A new day is dawning at GM and there's a new sheriff in town. I'm curious to see how this will play out. How will GM reinvent itself under Ed Whitacre's leadership? The article got this right: "Despite his aggressive dealmaking, he is known to be somewhat conservative when it...
opinion by cbcastro | 3 years ago | updated 2 years ago 313 views | 2 recommendations | 0 comments
I was impressed by What I Learned Today about the “bill of goods” that is being sold to the American taxpayer in the form of the government rescue of General Motors: $30.1 billion = 60 percent stake in New...
opinion by BMCWrites | 3 years ago 212 views | 1 recommendation | 2 comments
Edward Whitacre Jr., the former Chairman and CEO of AT&T, has been named the new chairman of General Motors Corp.Interim chairman Ken Kresa hailed the appointment as "a very auspicious beginning...to complete the reinvention of GM".General Motors Corp filed for Chapter 11...
created by Jarrett Martineau | 3 years ago | updated 3 years ago 265 views | 15 recommendations | 1 comment
General Motors (GM) is selling its Saturn brand to Penske Automotive Group. This means that 350 Saturn dealers can keep dealing Saturns. The details aren't entirely clear, but the deal is worth between $100 million...
created by Jordan Yerman | 3 years ago | updated 3 years ago 392 views | 4 recommendations | 2 comments
Just a day after seeking bankruptcy protection, General Motors (GM) has sold its Hummer brand of SUVs to Sichuan Tengzhong , a Chinese heavy machinery company. The sale, for an undisclosed sum, was began with a...
created by Jordan Yerman | 3 years ago | updated 3 years ago 946 views | 28 recommendations | 0 comments
Despite filing for bankruptcy protection today, GM says it will stay committed to its Olympic Sponsorship deal with the 2010 Vancouver Olympic Games. US President Barack Obama announced that GM will file for...
created by Yuliya Talmazan | 3 years ago | updated 3 years ago 343 views | 4 recommendations | 1 comment
US President Barack Obama is announcing General Motors' bankruptcy protection filing, stating that the federal government is a "reluctant shareholder" and does not want to get involved in day-to-day management of...
created by Jordan Yerman | 3 years ago | updated 3 years ago 2966 views | 36 recommendations | 4 comments
General Motors filed for bankruptcy this morning, and has announced a list of 14 plants as well as three service centers that will close by December 2010. In addition, GM has been removed from the Dow Jones Industrial Average.List of General Motors plant closings:Orion,...
created by Jordan Yerman | 3 years ago | updated 3 years ago 5978 views | 1 recommendation | 0 comments
Having effectively been elected by a population believing in his redistribution of wealth promises, Obama has leaped into the fray of a game in which he has no experience. He arrived with an ideology, and seems to have learned little about the recession facing the Nation....
Bookkeeping is the systematic recording of financial transactions. If you aren’t a bank institution, remember this advice: never lend money to someone else unless you’re morally obliged. In that case before...
General Motors (GM) is planning to file for Chapter 11 bankruptcy protection on June 1, seeking additional funding from the US treasury as it sells off its assets and restructures. "The automaker will be provided...
created by Jordan Yerman | 3 years ago | updated 3 years ago 279 views | 24 recommendations | 3 comments
2009 is a year that will long be remembered by all automobile enthusiasts as the year they killed the American car. After over eight long decades, GM announced the closing of the Pontiac brand. More than an...
opinion by James Raider | 4 years ago | updated 3 years ago 175 views | 0 recommendations | 0 comments
Talks continued early this morning, after Government deadline had not been met. The negotiators worked past the deadline until 4am. A government official stated that the talks were allowed to continue as...
General Motors, in its continued attempt to become solvent, is closing 1,100 dealerships, and has already begun to alert those affected. There is no public list of the closures yet. This announcement comes on the...
created by Jordan Yerman | 4 years ago | updated 4 years ago 182407 views | 49 recommendations | 143 comments
In my article “Hybrid Hype” published last month, I mentioned the fact that contrary to the general opinion that Electric Hybrids should very much reduce the tailpipe CO2 are just fodder for policymakers,...