Posted on November 18th, 2009 • by Bill Cawthon
Gary Peters, Democratic Congressman from Bloomfield Township, has taken issue with remarks made by former Republican Presidential candidate John MacCain. While serving as grand marshal at a NASCAR event in Arizona, McCain said, “Anybody believes that Chrysler is going to survive, I’d like to meet them.” Peters accepted the challenge in a letter, saying he [...]
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Posted on October 27th, 2008 • by David Zatz
According to a recent Reuters article, GM and Cerberus are now considering a deal that would leave GM in control, with Cerberus having a mere 10% or lower stake in the combined organization as well as all of GMAC. The minor stake in GM would give Cerberus an incentive to have GMAC work with the [...]
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Posted on October 27th, 2008 • by Bill Cawthon
General Motors has asked the U.S. government for financial aid to help it complete a merger with Chrysler. According to sources, GM executives have asked the Treasury Department to consider taking a stake in the merged company. One of the people with knowledge of the discussions said the government is reluctant. Treasury Secretary Henry Paulson [...]
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Posted on August 28th, 2008 • by David Zatz
JeepNewsNow reported that an Illinois woman was excited to discover she had purchased (used) Senator Barack Obama’s 2000 Jeep Grand Cherokee. Their story also noted that, when asked, John McCain did not know what kind of car he owned or drove; but it turned out to be a Cadillac CTS.
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