DoorDash Prepares for Blockbuster IPO
On the menu today: DoorDash’s $32 billion IPO, GM’s ill-fated deal with Nikola, Ajit Pai’s resignation, and student-loan mismanagement.
GM
The Capital Note: Cities after COVID & GM’s Electric Vehicle Push
On the menu today: work from home, GM's investment in Nikola, and a look at the Vegas-Wall Street pipeline.
What Makes a Car American?
God bless the American automobile.
GM Hits 16 Million Recalled Vehicles for the Year
You may recall complaints about GM, and the wisdom of the government bailouts in light of the revelations that company engineers covered up a potentially fatal defect in millions of ...
Oh Good, Another Government Deal With GM.
The federal government reached an agreement with General Motors. Well, another one.
https://twitter.com/davidshepardson/statuses/467297862733549568
Hey, how about the “significant fine” being roughly $10.5 billion, since that’s the amount taxpayers lost on GM stock, since ...
Taxpayer-Saved Automaker Asks Court to Bar Lawsuits Over Defective Switches
Aren’t we all glad that U.S. taxpayers lost $10.5 billion saving this company?
General Motors Co filed a motion in a U.S. bankruptcy court to enforce a bar on lawsuits related ...
Callous ‘old GM’? Cobalt was recalled multiple times
In November, 2004, General Motors recalled 2005 model year Chevy Cobalts for faulty headlamps that could cause “additional glare, increasing the risk of crash” to oncoming drivers. In January, 2007, ...
Auto Industry Task Force: Nobody Told Us About Those Switches!
Bloomberg BusinessWeek sheds a little more light on what President Obama’s Auto Industry Task Force knew about the faulty switches . . . at least according to unnamed sources:
The task force President Barack Obama ...
Put Out a BOLO for Steve Rattner
This Detroit News column by Frank Beckmann . . .
Instead of grilling Barra, Congress should be calling her predecessors — Rick Wagoner, Fritz Henderson, Ed Whitaker and Dan Akerson — to find out ...
Anyone Seen the Guy Who Gave GM $49 Billion in Taxpayer Money?
Also in today’s Jolt:
Has Anyone Seen The Guy Who Gave GM $49 Billion in Taxpayer Money?
Remember Steve Rattner? From his own biography: “Rattner served as Counselor to the Secretary of ...