Tag Archives: cars

GM To Sell On eBay!!!

On Monday, GM announced that they will offer cars from California Chevrolet, Buick, GMC and Pontiac dealers through Ebay auctions.

Palin Resigns As Governor of Alaska

Only one and a half years from the end of her term, Sarah Palin announced her resignation from the office of Governor of the State of Alaska earlier today. During a speech given just before she relinquished her post, Governor Palin covered a list of tasks she accomplished during her time in the Governor’s chair — which includedwinning legislative approval for a massive natural gas pipeline.

The Future Of GM: Government Motors

Well folks, the day has finally arrived: GM has declared a Chapter 11 bankruptcy. Before we elaborate on that matter, I’d like to clear up a little misinformation from the last post. The US Government doesn’t own 72.5% of GM — it owns 60% and the Canadian government owns 12%.

U.S. Treasury To Own GM?

So what about the union workers? They are currently voting on an agreement that would give them a stake in GM in return for concessions. The United Auto Workers would get one member on the board and a 17.5% stake in the reformed company. ONE MEMBER ON THE BOARD. It makes me wonder how many board members the US Treasury and the bondholders get.

GM: The Battle For Saturn

As summer inches ever-closer, General Motors’ Saturn line has been narrowed down to two (possibly, a ’secret’ third) potential buyers. This auction of sorts is due mostly in part by the threat of bankruptcy if GM does not shed half of their eight US brands by June 1st.

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