Good news….Ford made some money for the first time in a long while: http://money.cnn.com/2009/11/02/news/companies/ford_results/index.htm?postversion=2009110211 …..now, let’s see if they can continue to make progress against a US Government subsidized GM and Chrysler, and let’s pray that the unions don’t forget how close they came to BK six month ago.
………..but that’s NOT the case today! Please read some comments from Mike Jackson from AutoNation! http://dealersedge.com/ME2/dirmod.asp?sid=&nm=&type=news&mod=News&mid=9A02E3B96F2A415ABC72CB5F516B4C10&tier=3&nid=9B8CF0E85A7845D8A7C60CB93A92492F
I have friends that have lost their dealships to defacto “nationalization” of the auto industry in the US. They’ll collectively lose millions of dollars in this “transition” of the industry. Yet, Washington continues to dither about the issue. Below is an article that describes some of the two-faced approaches our elected officials take on this […]
……..can stand in the way of what the US Government wants for the auto industry…. I’ll be darned: http://money.cnn.com/2009/06/10/news/companies/chrysler_fiat/index.htm ………..the Fiat/Chrysler deal is done. Do you think Bob Nardelli can get out of town fast enough?
This is very well put, and succinctly defines (from one view point…) how an absence of energy policies indirectly (and last summer, directly…) helped put the domestic manufacturers’ between a rock and a hard place. http://dealersedge.com/ME2/dirmod.asp?sid=&nm=&type=news&mod=News&mid=9A02E3B96F2A415ABC72CB5F516B4C10&tier=3&nid=A456A006250B4327BF3A7B458211EB0B
….and now it looks like reality is now upon us. Fabled companies like Chrysler and GM look like they’ll be lining up in bankruptcy court fairly soon. What was unthinkable even 18 months ago looks inevitable now. Reminds me of an old Doobie Brothers phrase, “What once were vices are now habits”. Read on: http://money.cnn.com/2009/04/23/news/companies/chrysler_deadline/index.htm?postversion=2009042406
….but, welcome to the world of manufacturing automobiles in North America. Read about the Ford Motor Company’s financial results. http://money.cnn.com/2009/04/24/news/companies/ford_results/index.htm?postversion=2009042408
The US Government has done a wonderful job, long term, with Social Security, entitlement programs, the banking industry, the home lending industry, agricultural safety programs (thrown out your peanut butter recently?), fuel savings programs (remember the 55 MPH speed limit? It’ll be back soon, along with traffic cameras to capture you more efficiently…), AMTRAK (don’t […]
Do you think $15,000.00 or so for a used car is “cheap”? Read on about the Tata Nano, now on sale in India… http://www.time.com/time/world/article/0,8599,1887070,00.html Interesting thing about the Tata Company….they are involved in many businesses, from tea to TV. They also own Jaguar (which has its own set of problems…), and when the CEO of […]
I live in the Detroit area, and I’ve been hearing about the Chevy Volt for a couple of years. Never seen one yet, though. I’ve also been hearing and reading about the new Chevy Camaro for getting on four years now, and they are just now showing up in dealers around town….it takes four years […]
