If you had envisioned yourself putting in a winning bid and skipping to the front of the line on a 2011 Chevrolet Volt on eBay, this news is not good. GM has decided to not extend the program into October, effectively ending the experiment last Wednesday, September 30th.
In a totally unrelated matter, I have [...]
It’s hard to believe, but we are finally here, the light at the end of the tunnel has arrived; its the first full day of the new post-bankruptcy GM. After 8 months of intensively following the company’s fall from grace, it’s all over, they are saved. Now we can get back to business [...]
GM has 15 days to meet a government deadline to successfully restructure or else enter bankruptcy restructuring proceedings. Chrysler has already been in bankruptcy court since May 1st.
A major element of restructuring for both companies is the ability to eliminate excess dealerships. Maintaining too many dealers in a much smaller market than it used [...]