While Toyota Is Barely Edging GM in Worldwide Unit Sales, AP Report 'F

January 25th, 2011 12:24 AM
In a Monday Associated Press dispatch, reporter Tom Krisher virtually celebrated the idea that Government/General Motors "may be Number 1 again," with happy talk of "dethroning" and "overtaking" Toyota. Nowhere did Krisher mention the inconvenient fact that Toyota's revenues dwarf GM's to the point where comparing unit sales is an absurd waste of time.…

Cop-out: AP Reporter Swallows Claim that GM's R&D Was Set Back a Year

January 11th, 2011 10:26 PM
Man, it is getting really deep around here -- and no, I'm not talking about the snow, though there is no shortage of it here in Southwestern Ohio. What's really deep is the claim by current Government/General Motors Chairman and CEO Daniel Akerson that because of the company's government-engineered, unsecured bondholder-shortchanging trip through bankruptcy, "we lost roughly…

Zero Hedge, Kaus Note GM 'Channel Stuffing' Ahead of and After IPO; Pr

December 7th, 2010 1:30 PM
A few weeks ago, just before GM's initial public offering went to the market (at the Washington Examiner; at BizzyBlog), I noted that Multi-Government/General Motors had spent the past several months shipping more cars than its dealers were selling, to the point where dealer stocks represented an unusually high number of days of dealers' sales. GM's December 1 press…

Government/General Motors, UAW Hose Long-Time Members Twice in Two Wee

October 10th, 2010 8:54 PM
Solidarity, schmolidarity.  It was one thing when the United Auto Workers agreed many years ago to temporary "two-tiered" wage structures at the plants of Detroit's Big Three automakers. After all, it was argued, they'll be brought up to a level of full pay and benefits in several years, and new employees aren't as productive as the veterans.  

Psst! Ford Cuts GM's Lead in Half in Sept.; GM Completes Acquisition o

October 1st, 2010 11:06 PM
Government/General Motors saw its total vehicle sales fall in September to 173,031 from 185,105 in August. At the same time, Ford's sales increased from to 157,327 to 160,375. Thus, what was an almost 28,000-vehicle lead for GM in August shrank by more than half to less than 13,000 in September. No one has a crystal ball, of course, but if GM falls and Ford surges by similar amounts in October,…

Bad News Out of GM Is Not News at AP

September 2nd, 2010 10:27 PM
The news out of Government/General Motors during the past couple of days hasn't been particularly good. First, August sales results were disappointing. Second, it become known today that GM will attempt to go public on November 18, a later than originally hoped post-election date chosen to hopefully allow for another reported quarterly profit to boost investors' appetite for its shares. As so…

AP Revises Reporting on Government Pressure to Rush GM's Planned IPO

August 12th, 2010 7:21 PM
Unplanned but necessary "improvements," or induced corrections? I'll report; readers can decide. My early afternoon post at my home blog dealt with Government/General Motors' profitability and CEO Ed Whitacre's "coincidental" step-down from his CEO position. That post originally noted two things that seemed problematic in the Associated Press's reporting about the company…

As GM Plans IPO, AP Finally Makes Prominent Reference to Drivers' 'Res

August 7th, 2010 11:21 AM
In what I believe is the first direct acknowledgment by the wire service of what so many have known for so long, the Associated Press's Tom Krisher wrote the following in an August 5 story about plans for an initial public offering by government-controlled General Motors (bolds are mine throughout this post): Ever since the Obama administration gave the automaker a $50 billion dollar survival…

Screw the Newbies: AP's Lament on Plight of New UAW Hires Ignores the

June 19th, 2010 12:06 AM
There several annoying aspects of today's Associated Press report on the plight of newly-hired employees at U.S. auto plants represented by the United Auto Workers. Mentioned by writers Dee-Ann Durbin and Tom Krisher, but not until their eleventh paragraph, is the fact that new workers, whose starting wage (mentioned in Paragraph 2) is "about half what veterans make under their current…

Differing WSJ v. AP Headlines and Opening Paragraphs on Chrysler's Los

April 21st, 2010 1:05 PM
The Wall Street Journal's headline and reporter Jeff Bennett's opening paragraph concerning Chrysler Corporation's first announcement of financial results since 2007 got right to the key points: Chrysler Reports $4 Billion Loss Since Exiting Bankruptcy Chrysler Group LLC lost nearly $4 billion since exiting bankruptcy last year, but the company reported a first-quarter operating profit this…

PR from AP: Wire Service Lets GM, Chrysler Make Vague, Unchallenged, N

January 11th, 2010 2:41 PM
Executives from Government/General Motors and Chrysler are at the North American International Auto Show in Detroit vaguely holding forth on the prospect of reopening previously shuttered production facilities. Uh, don't sales have to start heading seriously upward before that happens? Apparently the Associated Press's Tom Krisher, who has his hands in separate stories on the two companies, and…