Nothing can be more dangerous than a mob with a cause. If crowds can go mad, then mobs can be downright vicious. And if that mob exudes power, such as the mob of senators who make up US Congress, then anyone caught in their wake is left with no option...Read More
Virgin Money’s plans to set up a new High Street bank are gathering new momentum. It’s one of the few positives to grow out of the banking crisis. Meanwhile, in the land of autos, we are seeing the coming together of three car companies.
If a bank is too big...Read More
Posted Apr 07, 2010
Meanwhile, as they say, one man’s meat is another man’s poison, and so it is with the auto industry.
GM may be bust, meaning one would have thought you could say something like this to anyone who works in the auto industry: “You can have any mood you like, as long...Read More
Posted Jun 03, 2009
Pick up any book and compare. Take this comparison: “When the ladies removed after dinner, Elizabeth ran up to her sister, and seeing her well guarded from cold, attended her into the drawing room…” And now there’s this: “It is a truth universally acknowledged, that a single man in possession...Read More
Posted Jun 01, 2009
The Germans and the French are at it, and therefore, goes the argument, so should we. France has long been busy building new Maginot lines of business. As for Germany, right now it seems that only Angela Merkel can decide the fate of Opel.
Meanwhile, the British government is getting a...Read More
Posted May 27, 2009
Listen very carefully. Did you hear that? It was the sound of thermometers bursting, as blood temperatures rise off the scale.
“Why so serious?” Well, it concerns GM, and a rumour going around that, if it proves right, could just be enough to make US unions, some members of the electorate...Read More
Posted May 14, 2009
It seems it is all the government’s fault. Well, it often is, but on this occasion maybe there is another point of view.
A new report from the Automotive Innovation and Growth Team has slated the government and its ten years of neglect of the UK car industry. It says that...Read More
Posted May 07, 2009
Earlier this year, Sergio Marchionne, chief exec at Fiat, said he believed only six mass car makers can survive the economic recession.
If he is right, then we are left wondering which car makers will they be? Mr Marchionne seems to be doing his level best to ensure Fiat is among...Read More
Posted May 05, 2009
Well, they fought and fought to avoid the fate. But now it has happened, it seems many are celebrating.
Chrysler, the car maker which survived the Great Depression, finally went into Chapter 11 yesterday. Barack Obama seemed miffed with some of the company’s creditors who wouldn’t play ball.
But now, at last...Read More
Posted May 01, 2009
It’s been all go in the US corporate sector.
It seems Chrysler could be hours away from bankruptcy. Meanwhile, the fireworks went off at the Bank of America yesterday. But was the bank’s embattled chairman and chief executive able to avoid the rocket?
As you probably know, Chrysler is number three in...Read More
Posted Apr 30, 2009