Word: gm
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...milestones on the road to GM's bankruptcy...
...auto industry - by encouraging southeastern Michigan's reliance on this single, lumbering mastodon - Dingell has in fact played a signal role in destroying Detroit. He was hardly alone; if you wanted to get elected in southeastern Michigan, you had to support the party line dictated by the Big Four - GM, Ford, Chrysler and their co-conspirator the United Auto Workers. Anything that might limit the industry's income was bad for the auto industry, and anything bad for the auto industry was deemed dangerous to Detroit...
...feel too badly for Detroit. Becker says the company that perhaps does best under the proposed rules is the government's own car company, General Motors. GM benefits from the EV exception and also from the changes in the rules that will allow sales of larger vehicles like pickup trucks through a separate loophole that permits automakers to "borrow" credits from the future. Kliesch says the flexibility is fine but asks where the guarantee is that the companies will make good on promises to repay borrowed credits. "That's why you need some kind of backstop [in the rules...
...Roxboro, N.C., makes a 3-in. gadget called a lash adjuster that keeps pressure constant on engine valves, increasing fuel efficiency. Last year Brian Whitfield, a supply-chain analyst at the factory, had plenty of work scheduling orders for raw materials, components and packaging. But with the collapse of GM and Chrysler, business ground to a halt, and when Whitfield arrived at his cubicle on Jan. 20, he found an e-mail from management announcing layoffs. He looked around and saw people leaving, carrying boxes. Then his boss called him into the conference room. "Basically it was, 'Sorry...
Jesse Toprak, an analyst with TrueCar.com, says that while GM and Chrysler carry smaller debt loads than Ford, the advantage seems rather slender, given Ford's rising stature in the eyes of consumers. A new survey by Consumer Reports shows that potential buyers prefer Ford products to those of either GM or Chrysler. Further, in the latest initial quality studies done by J.D. Power & Associates, Ford was tied statistically with Toyota in terms of overall quality - it's best showing ever...