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Tag Archives: GM

Government Motors stock price now below IPO

Suckers!

Who knows though. Time to buy is when no one else wants something.

Still, it is gratifying to see GM, that beast of crony capitalism, struggling with its stock price. Given the option investors are choosing to put their money, even the funny money running through markets today, elsewhere.

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John Deere (and GM) says you don’t really own any vehicles bought from them, You only have “an implied license for the life of the vehicle to operate the vehicle.”

That’s right. You may have paid $100,000 or more for that new tractor, but guess what? Since the software DNA, the alleged “intellectual property” of John Deere is embedded in the thing, you actually do not OWN the vehicle. It’s still John Deere’s even if the vehicle is paid off, at least the guts of the beast.

In other words if you want to mess with the code within the tractor, and GM is arguing the same thing for its cars, you – according to the John Deere and GM lawyers – are potentially violating copyright provisions. Violating the law. Even if you are only trying to repair the vehicle you own. (Or at least thought you owned.)

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Court Lets Government Motors Keep its Liability Shield and Screw Over Crash Victims

Government Motors is a big black hole of dysfunction. People forget that prior to the 2008 Crash people referred to GM as a healthcare company which just happened to make cars. A pension crisis loomed like nobody had seen too.

Then, poof. World goes into a depression and the union workers get their healthcare and pensions taken care of. Funny how that worked.

GM should be dead and the world would be better for it. Its bailout (along with the big banks) is a disgusting chapter in American history. And as we see in the article attached the bailout continues.

(From Reason)

“This ruling padlocks the courthouse doors. Hundreds of victims and their families will go to bed tonight forever deprived of justice. GM, bathing in billions, may now turn its back on the dead and injured, worry free.”

Click here for the article.

Georgia car dealer cartel tries to cut out Tesla (Because it has a better business model)

Sometimes I feel there is little to like about the American auto industry. It is a crony institution from top to bottom. From senior management to the union line guy everyone has an angle. Consider why it is that the price of cars always goes up. Why don’t TVs do this? Or computers? Cars today are just rolling computers with seats, and yet every car goes up in price each year while other types of technology generally trend down over time. I submit that it is because the auto industry is structured poorly (from the consumer perspective) and dealerships are a classic example.

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Report cites “utter incompetence”: As Recalls Mount, Was It Worth Bailing Out the ‘Old GM’?

No it was not. There are a few union members who made out like bandits and a few more senior managers who got to keep their very generous pensions. It was worth it for the president because he was able to sway Michigan and Ohio by convincing people the auto bailout was for them. But for the rest of us, the world would be better off if GM had died in 2009.

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How GM betrayed its customers

We’ve said multiple times that GM is a company which deserved and deserves to die. It is a shame that this company still treads the earth along with the rest of the herd of bailout dinosaurs.

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Another Government Coverup To Protect GM?

GM at this point should be GMC, Corvette, and Cadillac. These make make sense. There are customers for them and the quality of the cars is nearly that of Japanese and German autos. Cadillac particularly has made tremendous strides. It’s no Mercedes Benz or even BMW, but it has gotten consistently better over the last 10 years. The bumpers don’t fall off anymore. (Remember the Coupe Deville?)

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