The inner battles and power struggles over the Corvette (as well as everything else) at GM were well known. Larry Shinoda had commissioned the Astro II, and was more worried about looks and image. Zora Arkus Duntov didn't buy into the Tempest transaxle in the least, and set about building his own answer to the mid engined problem, the XP 882 of 1970 (above). 
Share:  The inner battles and power struggles over the Corvette (as well as everything else) at <span class="company">GM</span> were well known. Larry Shinoda had commissioned the Astro II, and was more worried about looks and image. Zora Arkus Duntov didn't buy into the Tempest transaxle in the least, and set about building his own answer to the mid engined problem, the XP 882 of 1970 (above). Tweet this 

General Motors has a "reasonable chance" of turning a profit this year, but the car maker is still a work in progress, the company's new chief financial officer said on Wednesday, according to press reports. Chris Liddell, the former Microsoft chief financial officer who joined G. M in December, said that the company has no plans to rush into an initial public offering, though one is still possible in the second half of the year."We'll do it when we're ready," he said, according to Reuters . 
Share:  <span class="company">General Motors</span> has a "reasonable chance" of turning a profit this year, but the car maker is still a work in progress, the company's new chief financial officer said on Wednesday, according to press reports. Chris Liddell, the former Microsoft chief financial officer who joined G. M in December, said that the company has no plans to rush into an initial public offering, though one is still possible in the second half of the year."We'll do it when we're ready," he said, according to Reuters . Tweet this 

Over the daily Toyota runaway stories, it’s easy to forget the plight of GM and its children abroad. If you think that's the idea, then you are a miserable conspiracy theorist, and you should stand in the corner. With that in mind, let’s check in with GM and its worldwide siblings to see how they are doing. 
Share:  Over the daily Toyota runaway stories, it’s easy to forget the plight of <span class="company">GM</span> and its children abroad. If you think that's the idea, then you are a miserable conspiracy theorist, and you should stand in the corner. With that in mind, let’s check in with <span class="company">GM</span> and its worldwide siblings to see how they are doing. Tweet this 

In a conversation with The WSJ [sub]'s Paul Ingrassia, former Car Czar Steve "Chooch" Rattner did some "back of the envelope calculation" to show why he believes the US taxpayers will see their $50b "investment" in GM recouped when The General goes public sometime in the next year. Here’s how Rattner gets to his latest calculation: Bonds of GM’s bankruptcy estate â€" known as Motors Liquidation â€" are currently trading around 30 cents on the dollar, according to Thomson Reuters. Those bondholders were owed $27 billion. 
Share:  In a conversation with The WSJ [sub]'s Paul Ingrassia, former Car Czar Steve "Chooch" Rattner did some "back of the envelope calculation" to show why he believes the US taxpayers will see their $50b "investment" in GM recouped when The <span class="company">General</span> goes public sometime in the next year. Here’s how Rattner gets to his latest calculation: Bonds of GM’s bankruptcy estate â€" known as Motors Liquidation â€" are currently trading around 30 cents on the dollar, according to Thomson Reuters. Those bondholders were owed $27 billion. Tweet this 

Next came Automotive News, the trade weekly that lands on every auto executive's desk on Monday morning. In an unusually critical editorial about a local hero, it declared "GM should start moving metal, not managers," and added "multiple staff changes have been confusing and off putting for dealers and other stakeholders.". Then influential Detroit blogger Peter De Lorenzo weighed in with an open letter to Whitacre on his Autoextremist Web site . "I'm getting the distinct impression that you clearly don't have a clue as to what you're talking about, no matter how many 'aw shucks, I'm just a nice guy trying to help y'all out' platitudes you spread around," wrote De Lorenzo. Just in case Whitacre didn't get the point, De Lorenzo added, "I have a suggestion: Seeing as I don't believe you're bringing anything of value to the table 
Share:  Next came Automotive News, the trade weekly that lands on every auto executive's desk on Monday morning. In an unusually critical editorial about a local hero, it declared "<span class="company">GM</span> should start moving metal, not managers," and added "multiple staff changes have been confusing and off putting for dealers and other stakeholders.".<span class="sent"> Then influential Detroit blogger <span class="analyst">Peter De Lorenzo</span> weighed in with an open letter to Whitacre on his Autoextremist Web site .</span> "I'm getting the distinct impression that you clearly don't have a clue as to what you're talking about, no matter how many 'aw shucks, I'm just a nice guy trying to help y'all out' platitudes you spread around," wrote De Lorenzo. Just in case Whitacre didn't get the point, De Lorenzo added, "I have a suggestion: Seeing as I don't believe you're bringing anything of value to the table....Next came Automotive News, the trade weekly that lands on every auto executive's desk on Monday morning. In an unusually critical editorial about a local hero, it declared "<span class="company">GM</span> should start moving metal, not managers," and added "multiple staff changes have been confusing and off putting for dealers and other stakeholders.".<span class="sent"> Then influential Detroit blogger <span class="analyst">Peter De Lorenzo</span> weighed in with an open lett Tweet this 

During the financial crisis, GM and Chrysler were bailed out but faced strict re tooling in order to make both companies financially viable. . But what about GMAC, the auto financial giant? . 
Share:  During the financial crisis, <span class="company">GM</span> and Chrysler were bailed out but faced strict re tooling in order to make both companies financially viable. . But what about <span class="company">GM</span>AC, the auto financial giant? . Tweet this 

General Motors will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, the auto maker's chief executive, Ed Whitacre, said on Wednesday. Those financial targets are more aggressive than the top U. S automaker has previously announced and come as Mr. Whitacre pushes G. M to move faster to jump start sales and win back U. S market share after three decades of steady decline, Reuters reported . Mr. Whitacre said in December that G. M would pay back government loans extended to finance its restructuring in bankruptcy by June. 
Share:  <span class="company">General Motors</span> will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, the auto maker's chief executive, Ed Whitacre, said on Wednesday. Those financial targets are more aggressive than the top U. S automaker has previously announced and come as Mr. Whitacre pushes G. M to move faster to jump start sales and win back U. S market share after three decades of steady decline, Reuters reported . Mr. Whitacre said in December that G. M would pay back government loans extended to finance its restructuring in bankruptcy by June. Tweet this