Bailout of the big 3, is it really such a bad thing?
This will be the last injection of taxpayer money, promises King Stevie.
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And Barack the Blessed is so busy not running Government Motors that he has time to call the Mayor of Detroit to assure him that the headquarters will not be moved.
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And Barack the Blessed is so busy not running Government Motors that he has time to call the Mayor of Detroit to assure him that the headquarters will not be moved.
"Every decent man is ashamed of the government he lives under." H.L.Mencken
- arthur
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I understand that there will be some major expenses associated with many senior executives being forced to leave as their positions have been designated Bilingual and they do not speak Quebecois.
You want the truth, you want the truth, you can't handle the truth.
The masses have never thirsted for the truth, whoever supplies them with illusions is their master, whoever supplies them with the truth, their victim.
If you do not risk anything , you risk even more. Jong
The masses have never thirsted for the truth, whoever supplies them with illusions is their master, whoever supplies them with the truth, their victim.
If you do not risk anything , you risk even more. Jong
Unless the US also kicks in more money, but the US Government is not the type to provide bailouts in multiple iterationsworthy wrote:This will be the last injection of taxpayer money, promises King Stevie.
- parvus
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At GM?arthur wrote:I understand that there will be some major expenses associated with many senior executives being forced to leave as their positions have been designated Bilingual and they do not speak Quebecois.
The Ste-Thérèse assembly plant closed in 2002. It is now Le Faubourg Boisbrand.
Wovon man nicht sprechen kann, darüber muß man schweigen — a wit
finiki, the Canadian financial wiki Your go-to guide for financial basics
finiki, the Canadian financial wiki Your go-to guide for financial basics
A former GM senior economist reminds us there is another model, too, for Government Motors--AMTRAK.
But as every social activist, Red Star columnist and crusading politician will explain, "social objectives can't be judged strictly on a dollars and cents basis." Think of the jobs, the economy, the communities, the environment. (And especially the voting blocs to appease and delight.) Ah, democracy!
But as every social activist, Red Star columnist and crusading politician will explain, "social objectives can't be judged strictly on a dollars and cents basis." Think of the jobs, the economy, the communities, the environment. (And especially the voting blocs to appease and delight.) Ah, democracy!
"Every decent man is ashamed of the government he lives under." H.L.Mencken
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For those who like (or love to hate) PJ Rourke's prose.
In the WSJ, a week ago.
http://online.wsj.com/article/SB1000142 ... 15892.html
Image from WSJ.
WW
In the WSJ, a week ago.
http://online.wsj.com/article/SB1000142 ... 15892.html
The End of the Affair
The fate of Detroit isn’t a matter of economics. It’s a tragic romance, whose magic was killed by bureaucrats, bad taste and busybodies. P.J. O’Rourke on why Americans fell out of love with the automobile.
....
Image from WSJ.
WW
- Shakespeare
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- Bylo Selhi
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When fuel costs as much in the US as it does in the EU then let's talkadrian2 wrote:I kind of doubt small cars would be a big seller in North America.
In any case, Honda Civic has been the top selling car in Canada for a couple of decades now. Other small cars like Toyota Yaris, Mazda3, Ford Focus, et al are also in the top-10. And IIRC Honda Civic also topped the charts in the US last year when fuel prices did skyrocket.
Emphasis on older. Emphasis on country of manufacture. In those days Ford sold the infamous Pinto firebomb too yet now the Focus is well-regarded and sells well.Two brand names come to mind: Yugo and Lada, both older Fiat models manufactured under license
Anyway, that was then, this is now. But you may be right that a Chrysler/Fiat collaboration may not result in success, at least judging by Fiat's position in the top-10 in Europe.
Sedulously eschew obfuscatory hyperverbosity and prolixity.
Well if a Mercedes Benz partnership didn't work, why not try the opposite end?Bylo Selhi wrote:...Anyway, that was then, this is now. But you may be right that a Chrysler/Fiat collaboration may not result in success, at least judging by Fiat's position in the top-10 in Europe.
(I think the opposite end is good for a change once in a while.)
For the fun of it...Keith
It is so frickin' obvious. The US has a $10+ Trillion debt and climbing faster than a helium balloon. Legislate high CAFE and add $1/gal excise tax to mitigate deficits.Bylo Selhi wrote:When fuel costs as much in the US as it does in the EU then let's talkadrian2 wrote:I kind of doubt small cars would be a big seller in North America.
But wait... USians believe they have a constitutional right to cheap gasoline and legislators have a gas pump up their butts.
... and no tax increase, ever.AltaRed wrote: USians believe they have a constitutional right to cheap gasoline.
That's one of the reasons why I'm not too worried about that huge US deficit. If it ever does become really serious, the US can easily handle it, by increasing personal income taxes.
A few months ago, Forbes had six profiles of HENRYs -- hihg earners, not rich yet. One of the couples was making $400,000 a year and paying $100,000 a year in income tax. They were outraged, talking about lack of incentives, and so on. But if they were to pay, say, $150,000 a year, would they stop doing what they are doing? Not bloody likely.
That said, I still favour much smaller government and much lower taxes in normal times. But these are not normal times.
George
The juice is worth the squeeze
In today's paper I see a full page ad from Government Motors the re:invention company.
The copy includes this:
The new GM will be leaner ,greener,faster stronger...........Building more of what you want......"
From the 5 car line up featured it seems that the emphasis will be on the faster,stonger rather than the greener...
Here it is for 2010 ....
Chevrolet Camero.... a muscle car
Buick Allure...not very compact
Cadillac SRX Crossover....big
GMC Crossover SUV.....big
Chevrolet Cruse ...hard to tell what it is.
CEO Obama and VP McGuinty will be pleased that the new GM is underway
The copy includes this:
The new GM will be leaner ,greener,faster stronger...........Building more of what you want......"
From the 5 car line up featured it seems that the emphasis will be on the faster,stonger rather than the greener...
Here it is for 2010 ....
Chevrolet Camero.... a muscle car
Buick Allure...not very compact
Cadillac SRX Crossover....big
GMC Crossover SUV.....big
Chevrolet Cruse ...hard to tell what it is.
CEO Obama and VP McGuinty will be pleased that the new GM is underway
Live like you are dying but invest like you are immortal.
"Men do not quit playing because they grow old ; they grow old because they quit playing" Oliver Wendell Holmes
"Men do not quit playing because they grow old ; they grow old because they quit playing" Oliver Wendell Holmes
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Don't you hate it when people buy what they want not what the theory says they should buy.
At the NYT: http://www.nytimes.com/2009/07/10/busin ... l?_r=1&hpw
Go figure!
WW
At the NYT: http://www.nytimes.com/2009/07/10/busin ... l?_r=1&hpw
Hmmm I thought that the Ste. Thérèse plant in MTL was closed because there was no future ever ever for that big stoopid Camaro gas guzzler.A Muscle Car to the Rescue
DETROIT — Believe it or not, General Motors has a hit car on its hands.
Amid the gloom of bankruptcy and a miserable market for new vehicles, G.M.’s new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities.
G.M. sold 9,300 Camaros during the month of June — more than either its entire Buick or Cadillac divisions could muster on their own.
And with G.M. expected to emerge Friday from bankruptcy as a newly constituted company, it is hardly surprising that the Camaro will play a starring role in the company’s coming-out party and news conference at G.M.’s Detroit headquarters.
...
Go figure!
WW
Muscle cars aren't what they used to be. The Camaro with a 304 hp V-6 gets 29 mpg highway, 18 city. Even the highest power road scorching version boasting 0-60 in 4.7 sec. is rated at 16 and 25 mpg. (All US gallons.)
The 2010 SRX is shorter and wider than its three-rows of seats predecessor and is powered by highly-efficient V-6s only equipped with six-speed transmissions.
2010 Cadillac SRX
The Cruze is a global compact replacement for the generally unlamented Cobalt.
The 2010 SRX is shorter and wider than its three-rows of seats predecessor and is powered by highly-efficient V-6s only equipped with six-speed transmissions.
2010 Cadillac SRX
The Cruze is a global compact replacement for the generally unlamented Cobalt.
"Every decent man is ashamed of the government he lives under." H.L.Mencken
From the red Star:
After all, who wouldn't want to smell like a Cadillac?
George
Good to see that the new GM is a focused company, concentrating on its core business.Sputtering General Motors Co., just out of a quick drive through bankruptcy court, will soon be using its iconic Cadillac brand to sell a line of fragrance for men.
Beauty Contact Inc., a Dubai-based cosmetic company and holder of the fragrance licence, said yesterday it will launch the Cadillac line in stores this fall to mark the brand's 100th anniversary.
"Cadillac, the new fragrance for men is part of the recent Cadillac renaissance: Hot new products and redesigns that capture the mantra of life, liberty and the pursuit," said Alwyn Stephen, a Beauty Contact director.
"Our fragrance is a relevant extension of the Cadillac lifestyle."
After all, who wouldn't want to smell like a Cadillac?
George
The juice is worth the squeeze
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Less bad is the new good.
http://www.telegraph.co.uk/finance/news ... -debt.html
http://www.telegraph.co.uk/finance/news ... -debt.html
Excluding special items, including the debt reduction, Ford would have lost $424m, or 21 cents a share, far surpassing analysts' expectations. Analysts polled Thomson Reuters expected a per share loss of 50 cents on revenue of $24.7 billion.
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RE: Caddy smell:
I sure hope they won't charge $5Ks for it.
I sure hope they won't charge $5Ks for it.
WWLimited-edition Maybach Zeppelin set for Geneva motor show reveal
...
The run is limited to 100 units total. Base pricing for the Maybach 57 Zeppelin will come in around $523,000, while the Maybach 62 Zeppelin should sticker for roughly $609,000. The perfume atomizer, available only on the Zeppelin, is a $5,000 option.
Read more: http://www.autoweek.com/article/2009021 ... z0M5zRo4L4
When the Cash for Clunkers programme ended, Government Motors new car sales plunged. Who woulda thought?
The trouble with following Keynes is that, in the long run, we're not all dead. Just back where we started, but broker.
I'm sure the Blessed Barack and the Nobel Prize-winning economist Paul Krugman will come up with some new (old) stimulus ideas. Anyway, I'm not qualified to carp, but only stand in awe, cap in hand, as the Masters of the Universe command obedience from the "economy".
The trouble with following Keynes is that, in the long run, we're not all dead. Just back where we started, but broker.
I'm sure the Blessed Barack and the Nobel Prize-winning economist Paul Krugman will come up with some new (old) stimulus ideas. Anyway, I'm not qualified to carp, but only stand in awe, cap in hand, as the Masters of the Universe command obedience from the "economy".
"Every decent man is ashamed of the government he lives under." H.L.Mencken