Content: gm
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The US taxpayer owns 70% of GM. Why are we permitting someone with no knowledge of the automobile industry to seize control of GM on an interim basis?
This development probably marks the end of the line for Saab which sold only 7,600 cars in the US in the last 12 months.
Article | Nov 24, 2009 | Views: 128 | Comments: 0
Tags: gm, saab, koenigsegg
Why would anyone buy shares of a bankrupt company? It would be easy to conclude that investors are simply being irrational - and, undoubtedly, some of them are. But several studies of past...
This is a good lesson on the importance of diversification. From the article:
Byrnes said that, like most investors, he saw bonds as a conservative investment when he decided about five years...
GM's recent bankruptcy has been heralded as the end of America's industrial dominance. Really, it's not that bad.
Article | Jun 3, 2009 | Views: 65 | Comments: 0
Tags: gm, general, motors
The opinion of many analysts concerning the bankruptcy and what the new GM will look like.
Article | Jun 2, 2009 | Views: 101 | Comments: 0
Tags: gm, general motors, bankruptcy
Current shareholders will surely get wiped out. I wonder why anyone would hold on to the beaten down stock of a court protected company.
Article | Jun 1, 2009 | Views: 109 | Comments: 0
Tags: gm, government
This is a great article by an NYU professor which does what nobody else has been willing to do - point out that Obama, by playing favorites to the Unions, has made a mess of the GM bankruptcy -...
Article | Jun 1, 2009 | Views: 89 | Comments: 0
Tags: gm, general motors, bankruptcy
GM's bankruptcy is being met with a huge cheer. Doesn't make too much sense.
With General Motors expected to file for bankruptcy soon, GM stock price has been in a freefall. In fact shares have hit the lowest levels since 1932, which was the year Dow Jones Industrials...
Article | Jun 1, 2009 | Views: 78 | Comments: 0
Tags: gm, bankruptcy, general, motors
As the government tries to thaw the credit freeze, the next potential catastrophe is starting to heat up. I am beginning to see more and more written on the pending problem of underfunded pension...
The program would be funded by the US government (i.e. taxpayers) which would pay or subsidize owners of old, fuel-inefficient automobiles via a coupon or voucher for between $3,000 and $5,000 if...
Article | Apr 20, 2009 | Views: 225 | Comments: 1
Tags: cars, economy, gm, taxpayer, subsidy
Thousands of mom-and-pop investors own GM bonds and have seen their value fall along with the fortunes of the auto maker. Just this week GM brought a much tougher offer to bondholders - to swap...