Tag Archive | "GM"

The Roundup September 28

The Roundup September 28

Maybe the Chinese can build an environmentally friendly Hummer, a “bold chihuahua,” maybe . . .” Even the Chinese hate Hummers The Hummer brand, however, could be on the road to extinction if GM cannot soon finish a deal with China’s Sichuan Tengzhong Heavy Industrial Machinery, the only bidder for the controversial brand. . . [...]

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The Roundup August 11

You don’t become a billionaire by thinking “free” is a great way to make money. “Quality journalism is not cheap, and an industry that gives away its content is simply cannibalizing its ability to produce good reporting,” Murdoch said during a call with analysts and reporters. The Wall Street Journal, which he owns, is one [...]

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The Roundup August 10

The Roundup August 10

Buy it now! (Don’t see it, don’t drive it, don’t kick the tires, just click and it’s yours!) This isn’t the GM your father knew. About 225 of California’s 250 GM dealers are set to take part in the program. They will be selling Buick, Chevrolet, GMC and Pontiac vehicles on cobranded Web sites through [...]

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The Roundup July 11-12 What They’re Saying

The Roundup July 11-12 What They’re Saying

Venture capital funding is down 82% this quarter, but Marc Andreeson throws $300 million into the pot. Andreeson, Marc: “The cash machine is now open.” In one of the worst recessions ever, Andreeson and his long-time business buddy, Ben Horowitz, open up a new VC shop with over $300 million in funds. Turns out that [...]

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The Roundup July 10

The Roundup July 10

Your local bank will happily lend you a few cents. That’s why they’re called small business loans. Now we’re talking recovery. The Obama administration is developing an initiative to take money from the $700 billion rescue program for the banking system and make it available to millions of small businesses, which officials say are essential [...]

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The Roundup June 18

The Roundup June 18

Ford unveils its new hybrid. Get ready for Bailout 3: Found On Road Dead With GM (GMGMQ) and Chrysler using the bankruptcy process to shed much of their own debt cheaply and quickly, Ford has gone from the automaker with the most cash on hand to the one with the most debt on its books. [...]

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The Roundup June 9 Madmen edition

Craigslist is about to turn 100 this year! Classified and community site Craigslist is on track to generate $100 million in revenue this year, according to estimates by AIM Group/Classified Intelligence. The number is a 23 percent increase from 2008 when the group pegged Craigslist’s revenue at $81 million. When the AIM Group began estimating [...]

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The Roundup June 5

He can sell cars, but can he make ‘em, too? I’ll betcha a hundred he can — better than GM, in fact. General Motors Corp. this morning announced a tentative deal for renowned Detroit businessman Roger Penske to acquire GM’s struggling Saturn brand and distribution network. . . . Saturn will be wholly owned by [...]

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The Roundup May 15

And speaking of the evil that Google does . . . On Monday, FPX filed a class-action suit against Google in federal court in Texas, saying that Google had infringed on its trademark and challenging Google’s policies on behalf of all trademark owners in the state. Legal experts said it was the first class-action suit [...]

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The Roundup May 13

And now, it’s the auto dealers’ turn. As many as 1,500 dealership contracts will be selectively pulled by the automaker because the dealerships are poor performers or because they are in locations already saturated with dealers selling the same brands. (“Auto dealer cuts: Painful surgery,” CNN Money, May 13) Many folks are confused how cutting [...]

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The Roundup May 8 Madmen Edition

Since the auto industry is the number one media advertiser in the world, there’s alot of madmen who are going to get really mad when GM and Chrysler go bankrupt. In Chrysler’s Chapter 11 filing last week, Omnicom Group’s BBDO Detroit is listed as its second-largest unsecured creditor, owed $58.1 million. It’s believed, however, that [...]

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The Roundup April 27

And I mean it. Final. The final final. The absolutely last final. Positively no more after this final. Until the real final final final. The new GM that would emerge from the restructuring would be 89 percent-owned by the U.S. government and the UAW, provided workers and officials approve the plans. [The bondholders would own [...]

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The Roundup April 24

I said spend the $5 million on Norwegian Quantum Mechanics classes and I meant it. Financially strapped colleges are angering their benefactors by selling school radio stations, auctioning Georgia O’Keeffe paintings and dipping into endowments for purposes their donors may not have intended. . . . As schools struggle more than they have in decades [...]

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The Biz Roundup April 21

Yahoo! starts its long slow transformation into Yeahsowhat? Yahoo Inc. posted a 78% quarterly profit decline as the recession hit its slumping advertising business and the Internet company said it would eliminate about 675 more jobs, or 5% of its work force. The Sunnyvale, Calif., company was hurt across the board as companies scaled back [...]

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Our business strategy is a movie . . .

Apple ::: Weekend At Bernie’s Apple goes to desperate lengths to prove that Steve Jobs is still breathing. The board promises all the rest of us that we will “know” when Jobs becomes incapable of performing his job, but they don’t tell us exactly when we’ll know. Once Jobs starts showing up with sunglasses and [...]

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The Biz Roundup 12-7

Christopher Dodd says Wagoner must go. Barack Obama says it’s time to put an end to decades of “head in the sand” management at GM. GM (Got Money?) replies, “What head? We got a head?” :: In a statement, a GM spokesman said the company “appreciates” Sen. Dodd’s comments but added GM’s employees, dealers, suppliers [...]

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One More Reason to Let The Big Three Go Bankrupt

I can’t say it any better than Mitt Romney did in the November 19 NY Times, and he should know, because making desperately sick companies into mightily profitable ones is what made him a gazillionaire. Money quote: Detroit needs a turnaround, not a check. In all the discussion about the GM, Ford, and Chrysler bailout, [...]

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The Biz Roundup December 2

Did I say $10 billion? Actually, I meant to say $18 billion, sorry, really, for the misunderstanding. :: “Of that $12 billion, GM wants $4 billion this month. In addition to the $12 billion, GM wants another $6 billion line of credit in case the market gets even worse.” But the car wash is free. [...]

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