Tag Archives: General Motors

U.S. Intervention in Auto Markets: Numbers and Politics

The U.S. Government’s intervention in the domestic auto market, via their direct assistance to American automakers General Motors and Chrysler in 2009, is receiving some real attention now that we have some results to look at. That attention, with the … Continue reading

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Wagoner Forced Out at G.M.

With President Obama scheduled to talk tommorow about bailouts for both G.M. and Chrysler it was announced tonight that Rick Wagoner was stepping down as CEO of G.M., effective immediately. The news was leaked by White House sources, as was … Continue reading

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G.M. Post 30 billion Dollar Loss

General Motors posted a $30.8 billion dollar loss for 2008, burning through over $6 billion in cash. The company will meet today with Obama Administration officials as it continues to struggle to restructure itself to try to return to profitability. … Continue reading

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G.M. on the Brink

General Motors, under federal deadline to produce a business plan that will show a path to viability, is likely to ask for additional funds on top of the $13.4 billion already committed by the U.S. government. G.M. will also present … Continue reading

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Bush to the Rescue?????

President Bush appears to be moving towards offering some relief to the auto industry, as he has reportedly dropped his opposition to utilization of the T.A.R.P. funds allocated by Congress earlier this year. Talks have begun, with details hard to … Continue reading

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