4Jun/091
The Future of the Auto Industry
Posted on Jun 4th, 2009 @ 2:31 am by CY
Who would have thought that one of the biggest and oldest American auto giants have gone bankrupt? To be honest, I didn’t expect that to happen so soon. I thought the US government would somehow bailout GM and prevent the company from filing chapter 11, but it didn’t happen. Even though the government keeps on [...]
Tagged as: american, automakers, bailout, bankrupt, chapter 11, chinese, chrysler, debt, Economy, ford, gm, government, japanese, oil, taxpayers1Dec/080
US in Recession: It is Now Official!
Posted on Dec 1st, 2008 @ 11:59 pm by CY
Sometimes, the early bird gets the worm. The “news” of US recession is almost a year old. Like everything else, by the time the news reaches the general public, it is already too late. Many people already knew that we are already in recession but others are too naive to believe it and face the [...]
Tagged as: automakers, bailout, bankrupt, bear market, debts, ford, gm, jobs, oil, recession