Posted on November 19, 2009 by totaltrust
Update 11-19-09:
Here’s a review of the driving experience of the Chevy Volt from the New York Times:
Unlike many electrics, including the Tesla Roadster, the Volt’s electric drive has no whine. The car feels solid and planted on the road. Clicking the Sport button on the dashboard releases a bit more oomph than when in Normal [...]
Filed under: Industry Analysis, Technology | Tagged: 230 miles per gallon, Alex Taylor, automotive industry, Camry Hybrid, Chevrolet, Chevy Volt, Civic Hybird, electric cars, General Motors, GM, Honda, hybrid cars, Insight, Prius, tax credit, Toyota | 2 Comments »
Posted on May 29, 2009 by totaltrust
The Federal Government’s plan to force GM into bankruptcy and to own 70% of the company’s stock afterwards is a government takeover of unprecedented and historic proportions. Before this happens, there are too many unanswered questions that should be answered, and Ralph Nader and Robert Weissman raise many good ones in today’s Wall Street Journal:
Millions [...]
Filed under: Industry Analysis, Politics, The Economy | Tagged: bankruptcy, car dealers, Federal Government, General Motors, GM, President Obama, restructuring, Steven Rattner, UAW | 2 Comments »
Posted on May 4, 2009 by totaltrust
This from today’s Wall Street Journal:
General Motors Corp. confirmed Wednesday it will force salaried workers to take up to three months off each year with partial pay as part of an effort to reduce costs during its expected summer shutdown of its car-making plants.
The program, called Salaried Downtime Paid Absence Policy, states that salaried and [...]
Filed under: Downsizing and Layoffs, Management, The Economy | Tagged: GM, General Motors, downsizing, automotive industry, employee morale, cost-cutting, furloughs, salaried employees, cost reduction, pay cuts, time off | 1 Comment »
Posted on April 7, 2009 by totaltrust
News14Carolina asked me this question the other day–you can see my interview here. They heard about the new offer from Ford and GM to pay your car payment if you lose your job and wondered if this was an appropriate way to talk to consumers at this tight economic time. Hyundai made this offer last [...]
Filed under: Customer Service and Satisfaction, Marketing and Media, The Economy | Tagged: advertising, Ford, GM, hyundai, recession, Trust | Leave a Comment »
Posted on November 18, 2008 by totaltrust
On Monday, Senate Democrats introduced legislation that would set aside $25 billion to help the industry, drawing from the $700 billion fund created to stabilize financial markets. The legislation would allow the auto companies and parts suppliers to receive “bridge loans” of at least ten years with favorable interest rates. But there is resistance among [...]
Filed under: Industry Analysis, Politics | Tagged: automotive industry, bailouts, Chrysler, Ford, GM | 1 Comment »
Posted on June 2, 2008 by totaltrust
We’ll, we dodged a bullet by leasing rather than buying our Toyota Highlander four years ago. We just turned it in, and even though we got hit with a $1200 disposal cost (including “excessive” wear and tear), at least we don’t have to worry about $4.00+ gasoline costs now that Karen is driving a [...]
Filed under: Industry Analysis, Potpourri, Rants and Raves, Technology | Tagged: fuel economy, gasoline prices, GM, hybrid cars, inflation, starbucks, Toyota | Leave a Comment »