The wave of the future is not the conquest of the world by a single dogmatic creed but the liberation of the diverse energies of free nations and free men.
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No witty headline needed. It is what it is: US giant General Motors will invest $540 million to produce two low-emission motors in central Mexico, the company announced here Thursday, accompanied by President Felipe Calderon. The latest project for GM in Mexico would create 500 direct and another 500 indirect jobs in its plant in Toluca, [...]
All I’ve heard since last week was how the woefully underfunded Cash for Clunkers program needed another $2 billion to keep it going. This had to be done RIGHT NOW since it was such a wildly successful program. I heard more than one analyst tell me it was a key cog to kicking the economy [...]
OK, here’s the scenario. GM runs into problems, asks for a bailout. At first, the feds just hand them a bunch, stating they’re too important to fail since they saved us during WWII and all. Then, they came back. This time the new feds said, well, not so fast. We need to know what you’re [...]
During the recent debate over whether or not to give US automakers a loan, bailout, or any help at all, the Big Three were constantly trashed for poor management. Our entire system of making cars was put under scrutiny, with the unions taking a huge brunt of the assault. A lot of people argued for simply [...]
That’s the argument being made today after the collapse of the Big Three bailout. For the record, it came because UAW refused to bargain. Now, this argument is so bogus it’s amazing. People are actually debating this issue as if it’s fact. One of the states being singled out is Kentucky because of Mitch McConnell. [...]
I read an article by Marie Cocco of the Washington Post in RealClearPolitics. it just confounds me. Per Marie: Unions aren’t the problem. They are the solution. ….. Creating a viable middle class has been the goal of organized labor since labor first became organized. And it is this goal that was abandoned outright by [...]
While Ford, GM, and Chrysler fly expensive jets to beg for money to keep the UAW happy so that they’ll keep contributing millions to the Democrats from the Big Three’s billion dollar losses, a minor fourth ceased existance this week. That’s right, the Yugo is no more. This tiny, ugly, and unreliable car existed [...]
This is getting comical to me. Harry Reid postponed a automaker bailout vote. This has apparently spooked the United Auto Workers. Where it gets comical is this part: Alan Mulally, the CEO of Ford Motor Co., said the company had sufficient cash reserves to make it through 2009. But: But United Auto Workers union president [...]
In 1979 the US government bailed out Chrysler. It was a resounding success as Chrysler restructured, cranked out new and innovative vehicles, and paid back the loan in four years. In 2008, Chrysler, GM, and Ford are back at the begging table for another bailout. In 1979 I was a teenager more interested in babes [...]
This is becoming somewhat of a routine it seems: GM said it will nearly exhaust its cash cushion by year’s end, leaving barely enough for day-to-day operations through the first half of 2009. It said it has ended merger talks with Chrysler, delayed future product plans and cut benefits. But it said those measures may [...]
