Entries from Pat Cleary.com tagged with 'GM'

When the Government Runs a Business, Part II

WSJ: Chevrolet to Price Volt From $41,000 Way to price price it - wasn't it supposed to be affordable? The only people who can afford it today won't be able to afford it once the tax increases kick in. Brilliant...

The UAW, Fiddling While GM Burns

Just can't stop staring at this, from the Washington Post story on the GM bailout this morning: "The union's cost-of-living increases, along with some holiday pay, were suspended. Yet UAW President Ronald A. Gettelfinger stressed that there would be no...

This (Still) Doesn't Seem Fair....

Further to our post of May 14, kudos to the WaPo, who is like a terrier with a bone on the issue of the blatant inequity in the government takeover of Chrysler and GM. They've now editorialized on it twice...

BREAKING NEWS: GM To Be Put On eBay

In a stunning new development, White House sources say the President's Auto Task Force is finalizing a recommendation that General Motors be put in its entirety on eBay, the popular internet auction site. The plan will be presented to President...

From the President, A Foreign Concept

In announcing his plan for GM and Chrysler on Monday, President Obama -- talking about the auto industry -- said, “Year after year, decade after decade, we’ve seen problems papered over and tough choices kicked down the road, even as...

For the UAW, Obama Spares the Rod

Here's this from the New York Times story today: "Although some observers of the auto industry have attributed Detroit’s troubles in part to generous wages and health benefits for assembly line workers, the president made no mention of those factors....

Does This Look Like Sacrifice to You?

The headline in this UPI piece - heralded over on the WSJ site, too -- says, "Obama: Sacrifice needed for auto industry." It is by now old news that part of that sacrifice means GM CEO Rick Wagoner is resigning....

Rick Wagoner to Resign?

If it's true that Obama insisted on the GM CEO Rick Wagoner's head on a platter as a quid for the quo of continued government largess, one would have to assume that the same will apply to UAW chief Ron...

'Automaker Aid Hinges on Restructuring'

That's the headline on this Wall Street Journal story. In fact, the only hope GM has for flying out of this current mess is to declare Chapter 11. It allows them to reorganize and most importantly;y will allow them to...

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