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Why G.M. Needs an Orderly Chapter 11Taxpayers shouldn’t fork over a cent to General Motors, Andrew Ross Sorkin argues is his latest DealBook column, noting that G.M is using money so quickly that a $10 billion infusion made today would disappear by February. Instead of giving the ailing automaker a loan to get them over this... |
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Heaven Forbid: A Corvette from Toyota?Filed under: Sports/GTs, Supercars, Chevrolet, GM, Toyota, Rendered SpeculationIt's usually fun to speculate on what the future might hold, but this is one case where we're not so enthused. First of all, nobody in their right mind really wants to see GM fold (at least they shouldn't), regardless ... |
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European GM and Ford suppliers lose credit insurersThe bad news just continues to pile on... AutoBlog (via the Financial Times), is reporting that the suppliers of European arms of both GM and Ford have lost their credit insurers. Euler Hermes, Atradius, and Coface will no longer write policies for suppliers trading with eithe... |
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Fujitsu development enables real-time wraparound vehicle viewFiled under: Transportation Fujitsu and automotive safety advancements go hand-in-hand, so it's no shock whatsoever to hear that the outfit is fixing to showcase a new technology that enables wraparound view of vehicles in real-time. The new video-processing technology "adapts to different d... |
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Ford may launch employee pricing as soon as next weekFiled under: Car Buying, Ford, Earnings/FinancialsEmployee pricing, that tricky sales tactic that helped GM post better sales figures than its competitors back in August and September, are about to work their magic for the Blue Oval. According to reports, Ford is planning to launch an employee prici ... |
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Opel asks for German public loan guaranteesBERLIN (AFP) - German carmaker Opel, a unit of troubled US giant General Motors, said on Friday it has asked Berlin and regional states for credit guarantees to ensure its financing. ... |
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