Posts Tagged ‘Automobile Industry’

Car-mart: trade that goat for a used car?

December 21, 2008

Yep, according to a news report about the company’s opening a new dealership, the Chairman of Car-Mart said they would accept a farm animal as a trade-in for a car.  The article also re-iterates the “buy-here/pay-here” dealership model.  Each dealership is responsible for its deals which makes sense in a poor economy and they need to act quickly to local economic conditions. 

As I said in my previous post about Car-Mart, what is promising is that the company has a structure that allows it be flexible and adapt to economic changes.  Kudos Car-Mart!

GM’s Pathetic Begging for $$$

November 18, 2008

I’m not automatically against the automaker bailout.  I do think its a linchpin of the American economy and if AIG and the banks deserve bailouts, I can see a rationale for GM and the others.  HOWEVER, this video produced, I assume, by GM makes me angry.  See it yourself.  I’ll give my thoughts in the next entry.

General Motors:Using SEC filing to beg

November 13, 2008
Hummer anyone?  Keys are in the ignition

Hummer anyone? Keys are in the ignition

Here is what GM say in its most recent 10-Q: (thanks footnoted.org)

“We do not believe it is likely that these adverse economic conditions, and their effect on the automotive industry, will improve significantly in the near term, notwithstanding the unprecedented intervention by the U.S. and other governments in the global banking and financial systems.”

More $$$ please!

Dan Quayle?

October 24, 2008

“Dan Quayle offers hints about possible Chrysler-GM merger”

Should Sarah and her buddy John lose the election, maybe she can join Dan on the corporate insider track.  Halliburton VP for Communications perhaps?