GM TURNS A PROFIT, A VERY GOOD PROFIT
What a difference a year makes. This first quarter of 2010, American operations contributed a net $1.3 billion. The rest of the world cost GM $500 million. We know Europe has been a drain on GM for decades and quite frankly GM should have had the guts last year to tell Sweden, Germany and England [...]
GENERAL MOTORS BACK INTO NUMBER ONE POSITION
When those nay Sayers just loved it when General Motors collapsed I had lost 20% of my 401K plan because I believed in my GM investment so foolishly so that I admit I hung onto it right until the end. Why did I believe in General Motors? Because dollar for dollar to me in the [...]
IT JUST GETS WORSE AND WORSE FOR POOR TOYOTA
Not that I really care, but Toyota have dug a huge hole for themselves and the timing could not be worse. I have always claimed two things about Toyota, firstly they dumped their cars into the local market and secondly when the cost to keep Japanese executives on the American payroll became too great, they [...]
EIGHTY-TWO YEAR OLD LEE IACOCCA STRIKES OUT
One of America’s great 20th Century industrial titans and personalities had some interesting things to say about the current economic mess we are in. Much of what he had to say was disparaging towards President Obama and the Democratic Party, but even after discounting those political comments, he was on the money about many things, [...]
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