For over a year now, General Motors has lost quite possibly tens of thousands of customers, people with not the best credit rating who can afford to buy a car, but need some assistance with their financing. Ally Financial GMAC, once a wholly-owned GM entity and, later, partly owned by Cerberus Capital Management and GM, [...]
You may not hear anyone make the audacious claim that the Toyota Motor Corporation is in its twilight years despite recording a multi-billion dollar loss at the end of its last fiscal year, or because the automaker is currently embroiled in an engineering and publicity nightmare involving faulty accelerator pedals. That latter problem has led [...]
Just months after being pushed through corporate bankruptcy and while still in the midst of an incomplete and painful restructuring, GM CEO Ed Whitacre has made a startling pronouncement: GM expects to make a profit in 2010. Meeting with reporters yesterday in Detroit, Whitacre acknowledged that the company has several obstacles to overcome, but he [...]
on Is The Dodge Magnum A Lemon?
