The Week That Was For General Motors

By: Francis Cianfrocca (Diary)  |  November 21st at 08:49 AM  | 

So this week we witnessed the jarring spectacle of three wealthy, well-dressed CEOs flying from Detroit to Washington, DC, each in his individual private jet, to ask for anywhere from 25 to 50 billion dollars of your money. Instead, Congress turned them away. Democrats (if you take them at their word) said they wanted to give Detroit a big slug of money from the Treasury’s | Read More »

What Lies Ahead For General Motors

By: Francis Cianfrocca (Diary)  |  November 18th at 08:16 AM  | 

The most urgent piece of economic news and policy over the next several weeks will be the fate of the General Motors Corporation. It will take precedence over the general policy response to the worsening recession. The problems in the auto industry go well beyond the Detroit Big Three. All eleven of the major automakers with operations in North America have come under severe stress, | Read More »