Tag: GM

What Goes Around, Comes Around?

Posted on by

G.M. (27% owned by the federal government) is close to making a bid on Ally Financials’ (74% owned by U.S. Government; 9.9% owned by G.M.) Latin American and European Operations, according to the Wall Street Journal

So will the money G.M. uses be from its corporate performance or will it be a  “Wash Sale” – a return of Government monies?

Hmmm?

It sounds like money laundering  if you or I did it, but they have lawyers and stuff so it must be okay, Right?

Enron power barges.

Nigerian Barge Scam.

Here’s my suggestion of a logo:

Parts of Ally Financial owned by US Government and GM (which is part owned by the U.S. government) will be sold to GM to pay back the U.S. Government?

If you can figure out why  GM’s repurchase of  some of Ally operations from the U.S. Government to pay back the U.S. Government, while GM is still owned in part by the U.S. Government, is NOT Money Laundering, please let me know…

Logo idea

Laundry

Enron Power Barges

September North American Auto Data Encouraging

Posted on by

According to Wards Auto World, the current Seasonally Adjusted Annual Rate (SAAR) for Light Vehicles is 12.5%.

Chrysler’s volume January – September was up 22.9% from 816,824 a year ago to 1,004,123.

That’s a lot of imports from Detroit.

Ford’s volume January – September was up 11.0 %, from 1,419,098 last year to 1,575,699.

GM’s volume January to September was up 16.3% from 1,634,884 a year ago to 1,902,150 by end of September 2011.

The light vehicle market is one of the markets most heavily served by PMPA member shops, and the Big Three mentioned above are particularly important indicators for our industry:

64 % of US production was from these three companies through September.

FYI  recent SAAR:

  • 2007- 16.1 million
  • 2008- 13.8 million
  • 2009- 11.9 million
  • 2010- 11.55 million

This year’s additional 1.2 million is helping to keep many precision machining shops busy.

Logo