Published by Mr. Contrarian
There are past successes at GM. The relative success of GM’s Europe and Asian subsidiaries shows that. One such article from three years ago shows that GM, given the correct direction, can indeed make small efficient vehicles that people want to buy.
http://www.iht.com/articles/2005/08/08/business/van.php
Unfortunately, it chose to continue researching, developing, producing, and selling behemoth guzzlers that no […]
. Nov 23, 2008
Filed under: Automotive, Changing business models, bankruptcy, Big Three, Chrysler, domestic three, Ford, General Motors, GM
Published by Mr. Contrarian
http://www.thetruthaboutcars.com/gm-is-a-joke/
Fantastic. Even small companies are taking potshots at GM’s profitability. Avon’s market capitalization is greater than GM’s now. Even Amway, if it were a public company, given corporate profits of $1B and a 8x P:E ratio, would also be worth more than GM.
GM is on the ropes, and it’s rapidly falling market value as a […]
. Nov 21, 2008
Filed under: Automotive, Changing business models, bailout, bankruptcy, Chrysler, Ford, GM, restructure, the Big Three
Published by Mr. Contrarian
GM has now become a near-penny stock. GM’s business model is broken, and it could be argued that the unions were overly successful in sucking all the blood out of its employer, GM. The secret to every good parasite is that you’re not supposed to kill your very kind host!!! Not much point being Tommy […]
. Nov 21, 2008
Filed under: Automotive, Changing business models, bailout, bankruptcy, Big Three and China, bloodsuckers, bridge loan, Chery, Chevy, china, China buying Big Three, China buying Ford, China buying GM, China buying Jeep, Chrysler, Ford, GM, inflation, Jeep, loan, monetary inflation, parasites, SAIC, Saudi Arabia, UAW, union, unions
Published by Mr. Contrarian
The internet is amazing. Look at what we found online today! An article from the December 12, 2005 issue of BusinessWeek magazine. It discusses the at-the-time unbelievable scenario of a Chapter 11 filing from GM (GM). Well, here we are in late 2008 and that day has come. The article is timely for a re-run.
http://www.businessweek.com/magazine/content/05_50/b3963114.htm
. Nov 20, 2008
Filed under: Automotive, bailout, bankruptcy, Chrysler, Ford, GM, GMAC, loan, loan guarantee, subsidy, the Big Three
Published by Mr. Contrarian
http://edition.cnn.com/2008/BUSINESS/11/18/mazda.ford.sale/index.html?eref=edition_business
So Ford has sold off its ownership of Jaguar earlier this year, after owning it since 1987. What a money pit–think of all the tens of Billions of dollars lost on that venture, the past two decades. Ford’s investments in Mazda and Volvo have been more successful, but with its cash reserves quickly dwindling, Ford […]
. Nov 18, 2008
Filed under: Automotive, bankruptcy, Chrysler, Ford, GM, GMAC, Jaguar, Mazda, the Big Three, Volvo
Published by Mr. Contrarian
Hot off the presses. Taxpayers’ money being thrown after mis-managed, unsound businesses being run by idiot management. ie, GM, Ford, and Chrysler. Now? The latest is a stalement in the US Congress:
http://www.google.com/hostednews/ap/article/
ALeqM5gfg3wahhWYeWNcAwtQuN9xWH0Z9QD94GU19G1
Making cars is a cut-throat business. Profit margins are slim, and product lead-up times run into the years, so strategic decision-making is a necessity. […]
. Nov 17, 2008
Filed under: Automotive, bailout, bankruptcy, Big Three, Chrysler, Ford, GM, GMAC, restructuring
Published by Mr. Contrarian
By the way, Mr. IBOFB:
Further to my above comment that size is irrelevant, and my previous comment that the key metrics to look at are: market share gains, profitability, and cash-flow.
Do keep in mind that for the calendar year-ending Dec31/2007, GM was still (by a narrow margin) the largest automaker in the WORLD!!! Most units […]
. Nov 17, 2008
Filed under: Amway, Automotive, Alticor, Amway, Artistry, Avon, bankruptcy, Chrysler, Ford, GM, IBO, IBOFB, market share, MLM, Nutrilite, pyramid, Quixtar, scam