General Motors

Now that it has emerged from bankruptcy and received free money from the Federal Government, General Motors is seriously thinking about keeping Opel by raising capital.  The German government has been urging GM to make a decision about…

Roland Koch, the leader of the German state of Hesse, has dismissed the possibility of Chinese auto manufacturer BAIC acquiring German carmaker Opel.  Below is my translation of today’s Spiegel article explaining this. Clear rejection of…

Judge Robert Gerber has given General Motors approval to sell its assets under section 363 of the bankruptcy code.  Last month I indicated that this 363 sale was more questionable than Chrysler’s and could meet more resistance in…

Apparently, the U.S. auto industry is working off a significant backlog of inventory because I have been hearing that pretty much everyone in North America is planning to ramp up production for the third quarter.  This is prima facie…

I am re-posting this February article because it is clear that many of the policy dilemmas Barack Obama is now facing on the economy were wholly predictable. In this post and another from January, I argued that it was better to have zero…

We have just learned that Fiat has successfully completed its deal with Chrysler.  This means that the bankrupt ‘Old Chrysler’ will now have far fewer cash and assets available for creditors and that it will be liquidated with large or…

The number of persons filing an initial claim for unemployment insurance in the week just ended May 30 declined to 621,000 from 625,000 the prior week.  In addition, the number of persons still receiving unemployment insurance dropped to…

FT.com - Australia GDP rises 0.4% in first quarter "Australia has defied international trends to record a 0.4 per cent rise in gross domestic product for the first quarter compared to the same period last year, with economic growth…

Welcome to June. Here are today's links. Susan Boyle, U.K. Talent Show Loser, Rushed to Clinic, Sun Says A break from the finance news for a little celebrity culture trivia: "Susan Boyle, who was runner-up in a U.K. television talent…

Anglo Irish gets aid from Dublin 4 billion euros is a lot of dosh. The Irish banking crisis is obviously not over. Eurozone inflation at record low - BBC News "Prices in the eurozone stopped rising in May - with the annual…