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Posts Tagged ‘General Motors

Let’s Try Again on…GM

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G is for Gigantic M is for Meltdown

G is for Gigantic M is for Meltdown

It’s got to the point where all you have to do is ask, and the billions come flying your way just because “you’re too big to fail”. It’s not a lesson any of us mere mortals can use, but if you’re a great big dinosaur of a car company, go right ahead.

General Motors we’re told by their auditors is at substantial risk of bankruptcy. That is not news. But it’s a useful little nugget to use if you happen to be GM looking for more cash to delay your collapse. Everyone knows the Obama administration is going to pay up, because the alternative is just too bleak to consider. GM goes under, and takes down the entire supplier structure which would be a body-blow to the rest of the world car industry, not to mention the hundreds of thousands added to the unemployment rolls in states that are already on their knees.

It’s a forlorn hope, but at least we should be a little imaginative in how we hand the money out this time. After all, we’ve kind of got these guys by the short and curlies. All we have to do (on behalf of the taxpayer of course, is twist). Here’s how… Read the rest of this entry »

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Written by coolrebel

March 5, 2009 at 11:07 pm

The Idea That America Won’t Make Cars. Ridiculous.

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leo4b1

america the proud

The Auto Industry defines America. There is hardly a major part of recent American history that isn’t profoundly influenced by cars, socially, economically, and politically. As the nation debates the future of its manufacturing heart and soul, it’s worth looking back a few decades in the shape of a list of manufacturers and their slogans or ‘taglines’. It wasn’t always the “Big Three”.

The list speaks for itself about the how much the nation’s vibrant multi-faceted, innovative car industry has been laid low in the past few decades.

The name of each manufacturer (and there are many) is followed by their slogan. Full of pathos, a vigorous, often naive optimism,  and an odd polite dignity, they tell of a time when American manufacturing ruled the world. Some of the lines are truly priceless. Enjoy. Read the rest of this entry »

Written by coolrebel

November 29, 2008 at 1:15 pm