Nearly 15,000 jobs will soon be lost in North America, with our country taking the biggest hit.
Mitt Romney is by far the biggest liar that I can remember in Presidential politics. This latest though is just a step too far: Despite his 2008 call to “let Detroit go bankrupt,” presumptive Republican presidential nominee Mitt Romney said Monday that he would “take a lot of credit” for his impact on the U.S. […]
Maybe the media should think twice about considering Matt Drudge some sort of news source. Appearing on the Drudge Report this morning was this link: There’s a big problem with that. Government Motors is the right wing meme for General Motors because of the bailout they received. But look at the actual article Drudge was […]
There has been all this talk from the fat of how he wants “Obama to fail”. Well now that the government has such a large stake in General Motors, the fat one is calling for a boycott of General Motors. Bob points out the irony here: Just a couple of weeks ago, the wingnuts were […]
Michael Moore has written a goodbye letter to GM: I write this on the morning of the end of the once-mighty General Motors. By high noon, the President of the United States will have made it official: General Motors, as we know it, has been totaled. As I sit here in GM’s birthplace, Flint, Michigan, […]
It looks like GM employees are going to get that perk that is usually limited to those in the teaching profession: General Motors Corp. is planning to temporarily close most of its U.S. factories for up to nine weeks this summer because of slumping sales and growing inventories of unsold vehicles, three people briefed on […]
That’s the message sent out by Senate Republicans last night as the auto bailout failed: Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse. General Motors Corp. and Chrysler LLC, which have said they could run out of […]
Ford’s CEO agrees to a paycut: Ford Motor became the first of the three U.S. automakers to unveil its turnaround plans to Congress Tuesday, but the plan contained little in the way of new cost cuts or other changes beyond what the company had previously announced. The company announced that the salary of Ford CEO […]
Ouch: Shares of General Motors Corp. plunged Wednesday to their lowest level since September 1954, as investors shrugged off better-than-expected June sales and analysts raised concerns about the company’s cash needs. George Bush’s legacy continues.
General Motors posts the biggest automotive loss ever – $38.7 billion in 2007. This has sparked them to offer a new round of buyouts to 74,000 U.S. workers.