What GM’s ads don’t say: Taxpayers will take a loss on this bailout
posted on April 26, 2010 at 10:30 am
So what about the rest of our money?
Today General Motors is running ads patting itself on the back for repaying its taxpayer loans.
“We’re proud to announce: We’ve repaid our government loan. In full. With interest. Five years ahead of the original schedule.”
Absolutely true. As far as it goes. Read more
The U.S. is now only the second biggest auto market in the world
posted on January 11, 2010 at 1:28 pm
China is now the biggest auto market in the world.
In 2009 sales of passenger cars, buses, and trucks grew by 49% to a total of 13.6 million units. With U.S. sales falling 21% in 2009 to 10.4 million that pushed the United States to No. 2.
Three things you should know about the Chinese auto market as you start looking for a play on the growth in this market. Read more
