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Entries tagged with 'GM'On 'cash for clunkers': GM cars should be favoredAs of early August, using $1 billion of taxpayer money, the top five cars purchased under the government's "cash for clunkers" program included one Honda, one Ford and three Toyota models. Since you and I, dear taxpayers, now own 60... On cash for clunkers: New crisis in the makingThis "cash for clunkers" program has almost the same features that broke the real estate industry. In the long run, buyers of new cars will eventually fail to meet monthly payments. Banks will repossess them, creating another economic debacle. Rudy... Ford didn't need handoutI'm sure we are on the cusp of celebrating GM's emergence from bankruptcy, but in this country we should honor the fact Ford is making a go without a bailout. Jay Clement, Dallas... Leading Questions for Sunday, June 14Step right up -- send us your Leading Questions for Sunday publication (in the print edition, that is.) A Leading Question is a question of a philosophical nature -- we're not really looking for answers, just to provoke thought. Here... On the GM bankruptcy: Texas, like GM, laggingRe: "Texas lags as nation shifts to green policies -- Critics say state is unprepared, but Perry defends solo approach," Monday Business. What irony that this article appeared on the same page with the headlines covering the General Motors bankruptcy.... GM's next move?After General Motors goes into bankruptcy and current contractual obligations are absolved, the company will be able to manufacture with greater profit a much larger percentage of automobiles in China for sale in the U.S. Ah, what's that slogan? What's... Where is UAW support?For decades, I have read that the United Auto Workers union was proud of the support and protection it provided its workers. I do not understand why they now are standing idle while the company is being reduced to a... Volt didn't stall GMRe: "The electric slide -- GM wouldn't be in such a hole had it not sunk a billion dollars into a not-very-realistic electric hybrid, says Charles Lane," Sunday Points. Lane's point that GM would be in any better financial position... I'll drive a Ford ...Re: "Bankrupt Chrysler pins hopes on fiat -- Leaner cars, company planned; U.S. to give $8 billion more in aid," Friday news story. The president is making sure I never buy another GM or Chrysler product. (I own one of... Just say no to UAW?If the Obama administration turns loans into GM stock, you won't like what you get. Can you see the Obama people ever saying no to the United Autoworkers on pay, benefits, etc.? The UAW is their dearest constituent. David Bishop,... Give GM a second lookI have had enough of the media's "let's trash General Motors" agenda. I have worked in GM dealerships in Dallas for 36 years and my father worked for GM and also some Dallas area dealerships. Yes, GM has had some... On the economy and GMOf course, Wagoner muscled out Re: "U.S. pushes out General Motors' CEO -- Treasury may take deeper role in automaker's restructuring," Monday news story. General Motors is doomed. It would have been much better to reorganize under the bankruptcy statutes... Let's step on the brakesRe: "U.S. behind the wheel -- Obama demands restructuring before GM, Chrysler receive more federal aid," Tuesday news story. President Obama "has no interest in running GM." He only wants to remove the chairman and the board of directors, tell... Will other culprits quit?Re: "U.S. behind the wheel -- Obama demands restructuring before GM, Chrysler receive more federal aid," Tuesday news story. OK, so the government has forced GM CEO Rick Wagoner to resign as a result of his company's financial woes --... Reagan era sputters to endBe very afraid when a man who has never spent a day in the business world requires a CEO to resign, while simultaneously making judgments on business plans. Frankly, I don't know if former GM CEO Rick Wagoner should go... Unfair cost to taxpayersRe: "A plan to save auto worker jobs," by George Venner, Saturday Letters. Venner suggested giving a rebate to the purchaser of every vehicle manufactured in the U.S. to help GM, Ford and Chrysler. I guess he does not realize... A plan to save auto worker jobsOur president stresses new jobs, which is good. Why not protect the jobs of so many autoworkers and do something to stop the layoffs in this industry? My suggestion is to give a rebate on every vehicle manufactured in the... Practical plan for automakersHere is a plan to save the automakers that uses private financing and has minimal cost for the government: The federal government could buy 1 million electric cars from Ford, GM and Chrysler at average price of $20,000 each. The... 'Detroitasaurus' class neededRe: "Layoff numbers explode in 1 day -- TI's shedding of 3,400 jobs part of the tens of thousands of cuts by companies around the world -- Drastic firings also planned by Home Depot, Caterpillar, Sprint Nextel and Pfizer," and... On the economy: Trouble at the topGM will not survive if the blockheads running the company stay in management, regardless of the size of their salary. Their "expertise" ran a once-thriving company into the ground. I sold my GM stock several years ago after reading the... |