General Motors & Wall Street Journal

General Motors Company , commonly known as GM, formerly incorporated (until 2009) as General Motors Corporation, is an American multinational automotive corporation headquartered in Detroit, Michigan and the world's largest automaker, by vehicle unit sales, in 2011. The Wall Street Journal is an American English-language international daily newspaper. 5.0/5

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The real group behind the poison water is General Motors- Put this in the Wall Street Journal- Internet search Ge…
Wall Street Journal listed the obituaries of three investors today--the first had cancer at 72, the second had a heart attack at 78, and the third guy had General Motors at 160
Earl Stewart is quoted in this Wall Street Journal story today by former PB Post reporter Charles Passy about how NOT to get ripped off by car mechanics/service departments. Important info to read and know! March 14, 2014, 7:32 a.m. EDT Never get cheated by car mechanics again How to save on repairs and avoid paying for unnecessary work By Charles Passy, MarketWatch Shutterstock.com What’s a car owner to do when his trusted auto mechanic leaves the business to run a funeral home? Such was the unlikely scenario I found myself facing a few years ago. I had been seeing the same mechanic almost since I bought my first car in 1992. But as strange as it may sound, the guy also owned a funeral parlor a few miles to the west of town. And at a certain point, he decided that the dead people biz was better than the dead car biz. Good for him. But very, very bad for me. You see, this was the Honest Abe of mechanics, a guy who really took the time to find out what was going on with my car and then made only the requ ...
Even after taking a $10 billion loss from bailing out General Motors, the US government made a net $10 billion profit on its $421.6 billion bailout of the financial and auto industries. -The Wall Street Journal, November 21, 2013 Now, before you get all excited about that... That's only a pathetic 2.4% over 5 years. Not annually but TOTAL. Go figure?!?!
A very good article from the Wall Street Journal about General Motors. Did you know for instance that over recent years both Holden and Ford have lost share to less-costly imported cars, mainly from Asia. Locally made cars now hold 10% of the Australian market, down from about 25% a decade. Which begs the question why prop up an industry that no longer has the demand for its product. Basic economic theory will tell you that when you have too much supply available for a lower level of demand, prices will fall which leads to lower profit. This decision has been years in the making and was not a knee jerk reaction to a text message as Fairfax claimed yesterday. Also General Motors Detroit had already made arrangements to shift the American side of car manufacturing overseas to Taiwan well before the Australian closure announcement
6 major corporations now control 90% of what we read, watch, and listen to. In 1983 90% of American media was owned by 50 companies. These 6 companies are as follows: GE (Comcast, NBC, Universal Pictures), News Corp (Fox, Wall Street Journal, New York Post), Disney (ABC, ESPN, Miramax, Marvel Studios), Viacom (MTV, Nick Jr., BET, CMT, Paramount Pictures), Time Warner (CNN, HBO, Time, Warner Brothers), and CBS (Showtime, Smithsonian Channel, NFL.com, Jeopardy, 60 Minutes). 232 Media Executives control (and manipulate) the information diet of 277 million Americans. That's an audience the size of San Francisco, and that's 1 media executive for every 850K people. Total revenue for these 6 major corporations in 2010 was 275.9 Billion Dollars. That's 36 Billion more than Finland's GDP... enough money to buy every NFL team 12 times... and 5 times the government bailout of General Motors. The big 6 control 70% of cable TV. 80% of radio station playlists are the same, in fact the big 6 own 1,200 radio stations. Th ...
Jude Wanniski przewraca się w grobie: "Major media have drastically devalued journalistic ethics over the years. When I first joined Dow Jones & Co. in 1965, as a reporter for the National Observer, it was made clear that you could not accept ten cents from private enterprise. In 1976, when I was at The Wall Street Journal editorial page, I learned that I could not leave the newspaper and expect to ever return if I took corporate money on any account. In other words, if I left for a year to be a public relations man for General Motors, I would be barred forever at Dow Jones. Because I needed to have time off to write my book, The Way the World Works, the only venue I had was an academic fellowship. This was the only loophole in the Dow Jones system, which had been set up to protect against the slightest appearance of a conflict of interest."
General Motors Co. executives want the Treasury Department to sell its almost 27 percent stake in the company because, they say, the feds are hurting their image and government pay restrictions are chasing away top talent. But Treasury officials aren’t interested in selling because it would mean posting a multibillion dollar loss during an election year, the Wall Street Journal reports. GM officials offered to repurchase 200 million of the 500 million shares the feds hold with “the balance being sold via a public offering,” MarketWatch notes. Government officials weren’t interested in the deal. “At GM’s Friday share price of $24.14, the U.S. would lose about $15 billion on the GM bailout if it sold its entire stake,” the Journal notes. “While GM stock would need to reach $53 a share for the U.S. to break even, Treasury officials would consider selling at a price in the $30s.” But look at it from Treasury’s point of view: What would it look like if they agreed to the deal and posted a m ...
The Wall Street Journal reports today that General Motors executives have asked the Treasury Department to sell its stake in the giant automaker. The administration has refused. Oddly enough, today we also learned that the Obama administration is launching a complaint at the World Trade Organizatio...
The Obama Administration recently filed a case with the World Trade Organization, alleging that China provided at least $1 billion in subsidies to Chinese carmakers from 2009 to 2011. On the same day, The Wall Street Journal reported that if the government sold its 26.5 percent stake in General Motors, it would lose $15 billion. Here is the Obama Administration on China’s auto subsidies: “China’s subsidies distort trade conditions for auto and auto parts manufacturers in the United States by providing an unfair advantage to China’s auto and auto-parts industries.” Here is the Obama Administration on U.S. auto subsidies: “When the President took office, the American auto industry was shedding jobs by the hundreds of thousands and GM and Chrysler faced the possibility of liquidation – which would have caused at least 1 million more jobs to be lost. The President made the tough choice to help provide the auto industry the temporary support it needed to grow and prosper.” What’s behind this ...
Remember that Romney is an investor/financier, not an entrepeneur. His record at Bain Capital, according to the Wall Street Journal, has a failure rate double the national average during his rein: "22% either filed for bankruptcy reorganization or closed their doors by the end of the eighth year after Bain first invested" See this link to WSJ: certainly needs financiers, but don't confuse the two. His first impulse was to let General Motors and Chrysler go bankrupt at a time when there was no investor money available to reorganize operations of that size - even Bain Capital refused to invest in a reorganization of our auto industry (which is doing quite well now). As an investor/financier Warren Buffet has been roughly 200 times more successful than Willard Romney, and doesn't claim to be the creator of jobs the way Romney does. Willard's actual job creation as Massachucetts governor was in the lower 10% of the nation during his tenure. I had high hopes for Willard till I saw how he's run his campaign fro ...
Eminate-domain power is being considered by some California cities as a way to turn around the housing market.  The Wall Street Journal writes about it today. At first glance, it might sound really good.  It reduces the principle down to current home values and allows  upsid...
A report in the Wall Street Journal has made it known that General Motors (GM), a company that wields a massive advertising budget, intends to cease paying for advertisements on the ...
Karl Rove: Obama's Public-Equity Record - KARL ROVE President Barack Obama's re-election organization is spending a lot of time attacking Mitt Romney over his careers in venture capital (investing in start-ups) and private equity (investing in troubled or failing businesses). To reporters at Bloomberg Businessweek, Obama senior campaign adviser David Axelrod recently ripped Mr. Romney for "leveraging companies with debt, bankrupting companies and making money off of those bankruptcies . . . [that] cost jobs and certainly wages and benefits." And an Obama campaign briefing paper says "Romney closed over a thousand plants, stores and offices . . . cut employee wages, benefits and pensions . . . laid off American workers and outsourced their jobs to other countries." The president is guilty of the same alleged sins. The Obama administration, after all, forced General Motors and Chrysler into Chapter 11 bankruptcy in 2009 and then capriciously ordered thousands of local dealerships closed. The auto industry b ...
Thanks to a “sweetheart” tax deal worked out between General Motors and government, the Detroit auto manufacturer won’t have to pay $45.4 billion in taxes on future profits, according to recent reports from the Wall Street Journal and CNN Money. As it turns out, not only did the feds give the failin...
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