GM’s story doesn’t make any sense ($1.3 billion profit & four CEOs)

By: barrypopik (Diary)  |  August 15th at 11:59 PM  | 

The official GM story doesn’t make any sense. GM just reported a quarterly $1.3 billion profit. So that $100 billion auto bailout was just wonderful–and go out and buy GM’s IPO! The company’s going great! Just trust our fourth CEO in two years! If you knew nothing else about a baseball team except that it’s changed managers four times in two seasons, you’d know that | Read More »

Friday NY Times rare gem: “G.M.’s Electric Lemon” (Chevy Volt)

By: barrypopik (Diary)  |  July 30th at 08:00 AM  | 

From the diaries, by Erick “Government Motors” and its new Chevy Volt is an epic fail. Taxpayer money bought a bankrupt business, which then proceeded to build cars that no one wants to buy. Friday’s New York Times offers a rare opinion that actually makes sense: