On the $GM IPO Debacle, Part I (of likely several)
Just a warning, this is a rant, and as such, it is going to be stream-of-consciousness and likely rambling and at times borderline incoherent. That being said, here we go: The argument today on CNBC...
View ArticleOn the GM IPO Debacle, Part II
In part I, I explained that even if the online/discount brokers (that serve “everyman,” apparently) had gotten allocated GM IPO shares, no matter what Treasury said about every American having access...
View ArticleShort Story: Why I'm Skeptical About GM
I tweeted this earlier but for those who missed it, let me throw out a few reasons why I don’t buy the “hype” behind the GM IPO/”successful” restructuring/turn-around, in no particular order....
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Translating Corporate Speak: Fiat/Chrysler Edition
Fiat/Chrysler Honcho Sergio Marchionne is just as full of shit as his peers at GM were. He claims that the firm’s #1 goal is to refinance their debt to the U.S. and Canadian Governments with private...
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General Motors Has Profitable 2010, Hurray! But Wait, There's More…
Yay, GM posted 2010 net income of positive $4,668 billion! Detroit is back, baby! Oh, what’s that? 28% of 2010 EBIT (earnings before interest & tax) came from just the 3rd quarter of the North...
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BMW to UAW: You Suck
This commercial from BMW is an awesome F*CK YOU to the UAW and all unions. While the Big 3 were all in bankruptcy and getting federal bailouts, BMW spent a billion dollars expanding a plant in South...
View ArticleAmericans Still Don't Like Small Cars.
The Atlantic has generously accepted the second part in my series examining the U.S. automotive market and the drivers thereof. You can read it here, “Americans Still Don’t Like Small Cars”
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