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We all know that the automotive industry is in trouble. Bankruptcies at GM and Chrysler were the expected outcome. These two companies used the “excuse” of economic upheaval to radically reorganize themselves in ways that labor unions, stockholders, and franchise laws wouldn’t allow otherwise...

Where Will It Stop?

Jun 4, 2009 3:04 am | Categories: automotive news, gm
Posted by pf_flyer
Here's the problem with messing with private companies and the free market... where do you stop? "I honestly don't believe that companies should be allowed to take taxpayer funds for a bailout and then leave it to local dealers and their customers to fend for themselves," said Senate Commerce Committee Chairman John Rockefeller (D-W.Va.), who convened the hearing...

Bankruptcy, What Bankruptcy?

Jun 3, 2009 3:22 am | Categories: automotive news, gm, motorsports
Posted by pf_flyer
As the Detroit carmaker began retooling after filing for bankruptcy protection, a company spokesman said Monday he did not expect further cuts to GM Racing's budget, which supports NASCAR, NHRA, ALMS and short-track racing activities around the country and adheres to the "win on Sunday, sell on Monday" mantra. "Racing equals good ROI (return on investment)," said Steve Janisse, group manager for Chevrolet Communications. "There are no expected budget cuts right now." But will it sell the smaller, more fuel efficient cars that Government Motors is promising?..
Here we are in Garden Grove at Euclid and Garden Grove Blvd. at the classic car show. And PCH cruise...

Penny Stock News

Jun 2, 2009 2:49 am | Categories: ar index, automotive news, gas prices
Posted by pf_flyer
AR Index     554.93  +48.67  (+9.61%) Stocks of individual interest Toyota  81.72   +6.40 GM        0.75      -0.68 Ford      6.13     +0.87 Dow 8721.44  +444.12   (+5.37%) With all the semi-uncertainty last week about whether GM would file bankruptcy and what would happen as a result, GM stock lost almost half its value in the last week. It's actually not quite to penny stock territory, but that 75 cent price tag might induce some speculation, even by small investors, in the GM that might emerge out of all this. Speaking of speculation, the current run up at the pumps, for no apparent underlying supply or demand reasons, shows that those commodity markets are still not quite right...

Morning Or Night?

Jun 1, 2009 2:55 am | Categories: automotive news, gm
Posted by pf_flyer
Was it a red sky last and sailor's delight, or a red sky this morning and GM take warning? Today's the day for "the announcement" and naturally enough there was all sorts of media speculation about what it will all mean, liberally sprinkled with plenty of gloom and doom since that's all they seem comfortable doing. (If it bleeds, it leads) A NY Times blog yesterday had several experts weighing in on different aspects of the situation and this comment by a professor or economics on closing dealerships caught my eye: For us consumers, we’ll soon have only half as many places to buy G.M...

4 Wheels: It Counts!

May 31, 2009 4:40 am | Categories: classic cars
Posted by pf_flyer
You have a lot of time to think when you're mowing an acre of grass, and during yesterday's lawn adventure the mind wandered to what I was going to blog about today, and I came up with the idea of doing a vehicle of the month review kind of thing. I couldn't decide on what car or truck to do first, then it hit me... well it was the low hanging branch of an Austrian Pine that I didn't pay attention to, but it drove the idea for my May's vehicle into my skull...

Ask Dub Schwartz!

May 30, 2009 5:26 am | Categories: ask dub schwartz, humor
Posted by pf_flyer
Dear Dub, I've been driving GM cars and trucks all my life and I think they're still the best cars out there and exciting new stuff is in the pipeline. But this morning I found that someone had soaped the windows of my car. They drew an oval that looked suspiciously like a Ford logo and some strange poem that said: Jade line, true finds A somber hymn damns our truant elaborate rulings moot...

Better Than Space Mountain

May 29, 2009 2:49 am | Categories: automotive news, gm
Posted by pf_flyer
This is the weekend. Monday is the deadline. We have a member of the auto task force calling bondholders "terrorists" and it looks likely that Monday is going to be the day that we the people are going to own a large stake in GM...

Subaru

May 28, 2009 11:33 am | Categories: subaru
Posted by chipinaw
I recently went to purchase a used Subaru.It looks like a great car but the shifting,( automatic ) engages more as I step on the gas.I was told this is normal for a Subaru Is this true? Chipinaw
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