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UAW: Job Bank “not gone yet but it’s almost gone”We’ve been harping on the UAW for not making concessions either at this week’s congressional testimony or subsequent press conferences. After all, how is congress supposed to take your endorsement of a $25b bailout seriously when you are part of the problem and yet refuse to give up a... |
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GM To Bow Out Of The Dow?CNN Money Editor-at-Large Paul R Monica reckons GM is so Dow, I mean down, on its luck that it should be delisted from the Dow Jones Industrial Average. By Monica’s math, GM has a market cap of less than $2 billion, and its stock price has been treading water near $3. “Normally, when ... |
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Arizona Speed Cameras Under AttackArizona’s ambitious statewide speed camera program faces increasing resistance both from the public and from state and local officials. At least half a dozen speed cameras have been temporarily taken out of service by ordinary citizens using nothing more Post-It Notes and silly string. A vi... |
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We Have Met The Enemy And He Is AlabamaThis week’s round of congressional testimony has forced our elected officials take sides on the auto industry, a topic that typically doesn’t often factor too heavily into national level grandstanding politicking. Detroit News Scribe Bryce G. Hoffman figures that the divisive issue of... |
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GM is a JokeWhen I’m not busy boning-up on Mustangology on Autoblog (c’mon guys it’s been TWO DAYS!) I sometimes trace-back links to TTAC material. Today’s forensic surfing uncovered this little gem on MarketWatch. It’s a financial results press release from a company called Cab... |
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Bailout Watch 232: There Will Be Bankruptcies. Or Not.Bloomberg reports that Obama’s transition team is exploring the possibility of prepackaged bankruptcies as a solution to the dire situation the Detroit Three find themselves in. According to an anonymous source, Obama’s team has already contacted at least one bankruptcy- law firm to s... |
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