Archive for June, 2009
The usual suspects
Let’s take a trip back in time – and see that the ‘big three’ – J.P.Morgan, Ford and Rockeller were doing then what they have finely honed to near perfection now – the art of looking after number one..
Many have come along with brilliant ideas – ways to change the world for the better – and that could not be better epitomised than the life of Nikola Tesla
GM agrees liability for ‘old’ GM claims
In the face of opposition to GM’s plan to free it from liability from pre-chapter 11 GM vehicle defects, they have now caved in and agreed to ‘assume all products liability claims’ regardless of when the vehicle was purchased.
A hearing is due on 30 Jun to determine the restructuring plans and possible emergence from bankruptcy – the goverment (taxpayer???) holding 60.8%, 17.5% United Auto Workers Trust and 11.7% by the Canadian taxpayer…
Could it be Ta Ta to Tata?
At first glance it might appear to have just been bad timing – spending $2.5Bn to buy Jaguar and Land Rover from Ford, the only manufacturer to still be surviving the downturn.
Tata, India’s largest auto maker, has reported losses of $522m for the 10 months it has owned Jaguar (sales dropped 4% to 47,000) and Land Rover (sales dropped 39% to 127,000) to March 2009