Tag Archives: General Motors

Yesterday General Motors ran this oddly affecting clip thanking Americans for bailing them out of bankruptcy.

The last Pontiac was manufactured in August 2009, but it wasn’t until yesterday that the contract to sell the 84 year-old line expired at General Motors dealers nationwide. GM will honor Pontiac warranties and dealers will continue to service them, but as of today any unsold 2010 Pontiacs are considered used. The photo above is the 1973 Pontiac LeMans, my …

Have you seen the below ad from General Motors claiming that they’ve repaid their loan from the federal government “five years early and with interest”? Yeah, not so much. Lawmakers, and even the inspector general for the bailout fund GM borrowed from, point out that General Motors only repaid the bailout money by dipping into a separate pot of bailout …

Rep. Michele “Crazy Eyes” Bachmann says the president and Barney Frank are a “gangster government” because the federal bailout of General Motors including closing some dealerships. Because it would been better to let the company go bankrupt and close ALL the dealerships.

General Motors will get another $30B in bailout loans as it steers the company into bankruptcy next week. The Obama administration is preparing to send General Motors into bankruptcy as early as the end of next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink …

Today General Motors announced that they will be discontinuing the Pontiac line next year as part of their plan to stave off bankruptcy. “The objective here is not to just survive but to come up with an operating plan that will allow us to win,” Chief Executive Fritz Henderson said Monday. The U.S. Treasury will extend an additional $11.6 billion …

These days when the president tells you to resign, you do it. The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said. On Monday, President Barack Obama is to unveil his plans for the auto industry, including a response to a request for additional funds by …