. We recommend that those 10 lost jobs elsewhere stock up on the Peanut Butter Crunch, because there’s gonna be a run on it because of all the middle aged men watching cartoons on a Tuesday afternoon. • 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

07 Apr 2009 08:21

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Biz, Tech: As if the Segway didn’t make people look stupid enough …

… GM and Segway have managed to create a two-person vehicle (the P.U.M.A. mobility pod) that looks even dumber! 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
 
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