But there is GOOD News: The government's new road map for General Motors would briefly send it into bankruptcy, erase most of its debt and eventually have it emerge leaner and stronger - and almost three-quarters owned by the taxpayers...
Showing posts with label ford. Show all posts
Showing posts with label ford. Show all posts
Friday, May 29, 2009
BAD GM: shedding 21,000 more jobs, severing its relationship with 2,600 dealers
But there is GOOD News: The government's new road map for General Motors would briefly send it into bankruptcy, erase most of its debt and eventually have it emerge leaner and stronger - and almost three-quarters owned by the taxpayers...
Thursday, May 7, 2009
GM to Build More Cars Overseas
The U.S. government is pouring billions into General Motors in hopes of reviving the domestic economy, but when the automaker completes its restructuring plan, many of the company's new jobs will be filled by workers overseas.
www.washingtonpost.com
www.washingtonpost.com
Monday, February 2, 2009
Ford Losses Are Awful, Cash Burn Is Worse
Ford Motor lost $14.6 billion in 2008, its worst annual performance in 105 years, as the U.S. auto market collapsed in the fourth quarter. But the company is sticking to its plan to not ask for U.S. Treasury loans, counter to what rivals General Motors and Chrysler are doing to cope with historic losses....Read more Ford Losses Are Awful
Source: businessweek
Sunday, December 14, 2008
Monday, November 17, 2008
What the collapse of the domestic auto industry would mean to the United States.
What the collapse of the domestic auto industry would mean to the United States.
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