ShareToyota owners, you might try this next time and see if it works.
automobiles's tag archives
Pedal to the metal?
Feb
News from 1931: New York Auto Show special
Jan
ShareThis comes from the up until New Year’s aptly-titled “News from 1930” website. It’s now really News from 1931 as it chronicles news during the Great Depression from exactly 79 years ago to the day.
US car and truck exhibitors at the annual New York Show include:
GM – Buick (20 models, sees long hold-off in buying [...]
140 views
GMAC in line for another $3.5 billion in bailout money
Dec
ShareFrom Bloomberg:
GMAC Inc., the home and auto lender, is discussing with the Obama administration an additional aid package of about $3 billion to $4 billion, according to a person familiar with the matter.
The size of the assistance remains under negotiation, the person said on condition of anonymity because the talks are private. A deal may [...]
GM to liquidate Saab
Dec
ShareFrom the Guardian:
General Motors announces closure of 62-year-old Swedish carmaker after collapse of negotiations with Spyker
One of the most famous names in European motoring, Saab, is set to be consigned to automotive history following a decision today by its owner, General Motors, to shut down the business after a last-ditch attempt at a sale failed.
GM [...]
Fritz Henderson gone as head of GM
Dec
ShareI wonder if the recent missteps with Opel and Saab had anything to do with this. CNN Money reports:
In a surprise move, General Motors chief executive Fritz Henderson resigned Tuesday, giving the battered government-owned automaker its third boss in less than a year.
The move was announced by GM Chairman Ed Whitacre following what he described [...]
GM’s sale of Saab collapses
Nov
ShareFrom Reuters:
A deal by General Motors Co GM.UL to sell its Saab brand collapsed on Tuesday when the buyer pulled out in a move that threatens the Swedish luxury brand with closure.
GM had been aiming to close a deal by the end of next month to sell Saab to a partnership led by the Swedish [...]
GM’s phony taxpayer repayment
Nov
ShareThis comes via Deal Book at the New York Times.
The company’s chief executive, Fritz Henderson, called the repayment plan “a personal commitment.” The Obama administration, wardens of the 60 percent taxpayer stake in the company, declared itself “encouraged” by the news. Many commentators followed suit. But in the premature rush to herald the beginning of [...]
225 views
Why GM is repaying bailout money while it is still loss-making
Nov
ShareThere are a lot of threads to tie together in today’s reporting of news in the auto sector.
General Motors has reported a third-quarter loss of $1.15 billion. But all indications are that car sales continue to outpace expectations in the United States. Meanwhile, there are conflicting stories that GM both plans to pay back [...]
429 views
GM looks to use US and Canadian tax money to bailout Opel
Nov
ShareAn article in the National Post suggests General Motors may look to divert some of its bailout money to Europe in the wake of a chill in German government support for subsidies. Talk of using taxpayer money to benefit workers in other countries is sure to raise ire, especially in the United States where the [...]
136 views
Germany gives GM a stiff arm on state aid
Nov
ShareYou could see this one coming given the humiliating circumstances under which the German Chancellor learned that GM was pulling out of the Magna deal.
The BBC is now reporting that Germany will give General Motors no aid to restructure it’s business. That’s 4.5 Billion Euros they now need to come up with.
Economy Minister Rainer Bruederle [...]
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- edwardnh: @michaeljung: The @SmartMoney comment is not true. The labor force participation rate was up both SA and unadjusted.
4 days agoedwardnh: @SmartMoney actually that's not true on labor force. rate fell because of seasonal adjustments http://bit.ly/bzI1RR
4 days agoedwardnh: Unprecedented moral suasion from regulators on small businesses lending: Credit Writedowns http://bit.ly/avYp3H
4 days agoedwardnh: Chandler: Policy makers are repeating the mistakes of the 1930s: Credit Writedowns http://bit.ly/aZBjs6
4 days agoedwardnh: Just added two charts: Unemployment number decline is all about seasonal adjustments: Credit Writedowns http://bit.ly/bzI1RR
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