May 22, 2009
The US Government has finally accepted the inevitable and is preparing to put GM into bankruptcy protection next week, to complete a major restructuring. The American people will own over 50% of GM Gen II. The time taken to reach this point is both good and bad; at least it has given the European subsidiaries [...]
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May 17, 2009
A previous blog post spoke about Saab and a wish that one man with some vision would come to the fore with the financial clout to keep the unique manufacturer afloat. Seems like this might happen. A report in todays Times says that “Wall Street veteran” (what does this really mean) Ira Rennert is trying [...]
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