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General Motors

How Frank Stronach outwitted Sergio Marchionne and got Opel

My apologies to all of the Case New Holland readers of this blog.  David Olive posts a story about your boss, Sergio Marchionne getting outsmarted which I have posted below. ….so Berlin ultimately favoured the bid by a consortium led by Magna. Opel-Vauxhall becomes the first Canadian-controlled automaker since 1918. when the Oshawa, Ont.-based McLaughlin [...]

Introducing… Government Motors

Wow, the U.S. government now owns 72% of General Motors. The latest plan for the troubled automaker, which is expected to file for bankruptcy by Monday, calls for the Treasury Department to receive about 70 percent of a restructured G.M. Including the more than $20 billion that has already been spent to prop up G.M., [...]

The end is near

I found this article about the some of the last GM factory employees in Flint, Michigan both sad and cool.  Sad in the fact that as I read it, I wonder if they are going to lose their jobs, pension, and everything.  It’s cool in that I admire their guts to ride out the good [...]

Can Chrysler be Saved?

According to David Olive at the Great Recession blog It’s only a matter of time, but Chrysler will fail, this time for good. There arguably was still a need for Chrysler the previous two times it dug a grave for itself and started covering itself with dirt. But no longer. Chrysler has outlived its usefulness, [...]

The Fiat Takeover of Chrysler

From David Olive over at the Great Recession blog has this great post on the Fiat takeover of Chrysler Just so we’re clear on the Fiat rescue of Chrysler that the White House is counting on: Fiat lost a ton of money ($785 million U.S.) in 1Q ’09. Fiat has such a sound grasp of [...]

Flint, Michigan

The other day I took a shot at Flint, Michigan in a blog post and the next day I got a friendly comment from someone who works for Flint Tourism pointing out that I may have over looked some of Flint’s characteristics.  Now I wasn’t really trying to be mean to Flint, I was just [...]

Working less, making less

From MSNBC There were about 7.8 million part-time workers who would rather be working full-time as of January, according to the Bureau of Labor Statistics, a whopping 65 percent increase over a year earlier and about the same as the previous month. The sharpest increase in the number of so-called “involuntary” part-time workers has come [...]

Rebuilding after a layoff

The New York Times has a good story on how hard it is for people laid of from General Motors to go on with their lives. He still has not decided whether to try to transfer to another G.M. plant, change occupations or return to school. Visiting the local United Automobile Workers hall recently, Mr. [...]

Strategies for Survival

The Globe and Mail is trying to figure out the prospects for the Big 3.  Ford looks okay, GM is anyone’s call and it looks bad for Chrysler. In past discussions about its product lineup, Chrysler officials have said they could cut a lineup of 11 SUVs in half and also make changes to the [...]

Mechanics

A couple of months ago Wendy and I got some shocking news that our trusted mechanics had retired and sold out to someone else who planned to open a used car lot.  Now our mechanics were grease monkeys in the best possible way.  They were always honest, never overcharged us, and always came in below [...]

Counterpoint

General Motors has released a video showing how important they are to the North American economy. Of course the question isn’t that the automakers need help, the question is what steps make the most sense and I am not convinced that a bailout will do anything than prolong the inevitable.  The video above came embedded [...]

Should General Motors go bankrupt

 The New York Times is saying what many of us have been saying for a while.  It may be better for everyone if General Motors was forced to reorganize under bankruptcy protection rather than get a bailout from the government. But not everyone agrees that a Chapter 11 filing by G.M. would be the disaster [...]

Bailout II

I don’t know about you but for some reason bailing out the automakers bugs me worse than bailing out the banks.  The automakers have been getting their butts kicked by Japanese automakers for years and then gambled on SUVs to bring them back.  The gamble failed and now they want the Canadian and American governments [...]

Attack Ads

I just watched a Chevy Silverado ad attacking a Toyota Tundra which makes me think that Toyota is taking more than a wee bit of the Chevy truck market.  I read somewhere that with the Big 2.5 automakers relying so heavily on truck sales that any inroads in on their full size truck market and [...]