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Tag: General Motors

GM Penalty

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Posted on Apr 6, 2014 READ MORE


Airbags

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Posted on Mar 29, 2014 READ MORE


Faulty Airbag

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Posted on Mar 16, 2014 READ MORE


Airbagged

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Premshree Pilai

Why Are 13 People Dead If GM Knew About Ignition Problem 10 Years Ago?

That’s the question that Rep. Fred Upton, R-Mich., is asking after GM issued a massive recall of 1.6 million vehicles.

Posted on Mar 10, 2014 READ MORE



visualpanic (CC BY 2.0)

How the 40-Year ‘Long Recession’ Led to the Great Recession

If you had to date the Great Recession, you might say it started in September 2008 when Lehman Brothers vaporized over a weekend and a massive mortgage-based Ponzi scheme began to tumble. By 2008, however, the majority of American workers had already endured a 40-year decline in wages, security and hope—a Long Recession of their own.

Posted on Apr 10, 2013 READ MORE



A Treasury Department Fail, ‘SNL’ Takes on Biden, and More

A look at the day’s political happenings, including a bipartisan agreement reached on immigration reform and Obama and Clinton give a joint interview on “60 Minutes.”

Posted on Jan 28, 2013 READ MORE



Flickr / epicharmus

Why Bailouts Will Continue Until the Big Banks Are Broken Up

TARP—the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008—is over. The Treasury Department announced it will be completing the sale of the remaining shares it owns of the banks and of General Motors. But in reality it’s not over.

Posted on Jan 8, 2013 READ MORE


Auto Bailout Was a Bonanza for Romney and Friends

Mitt Romney and his wife made at least $15 million (and as much as $115 million) from the very taxpayer-funded auto bailout of 2009 that he opposed, while donors to Republican candidates made more than $4 billion by holding the auto industry and tens of thousands of American jobs hostage.

Posted on Oct 18, 2012 READ MORE



jm3 (CC BY-SA 2.0)

Colombian GM Employees Sew Mouths Shut in Protest

After a year of fruitless protest outside the U.S. Embassy in Bogota, some former GM employees have sewn their mouths shut in a hunger strike against the company’s treatment of workers at its Colombian plant, pledging death if their grievances are not addressed.

Posted on Aug 16, 2012 READ MORE



AP / Paul Sancya

UAW Reaches Contract Agreement With GM

The United Auto Workers and GM announced late Friday that after more than seven weeks of negotiations the two had agreed on a four-year contract that included new jobs, improved profit-sharing and better health care benefits.

Posted on Sep 17, 2011 READ MORE



Fouling the Clean Air Act

In a largely hidden component of its attack on the federal budget, the House of Representatives has approved a key Republican campaign promise to big business: protecting it from what the new majority calls the handcuffs of environmental safeguards.

Posted on Mar 3, 2011 READ MORE


Hummer
Flickr / Teknorat

Hummer Going the Way of the Dodo

The days appear to be numbered for General Motors’ brand of oversize musclemobiles that we know as Hummer. The Detroit automaker has failed to seal the deal with a Chinese buyer in time to save the SUV line, which is looking more and more like the relic of pre-recessionary excess (not to mention gas-guzzling impudence) that it is.

Posted on Feb 25, 2010 READ MORE



Flickr / AYC107

Chavez’s Muffler Rattling

Hugo Chavez muffler-rattled against the likes of Toyota, Ford, General Motors and Fiat in a speech to the country Thursday, attacking those companies for not sharing technology with local industry and threatening to kick them out of business if they did not comply.

Posted on Dec 24, 2009 READ MORE


GM building
Flickr/richardefreeman

Here Comes the ‘New’ GM

General Motors Chief Executive Fritz Henderson tooted his company’s horn plenty when he ushered in a new, post-bankruptcy era for the Detroit automaker—but he couldn’t promise that GM 2.0 would be able to pay back the billions of dollars his company got from taxpayers.

Posted on Jul 10, 2009 READ MORE


General Chrysler
truckend.com

More Aid, Please

General Motors, recipient of the 2009 “Nation’s Most Resistant-to-Change Company That Still Gets Federal Assistance” award, wants more. The auto giant on Wednesday asked for $16.6 billion in loans, on top of the $13.4 billion already granted. All this amid GM plans to shed 47,000 jobs worldwide.

Posted on Feb 18, 2009 READ MORE


General Motors Lobby
nation.co.ke

Post-Bailout, Lobbying Continues

Without skipping a beat, once-troubled financial entities are continuing to spend big to lobby Congress as they pocket billions in TARP bailout money. The lobbying is defended by the bail-outted firms as a “transparent and effective way” to be heard on policy issues.

Posted on Jan 23, 2009 READ MORE


Tahoe
lasplash.com

End of a Supersized Era

Gas prices and fiscal concerns are causing the demise of the American-made sport utility vehicle, a welcome development in the eyes of many fellow drivers but one that also spells the end for thousands of American jobs.

Posted on Dec 23, 2008 READ MORE


Bush Bailed Out
The New York Times / Doug Mills

To the Bailoutmobile!

In an avowed effort to save capitalism from itself, President Bush announced Friday that he would throw the Big Three failing auto companies a $17.4 billion lifesaver, siphoning that money from the initial $700 billion bailout slush fund authorized by Congress in October.

Posted on Dec 19, 2008 READ MORE


ENTER_ALT_TEXT
New York Times / Stephen Crowley

Bailout to Jump-Start Detroit

Agreement has been reached between the White House and congressional Democrats to offer the U.S. auto industry a $14 billion emergency package aimed at keeping the Big Three going until spring. Also, in the grand tradition of state socialism, the deal includes a new auto “czar” to oversee the restructuring of Detroit.

Posted on Dec 10, 2008 READ MORE


Big Three
aolcdn.com

Poll: Auto Bailout Low on Fuel

With a bailout of the Big Three hovering over our political landscape, popular opinion has signaled a considerable voice against any federal support for the failing auto industry. A poll shows 61% of Americans oppose a bailout, believing any government assistance would be both unfair and ineffective in fixing the economy.

Posted on Dec 3, 2008 READ MORE


Ford logo
cartype.com

Ford Asks Gov’t for $9 Billion

After a dismal November, Ford Motor Co. is hanging by a thread, but the automaker told Congress on Tuesday that it is in better shape than Chrysler and General Motors and could make it through its current economic crisis with a little help—to the tune of $9 billion in standby loans.

Posted on Dec 2, 2008 READ MORE


book cover

William Pfaff on General Motors

Are workers to blame for the fix that General Motors (along with many other corporations) is in? A new book by Roger Lowenstein argues that they are. He couldn’t be more wrong.

Posted on Jul 18, 2008 READ MORE


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