aFlickringLight

The Auto Industry – Served

Facing increasing pressure from Congress and the American people, the auto industry is having to start cleaning up its act. It has been given a December deadline to regroup and approach Congress with a detailed plan, one that outlines drastic restructuring and operating measures and one that offers some definitive answers to lawmakers how money from a potential bailout package will be spent. Below is a poll from OrangeCountyGasPrices.com on consumer reaction locally to the possible government b...

GM Stock Now a Joke

Will there be a Sequel for General Motors Corporation (GM)? Its stock dipped to dangerously low levels today, trading under $3 for a short period before closing at $3.06 for the day. Investors are concerned over the looming possibility of bankruptcy as GM’s cash balance nears below the needed amount to operate month-to-month. Updated 11/26/08 - with stock chart YTD: General Motors Corporation’s (GM) stock has seen dropped significantly Year-To-Date (YTD), trading as of press time between $4 an...

At What Cost?

As the “Big Three” teeter with collapse, three million workers around the nation face the looming possibility of job loss. They have not seen economic success in several years, and are treading dangerously close with having no financial capital with which to operate their respective companies. Why? They have resisted change. Body designs, amenities, and features in automobiles certainly have changed in recent years. But the business practices have remained largely the same. Japanese and other f...

Where’s the Responsibility?

Banks, financial institutions, AIG, American Express, and now, the auto industry. What’s being called “The Big Three Bailout,” the major three auto manufacturers have been visiting Washington, pleading Congressional leaders for a share of the bailout which has become a trend of late. How much money are we talking about here? $25 billion shared amongst General Motors (GM), Ford, and Chrysler. But unlike the $700 billion financial banking bailout that the government began dishing out a couple of...