General Motors

The press’s love affair with President Obama goes so far as to give him credit for actions of his predecessor, George W. Bush. Over the last week, the New York Times and The Guardian,
Britain’s “quality leftist daily gave the President credit for working out a deal with auto makers to improve fuel efficiency by 30%.  read more »

“A new business model” is what Jack Nerad of Kelly Blue Book called the proposed sale of Saturn by General Motors (GM) to Roger Penske’s Penske Automotive Group.

What makes it a new model is that Penske would only buy the brand and the dealer network. Penske would subcontract vehicle production other manufacturers, though for the first two years, the GM Saturn plant would produce the cars.  read more »