I had in mind to offer up some extensive comments on the state of the auto industry, who's to blame for what, and so forth, but I think those subjects have been pretty well beaten into the ground. So I’ll just offer these two personal experiences, both of which involved rental cars, which is just … Continue reading Car Sick (Vol. 2)
Tag: General Motors
Car Sick – Vol. 1
According the NY Times, the debt markets are valuing the restructuring package for GM’s lenders at roughly $3.4 billion. The lenders will end up owning 10% of GM, which means the market is valuing the entire business at $34 billion. Meanwhile, the government is investing $50 billion in GM in exchange for a 60% ownership … Continue reading Car Sick – Vol. 1
Carp Diem 