Clik here to view.
GM is Now 'Appendage of Obama's Political Machine'
Barack Obama argued that if GM collapsed, jobs would be lost and shipped overseas, dealers would close, and the taxpayer would be saddled with all kinds of costs. Well, Obama is “saving” GM and all...
View ArticleClik here to view.
SEC Must Ban Auto Czar Steven Rattner From Securities Industry
The Securities and Exchange Commission (SEC) is reportedly considering a ban on former auto czar Steven Rattner from working in the securities industry for up to three years. Even if he gets the three...
View ArticleClik here to view.
How Can Auto Bailout Succeed When Its Based on Fraud?
In the coming weeks we are sure to hear a lot of hype over the upcoming General Motors IPO. As we approach the November elections, it is a certainty that the Obama administration will tout the...
View ArticleClik here to view.
Is Ford's Earnings Miss a Harbinger of a GM Disappointment?
Ford stock is taking a hit today after reporting earnings that missed analysts' estimates. European losses accounted for much of the earnings disappointment. General Motors is also known to have major...
View ArticleClik here to view.
GM Shares Will Likely Never Break Even for Taxpayers
Part 1: GM by the NumbersNews coverage of General Motors over the past few weeks has painted an increasingly glowing picture, but here's a dose of reality: GM still has not repaid taxpayers for the...
View ArticleEx-Car Czar Acknowledges GM Problems
Appearing today on CNBC, Steven Rattner, the former head of President Obama's auto task force, made some surprising observations that undermine his previously articulated optimism about the future of...
View ArticleIs Japan Crisis GM's Latest Excuse?
Last week, ex-car czar Steven Rattner seemed to pre-emptively blame rising gas prices for problems at bailed-out General Motors. Now AP reports that GM says that it will cut unnecessary spending in the...
View ArticleWe Told You So: Taxpayers to Take Massive Hit on GM Bailout
This week I am attending the New York International Auto Show and already there is plenty of news. The Wall Street Journal is today reporting that the government will "sell a significant share of its...
View ArticleLet's Not Forget Ethical Shortcomings of Auto Bailout
The auto bailouts are now being touted by President Obama as a "success" even though the taxpayer is about to take at least a $10 billion hit when the government sells its remaining GM shares. There...
View ArticleAuto Bailout Czar Ron Bloom Changes Story
On Friday night, I discussed White House staffer Ron Bloom's statement that the auto bailout was done for the unions, and his subsequent denial of making such a claim, only to now back off his denial....
View ArticleClik here to view.
GM’s Chevy Volt 'Bait and Switch'
According to a report by the Detroit News, General Motors claims that it now has fewer than 100 Chevy Volts sitting on dealer lots. In addition, only 1 in 9 dealers are offering the vehicles for sale....
View ArticleClik here to view.
Shafted Delphi Retirees Suing Treasury, Auto Task Force
The unprecedented intrusion of the executive branch of the US government into the American auto industry when the Obama Administration orchestrated the General Motors and Chrysler bankruptcy processes...
View ArticleClik here to view.
What's Behind Lutz’s Chevy Volt Tirade?
Well-respected car guy and General Motors supporter, Bob Lutz, posted a piece on Forbes that attacked "right-wing" criticism of the Chevy Volt. With all due respect and noting that I have nowhere near...
View ArticleClik here to view.
Did GM Bailout Cost Lives?
The death toll for General Motors' faulty ignition switch victims continues to rise with the last reported number being 42. There has been speculation that the death count is significantly higher, as...
View ArticleGM Misses Earnings - Burns over $3 Billion in First Quarter
It appears that General Motors is trying to remedy one of the latest criticisms against them. That criticism is that the company has way too large a “cash hoard” and most recently came from former...
View Article
