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Who is Responsible, GM, ACORN or Both?
By Albert N. Milliron, Editor, Politisite.com From 1959 through the seventies Consumer advocate Ralph Nader went after the automobile industry for safety issues in American vehicles. He wrote, “The Safe... NASCAR pleased after GM pulls out of bankruptcy
NASCAR Driver and Owners are happy that GM has pulled out of Bankruptcy. " JOLIET, Ill. -- The swift exit of General Motors from bankruptcy protection was good news for NASCAR's industry leaders, who count... Tesla Model Electric Car and Mercedes Hybrid F-Cell Roadster
The first mass-produced, highway worthy electric car, the Tesla Motor, was unveiled today, and they hope to have it ready to sell by 2011. This is a zero-emission car that is powered by a lithium-ion battery and... Indian company Tata to launch Nano on March 23
Indian automobile company Tata Motors will launch the much-awaited Tata Nano car in Mumbai on March 23, 2009. The cars will be on display at Tata Motors dealerships from the first week of April 2009. Bookings... GM to axe 10,000 salaried jobs, cut execs' pay
In a move to cut costs, GM has announced its latest step to pare down its operations ahead of a present restructuring plan. In the United States, approximately 3,400 of GM's 29,500 salaried employees will be... Rotating layoffs announced at GM, Chrysler auto plants in Windsor
WINDSOR, Ont. - Employees at two auto plants in Windsor, Ontario are facing rotating layoffs, starting next week. " Workers at the General Motors transmission plant are facing temporary job cuts as the automaker... Canada: Steep Sales Drop in 2008 for Detroit Three
Toronto - For the first time in history, less than half the vehicles sold in Canada in 2008 were produced by the Detroit Three automakers. " Foreign automakers sold 51.2 per cent of vehicles in Canada last year, the first time that the market share of the Detroit Three... Let the Auto Industry Go Bankrupt
Mitt Romney Makes a good argument why American Taxpayers should not Bail out the Auto industry. Bankruptcy would make the Auto industry restructure through the Court System allowing them to negotiate it's... GM takes $25bn governmant grants and runs out of cash
GM spend the $25bn aid, run out of cash $25bn just used to fix holes in the financial system, not a dime for fuel efficent cars as promised. Forget this industry, no economy engine, just lost orders. Shares to go... Venezuela Aims to Convert 969 Vehicles to Natural Gas This Year
" October 9th 2008, by Daniel Cancel - Bloomberg. Petroleos de Venezuela SA, the country's state-oil company, aims to convert 969 gasoline- burning vehicles to run on natural gas by the end of the year helped...Indian shares fall more than 2 pct in early trade
Indian stock markets have opened on monday sharply lower following weak global cues. Selling pressure is seen in metal, realty, telecom, power, capital goods, oil & gas and banking stocks. Nifty is trading at lowest level since March 20, 2007."Indian shares fell more than...Tata Bye- Bye Bengal saysTata
This is very intresting develpement as far as the future of West Bengal's industrial future is concerned.WB is ruled by communist govervment and industralisation is shifting toward south in last decade.WB did...Tatas shut down Singur plant, preparing plan for Nano relocation
" Kolkata: With no hopes of the stalemate ending in Singur, Tatas on Tuesday said it was considering shifting the low-cost Nano car project from West Bengal to some other State, on which a decision may be taken...MONEYTALK: GM $15.5bn loss
The credit crises, the petrol $4/Gln GM Sales down on record high. Pick-up trucks almost not to sell. New fuel efficient cars, german daughter Opel still doing well.New Hybrid, electric, Hydrogen cars...Start growing a mullet, the Camaro is out of retirement
It's oddly timed considering the global fuel crisis, but GM has unveiled the 2010 Camaro after years of retirement. Aside from the usual suspects--compensating middle-aged men, muscle car enthusiasts etc--I'm not...
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