<?xml version="1.0" encoding="UTF-8"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:itunes="http://www.itunes.com/dtds/podcast-1.0.dtd"
>

<channel>
	<title>The Truth About Cars &#187; High Finance</title>
	<atom:link href="http://www.thetruthaboutcars.com/category/news-blog/high-finance/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.thetruthaboutcars.com</link>
	<description>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</description>
	<lastBuildDate>Sun, 22 Nov 2009 22:41:58 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.8.6</generator>
	<language>en</language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<!-- podcast_generator="Blubrry PowerPress/1.0.3" mode="advanced" entry="simple" -->
	<itunes:summary>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</itunes:summary>
	<itunes:author>The Truth About Cars</itunes:author>
	<itunes:explicit>no</itunes:explicit>
	<itunes:image href="http://www.thetruthaboutcars.com/wp-content/uploads/2007/12/cropped-mirror.jpg" />
	<itunes:owner>
		<itunes:name>The Truth About Cars</itunes:name>
		<itunes:email>editors@ttac.com</itunes:email>
	</itunes:owner>
	<managingEditor>editors@ttac.com (The Truth About Cars)</managingEditor>
	<copyright>2006-2009</copyright>
	<itunes:subtitle>The Truth About Cars</itunes:subtitle>
	<itunes:keywords>The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news.</itunes:keywords>
	<image>
		<title>The Truth About Cars</title>
		<url>http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif</url>
		<link>http://www.thetruthaboutcars.com/category/news-blog/high-finance/</link>
	</image>
	<itunes:category text="News &amp; Politics" />
	<itunes:category text="Games &amp; Hobbies">
		<itunes:category text="Automotive" />
	</itunes:category>
	<itunes:category text="Society &amp; Culture" />
		<item>
		<title>Tesla IPO in the works?</title>
		<link>http://www.thetruthaboutcars.com/tesla-ipo-in-the-works/</link>
		<comments>http://www.thetruthaboutcars.com/tesla-ipo-in-the-works/#comments</comments>
		<pubDate>Sun, 22 Nov 2009 18:15:00 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Electric Vehicles]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[A123 Systems]]></category>
		<category><![CDATA[Chevrolet Volt]]></category>
		<category><![CDATA[electric car]]></category>
		<category><![CDATA[EV]]></category>
		<category><![CDATA[ipo]]></category>
		<category><![CDATA[Model S]]></category>
		<category><![CDATA[Nissan Leaf]]></category>
		<category><![CDATA[Tesla]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336430</guid>
		<description><![CDATA[
Reuters reports that Tesla is planning an Initial Public Offering, after postponing planned IPOs in 2008 and 2009. Tesla reportedly hopes to capitalize on the recent success of battery developer A123 Systems, on the assumption that the A123 IPO has raised interest in electric auto firms. According to one of Reuters&#8217; sources, Tesla&#8217;s IPO filing [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/tesla-ipo-in-the-works/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Fiat Downgraded: Marchionne Eying PSA?</title>
		<link>http://www.thetruthaboutcars.com/fiat-downgraded-marchionne-eying-psa/</link>
		<comments>http://www.thetruthaboutcars.com/fiat-downgraded-marchionne-eying-psa/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 15:15:57 +0000</pubDate>
		<dc:creator>Cammy Corrigan</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[downgrade]]></category>
		<category><![CDATA[Europe Brazil]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[heavy trucks]]></category>
		<category><![CDATA[sergio marchionne]]></category>
		<category><![CDATA[UBS]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336207</guid>
		<description><![CDATA[
UBS has cut Fiat&#8217;s rating from &#8220;buy&#8221; to &#8220;neutral&#8221;. UBS cites its cautious views on car demand in Europe and Brazil as well as heavy trucks and machinery, the areas in which Fiat are strongest. UBS notes that Sergio Marchionne&#8217;s grand scenario of spinning off Fiat&#8217;s auto division is still the company&#8217;s goal, and PSA [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/fiat-downgraded-marchionne-eying-psa/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Swedish Government: Saab&#8217;s Books Were Cooked</title>
		<link>http://www.thetruthaboutcars.com/swedish-government-saabs-books-were-cooked/</link>
		<comments>http://www.thetruthaboutcars.com/swedish-government-saabs-books-were-cooked/#comments</comments>
		<pubDate>Wed, 18 Nov 2009 14:27:05 +0000</pubDate>
		<dc:creator>Thor Johnsen</dc:creator>
				<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[creative accounting]]></category>
		<category><![CDATA[EIB]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[government loans]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[Saab]]></category>
		<category><![CDATA[Sweden]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=336012</guid>
		<description><![CDATA[
Looks like GM may have done some creative accounting after all &#8211; at least according to Swedish Government and their consulting firm KPMG. As we&#8217;ve reported the last couple of days, Saab&#8217;s rescue has been hanging by a thread due to questions around the company&#8217;s financial situation prior to the start of the financial crisis. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/swedish-government-saabs-books-were-cooked/feed/</wfw:commentRss>
		<slash:comments>15</slash:comments>
		</item>
		<item>
		<title>Abu Dhabi Wants A Second Date With Daimler</title>
		<link>http://www.thetruthaboutcars.com/abu-dhabi-wants-a-second-date-with-daimler/</link>
		<comments>http://www.thetruthaboutcars.com/abu-dhabi-wants-a-second-date-with-daimler/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 18:04:46 +0000</pubDate>
		<dc:creator>Cammy Corrigan</dc:creator>
				<category><![CDATA[Germany]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Overseas]]></category>
		<category><![CDATA[Aabar]]></category>
		<category><![CDATA[Abu Dhabi]]></category>
		<category><![CDATA[daimler]]></category>
		<category><![CDATA[Mercedes-Benz]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335911</guid>
		<description><![CDATA[
Reuters reports that Aabar Investments is considering increasing their stake in Daimler AG from 9.1% to 15%. Aabar is already Daimler largest shareholder and this move, should it happen, will further cement this position. The Abu Dhabi investment fund paid $2.7 billion for the 9.1% stake when the share price €20.77. Since then, the share [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/abu-dhabi-wants-a-second-date-with-daimler/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>GM Lost $5k On Every Saab Sold In The Last 8 Years</title>
		<link>http://www.thetruthaboutcars.com/gm-lost-5k-on-every-saab-sold-in-the-last-8-years/</link>
		<comments>http://www.thetruthaboutcars.com/gm-lost-5k-on-every-saab-sold-in-the-last-8-years/#comments</comments>
		<pubDate>Tue, 17 Nov 2009 14:36:01 +0000</pubDate>
		<dc:creator>Thor Johnsen</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[EIB]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[Koenigsegg]]></category>
		<category><![CDATA[losses]]></category>
		<category><![CDATA[Saab]]></category>
		<category><![CDATA[Sweden]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335861</guid>
		<description><![CDATA[
Swedish business site di.se has done some numbercrunching, and figured out that GM has lost SEK 35,000,- (eq aprox $ 5,100, at the current exchange rate) on each Saab sold the last 8 years. As many of TTAC&#8217;s readers have pointed out in various comments, GM never made money on Saab. Truth is; they lost [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-lost-5k-on-every-saab-sold-in-the-last-8-years/feed/</wfw:commentRss>
		<slash:comments>27</slash:comments>
		</item>
		<item>
		<title>GE Capital Backs Jaguar/Land Rover</title>
		<link>http://www.thetruthaboutcars.com/ge-capital-backs-jaguarland-rover/</link>
		<comments>http://www.thetruthaboutcars.com/ge-capital-backs-jaguarland-rover/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 19:43:00 +0000</pubDate>
		<dc:creator>John Horner</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[GE Capital]]></category>
		<category><![CDATA[Jaguar]]></category>
		<category><![CDATA[Land Rover]]></category>
		<category><![CDATA[loan]]></category>
		<category><![CDATA[Tata]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335705</guid>
		<description><![CDATA[
According to the Financial Times General Electric&#8217;s in-house virtual bank, GE Capital, has agreed to give JLR (Jaguar-Land-Rover) new financing secured by vehicles as they come off the production lines. Cash flow wise, JLR will get money almost instantly upon completion of production rather than later on down the road when the dealers and/or their [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/ge-capital-backs-jaguarland-rover/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>GM&#8217;s 3Q Results Press Conference</title>
		<link>http://www.thetruthaboutcars.com/gms-3q-results-press-conference/</link>
		<comments>http://www.thetruthaboutcars.com/gms-3q-results-press-conference/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 18:18:45 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[3q results]]></category>
		<category><![CDATA[fritz henderson]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[market share]]></category>
		<category><![CDATA[revenue]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335698</guid>
		<description><![CDATA[
Check out GM&#8217;s complete video of the conference here.
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gms-3q-results-press-conference/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>Saab Deal Going The Way Of Opel?</title>
		<link>http://www.thetruthaboutcars.com/saab-deal-going-the-way-of-opel/</link>
		<comments>http://www.thetruthaboutcars.com/saab-deal-going-the-way-of-opel/#comments</comments>
		<pubDate>Mon, 16 Nov 2009 14:44:02 +0000</pubDate>
		<dc:creator>Thor Johnsen</dc:creator>
				<category><![CDATA[Branding]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[BAIC]]></category>
		<category><![CDATA[EIB]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Koenigsegg]]></category>
		<category><![CDATA[Saab]]></category>
		<category><![CDATA[Sweden]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335638</guid>
		<description><![CDATA[
Saab has not had an easy path to salvation. The Koenigsegg Group has had to provide finances, agree to a price and conditions with GM, get loan from European Investment Bank (EIB),and  coax the Swedish Government into guaranteeing loans. Now there&#8217;s one more hurdle left, and it&#8217;s the same challenge that scuppered the Opel to [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/saab-deal-going-the-way-of-opel/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>U.S. Taxpayer Repays Part of GM&#8217;s German Loan</title>
		<link>http://www.thetruthaboutcars.com/u-s-taxpayer-repays-part-of-gms-german-loan/</link>
		<comments>http://www.thetruthaboutcars.com/u-s-taxpayer-repays-part-of-gms-german-loan/#comments</comments>
		<pubDate>Sat, 14 Nov 2009 00:10:23 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335429</guid>
		<description><![CDATA[
As part of its eleventh-hour decision to hold onto its Opel subsidiary, GM has made a 200m euro ($300 million) payment on its German &#8220;bridge loan&#8221; reports the WSJ. GM Europe Chief Financial Officer Enrico Digirolamo announced that the nationalized automaker will repay the remaining 400m euros ($600 million) by the end of the month. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/u-s-taxpayer-repays-part-of-gms-german-loan/feed/</wfw:commentRss>
		<slash:comments>6</slash:comments>
		</item>
		<item>
		<title>GM&#8217;s Monday Earnings Report: Mind The GAAP</title>
		<link>http://www.thetruthaboutcars.com/gms-monday-earnings-report-mind-the-gaap/</link>
		<comments>http://www.thetruthaboutcars.com/gms-monday-earnings-report-mind-the-gaap/#comments</comments>
		<pubDate>Thu, 12 Nov 2009 22:18:55 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[accounting]]></category>
		<category><![CDATA[earnings]]></category>
		<category><![CDATA[GAAP]]></category>
		<category><![CDATA[GM]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335167</guid>
		<description><![CDATA[
Were you looking forward to GM&#8217;s first post-bankruptcy financial report, set to be released on Monday? We sure were. Right up until we read that the earning statement won&#8217;t be compliant with a little something called Generally Accepted Accounting Principles. Automotive News [sub] reports that GM will use so-called “managerial accounting,” (do we have an [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gms-monday-earnings-report-mind-the-gaap/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Chrysler Dealers Appeal to Marchionne in GMAC Dispute</title>
		<link>http://www.thetruthaboutcars.com/chrysler-dealers-appeal-to-marchionne-in-gmac-dispute/</link>
		<comments>http://www.thetruthaboutcars.com/chrysler-dealers-appeal-to-marchionne-in-gmac-dispute/#comments</comments>
		<pubDate>Thu, 12 Nov 2009 15:22:10 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Dealer News]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[credit]]></category>
		<category><![CDATA[Dealers]]></category>
		<category><![CDATA[floorplan]]></category>
		<category><![CDATA[GMAC]]></category>
		<category><![CDATA[rejected dealer]]></category>
		<category><![CDATA[sergio marchionne]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=335091</guid>
		<description><![CDATA[
&#8220;I don&#8217;t see anyone bleeding to death,&#8221; Sergio Marchionne told reporters and analysts a week ago, when asked what he thought of Chrysler&#8217;s current dealer body. He might be about to change his tune. The US Treasury will stop guaranteeing GMAC&#8217;s floorplan loans to Chrysler Group dealers on the 21st of this month, and the [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/chrysler-dealers-appeal-to-marchionne-in-gmac-dispute/feed/</wfw:commentRss>
		<slash:comments>8</slash:comments>
		</item>
		<item>
		<title>Chrysler: I Am Ram (Dependent)</title>
		<link>http://www.thetruthaboutcars.com/chrysler-i-am-ram-dependent/</link>
		<comments>http://www.thetruthaboutcars.com/chrysler-i-am-ram-dependent/#comments</comments>
		<pubDate>Mon, 09 Nov 2009 20:58:43 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Sales]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334627</guid>
		<description><![CDATA[
Look at Chrysler&#8217;s sales volume by model, and it&#8217;s clear that Ram is one of the few nameplates keeping Chrysler&#8217;s volume moving. Especially when you consider that pickups typically generate far more profit than car and crossover models. Which brings us to what may have been the most penetrating question of Wednesday&#8217;s question-and-answer period (which [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/chrysler-i-am-ram-dependent/feed/</wfw:commentRss>
		<slash:comments>5</slash:comments>
		</item>
		<item>
		<title>David Cole: Ford&#8217;s Debt Adds $1500 to Cost of Every Vehicle</title>
		<link>http://www.thetruthaboutcars.com/david-cole-fords-debt-adds-1500-to-cost-of-every-vehicle/</link>
		<comments>http://www.thetruthaboutcars.com/david-cole-fords-debt-adds-1500-to-cost-of-every-vehicle/#comments</comments>
		<pubDate>Fri, 06 Nov 2009 15:52:30 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333874</guid>
		<description><![CDATA[
We tore David Cole a new one the other day, when the leader of the manufacturer and union-supported Center for Automotive Research suggested that trimming GM and Chrysler dealers wasn&#8217;t such a good idea&#8212;based on some schmoozing with his pals. Never let it be said that I won&#8217;t trot-out a dubious source when it suits [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/david-cole-fords-debt-adds-1500-to-cost-of-every-vehicle/feed/</wfw:commentRss>
		<slash:comments>23</slash:comments>
		</item>
		<item>
		<title>Chrysler&#8217;s Financial Plan: Leveraged Assumptions</title>
		<link>http://www.thetruthaboutcars.com/chryslers-financial-plan-leveraged-assumptions/</link>
		<comments>http://www.thetruthaboutcars.com/chryslers-financial-plan-leveraged-assumptions/#comments</comments>
		<pubDate>Thu, 05 Nov 2009 15:21:12 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334227</guid>
		<description><![CDATA[
Chrysler&#8217;s financial plan is where the rubber hits the road for Sergio Marchionne&#8217;s turnaround. It starts with a break-even projection for 2010 on net revenue of about $42.5b, which is more than double the projections for 2009 of $17b net revenue. As the previous sales projection chart and product plan analysis indicates, a short-term turnaround [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/chryslers-financial-plan-leveraged-assumptions/feed/</wfw:commentRss>
		<slash:comments>23</slash:comments>
		</item>
		<item>
		<title>Chrysler&#8217;s Cash Claim: A Cruel Con?</title>
		<link>http://www.thetruthaboutcars.com/chryslers-cash-claim-a-cruel-con/</link>
		<comments>http://www.thetruthaboutcars.com/chryslers-cash-claim-a-cruel-con/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 21:05:21 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334137</guid>
		<description><![CDATA[
Sergio Marchionne stunned the mainstream media&#8212;literally&#8212;with his revelation that Chrysler has improved its post-C11 cash position from $4 billion to $5.7 billion. “&#8217;Some of you have been surmising we&#8217;re burning through cash,&#8217; he said in brief remarks opening the company&#8217;s presentation of its five-year plan. &#8216;This is not true.&#8217;” Uh, yes, it is. Can you [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/chryslers-cash-claim-a-cruel-con/feed/</wfw:commentRss>
		<slash:comments>23</slash:comments>
		</item>
		<item>
		<title>Positive Post of the Day: Chrysler Has Cash, Will Produce Diesel Wrangler</title>
		<link>http://www.thetruthaboutcars.com/positive-post-of-the-day-chrysler-has-cash-will-produce-diesel-wrangler/</link>
		<comments>http://www.thetruthaboutcars.com/positive-post-of-the-day-chrysler-has-cash-will-produce-diesel-wrangler/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 20:46:34 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Future Vehicles]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Positive Post Of The Day]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334127</guid>
		<description><![CDATA[
Surprise! There&#8217;s some good news coming out of Chrysler&#8217;s five-year plan presentation. Okay, the really surprising part first: Sergio Marchionne has revealed that Chrysler has $5.7B in cash, up from $4B when it exited bankruptcy in June. The somewhat less surprising part: Jeep is bringing a stop-start-equipped, diesel-powered Wrangler. How niche-tastic is that?
]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/positive-post-of-the-day-chrysler-has-cash-will-produce-diesel-wrangler/feed/</wfw:commentRss>
		<slash:comments>25</slash:comments>
		</item>
		<item>
		<title>Opel Workers Set to Strike, Germans Recalling $2.2B Bridge Loan</title>
		<link>http://www.thetruthaboutcars.com/opel-workers-set-to-strike-germans-recalling-2-2b-bridge-loan/</link>
		<comments>http://www.thetruthaboutcars.com/opel-workers-set-to-strike-germans-recalling-2-2b-bridge-loan/#comments</comments>
		<pubDate>Wed, 04 Nov 2009 14:36:11 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Chapter 11]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=334046</guid>
		<description><![CDATA[
GM&#8217;s last minute (i.e. post-German election) decision to pull out of a deal to sell its European Opel division to a consortium lead by Canada&#8217;s Magna Corporation has left chaos in its wake. The Associated Press reports that Opel workers throughout Europe are planning to strike GM on Thursday, protesting the automaker&#8217;s planned &#8220;rationalization&#8221; of  [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/opel-workers-set-to-strike-germans-recalling-2-2b-bridge-loan/feed/</wfw:commentRss>
		<slash:comments>20</slash:comments>
		</item>
		<item>
		<title>Ford Posts $997 Million 3Q Profit</title>
		<link>http://www.thetruthaboutcars.com/ford-posts-997m-3q-profit/</link>
		<comments>http://www.thetruthaboutcars.com/ford-posts-997m-3q-profit/#comments</comments>
		<pubDate>Mon, 02 Nov 2009 15:15:02 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333769</guid>
		<description><![CDATA[
Ford turned a profit in the second quarter of this year, thanks to a share offering and other debt-reduction actions which covered a $424M pre-tax operating loss. In the third quarter, however, Ford&#8217;s profit needs no such qualification. Pre-tax operating profits were $1.1B, including a $357M from North American operations. For the record, this marks [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/ford-posts-997m-3q-profit/feed/</wfw:commentRss>
		<slash:comments>39</slash:comments>
		</item>
		<item>
		<title>Opel Workers: Can We Do This Deal Already?</title>
		<link>http://www.thetruthaboutcars.com/opel-workers-can-we-do-this-deal-already/</link>
		<comments>http://www.thetruthaboutcars.com/opel-workers-can-we-do-this-deal-already/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 16:36:23 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333595</guid>
		<description><![CDATA[
GM&#8217;s sale of Opel to Magna/Sberbank is being held up by the European Union, which is looking into whether the German government unfairly favored Magna&#8217;s bid. But while the interregnum plays out (the EU will decide by November 27th), GM has plenty of time to develop a case of seller&#8217;s remorse. After all, GM&#8217;s VP [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/opel-workers-can-we-do-this-deal-already/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>GM-Daewoo: No Bailout Needed. For Now. Maybe.</title>
		<link>http://www.thetruthaboutcars.com/gm-daewoo-no-bailout-needed-for-now-maybe/</link>
		<comments>http://www.thetruthaboutcars.com/gm-daewoo-no-bailout-needed-for-now-maybe/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 15:01:19 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[compact]]></category>
		<category><![CDATA[daewoo]]></category>
		<category><![CDATA[Debt]]></category>
		<category><![CDATA[developing markets]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[GM]]></category>
		<category><![CDATA[kdb]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333587</guid>
		<description><![CDATA[
It&#8217;s not that GM&#8217;s Korean Daewoo division doesn&#8217;t need more money. The problem is that the only bank willing to lend a dime, the Korean Development Bank, wants strings attached. Since GM came up with the cash to buy up Daewoo&#8217;s $413m rights offering, it says Daewoo is out of trouble for two more years. [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-daewoo-no-bailout-needed-for-now-maybe/feed/</wfw:commentRss>
		<slash:comments>4</slash:comments>
		</item>
		<item>
		<title>U.S. Treasury Secretary: GMAC Needs Less Money Than We Thought</title>
		<link>http://www.thetruthaboutcars.com/u-s-treasury-secretary-gmac-needs-less-money-than-we-thought/</link>
		<comments>http://www.thetruthaboutcars.com/u-s-treasury-secretary-gmac-needs-less-money-than-we-thought/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 02:23:59 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333554</guid>
		<description><![CDATA[
&#8220;We&#8217;re likely to have to put in less capital [to GMAC] than we expected,&#8221; U.S. Treasury Secretary Tim Geithner told the House of Representatives Financial Services Committee earlier today. Which raises six major questions. First, huh? GMAC has already received not one but two direct injections of federal taxpayer assistance. Why are we arguing over [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/u-s-treasury-secretary-gmac-needs-less-money-than-we-thought/feed/</wfw:commentRss>
		<slash:comments>12</slash:comments>
		</item>
		<item>
		<title>GM To Draw On Government Funds For Delphi Rescue</title>
		<link>http://www.thetruthaboutcars.com/gm-to-draw-on-government-funds-for-delphi-rescue/</link>
		<comments>http://www.thetruthaboutcars.com/gm-to-draw-on-government-funds-for-delphi-rescue/#comments</comments>
		<pubDate>Thu, 29 Oct 2009 17:14:10 +0000</pubDate>
		<dc:creator>Edward Niedermeyer</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[Government]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333506</guid>
		<description><![CDATA[
The WSJ reports that GM will draw &#8220;north of $2.5b&#8221; from its government escrow account to fund its own bailout of its major supplier, Delphi. Considering GM has committed $1b in debt assumption, $2b in forgiven claims and $1.75b in investments, we can assume the amount will be well north of $2.5b. But how much [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/gm-to-draw-on-government-funds-for-delphi-rescue/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Christmas For GMAC: Feds Eye Another $2.8b-$5.6b</title>
		<link>http://www.thetruthaboutcars.com/christmas-for-gmac-feds-eye-another-2-8b-5-6b/</link>
		<comments>http://www.thetruthaboutcars.com/christmas-for-gmac-feds-eye-another-2-8b-5-6b/#comments</comments>
		<pubDate>Thu, 29 Oct 2009 14:35:47 +0000</pubDate>
		<dc:creator>Steven Lang</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333477</guid>
		<description><![CDATA[
No, we&#8217;re not talking about genuine job creation or a tax holiday for convicted felons. Well actually, we are. GMAC was given one humdinger of a present last year with $12.8 billion nestled near an open fire. That fire has now consumed nearly all that money. So the question now is what you should do [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/christmas-for-gmac-feds-eye-another-2-8b-5-6b/feed/</wfw:commentRss>
		<slash:comments>7</slash:comments>
		</item>
		<item>
		<title>Daimler, Honda: Recovery, What Recovery?</title>
		<link>http://www.thetruthaboutcars.com/daimler-honda-recovery-what-recovery/</link>
		<comments>http://www.thetruthaboutcars.com/daimler-honda-recovery-what-recovery/#comments</comments>
		<pubDate>Tue, 27 Oct 2009 13:55:41 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>
		<category><![CDATA[Sales]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333229</guid>
		<description><![CDATA[
It&#8217;s your classic case of schlechte/gute Nachrichten. Post-Chrysler Daimler is predicting positive earnings in the fourth financial quarter&#8212;before interest and tax. After that, after the federal money&#8217;s gone, things will go from worse to worserer. &#8220;Global demand for cars should fall this year by only around 10 percent thanks to state incentives . . . [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/daimler-honda-recovery-what-recovery/feed/</wfw:commentRss>
		<slash:comments>18</slash:comments>
		</item>
		<item>
		<title>Bailout Watch 589: GM C11 Lawyers Score $23m</title>
		<link>http://www.thetruthaboutcars.com/bailout-watch-589-gm-c11-lawyers-score-23m/</link>
		<comments>http://www.thetruthaboutcars.com/bailout-watch-589-gm-c11-lawyers-score-23m/#comments</comments>
		<pubDate>Mon, 26 Oct 2009 17:42:59 +0000</pubDate>
		<dc:creator>Robert Farago</dc:creator>
				<category><![CDATA[Bailout Watch]]></category>
		<category><![CDATA[High Finance]]></category>
		<category><![CDATA[News Blog]]></category>

		<guid isPermaLink="false">http://www.thetruthaboutcars.com/?p=333101</guid>
		<description><![CDATA[
Is anyone surprised that the lawyers who guided &#8220;old&#8221; GM into the dustbin of history scored $255,555 a day for 90 days? The $23 million price tag seems like small beer to me. According to The Detroit News, &#8220;AP Services, headed by Al Koch, who doubles as the chief restructuring officer of GM&#8217;s bankruptcy estate, [...]]]></description>
		<wfw:commentRss>http://www.thetruthaboutcars.com/bailout-watch-589-gm-c11-lawyers-score-23m/feed/</wfw:commentRss>
		<slash:comments>10</slash:comments>
		</item>
	</channel>
</rss>
<!--
This site's performance optimized by W3 Total Cache:

W3 Total Cache improves the user experience of your blog by caching
frequent operations, reducing the weight of various files and providing
transparent content delivery network integration.

Learn more about our WordPress Plugins: http://www.w3-edge.com/wordpress-plugins/

Page Caching using memcached
Database Caching 22/32 queries in 0.083 seconds using memcached

Served from: server32.autoforums.com @ 2009-11-22 19:30:15 -->