Mercury fallout from the Cash-for-Clunkers program.
Let’s walk through the mercury problem (H/T: Instapundit). Automakers used mercury as a component for various auto systems until 2004. They stopped because mercury is toxic, and it gets into stuff that we eat (the actual level of risk is in fact not relevant for this discussion). People get very touchy about toxic elements being thrown out with the rest of the garbage, so there’s | Read More »
Eau de Bailout – Obama Motors to launch Cadillac Men’s Fragrance line…… via Dubai.
Kenny, are you hitting the bottle again ? No. I’m taking medication for a sinus infection, but I’m not drunk, or looped out on the med. Surely you can’t be serious ? Of course I’m serious…… and don’t call me Shirley ! http://www.thestar.com/business/article/669763 ©2009 Toronto Star (Written by Tony Van Alphen) Sputtering General Motors Co., just out of a quick drive through bankruptcy court, will | Read More »
WPost: GM Will Probably Never Pay Back Its Loans
I suppose there are few of us who hadn’t guessed this, but it would have been nice to have it reported before the administration committed to a bailout: It’s sure to be a stretch. For the United States to fully recover its investment, the value of General Motors stock will have to reach levels it has never before attained. “I’m not going to predict it | Read More »
$10 Per Gallon Gasoline?
That’s what Elon Musk wants, in order to make his all-electric Tesla roadster more competitive in the new car market: Tesla CEO Elon Musk is speaking right now at Wired Live. What’s he saying? For starters, he wants to buy a car factory from a Detroit automaker so he can produce 100,000 cars per year. More craziness below. So it’s nice that Musk has such | Read More »
The Amtrakization of GM
Right now the Obama team is swearing up and down that General Motors is only going to be a government property for a short time – a few years, at the most. But there’s nothing harder to kill than a federal program. There’s already plenty of evidence that both the White House and Congressional leaders view GM as a jobs program, rather than a company. | Read More »
Let us compare two commercials: GM’s, and its parody.
This is the original: …annnnnd (via Ace of Spades) this is the parody. The parody’s better. Not to mention, considerably more honest. Moe Lane PS: I don’t know whether this site is Left-oriented or Right-oriented, but I’ll say this: whoever made it is not happy. And he or she is right to be not happy. Crossposted to Moe Lane.
GM files for bankruptcy protection
General Motors filed for bankruptcy protection this morning and President Obama plans to give the bankrupt car maker another $30 billion bailout during and after the bankruptcy process. That will bring the bailout of General Motors to $50 billion. The $50 billion bailout of General Motors is second only to the $150 billion AIG bailout. According to the Washington Post, under the proposed restructuring of | Read More »
GM is soon to announce its new concept-the Obama.
The future is here, brought to you by the bailed-out engineers at USGMAC. First, let’s not even call it a car. That’s been deemed racist, or sexist. Or both. This is activism with its training wheels off. A green-dream-machine given form. Except there won’t be any machinery to speak of. The only working cog will be the operator. Marvel at the first car designed by | Read More »
The Pelosi-Mobile is Here
Barack Obama dismissed Rick Wagoner, and he is reportedly planning to dismiss a majority of GM’s Board of Directors. He also says he wants bold reform, so that General Motors offers the sort of cutting-edge products that the car buyers of today and tomorrow want. He also doesn’t like the Chevy Volt. So what does Barack Obama expect us to drive? Today’s news gives us | Read More »
Barry O Kills the Chevy Volt
Way to go, General Motors! You’ve staked your survival on electric cars, hybrid cars, and high-mileage cars – apparently reading tea leaves and thinking that was what Obama and Congressional Democrats wanted. Instead, it turns out Barack Obama thinks you did it all wrong. Even more surprising, it’s GM’s high-tech, environmentally-friendly, crown jewel car of the future that was your biggest mistake. The Chevrolet Volt | Read More »
Lipstick on a Pig
The President of the United States is a man who has succeeded largely by substituting charisma for substance. It’s critically important for him to look like a heavyweight. Understanding this well, the New York Times is obliging Mr. Obama with the headline “Obama Issues Ultimatum to Carmakers,” accompanied by a picture of the Great Man looking stern and powerful by contrast with the non-entities who | Read More »
General Motors Hurtles Toward Bankruptcy
The big headline yesterday was that GM CEO Rick Wagoner is being dismissed in favor of Fritz Henderson. This isn’t remarkable in itself, because no one expected him to last, despite having the oft-expressed (in public, anyway) full confidence of GM’s board . Today, the President of the United States is expected to make significant announcements about GM’s warranty policy. No, that’s not a typo, | Read More »
Obama’s Auto Task Force Decided to Bail Out GM & Chrysler Before they Started Work
The Wall Street Journal reports that the Obama administration is prepared to recommend billions in new ‘loans’ to America’s automakers, as long as they meet certain requirements. But once you get past that headline, something very disturbing becomes apparent: Obama’s task force never really considered a bailout on the merits, but concerned itself only with how to structure it. The decision to pour tens of | Read More »
Put General Motors Down
By any reasonable measure, GM, or at least its North American operation, is mortally wounded. The auto industry in the US is a mature one with very little room left to grow. The industry in general, and GM in particular, is saddled with excess and inefficient manufacturing capacity, extortionate union contracts which, for reasons known only to them, management agreed to, and enormous pension and | Read More »
Will the Last One out of Detroit Please Turn Off the Lights?
GM’s auditors are talking about bankruptcy for the automaker: General Motors Corp.’s auditors have raised “substantial doubt” about the troubled automaker’s ability to continue operations, and the company said it may have to seek bankruptcy protection if it can’t execute a huge restructuring plan.