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The so-called auto company bailout debate has turned into a piece of cynical posturing by Republicans eager to reclaim their fiscal responsibility/small government/right to work credentials by sneering at a bridge loan for the Big Three and the UAW—even as the transplant operations they champion so enthusiastically send billions in profits to Japan. As Paul... Read More
Correction: I misidentified the industry website that posted the "Breaking News--Chinese May Buy GM and Chrysler" story. It's "The Truth About Cars", not "All About Cars". My bad. CH That’s the basic Chinese take on the idea of a Chinese automaker taking over GM. The tubes of the Internet have been abuzz concerning a report... Read More
Liberated by Barack Obama’s election from the full-time job of belaboring the Bush administration, progressive blogger emptywheel has a very interesting and knowledgeable discussion of China’s possible role in a General Motors bankruptcy. She floats the possibility that GM’s main Chinese partner, Shanghai Automotive Industry Corp. or SAIC, might scoop up GM brands and technology... Read More
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