Autos getting hit on chip shortage. Ford announced it plans only half the amount of production in Q2 thanks to chip shortage. Does that mean layoffs when the plants are idle?
GM looking bearish...
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Autos getting hit on chip shortage. Ford announced it plans only half the amount of production in Q2 thanks to chip shortage. Does that mean layoffs when the plants are idle?
GM looking bearish...
Another 4.5 million shares unloaded by Canada Development Investment for a profit of $149.6 Million. Previously they sold 30 million shares for nearly $1 Billion on 11/23. Not to mention the UAW...
Job losses of 25% since the bailout.... that could qualify as a post under the Deflation Thread, but this article specifically hammers GM. How sad is it that this IPO will get UNLOADED to...
Then (2007):
Blackstone IPO
http://www.marketwatch.com/story/blackstone-ipo-is-the-smart-money-cashing-out
Now (2010):
GM IPO
http://www.reuters.com/article/idUSTRE6496TK20100510
I don't know if that's a sarcastic mosaic or a yippee Ki-yay billboard, but let's look at the fine print.
...
Subsidize more, sell more fleet sales (government Malibu's), get those folks who bought 5 months ago to trade up at their 6 month anniversary to a brand new car, open an IPO, throw the 'new GM' stock...
What would they do without gov't... err I mean fleet sales?
What will they think of next, the 30 year auto loan?
Has anyone ever seen a car dealer or home Realtor come out and say, "Save...
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