Deepening gloom at General Motors

Where are the leaders on a daily basis. This company needs some real "hands on" leadership to survive.

In February, I did an article raising the question of a possible automaker bankruptcy. At the time it didn't seem that things could get much worse in the auto sector. Guess what.....they did. With all of the automakers burning through cash at unprecedented rates, perhaps its time to raise the question again.

Expensive oil, high current und past employee pension and medical benefits are there killers stalking the US automobilie makers. Effectively, the Big Three already belong to their respective pension fund. The stock is only a very, very leveraged option at this point. The failure to adjust the business model is actually a decision to exit this industry in the long-term. A merger...

The market capitalization of the Detroit Two (Chrysler having been privatized by Cerberus is no longer a public company with a transparent market 'cap.') is a grand total of less than 20 billion dollars with GM accounting for an astonishingly tiny 8 billion of that.   Toyota, which is in fact the world's largest viable car company due to the fact that its profit alone is more each year than...