Archive for the 'Cars' Category

It’s Halftime in Mexico, Canada and Italy

By mw | Related entries in Cars, Media, Partisan Nonsense, Politics, Sports

If there is a political message to found here, it has nothing to do with the advertisement itself. The ad is doing exactly what any good ad should do. In fact, it does more – Memeorandum is tracking reactions, people are writing columns about it, it is being posted on blogs and social networks. Chrysler is getting more than their money’s worth from this spot.

The political problem is with the underlying company. The problem is with the moral hazard unleashed when they were bailed out with taxpayer money. The problem is with the subsequent heavy handed politically motivated machinations orchestrated by the Obama administration in the bankruptcy proceedings. I would not want to buy a car from that company.

February 7th, 2012 | Permalink| No Comments »

GM And Chrysler Investing Additional $1B In US Auto Manufacturing

By Justin Gardner | Related entries in Business, Cars, Economy

The move will save nearly 2,500 jobs. Tweet

November 24th, 2010 | Permalink| 7 Comments »

GM pays back $6.7B in government loans by using a $13.4B government funded escrow account in order to secure $10B in new government loans.

By mw | Related entries in Bad Decisions, Bailouts, Cars, Corporate Business, Democrats, Economy, Fiscal Responsibility

All week I’ve watched GM CEO Ed Whitacre walking down a factory floor in a GM advertisement, crowing about repaying government loans while saying he could respect the opinion of those who did not want to give GM a “second chance”. It is good to know that Ed can respect my opinion of the bailout. He might be interested to know that my current opinion is that his claim that GM repaid the loan from the US Government in full and ahead of schedule is more than a little disingenuous. I hope Ed still respects me.

April 27th, 2010 | Permalink| 17 Comments »

Chrysler Stops Hemorrhaging Money

By Justin Gardner | Related entries in Cars, Money

And they could break even this year. So while they won’t be paying back the government loans as soon as GM, they’re still on track to meet their obligations in the future. More from Wash Post: Chrysler, which emerged from bankruptcy last June, reported Wednesday that it lost $3.8 billion through the end of the […]

April 22nd, 2010 | Permalink| 8 Comments »

GM Pays Back Government Loans

By Justin Gardner | Related entries in Cars, Economy, Money

Yep. We’ll never see that money again. And certainly not 5 years ahead of schedule. Just like we’ll never see the TARP money again. From the AP: GM got a total of $52 billion from the U.S. government and $9.5 billion from the Canadian and Ontario governments as it went through bankruptcy protection last year. […]

April 21st, 2010 | Permalink| 18 Comments »


By donar | Related entries in Cars, Cartoons, Political Graffiti


February 4th, 2010 | Permalink| No Comments »

White House Orders Pay Cut For Bailout Firms

By Justin Gardner | Related entries in Bailouts, Banks, Barack, Cars, Money, Obama

Who’s this guy? Meet Kenneth R. Feinberg, the new pay “czar” for the White House. He’s tasked with reigning in the out of control compensation at companies the government helped recently. I think it should be noted right off the bat that this is tied to executive compensation and bonuses…two pots of money that are […]

October 22nd, 2009 | Permalink| 10 Comments »

Claire McCaskill Bags On Cash For Clunkers

By Justin Gardner | Related entries in Cars, Economy

Lots of “clunking” going on this morning at the Donk, but it’s the hot topic and since this criticism comes from a Dem I thought it worthy of pointing out some opposition from my side of the fence. From her Tumblr blog: Of course the cash for clunkers program is popular, we’re giving away money. […]

August 5th, 2009 | Permalink| 7 Comments »

What’s The Environmental Impact Of Cash For Clunkers?

By Justin Gardner | Related entries in Cars, Energy, Environment

TIMES crunches the numbers and comes up with some encouraging data… The initial data released by Department of Transportation, however, shows that so far cash for clunkers has been a green success. The clunkers averaged 15.8 m.p.g., compared with 25.4 m.p.g. for the new vehicles purchased, for an average fuel-economy increase of 61%. On the […]

August 5th, 2009 | Permalink| 7 Comments »

Cash For Clunkers Turns Into Cars.Gov

By Justin Gardner | Related entries in Cars, Economy, Energy, Environment, Fiscal stimulus, Money, Technology

A new website for the controversial, popular program is up and it includes some things you need to know if you’d like to take advantage. Your vehicle must be less than 25 years old on the trade-in date Only purchase or lease of new vehicles qualify Generally, trade-in vehicles must get 18 or less MPG […]

August 5th, 2009 | Permalink| 4 Comments »