The Truth About Cars » election http://www.thetruthaboutcars.com The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. Mon, 28 Jul 2014 18:32:39 +0000 en-US hourly 1 http://wordpress.org/?v=3.9.1 The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars no The Truth About Cars editors@ttac.com editors@ttac.com (The Truth About Cars) 2006-2009 The Truth About Cars The Truth About Cars is dedicated to providing candid, unbiased automobile reviews and the latest in auto industry news. The Truth About Cars » election http://www.thetruthaboutcars.com/wp-content/themes/ttac-theme/images/logo.gif http://www.thetruthaboutcars.com GM Bumps Up Q3 Results Prior To Election Day http://www.thetruthaboutcars.com/2012/09/gm-bumps-up-q3-results-prior-to-election-day/ http://www.thetruthaboutcars.com/2012/09/gm-bumps-up-q3-results-prior-to-election-day/#comments Fri, 07 Sep 2012 15:24:39 +0000 http://www.thetruthaboutcars.com/?p=459306

General Motors hasn’t announced their Q3 financial results prior to November in six years, but they intend to announce them on October 31st, 2012 – just prior to the U.S. general election on November 6th.

The timing, reported by MLive.com, is apparently coincidental, with GM spokesman Jim Cain telling the outlet that

 “…scheduling is based on committee meetings, executives’ schedules and other internal factors.”

Chrysler and Ford have yet to announce the timing of their Q3 result announcements. Chrysler has traditionally released their numbers at the same time as parent company Fiat. The Italian conglomerate will release their results on October 30th.

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Mitt Romney Pens Detroit News Op-Ed On Big Three Bailout http://www.thetruthaboutcars.com/2012/02/mitt-romney-pens-detroit-news-op-ed-on-big-three-bailout/ http://www.thetruthaboutcars.com/2012/02/mitt-romney-pens-detroit-news-op-ed-on-big-three-bailout/#comments Tue, 14 Feb 2012 20:36:41 +0000 http://www.thetruthaboutcars.com/?p=430874

Republican Presidential candidate Mitt Romney published an op-ed in the Detroit News calling the auto bailout “crony capitalism on a grand scale.” Boasting of his Michigan roots, Romney takes the Obama administration and the UAW to task for what he suggests is a symbiotic relationship between the two that allowed the union to get stakes in GM and Chrysler. In short, nothing new from the man who is running an election that is a referendum on Obama’s presidency.

Readers of TTAC will recognize that Romney’s explanation of the bailout and his own suggests are a sort of “For Dummies” executive summary of what went on, and his suggestions for improvement, like the feel good rhetoric about the resurgence of the Motor City are nothing we haven’t heard before. Buried towards the end is the one major piece of the article, with Romney suggesting

The shares  [in General Motors belonging to the Treasury] need to be sold in a responsible fashion and the proceeds turned over to the nation’s taxpayers

 

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