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Via www.controlledgreed.com:
I haven't mentioned portfolio holding General Motors (GM/NYSE) much recently. I noticed the Bloomberg report today that August sales are better than expected -- but the gain is in large pickup trucks: "GM really came in much better, it really outperformed,'' said Mirko Mikelic, who helps manage $13 billion in bonds and convertible debt including GM and Ford at Fifth Third Asset Management in Grand Rapids, Michigan. "GM was just a complete surprise. The trucks looked reall...
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Update 09/11:
Via www.controlledgreed.com:
John D. Stoll writes a typically fine feature article on the talks between the UAW and portfolio holding General Motors (GM/NYSE). Focusing on GM's Chief Executive Rick Wagoner, the piece gives the impression that he may be in the driver's seat in the negotiations:
Mr. Wagoner's trademark low-profile style has served
him well as he tackled that challenge mostly behind the scenes,
lunching with top union officials, including Mr. Gettelfinger, on
several occasions to explain the issues facing the ...
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Update 09/25:
Via www.controlledgreed.com:
Well, the UAW members have walked. It won't mean much in the short term, but if it become a long-term strike then things get ugly.
Most don't expect that to happen. I don't either. I just hope it doesn't become a case of conventional wisdom (because you know what they say about conventional wisdom).
If you can believe the reporting on this story, the hang up is future job guarantees for the UAW membership. That may be a tough nut to crack, because Rick Wagoner and GM management have certain rea...
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Update 09/26:
Via www.controlledgreed.com:
The Wall Street Journal is reporting that General Motors (GM/NYSE) and the UAW are working on the final details of a new four-year
labor contract "that would create a multibillion-dollar union-run
retiree health-care fund and allow the auto maker more flexibility to
hire new workers at lower cost." The report was posted on WSJ.com not long after midnight US east coast time. So a new agreement could be announced Wednesday morning.
Or not. More from the linked article:
At the same time, the agree...
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Update 09/27:
Via www.controlledgreed.com:
While the General Motors (GM/NYSE) deal with the UAW doesn't guarantee the stock will prove a good investment, it certainly increases the odds.
If you're a Wall Street Journal subscriber, you can read a typically-excellent overview of the deal (plus a good bit of historical background) here.
And Bloomberg has a good article on how the deal allows Rick Wagoner and GM get back to the business of selling vehicles. An interesting bit:
"If I were General Motors, I would be extremely happy,''
said ...
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GM:
This call was made
on 09/05/07
@ $31.47
| Rating: |
$31.47 (09/05/07)
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| Gain/Loss: |
n/a
in
821 days
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