By PUMA Pundit on July 21, 2009
Great to know that the Czar of Czars, Barack Obama has decided to revoke his warranty on GM and Chrysler cars… I wonder how this will play out long term. Ron Bloom, who heads the presidential auto task force, also said the administration had ended its program to guarantee warranties on GM and Chrysler vehicles [...]
Posted in White House | Tagged barack obama, car czar, chrysler, general motors, gm, ron bloom
By PUMA Pundit on May 20, 2009
Something is terribly wrong with a dynamic where people who are successful are being rewarded with government mandated failure, and people who are failures are being rewarded with government mandated success. We saw this coming before Obama was elected, and now it is coming to pass. It is a shame that in the United States [...]
Posted in Economy | Tagged barack obama, chrysler, Melbourne Florida, robert mugabe, sunshine dodge-isuzu, zimbabwe
By PUMA Pundit on April 1, 2009
We all know that the reason US Automakers can’t compete is because Detroit’s cost of producing an automobile is about $2,000 more than the cost of producing one with a foreign name brand. We also know that this cost is as a direct result of the concessions the United Auto Workers (UAW) Union has forced [...]
Posted in Featured | Tagged 1935 wagner act, 1975 fuel economy law, chrysler, ford, fritz henderson, gm, rick wagoner, ron gettelfinger, two fleets rule, uaw, united auto workers |
By PUMA Pundit on March 30, 2009
Not sure what other signs we need that Obama is pursuing a national-socialist economy, but his latest hare-brained scheme is to get the US Government in the auto-warranty business… I guess Barack Obama can add another title to his portfolio, Car Czar ABC One, the president will announce a new government-backed warranty program for all [...]
Posted in Economy | Tagged auto warranty, bailout, barack obama, car czar, chrysler, gm |
By PUMA Pundit on March 9, 2009
Personally, I think that till Obama’s Auto Task Force turns its focus on how to reduce the labor expenses of the Big 3, it is merely putting up a dog and pony show. Overall, GM / Chrysler /Ford need to get to a point where their operating expenses are lower than their revenue so that [...]
Posted in Economy | Tagged american cars, auto task force, barack obama, chevrolet volt, chrysler, dodge ram pickup, ford, general motors, ron bloom, ron gettelfinger, steven rattner, united auto workers, warren truck plant