GM

This tag is associated with 4 posts

Toyota-bashing vs. legitimate concern

Posted by PiedType ⋅ February 24, 2010 ⋅ 2 Comments

Akio Toyoda, president and CEO of Toyota Motor Corp., testifies on Capitol Hill today, defending and explaining his company’s actions or inactions regarding Toyota vehicles. I imagine it will be extremely difficult for him, considering the way things are usually done in Japan. Yes, I think his testimony here is important; public accountability is the … Continue reading »

Stick a fork in GM

Posted by PiedType ⋅ June 1, 2009 ⋅ 1 Comment

General Motors declared bankruptcy today. In the past I’d have said it was the end of an era, but I know now that bankruptcy is not necessarily The End. I haven’t followed the details of all the recent GM talk so maybe my questions have already been answered out there somewhere. I’m wondering why we … Continue reading »

Wagoner’s ouster changes nothing

Posted by PiedType ⋅ March 30, 2009 ⋅ 4 Comments

Well, well. So GM’s Chairman and CEO Rick Wagoner has been forced to resign as part of the Obama administration’s bailout plan. I’m not going to argue that he shouldn’t have been. Somebody needed to take the fall for GM’s downward spiral in recent years. And it’s certainly better for one man to lose a … Continue reading »

The bailout boondoggle, GM, and me me me

Posted by PiedType ⋅ November 17, 2008 ⋅ 1 Comment

The Great Bailout of 2008, ill-conceived and hastily enacted in early October, is continuing to implode. $700 billion, more money than most of us can imagine, is half gone, Treasury Secretary Hank Paulson has unilaterally changed the rules for its distribution, and the oversight committee has yet to be named. This, you’ll recall, is the … Continue reading »