A lot of people don't care for this General Motors service. For some very good reasons too.
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"Daily existence is increasingly that of despair, depression, and derangement, punctuated by news of the latest serial murder spree or global eco-disaster, consumed as horrible entertainments in the emptiness." - John Zerzan
Showing posts with label General Motors. Show all posts
Showing posts with label General Motors. Show all posts
Wednesday, September 28, 2011
Friday, December 3, 2010
weblog
GM loses money on every Volt electric car it sells. Same old GM eh? Lame products that don't make a profit. I wouldn't depend on another bailout next time they screw up if I was them.
Labels:
capitalism,
Chevy Volt,
electric cars,
General Motors,
GM trees
Saturday, October 2, 2010
weblog
Mickey Kaus detects some possible monkey-business with the General Motors IPO & the Obama administration: Says Kaus: "But isn't it looking increasingly like the IPO is in trouble? I'm not a Wall Street expert, but I can read the papers. The IPO's already been scaled back, apparently, to the point where taxpayers may not unload enough shares to put them under the 50 percent mark. The global economy is iffy. GM has just abruptly switched CEOs . Its balance sheet is "loaded with fluff," according to Bloomberg. Its own IPO documents admit its "internal control over financial reporting are currently not effective." UAW locals are restive. And its market share is now seemingly below the target level. (A percentage point of share is a big deal in the auto industry.)"
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