by thegtapatriot@yahoo.ca | Oct 11, 2008 | News
The Wall Street Journal, citing people it described as familiar with the discussions, said Cerberus Capital Management, the private equity firm that owns 80.1 per cent of Chrysler and 51 per cent of GMAC Financial Services, proposed trading Chrysler’s automotive...
by thegtapatriot@yahoo.ca | Oct 10, 2008 | Canada, Economy, World
If ever there was a setup for a Black Friday on Wall Street, this is it. Realistic Assessment of Risks We can hope it doesn’t happen. But better that investors are realistic about the risks. Global markets and the world economy are at a dangerous point in this...
by thegtapatriot@yahoo.ca | Jul 14, 2008 | Canada, GTA Issues, Oil, Ontario, Toronto
General Motors (GM) is set to unveil additional measures on Tuesday to address the significant downturn in the North American vehicle market. The world’s largest carmaker aims to realign its business with current market conditions, and key executives, including...
by thegtapatriot@yahoo.ca | Jun 3, 2008 | Canada, GTA Development, GTA Issues, Ontario
General Motors says it will cease production at four factories in Ohio, Wisconsin, Canada and Mexico that produce trucks and SUVs. As General Motors Corp. prepares for its annual shareholders meeting on Tuesday, workers across the country are worried that the next...