There 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 [...]
General Motors's tag archives
Why GM is repaying bailout money while it is still loss-making
Posted by Edward Harrison in Monday, November 16th 2009
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Category: Business Tags: automobiles, bailout, business media, economic stimulus, financial statements, General Motors, Germany
314 views
314 views
GMAC has been nationalized
Posted by Edward Harrison in Thursday, October 29th 2009
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And you thought the bailouts were over and market discipline might be restored. Not a chance – the bailouts will continue, come hell or high water. The latest demonstration of this is GMAC, where the government will now be majority owner. GMAC has officially been nationalized. Now the government is running auto financing in addition [...]
CRE: GMAC-related Capmark Financial near bankruptcy
Posted by Edward Harrison in Saturday, October 24th 2009
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A sign that the commercial real estate (CRE) market continues to cause headaches comes this weekend in the form of news of Capmark Financial’s imminent demise. Capmark is one of America’s largest commercial property lenders with about $10 billion in assets.
The New York Times’ Dealbook reports:
The Capmark Financial Group, the big commercial real estate finance [...]
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