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Former President Bush asks Obama to exit the car business

When Former President George W. Bush spoke to the Montreal Board of Trade recently, he made a public appeal to the Obama administration to "get out of the private sector," adding "I hope our government gets out of the autos and the financials in which they have a stake." His premise is that it takes private companies to turn an economy around, not government-run ones. As we have found out during America's recent economic troubles, a lot of people find it easy to say a lot of things when they're not on the hook. And the former ... Read more →

Paging Captain Obvious: Liquidation Motors reportedly tanks in trading Dan Roth

The short version: old General Motors is worthless, new General Motors is... well, less worthless. The Securities and Exchange Commission has already warned us that Motors Liquidation Company, the ...

Far right wing reportedly ready to boycott a newly federalized GM Sam Abuelsamid

The far right wing of the American political spectrum has begun channeling its displeasure over the federal government's involvement in the restructuring of General Motors into calls for a boycott of ...

Top 7 Good Cars From "Bad GM" Jeremy Korzeniewski

General Motors makes more than a few world-class automobiles. As true as that statement may be, that alone wasn't enough to stall the automaker's steady decline – fueled as it may have been ...

GM warns UAW and Treasury deals won't be done in time Jeremy Korzeniewski

Not that it should come as a major shock to anyone paying attention over the last few weeks, but in a regulatory filing submitted by General Motors on Tuesday, the beleaguered automaker has admitted ...

GM, Task Force preparing for "surgical" bankruptcy 7 months ago on Autoblog

According to a lengthy report by the New York Times, the Treasury Department is directing General Motors to begin work on a bankruptcy filing by June 1. Based on sources close to the talks who were unable to officially discuss the process, the report outlines the "fast 'surgical' bankruptcy" of the ...

GM and Chrysler say bankruptcy not in the cards 1 year ago on Autoblog

Despite recent rumblings to the contrary, both General Motors and Chrysler claim that they will not be going bankrupt any time soon. Still, as much as the two American automakers would love to quell fears of unsustainable liquidity, questions remain, especially as the pickup market in the United ...






Autoblog Podcast #154: Gobbling up the News

Chris, Sam, and Dan kick out a podcast just in time for the long holiday drive.

 
 

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