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{ Tag Archives } auto industry

The Sunday Night “Drink the Kool-aid” link-fest

According to my mother, my sister and her husband bought a SmartCar.  I don’t know why (although, I am not above some snarky speculation), but I’m sure my nephew will just love driving to school in a used moped-with-a-roof in a few years.  I guess my brother-in-law is driving it to work now.  I’ll be […]

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How do I despise thee…

… let me count the ways. The Ratmobile went into the body shop on Monday to fix what I thought was a relatively minor amount of hail damage.  In fact, were it not for the fact that I only own about 1/4 of it at the moment, I probably wouldn’t even have taken it in […]

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Uncool stuff

New CAFE regulations:  A very good post on why “regulating to the mean” punishes folks who aren’t near the mean.  Yes, I know that sounds dry, but the post is about why the new mileage regulations are counterproductive and punish those of us who don’t drive that much under normal circumstances. My situation mirrors that […]

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Follow up on previous posts

GM fixedness: GM was at $1.81 today.  Not that it matters, as the restructuring plan calls for GM to swap stock (I’m not sure if that means they are going to create new stock to swap) for debt, which will leave those of us who bought stock previously owning less than 1% of the company.  […]

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A small reminder

There’s a small post at dispatches from TJICistan pointing out that the recipients of the $700 billion bailout have spent a fair amount of it on federal lobbying.  GM in particular has spent $2.8 million on their lobbying effort during the first quarter. TJIC’s point: This is only surprising if you don’t understand the fundamental […]

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GM fixedness update

My GM stock is now worth $1.71 per share. Might have something to do with GM being told to get the bankruptcy paperwork ready. I sure am glad our Dear Leader took the time to work all of this out.  I mean, wow, what a bold, innovative plan: throw tons of money at them and […]

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GM fixedness update

For all of you out there who are losing sleep over the Ratlands IRA portfolio, I just thought I would mention that GM has now been fixed down to $1.93 per share. That’s another $.16 on top of the previously mentioned fixedness. But I feel really good about the warranty thing.

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Link Dump

Good stuff piling up in my RSS reader that I wanted to write about but am not going to get to: 1. A review of the Prius.  The money quote (for my money): Nevertheless, I was totally underwhelmed by this leftist cultmobile. It was a good car. I would even venture to say it was […]

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GM is “fixed”

After a couple of days of stock market rallies, I though I’d check to see how “fixed” my GM stock currently is. Yup.  Now worth $2.09.  Fixed to the tune of another -$.61.

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Hopey-changey

So, the GM stock I bought a couple of years ago at $32.95 is worth $2.70 today ($2.67 in after-hours trading).  That’s a 92% loss in value.  Not, I must say, all Obama’s fault, although after yesterday, I’m pretty sure my investment is going to be absolutely worthless.  The funny part is that I considered […]

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