SubscribeAll Posts Tagged With: "Government Motors"
Five Reasons to Cheer for “Government Motors”
Critics have wailed about the years of mismanagement, which has created the company’s present plight. And they’ve howled about a government bailout, which they see as nothing but good money following bad.
But when the company these critics sarcastically refer to as “Government Motors” – General Motors Corp. (OTC: GMGMQ) – emerges from bankruptcy as expected early next year, it could be leaner, meaner and perfectly positioned for the smaller, highly competitive and truly global auto-making market that has been one of the major outgrowths of the worst financial crisis since the Great Depression.
General Motors “is going to light it…
11Jun2009 | Money Morning | 0 comments | ContinuedU.S. Automakers Confront Unforgiving, Permanently Smaller Market
General Motors Corp. (NYSE: GM) is closing in quickly on its June 1 deadline to finish overhauling its operations, or opt for Chapter 11 bankruptcy. Because that deadline is actually one week from yesterday (Monday), analysts and investors will be watching GM closely this week.
No matter which path GM chooses – conventional restructuring or bankruptcy – the U.S. Big Three of GM, Ford Motor Co. (NYSE: F) and Chrysler LLC will have to adjust to the U.S. auto market’s post-financial-crisis “new reality.” Automakers will sell only 10 million cars and trucks in the U.S. market this year, the worst in at least 30 decades –…
26May2009 | Money Morning | 0 comments | Continued
Loading ...
