New turmoil dominates today’s [July’s?] news. First, there is the not-quite-yet announced linkup between PSA and GM. Fiat-Chrysler claims to be looking for an alliance…
Month: September 2012
Auto Bailout Redux: Warren Buffett
Posted in bailout, bankruptcy, car czar, Chapter 11, Chapter 7, Chrysler, DIP finance, General Motors, GM, Government Automotive Task Force, TARP, and Warren Buffett
…it was Bush who bailed out GM — Obama forced it into bankruptcy… Steve Rattner’s blog points out a February 27th CNBS interview with Warren…
Europe’s Troubles: BMW postscript
Posted in block exemption, BMW, discounting, Euro, european union, exports, Mercedes, and recession
…my quick analysis suggests no European OEM will weather the coming storm without taking on a fearful amount of water… According to an August 16th…
Ruggles – September 2012 Amid the political turmoil of election season the rescue of the domestic auto industry by the George W. Bush administration and…