This may turn out to be the decade of the disappearing automobile…or at least a pile of them; Oldsmobile, Pontiac, Hummer are all gone. Hummer dealers learned on Tuesday that their brand is going away. A pending sale to Chinese giant Sichuan Tengzhong Heavy Industrial Machinery was shot down by the Chinese government. So hang on [...]
The New GM (Government Motors) Proudly Introduces The 2010 Obama This car runs on hot air and broken promises. It has three wheels that speed the vehicle through tight left turns. It comes complete with two TelePrompters programmed to help the occupants talk their way out of any violations. The transparent canopy reveals the plastic smiles still [...]
By KEN THOMAS The Associated Press Wednesday, October 21, 2009; 1:41 PM WASHINGTON — Shockingly poor financial management at General Motors and Chrysler weakened their case for a federal bailout, but officials feared letting them collapse, the former head of a government auto task force said Wednesday. In a first-person account posted on Fortune magazine’s [...]
I guess it makes sense that a company from China, whose economy is booming, would buy a brand like Hummer, but it just doesn’t seem right. Can you picture the Chinese driving around in the monsters? Will they export them to the US? Hardly seems right. http://www.freep.com/article/20091010/BUSINESS01/910100336/1210/BUSINESS/GM–Chinese-firm-reach-Hummer-deal
The itty-bitty-teenie-weenies are on the way! The Fiat 500 is slated to arrive in the US just in time for the end of this nasty ol’ recession (in my opinion). When we see what the new Obama Motors looks like, the 500 may actually be an attractive alternative to the Obamamobile. DailyTech – Fiat 500 [...]
Is bankruptcy the next step for GM? If so, can Chrysler be far behind? Technorati Tags: GM,Chrysler,bailout 2nd UPDATE:GM Auditors Raise Doubt On Auto Maker’s Viability
Who knows when the bleeding will stop? These are unprecedented times indeed. Briefing.com: GM, Chrysler Ask for Billions More
