GM
February 2009 Sales Results Are In
By Chris Haak 03.04.2009 Surprising nobody, US light-vehicle sales in February 2009 were down 41.3% versus February 2009. The only make with a positive sales number was...
Check Your Mirrors
By Chris Haak 02.27.2009 Already-reeling Saab had to halt production this past week when a wrinkle occurred between a supplier of parts imported to Sweden and Swedish customs. ...
GM No Longer Considers Chapter 11 Filing Off The Table
By Chris Haak 02.16.2009 With the economy in the US and globally showing no signs of improvement, and the new-vehicle market showing no signs of life, the cash situation at GM...
White House Signals that TARP Money Might Be Used for Bailout
By Chris Haak 12.12.2008 President Bush, probably (and fortunately) eager to avoid the black eye on his administration's legacy should GM and Chrysler declare bankruptcy and...
Detroit Bailout Dies in the Senate
In the face of Senate Republican opposition, the $14 billion auto industry aid bill that passed in the House of Representatives on Tuesday has died. The biggest concerns raised...
What is Richard Shelby’s Problem?
With word that the US House of Representatives has passed an auto industry rescue bill last night, the next step, of course, is to have the same bill passed by the Senate. As...
WSJ Reports That Chrysler Hires Bankruptcy Firm Jones Day
By Chris Haak 12.05.2008 With the congressional hearings on auto industry assistance still in progress, I happened to walk past a TV today that had CNBC on, and the crawl at the...
Chrysler Submits Business Plan to Congress
By Chris Haak 12.03.2008 The smallest of the formerly Big Three submitted its "detailed business plan" last to Congress, with word going out via e-mail to journalists just...
GM Submits Business Plan to Congress
By Chris Haak 12.02.2008 GM has submitted its business plan to Congress for its review - and if the plan is deemed to be viable as far as limiting the likelihood that GM would...