The Truth About Cars » Bailout http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Tue, 03 May 2016 20:00:57 +0000 en-US hourly 1 http://wordpress.org/?v=4.2.4 Was The Government’s Divestment of GM Stock Insider Trading? http://www.thetruthaboutcars.com/2014/05/was-the-governments-divestment-of-gm-stock-insider-trading/ http://www.thetruthaboutcars.com/2014/05/was-the-governments-divestment-of-gm-stock-insider-trading/#comments Fri, 23 May 2014 14:43:01 +0000 http://www.thetruthaboutcars.com/?p=829450 Back in 2004, perfectionist homemaker and well known TV personality Martha Stewart was charged with insider trading. As presented, the facts in the case were simple. Martha owned stock in a medical research company called ImClone and, like a lot of people who invest in tech firms, she was hoping for a big payout when […]

The post Was The Government’s Divestment of GM Stock Insider Trading? appeared first on The Truth About Cars.

]]>
Back in 2004, perfectionist homemaker and well known TV personality Martha Stewart was charged with insider trading. As presented, the facts in the case were simple. Martha owned stock in a medical research company called ImClone and, like a lot of people who invest in tech firms, she was hoping for a big payout when […]

The post Was The Government’s Divestment of GM Stock Insider Trading? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2014/05/was-the-governments-divestment-of-gm-stock-insider-trading/feed/ 85
Government Reports $9.7 Billion Loss On GM Shares http://www.thetruthaboutcars.com/2013/10/government-reports-9-7-billion-loss-on-gm-shares/ http://www.thetruthaboutcars.com/2013/10/government-reports-9-7-billion-loss-on-gm-shares/#comments Tue, 29 Oct 2013 17:04:30 +0000 http://www.thetruthaboutcars.com/?p=637081 With the vast majority of the government’s General Motors shares sold, the U.S. government is reporting a $9.7 billion loss, according to a Congressional report cited by the Detroit News. With the government’s stake now down to about 7 percent, the report states that “Because the common stock sales have all taken place below Treasury’s […]

The post Government Reports $9.7 Billion Loss On GM Shares appeared first on The Truth About Cars.

]]>
With the vast majority of the government’s General Motors shares sold, the U.S. government is reporting a $9.7 billion loss, according to a Congressional report cited by the Detroit News. With the government’s stake now down to about 7 percent, the report states that “Because the common stock sales have all taken place below Treasury’s […]

The post Government Reports $9.7 Billion Loss On GM Shares appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2013/10/government-reports-9-7-billion-loss-on-gm-shares/feed/ 123
The Juggling Show: GM Calls Its European Dealers Worthless, Receives A $35 Billion “Stealth Bailout” http://www.thetruthaboutcars.com/2013/02/the-juggling-show-gm-calls-its-european-dealers-worthless-receives-a-35-billion-stealth-bailout/ http://www.thetruthaboutcars.com/2013/02/the-juggling-show-gm-calls-its-european-dealers-worthless-receives-a-35-billion-stealth-bailout/#comments Mon, 18 Feb 2013 13:52:58 +0000 http://www.thetruthaboutcars.com/?p=478023 GM’s European dealers had their run-ins with the company lately, but wait until their read GM’s annual report to the Security and Exchange Commission. In its 2012 10K, GM writes about its European dealer network: “To determine the estimated fair value of the dealer network, we used the cost approach with adjustments in value for […]

The post The Juggling Show: GM Calls Its European Dealers Worthless, Receives A $35 Billion “Stealth Bailout” appeared first on The Truth About Cars.

]]>
GM’s European dealers had their run-ins with the company lately, but wait until their read GM’s annual report to the Security and Exchange Commission. In its 2012 10K, GM writes about its European dealer network: “To determine the estimated fair value of the dealer network, we used the cost approach with adjustments in value for […]

The post The Juggling Show: GM Calls Its European Dealers Worthless, Receives A $35 Billion “Stealth Bailout” appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2013/02/the-juggling-show-gm-calls-its-european-dealers-worthless-receives-a-35-billion-stealth-bailout/feed/ 54
How GM Avoided A $30 Billion Loss: With A Little Juggling http://www.thetruthaboutcars.com/2013/02/how-gm-avoided-a-30-billion-loss-with-a-little-juggling/ http://www.thetruthaboutcars.com/2013/02/how-gm-avoided-a-30-billion-loss-with-a-little-juggling/#comments Fri, 15 Feb 2013 18:06:09 +0000 http://www.thetruthaboutcars.com/?p=477746 So you think GM had a big profit last year? There are other people who say that GM should have reported a $30 billion loss. At least as long as GAAP (Generally Accepted Accounting Principles) are applied. How did that happen? It’s a puzzle palace of assets out of thin air, of non-paid taxes on […]

The post How GM Avoided A $30 Billion Loss: With A Little Juggling appeared first on The Truth About Cars.

]]>
So you think GM had a big profit last year? There are other people who say that GM should have reported a $30 billion loss. At least as long as GAAP (Generally Accepted Accounting Principles) are applied. How did that happen? It’s a puzzle palace of assets out of thin air, of non-paid taxes on […]

The post How GM Avoided A $30 Billion Loss: With A Little Juggling appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2013/02/how-gm-avoided-a-30-billion-loss-with-a-little-juggling/feed/ 54
The Truth About Post-Bailout Pay Restrictions: They Are A Lie http://www.thetruthaboutcars.com/2013/01/the-truth-about-post-bailout-pay-restrictions-they-are-a-lie/ http://www.thetruthaboutcars.com/2013/01/the-truth-about-post-bailout-pay-restrictions-they-are-a-lie/#comments Tue, 29 Jan 2013 11:30:07 +0000 http://www.thetruthaboutcars.com/?p=475699 Up until the mid-1800s, debtor’s prison did await those who could not pay their debts. To this day, more than a third of U.S. states allow debtors to be jailed for non-payment. If you run a company called GM, Ally, or AIG, not only do you keep your freedom, you will be bailed out by […]

The post The Truth About Post-Bailout Pay Restrictions: They Are A Lie appeared first on The Truth About Cars.

]]>
Up until the mid-1800s, debtor’s prison did await those who could not pay their debts. To this day, more than a third of U.S. states allow debtors to be jailed for non-payment. If you run a company called GM, Ally, or AIG, not only do you keep your freedom, you will be bailed out by […]

The post The Truth About Post-Bailout Pay Restrictions: They Are A Lie appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2013/01/the-truth-about-post-bailout-pay-restrictions-they-are-a-lie/feed/ 41
Le Bailout: Ford Is Against It http://www.thetruthaboutcars.com/2012/10/le-bailout-ford-is-against-it/ http://www.thetruthaboutcars.com/2012/10/le-bailout-ford-is-against-it/#comments Thu, 25 Oct 2012 15:56:51 +0000 http://www.thetruthaboutcars.com/?p=464978   Stephen Odell, CEO of Ford Europe, thinks that state aid of ailing carmakers is a dead-end street. Odell told Reuters: “I don’t think it’s sustainable for support from governments to keep competitive companies going forward, particularly in a protracted downsized economy.” Odell also said that some automakers question the legality of Peugeot government bailout. […]

The post Le Bailout: Ford Is Against It appeared first on The Truth About Cars.

]]>
  Stephen Odell, CEO of Ford Europe, thinks that state aid of ailing carmakers is a dead-end street. Odell told Reuters: “I don’t think it’s sustainable for support from governments to keep competitive companies going forward, particularly in a protracted downsized economy.” Odell also said that some automakers question the legality of Peugeot government bailout. […]

The post Le Bailout: Ford Is Against It appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2012/10/le-bailout-ford-is-against-it/feed/ 11
Le Bailout Watch: Peugeot Saved By French Government http://www.thetruthaboutcars.com/2012/10/le-bailout-watch-peugeot-saved-by-french-government/ http://www.thetruthaboutcars.com/2012/10/le-bailout-watch-peugeot-saved-by-french-government/#comments Wed, 24 Oct 2012 11:52:04 +0000 http://www.thetruthaboutcars.com/?p=464806 Europe’s second-largest automaker and GM alliance partner PSA Peugeot-Citroen is being saved from the brink for the time being. PSA is putting the final touches on an agreement with creditor banks on 11.5 billion euros ($14.9 billion) of refinancing, in addition to 7 billion euro  ($9 billion) in government  guarantees for its captive financing arm […]

The post Le Bailout Watch: Peugeot Saved By French Government appeared first on The Truth About Cars.

]]>
Europe’s second-largest automaker and GM alliance partner PSA Peugeot-Citroen is being saved from the brink for the time being. PSA is putting the final touches on an agreement with creditor banks on 11.5 billion euros ($14.9 billion) of refinancing, in addition to 7 billion euro  ($9 billion) in government  guarantees for its captive financing arm […]

The post Le Bailout Watch: Peugeot Saved By French Government appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2012/10/le-bailout-watch-peugeot-saved-by-french-government/feed/ 11
Le Bailout Watch: France To Save Peugeot, Germans Say Verboten http://www.thetruthaboutcars.com/2012/10/le-bailout-watch-france-to-save-peugeot-germans-say-verboten/ http://www.thetruthaboutcars.com/2012/10/le-bailout-watch-france-to-save-peugeot-germans-say-verboten/#comments Tue, 23 Oct 2012 18:26:06 +0000 http://www.thetruthaboutcars.com/?p=464715 The French government will provide multi-billion euro guarantees to GM’s alliance-partner PSA Peugeot-Citroen via PSA’s banking arm, Reuters says. Don’t bet on it happening: There is already opposition from Germany, and wait until Brussels officially hears of the deal. As explained in the morning, PSA is facing a serious cash dilemma. The French government is […]

The post Le Bailout Watch: France To Save Peugeot, Germans Say Verboten appeared first on The Truth About Cars.

]]>
The French government will provide multi-billion euro guarantees to GM’s alliance-partner PSA Peugeot-Citroen via PSA’s banking arm, Reuters says. Don’t bet on it happening: There is already opposition from Germany, and wait until Brussels officially hears of the deal. As explained in the morning, PSA is facing a serious cash dilemma. The French government is […]

The post Le Bailout Watch: France To Save Peugeot, Germans Say Verboten appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2012/10/le-bailout-watch-france-to-save-peugeot-germans-say-verboten/feed/ 14
How The GM Bailout Turned Into Foreign Aid http://www.thetruthaboutcars.com/2012/10/how-the-gm-bailout-turned-into-foreign-aid/ http://www.thetruthaboutcars.com/2012/10/how-the-gm-bailout-turned-into-foreign-aid/#comments Sat, 13 Oct 2012 10:20:49 +0000 http://www.thetruthaboutcars.com/?p=463624 Longtime reader and new contributor Tyler Vandermeulen is a financial analyst by day. He took a deep dive into the EDGAR database to unearth how much of GM’s money flows abroad. Please welcome Tyler with the respect he deserves. Rude comments will not be tolerated. Before the bailout of General Motors, it was well understood […]

The post How The GM Bailout Turned Into Foreign Aid appeared first on The Truth About Cars.

]]>
Longtime reader and new contributor Tyler Vandermeulen is a financial analyst by day. He took a deep dive into the EDGAR database to unearth how much of GM’s money flows abroad. Please welcome Tyler with the respect he deserves. Rude comments will not be tolerated. Before the bailout of General Motors, it was well understood […]

The post How The GM Bailout Turned Into Foreign Aid appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2012/10/how-the-gm-bailout-turned-into-foreign-aid/feed/ 77
Rattner Defends Bailout With Old Talking Points http://www.thetruthaboutcars.com/2012/10/rattner-defends-bailout-with-old-talking-points/ http://www.thetruthaboutcars.com/2012/10/rattner-defends-bailout-with-old-talking-points/#comments Tue, 09 Oct 2012 16:15:12 +0000 http://www.thetruthaboutcars.com/?p=463232 Ford did not receive a government bailout. Not directly. It would have gone down the tubes along GM and Chrysler, if they would have been allowed to die, Steve Rattner, the head of the auto task force, told Bloomberg. Said Rattner: “Ford would have closed because it wouldn’t have been able to get parts, because […]

The post Rattner Defends Bailout With Old Talking Points appeared first on The Truth About Cars.

]]>
Ford did not receive a government bailout. Not directly. It would have gone down the tubes along GM and Chrysler, if they would have been allowed to die, Steve Rattner, the head of the auto task force, told Bloomberg. Said Rattner: “Ford would have closed because it wouldn’t have been able to get parts, because […]

The post Rattner Defends Bailout With Old Talking Points appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2012/10/rattner-defends-bailout-with-old-talking-points/feed/ 64
Blind Spot: Digging Deeper Into GM’s Fuel Economy Record http://www.thetruthaboutcars.com/2012/04/blind-spot-digging-deeper-into-gms-fuel-economy-record/ http://www.thetruthaboutcars.com/2012/04/blind-spot-digging-deeper-into-gms-fuel-economy-record/#comments Thu, 19 Apr 2012 16:43:46 +0000 http://www.thetruthaboutcars.com/?p=440871 Old habits die hard. Whether it’s GM’s desire to slice-and-dice its fuel economy achievements to make them look better than they are, or our instinct to correct the record, it’s all just a little bit of history repeating. GM, like most of the Detroit automakers, has never had an easy time marketing its fuel economy achievements. With […]

The post Blind Spot: Digging Deeper Into GM’s Fuel Economy Record appeared first on The Truth About Cars.

]]>
Old habits die hard. Whether it’s GM’s desire to slice-and-dice its fuel economy achievements to make them look better than they are, or our instinct to correct the record, it’s all just a little bit of history repeating. GM, like most of the Detroit automakers, has never had an easy time marketing its fuel economy achievements. With […]

The post Blind Spot: Digging Deeper Into GM’s Fuel Economy Record appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2012/04/blind-spot-digging-deeper-into-gms-fuel-economy-record/feed/ 48
Should The Treasury Dump Its GM Stock? http://www.thetruthaboutcars.com/2011/10/should-the-treasury-dump-its-gm-stock/ http://www.thetruthaboutcars.com/2011/10/should-the-treasury-dump-its-gm-stock/#comments Mon, 03 Oct 2011 20:08:11 +0000 http://www.thetruthaboutcars.com/?p=413372 Today’s Rasmussen poll results, which show that Americans are arguably less likely to buy from a bailed-out automaker, raise some interesting questions. Like, does receiving a bailout constitute an inviolable black mark on an automaker? Do the size of the bailout, and the amount the government recovers make a difference? With a presidential election looming, […]

The post Should The Treasury Dump Its GM Stock? appeared first on The Truth About Cars.

]]>
Today’s Rasmussen poll results, which show that Americans are arguably less likely to buy from a bailed-out automaker, raise some interesting questions. Like, does receiving a bailout constitute an inviolable black mark on an automaker? Do the size of the bailout, and the amount the government recovers make a difference? With a presidential election looming, […]

The post Should The Treasury Dump Its GM Stock? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/10/should-the-treasury-dump-its-gm-stock/feed/ 39
“Volt Scam” Debate Misses The Point http://www.thetruthaboutcars.com/2011/06/volt-scam-debate-misses-the-point/ http://www.thetruthaboutcars.com/2011/06/volt-scam-debate-misses-the-point/#comments Wed, 01 Jun 2011 15:38:00 +0000 http://www.thetruthaboutcars.com/?p=397038 Mark Modica, a former Saturn dealer GM bondholder, has leveraged his financial loss at the hands of the government bailout into a blogging position at the National Legal and Policy Center, a conservative nonprofit that “promotes ethics in public life through research, investigation, education and legal action.” At the NLPC, Modica focuses on what he […]

The post “Volt Scam” Debate Misses The Point appeared first on The Truth About Cars.

]]>
Mark Modica, a former Saturn dealer GM bondholder, has leveraged his financial loss at the hands of the government bailout into a blogging position at the National Legal and Policy Center, a conservative nonprofit that “promotes ethics in public life through research, investigation, education and legal action.” At the NLPC, Modica focuses on what he […]

The post “Volt Scam” Debate Misses The Point appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/06/volt-scam-debate-misses-the-point/feed/ 34
Remember Our Fallen Heroes: Was The Bailout Worth It? http://www.thetruthaboutcars.com/2011/05/remember-our-fallen-heroes-was-the-bailout-worth-it/ http://www.thetruthaboutcars.com/2011/05/remember-our-fallen-heroes-was-the-bailout-worth-it/#comments Sun, 29 May 2011 11:08:53 +0000 http://www.thetruthaboutcars.com/?p=396529 This is the Memorial Day weekend, when we commemorate our fallen heroes and raise our cancer risk by burning chopped beef. Listening to the media, it looks and sounds like the fallen heroes of the year are not the ones who gave and give their lives in ceaseless wars, but the auto industry. It didn’t […]

The post Remember Our Fallen Heroes: Was The Bailout Worth It? appeared first on The Truth About Cars.

]]>
This is the Memorial Day weekend, when we commemorate our fallen heroes and raise our cancer risk by burning chopped beef. Listening to the media, it looks and sounds like the fallen heroes of the year are not the ones who gave and give their lives in ceaseless wars, but the auto industry. It didn’t […]

The post Remember Our Fallen Heroes: Was The Bailout Worth It? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/05/remember-our-fallen-heroes-was-the-bailout-worth-it/feed/ 82
“Government Motors”: The Exit Strategy http://www.thetruthaboutcars.com/2011/04/government-motors-the-exit-strategy/ http://www.thetruthaboutcars.com/2011/04/government-motors-the-exit-strategy/#comments Tue, 19 Apr 2011 22:21:09 +0000 http://www.thetruthaboutcars.com/?p=391993 With GM’s share price slipping below $30, the cries are going up again around the internet about the government’s stake in the bailed-out automaker. Thus far the Treasury has remained mum on its exit strategy, only indicating that it would emphasize speed rather than maximum return as it charted the course for its sell-off. But […]

The post “Government Motors”: The Exit Strategy appeared first on The Truth About Cars.

]]>
With GM’s share price slipping below $30, the cries are going up again around the internet about the government’s stake in the bailed-out automaker. Thus far the Treasury has remained mum on its exit strategy, only indicating that it would emphasize speed rather than maximum return as it charted the course for its sell-off. But […]

The post “Government Motors”: The Exit Strategy appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/04/government-motors-the-exit-strategy/feed/ 78
Treasury Lowers The Bar, Fiat Snags Another 5% Of Chrysler http://www.thetruthaboutcars.com/2011/04/treasury-lowers-the-bar-fiat-snags-another-5-of-chrysler/ http://www.thetruthaboutcars.com/2011/04/treasury-lowers-the-bar-fiat-snags-another-5-of-chrysler/#comments Tue, 12 Apr 2011 15:22:34 +0000 http://www.thetruthaboutcars.com/?p=390995 Exactly a week ago, Fiat said it would up its stake in Chrysler “within weeks,” and according to the Detroit News, the deed is now done. Having earned 5% of Chrysler’s equity by building a FIRE-family engine in the US (for use in the Mexico-built Fiat 500), Chrysler had to confirm that it has brought […]

The post Treasury Lowers The Bar, Fiat Snags Another 5% Of Chrysler appeared first on The Truth About Cars.

]]>
Exactly a week ago, Fiat said it would up its stake in Chrysler “within weeks,” and according to the Detroit News, the deed is now done. Having earned 5% of Chrysler’s equity by building a FIRE-family engine in the US (for use in the Mexico-built Fiat 500), Chrysler had to confirm that it has brought […]

The post Treasury Lowers The Bar, Fiat Snags Another 5% Of Chrysler appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/04/treasury-lowers-the-bar-fiat-snags-another-5-of-chrysler/feed/ 12
Fiat’s 40 MPG Fiction http://www.thetruthaboutcars.com/2011/01/fiats-40-mpg-fiction/ http://www.thetruthaboutcars.com/2011/01/fiats-40-mpg-fiction/#comments Fri, 14 Jan 2011 22:53:45 +0000 http://www.thetruthaboutcars.com/?p=380506 Yesterday’s release of the Congressional Oversight Panel report on the auto bailout pointed out several fundamental problems with the government’s intervention in the auto industry, all of which stem from what the report termed the “mutually exclusive” goals of the Treasury in overseeing its investment in the industry. But that report focused entirely on the […]

The post Fiat’s 40 MPG Fiction appeared first on The Truth About Cars.

]]>
Yesterday’s release of the Congressional Oversight Panel report on the auto bailout pointed out several fundamental problems with the government’s intervention in the auto industry, all of which stem from what the report termed the “mutually exclusive” goals of the Treasury in overseeing its investment in the industry. But that report focused entirely on the […]

The post Fiat’s 40 MPG Fiction appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/01/fiats-40-mpg-fiction/feed/ 78
TARP Oversight Report: Bailout Goals Conflict, Moral Hazard Alive And Well http://www.thetruthaboutcars.com/2011/01/tarp-oversight-report-bailout-goals-conflict-moral-hazard-alive-and-well/ http://www.thetruthaboutcars.com/2011/01/tarp-oversight-report-bailout-goals-conflict-moral-hazard-alive-and-well/#comments Thu, 13 Jan 2011 21:14:49 +0000 http://www.thetruthaboutcars.com/?p=380444 The Congressional Oversight Panel, which oversees the TARP program on behalf of the legislative branch, has released an update on the auto bailout [full PDF here] acknowledging the successes of the government intervention, while airing a number of important concerns. As has been typical of mainstream media coverage of the auto bailout, the good news […]

The post TARP Oversight Report: Bailout Goals Conflict, Moral Hazard Alive And Well appeared first on The Truth About Cars.

]]>
The Congressional Oversight Panel, which oversees the TARP program on behalf of the legislative branch, has released an update on the auto bailout [full PDF here] acknowledging the successes of the government intervention, while airing a number of important concerns. As has been typical of mainstream media coverage of the auto bailout, the good news […]

The post TARP Oversight Report: Bailout Goals Conflict, Moral Hazard Alive And Well appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2011/01/tarp-oversight-report-bailout-goals-conflict-moral-hazard-alive-and-well/feed/ 48
On Detroit’s Guzzling Ways http://www.thetruthaboutcars.com/2010/12/on-detroits-guzzling-ways/ http://www.thetruthaboutcars.com/2010/12/on-detroits-guzzling-ways/#comments Fri, 17 Dec 2010 20:18:42 +0000 http://www.thetruthaboutcars.com/?p=377624 One of the more admirable qualities of the blogging culture is a relentless underdog streak. Anyone who mans the ramparts of a decent blog is forever scouring the worlds of business, media and opinion for an opportunity to attack the most prominent voices of the day. And TTAC is no exception: we certainly came up […]

The post On Detroit’s Guzzling Ways appeared first on The Truth About Cars.

]]>
One of the more admirable qualities of the blogging culture is a relentless underdog streak. Anyone who mans the ramparts of a decent blog is forever scouring the worlds of business, media and opinion for an opportunity to attack the most prominent voices of the day. And TTAC is no exception: we certainly came up […]

The post On Detroit’s Guzzling Ways appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/12/on-detroits-guzzling-ways/feed/ 74
TTAC In The New York Times http://www.thetruthaboutcars.com/2010/12/ttac-in-the-new-york-times/ http://www.thetruthaboutcars.com/2010/12/ttac-in-the-new-york-times/#comments Thu, 16 Dec 2010 07:43:09 +0000 http://www.thetruthaboutcars.com/?p=377446 Ed Niedermeyer is too humble to say it, so it’s left to me: Ed just had his second third op-ed piece in the New York Times. Required reading.  Two core sentences: “In particular, what Mr. Obama called his “one goal” — having Detroit “lead the world in building the next generation of clean cars” — […]

The post TTAC In The New York Times appeared first on The Truth About Cars.

]]>
Ed Niedermeyer is too humble to say it, so it’s left to me: Ed just had his second third op-ed piece in the New York Times. Required reading.  Two core sentences: “In particular, what Mr. Obama called his “one goal” — having Detroit “lead the world in building the next generation of clean cars” — […]

The post TTAC In The New York Times appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/12/ttac-in-the-new-york-times/feed/ 59
Is Detroit’s “Perception Gap” Dead? http://www.thetruthaboutcars.com/2010/10/is-detroits-perception-gap-dead/ http://www.thetruthaboutcars.com/2010/10/is-detroits-perception-gap-dead/#comments Wed, 13 Oct 2010 20:35:13 +0000 http://www.thetruthaboutcars.com/?p=368544 According to our latest sales data, the Detroit Three have enjoyed something of a comeback relative to the “foreign” competition this year. And though it’s not clear how long that trend will last, the media is catching the Detroit-boosting bug again.  The NYT’s Bill Vlasic epitomizes the mood, focusing on improvements in GM and Ford’s […]

The post Is Detroit’s “Perception Gap” Dead? appeared first on The Truth About Cars.

]]>
According to our latest sales data, the Detroit Three have enjoyed something of a comeback relative to the “foreign” competition this year. And though it’s not clear how long that trend will last, the media is catching the Detroit-boosting bug again.  The NYT’s Bill Vlasic epitomizes the mood, focusing on improvements in GM and Ford’s […]

The post Is Detroit’s “Perception Gap” Dead? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/10/is-detroits-perception-gap-dead/feed/ 55
GM’s AmeriCredit Deal: Awaiting Approval http://www.thetruthaboutcars.com/2010/07/gms-americredit-deal-awaiting-approval/ http://www.thetruthaboutcars.com/2010/07/gms-americredit-deal-awaiting-approval/#comments Fri, 23 Jul 2010 17:59:44 +0000 http://www.thetruthaboutcars.com/?p=361460 Now that GM’s acquisition of the subprime lender AmeriCredit has had 24 hours to sink in, howls of protest are starting to surface. The charge is being led by Senator Chuck Grassley, who has requested a review of the deal from the SIGTARP, saying If GM has $3.5 billion in cash to buy a financial […]

The post GM’s AmeriCredit Deal: Awaiting Approval appeared first on The Truth About Cars.

]]>
Now that GM’s acquisition of the subprime lender AmeriCredit has had 24 hours to sink in, howls of protest are starting to surface. The charge is being led by Senator Chuck Grassley, who has requested a review of the deal from the SIGTARP, saying If GM has $3.5 billion in cash to buy a financial […]

The post GM’s AmeriCredit Deal: Awaiting Approval appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/07/gms-americredit-deal-awaiting-approval/feed/ 18
GM’s IPO: For King, Country, or Cadillac? http://www.thetruthaboutcars.com/2010/07/gms-ipo-for-king-country-or-cadillac/ http://www.thetruthaboutcars.com/2010/07/gms-ipo-for-king-country-or-cadillac/#comments Thu, 15 Jul 2010 19:38:43 +0000 http://www.thetruthaboutcars.com/?p=360935 After ending the first quarter of this year with $35.7b in cash and equivalents, GM was in the best position it’s enjoyed in decades. And yet, with an IPO prospectus looming, The General is seeking a $5b line of credit and trotting out EBITDAPRO as its in-house measure of financial success. Both of these tactics […]

The post GM’s IPO: For King, Country, or Cadillac? appeared first on The Truth About Cars.

]]>
After ending the first quarter of this year with $35.7b in cash and equivalents, GM was in the best position it’s enjoyed in decades. And yet, with an IPO prospectus looming, The General is seeking a $5b line of credit and trotting out EBITDAPRO as its in-house measure of financial success. Both of these tactics […]

The post GM’s IPO: For King, Country, or Cadillac? appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/07/gms-ipo-for-king-country-or-cadillac/feed/ 25
GM’s IPO: Faster, Harder And Less Satisfying http://www.thetruthaboutcars.com/2010/07/gms-ipo-faster-harder-and-less-satisfying/ http://www.thetruthaboutcars.com/2010/07/gms-ipo-faster-harder-and-less-satisfying/#comments Mon, 05 Jul 2010 17:33:01 +0000 http://www.thetruthaboutcars.com/?p=360265 Despite having more cash than debt for the first time in decades, GM is going back to Wall Street in search of fresh debt. Over the weekend, The General has been in talks with several banks to secure a $5b revolving line of credit to shore up its liquidity position ahead of an IPO that’s […]

The post GM’s IPO: Faster, Harder And Less Satisfying appeared first on The Truth About Cars.

]]>
Despite having more cash than debt for the first time in decades, GM is going back to Wall Street in search of fresh debt. Over the weekend, The General has been in talks with several banks to secure a $5b revolving line of credit to shore up its liquidity position ahead of an IPO that’s […]

The post GM’s IPO: Faster, Harder And Less Satisfying appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/07/gms-ipo-faster-harder-and-less-satisfying/feed/ 15
Editorial: The Truth About GM’s IPO http://www.thetruthaboutcars.com/2010/06/editorial-the-truth-about-gms-ipo/ http://www.thetruthaboutcars.com/2010/06/editorial-the-truth-about-gms-ipo/#comments Thu, 10 Jun 2010 19:06:55 +0000 http://www.thetruthaboutcars.com/?p=358651 One might believe that GM’s forthcoming IPO marks the second coming of Christ.  GM, once the world’s largest corporation, faced oblivion in the winter of 2009.  The train wreck of this former company reemerged from burial last summer through the generosity of the US and Canadian taxpayer as a new company shorn of most of […]

The post Editorial: The Truth About GM’s IPO appeared first on The Truth About Cars.

]]>
One might believe that GM’s forthcoming IPO marks the second coming of Christ.  GM, once the world’s largest corporation, faced oblivion in the winter of 2009.  The train wreck of this former company reemerged from burial last summer through the generosity of the US and Canadian taxpayer as a new company shorn of most of […]

The post Editorial: The Truth About GM’s IPO appeared first on The Truth About Cars.

]]>
http://www.thetruthaboutcars.com/2010/06/editorial-the-truth-about-gms-ipo/feed/ 44