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 [...]
TOYOTA: A QUALITY CAR, DON’T THINK SO
I have never been backward in coming forward with my disdain for Japanese cars. I find their designs bland and if any car that was built only to last five years it is a Japanese made car. In fact in Japan owners must surrender their cars for wrecking once they hit that age. The “Mahogany [...]
JUNE 1ST 2009 ONE OF THE SADDEST DAYS FOR AMERICA
General Motors, up until just a few years ago the greatest name in auto manufacturing, today finally declared Chapter 11 bankruptcy. For the past thirty years General Motors became the punch bag for media and Wall Street criticism. The extreme right wing of politics in America also didn’t help matters by hating them for their [...]
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