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Posts Tagged ‘Chrysler’

Obama Motors

Friday, July 10th, 2009

Since the US of A is the largest investor in General Motors, and has controlling interest of the company, do we have anything to worry about now that GM just got out of bankruptcy?
The local, county, state, and federal governments all buy a lot of vehicles. When was the last time you saw a police [...]

GM to File for Bankruptcy

Saturday, May 30th, 2009

According to several sources, General Motors will be filing for Chapter 11 Bankruptcy as soon as Monday, June 1st, 2009

Buy a New Car, Lose Your Job, Who Cares?

Saturday, May 30th, 2009

It seems like every vehicle manufacturer is now offering insurance against losing your job if you buy a new car. First, Hyundai offered the ability to give your car back to the dealer/bank if you lost your job. Then, once other manufacturers say how much the gimmick boosted sales, they modified the terms for the [...]

GM to Close Thousands of Dealerships

Tuesday, April 28th, 2009

Lots of employees at GM Dealers are looking for work as GM gets ready to close the doors on thousands of dealerships.

New Year, New Economy, New Auto Industry?

Tuesday, January 6th, 2009

What does 2009 mean for the American auto industry? Ford, GM and Chrysler will emerge as much stronger companies…if they survive.

How to Fix Detroit

Friday, November 21st, 2008

I saw the melt down in Detroit coming years ago. I think it was 2005 that I read an article that pointed out that GM had to spend around $2000 on every vehicle sold just to pay for the pensions and benefits of retirees. GM sold a lot more cars in 2005, and they have more retirees today. Is GM selling half the vehicles today? Wouldn’t that mean that they have to calculate closer to $4000 per vehicle for those expenses?

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