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more about #carpocalypsenow more comments → If FromaBuick6 has to watch one more Chevy commercial, he's going to punch Howie Long in the face: Boom! The narcissistic arrogance of Barack Obama strikes again. Maybe that's a little unfair, because I can picture Dubya making the same ridiculous... more » pres: I told you, Idiocracy is coming true. more » Van Sarockin, rogue trebuchet: Dude, that wasn't Jackie Chan you just decked! more » lilwillie: more » Pew Pew BOOM: So he did my brother? WTF!!!! more » mr_dude: I imagine the negotiation started with a, "We don't blame you, but..." more » snapoversteer 'bout to get told: So, this would make the third trade war he has started in the midst of a recession? Can he possibly get any more brilliant? more » pauljones: I'm so going to buy a Silverado just to piss my neighbor off. more » RachelSklar: See, THIS is why I don't drive! more » mechimike: I think the only reason GM's able to start paying back the loans so quickly is simply they borrowed more than they needed to. Probably so they could ... more » lilwillie: Politics is like a piss poor Magic show, not only is the show bullshit, even the slight of hand by both sides use is complete bullshit. more » smalleyxb122: Incorrect. The cars are commodities, of which none are sold for less than the price of materials, therefore any monetary loss is associated with labo... more » brandegee: Quick. Everyone buy an Aveo just to spite the taxbuyer. "Look at this! Look at it! Yeah, that's right! This pile of misery cost you 12 Grover Clevelan... more » Alfisted: Compared to how much each Tesla will cost us, this is a bargain. more » Brimful of Ash on the 78: Another brilliant treatise from our friends at the Facepalm von Mises Institute. more » -
#carpocalypse
Obama Goes "Boom-Boom Pow" On South Korean-U.S. Auto Trade Agreements
President Obama asked South Korea yesterday to renegotiate auto trade clauses in the South Korea-U.S. Free Trade Agreement due to vast differences in scale of auto exports between the two countries. More » -
#carpocalypse
STUDY: Each New GM Vehicle Costs Taxpayers $12,200
A study by the obviously pro-government National Taxpayers Union claims each new GM vehicle costs the average taxpayer $12,200. Their bizarre assumptions and our analysis below. More » -
#ifeelgassy
Aptera Co-Founders Step Aside, All-Electric 2e Delayed Until 2010
Earlier this week former Tesla spokesman Daryl Siry, writing for Wired, reported small electric automaker Aptera's co-founders had been shoved out amid financial turmoil. Popular Mechanics quickly retorted back they were just "on vacation." Looks like Wired was right. More » -
#carpocalypse
Why Do Republicans Hate American Automakers?
A German company is battling with a Japanese one to become the world's biggest automaker. Italians own Chrysler. It's like World War II except we're losing. So why are Republicans suddenly on the side of the automotive Axis powers? More » -
#carpocalypse
Hummer Plans H4, H5 Amid Uncertain Future
Hummer is being sold to China's Sichuan Tengzhong Heavy Industrial Machinery with production of current generation vehicles to be carried out under contract by GM. Moving forward, Hummer's new Chinese leaders plans to get smaller with an H4 and H5. More » -
#carpocalypse
"New" GM Drops Totally Useless Financial Results
The "New" GM released a quarterly "preliminary managerial result" this morning and despite being not in any way comparable with the pre-bankruptcy GM, they're certainly illustrative of the enema-like cleansing effect of bankruptcy. More » -
#carpocalypse
GM To Begin Paying $6.7 Billion In Loans Ahead Of Schedule
The "New" GM will try to play the Lee Iacocca PR card by repaying $6.7 billion — of a total of $50 billion in government loans — ahead of the scheduled repayment date of July, 2015. More » -
#carpocalypse
Daily Show: Cash For Clunkers Killing "$14 Billion" Demolition Derby Industry
The Daily Show took on Cash For Clunkers last night for hurting the "$14 billion" demolition derby industry. Their chart's striking in thatAmericans are eating more beetswe thought corn-dogs were a larger part of the economic pie. More » -
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#carpocalypse
GM Chairman Asks U.S. To Pay Auto Execs More Money
We made fun of GM Chairman Whitacre's speech yesterday in Seguin, imploring him to make some news. He did. He asked for the Feds to help out (other than by providing billions of taxpayer dollars) by modifying executive pay caps. More » -
#carpocalypse
Ed Whitacre: GM Chairman, Shameless Self-Promoter
GM's new chairman Ed Whitacre first made a splash pointlessly starring in a new GM commercial. Now GM's been forced to send out a release about an unimportant speech the Chief Self-Promotional Officer's giving at Texas Lutheran University. More » -
#carpocalypse
Indiana Ford Dealer Commits Suicide In Office
Richard A. Burd, owner of Burd Ford in Central Indiana, was discovered dead in his office this morning in what police are calling a suicide. His wife Christine, who stars in the dealership's commercials, found him dead on a couch. More » -
#ifeelgassy
Chrysler Kills ENVI Electric Car Program, Shocks No One
Remember the fake electric car program Chrysler showed off earlier this year in a transparent attempt to get bailout money? Fiat just canceled the entire ENVI program. So predictable. Frankly, we're more shocked Chrysler still exists. More » -
#rants
NYT Encourages Demolition Of Detroit
The latest idea-that's-been-around-for-a-decade-and-the-media-is-just-discovering is urban farming, specifically urban farming in Detroit. The New York Times has picked up the story and dutifully regurgitated it without a half-second of rational thought, advocating the wholesale leveling of the "failed city" of Detroit. More » -
#carpocalypse
The New New Chrysler Is The Old Jeep
It seems like just yesterday we heard about the "New" Cerberus-run Chrysler. That didn't work. Today we're in Auburn Hills, MI to hear the five-year plan of the even-newer Fiat-controlled "New" Chrysler. This oughtta be good. What to expect, below. More » -
#carpocalypse
GM Board Says, "Screw It, We're Keepin' Opel"
GM's decided — since business is apparently going so well — they now want to keep Opel. So let's get this straight — kill Saturn, and now keep Opel? Sure. Whatever. Full press release below. More » -
#planelopnik
Little Local Bank Still Has Bigger Private Plane Than GM, Chrysler
The bankrupt-and-hand-tied Detroit duo of Chrysler and GM are still unable to own private jets, so this little FirstBank-rented prop plane's still bigger than anything they've got in Detroit. Well, unless you're Ford. They've still got 'em. [NYT] -
#carpocalypse
Ford Posts $997 Million Profit, Still Down $1.3 Billion This Year
Ford's reporting a net income of $997 million, or 29 cents per share this quarter, an improvement of $1.2 billion from third quarter, 2008. So what? They're still in the operating red by $1.3 billion this year. Analysis below. More »
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#carpocalypse
Ford Gives China's Geely "Preferred Bidder" Status For Volvo
Chinese automaker Geely is Ford's preferred bidder to purchase Volvo. Ford CFO Lewis Booth, as you'll see below, is particularly excited about the prospects and not at all worried about the possibility for General Tso-flavored Swedish meatballs. More » -
#carpocalypse
DeLorean Solstice In Doubt After Fisker Buys Old GM Plant
News of Fisker buying GM's shuttered Wilmington Assembly plant is good news for Fisker, but bad news for the DeLorean Solstice, which the new DeLorean Motor Company hoped to build at the plant. More » -
#carpocalypse
REPORT: The Not-So-All-New Chrysler, Dodge, Jeep And Alfa Lineup!
One week before Chrysler's planned media unveil of Fiat's future plans for Chrysler, The Wall Street Journal's reporting nine current vehicles will be axed from the lineup and one Chrysler plus three Alfa Romeos will be added. Full list below.
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