Relevant and even prescient commentary on news, politics and the economy.

OEMs Pulling Back from EVs?

I rewrote portions of this article and added information from my own experiences in Automotive when new technology is introduced. My experience is not as great when compared to the introduction of EVs. However, it does come close enough to understand what is going on with the industry. Anyways, onwards. As taken from: GM Says […]

Goldman Does Something Good

The lower the fee, the more money raised by the IPO that actually goes to pay back the taxpayer. Doesn’t change that Michael Moore’s analysis of GM is likely much more true than not (especially the likely reasons for the abrupt sidelining of Ed Whitacre), but every little bit helps. In related news, it’s Economists […]

Bananas republic?

rdan NYT shouts out about Wagoner and GM. Chrysler must merge with Fiat? Wagoner needed to go in my opinion, but so do some of the bankers. When is that to happen? Perhaps Simon Johnson is more correct in his estimation of a captured financial/government combination than is discussed in detail to date. Here is […]

GMAC Flashback

The whining has started, with most people (e.g., Chris Whalen at The Big Picture) making the obvious mistake of confusing GMAC with General Motors. In the interest of history, I quote myself from the Dark Ages (March 2007) at Tom’s Place: The next time GM explains that its pensioners need to take a hit, it […]

Was GM et al asking for Central Planning (as in communism)?

by: Divorced one like Bush Ok, the auto CEO’s are all lined up. They get asked the populist setup question: Are you going to sell your jets? And they just sat there, as dumb looking as could be. They didn’t say a word. Not a word! To me, that proved they were the wrong people […]