GM’s Deal with Govt. To Close Mon or Tuesday

The New York Times is reporting that we’re one step closer to having the GMimages mess cleaned up.

Judge Robert E. Gerber released his 95 page decision today, which overturned the 850 objections to the Government buyout, and gave his approval for the American taxpayers to lend the company $1.17 billion dollars.

I am not a fan of government backing, I believe in free enterprise, but I’m almost not a fan of feeling a complete collapse of one of the largest companies in the world.  I’m not that brave.

Read Full Details At The New York Times

Plan To Sell G.M. Assets Approved


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Dumbest Moments in Business -2009

Blog and Run:

In case you haven’t seen it yet – Fortune has released their mid year gm_segwayedition of the “Dumbest Moments in Business”. GM is right at the top of the pack with their Segway/Rickshaw kindof contraption called the “Puma”.

Just my opinion – but I don’t look at this thing and think of the sleek and grace of a big black cat. This actually looks like something Peter Griffin would design in some kind of Family Guy episode.

As you go through the whole list you’ll be reminded that money and brains don’t always go together.

Dumbest Moments in Business – 2009 Mid Year Edition

Turn Trash “Green” and Attract Fortune #3 Investment

trash.jpgAnother case and point that investment dollars are chasing down “Green Projects”

Although we don’t know the exact dollar figure yet, it’s being reported that General Motors (NYSE:GM) is investing in Coskata, a biology based renewable energy company. Coskata holds the patent on a process that turns wood chips, farm waste, pop bottles, and other trash, into ethanol gas. Ready for market in 2 years, the cellulosic ethanol is expected to be priced $1.00 cheaper then regular ethanol.

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