Posts Tagged ‘Ford’
» posted on Saturday, January 2nd, 2010 at 2:03 pm by Damien Baldino
GM and Chrysler could learn from Ford
Ford recently announced that its Sync system will soon allow customers to plug in a modem, so that passengers will be able to access broadband internet. Basically, many of Ford’s cars will become rolling hot spots. This is in addition to Sync, which allows you to control many of the car’s features with your voice.
Ford’s recent innovations seem to be far ahead of both Chrysler and GM. Is it merely a coincidence that the most innovative American car company is also the only one that is profitable and wasn’t bailed out by the federal government? Perhaps GM and Chrysler should take notes.
post a comment | filed under Business · Economy · Technology | tags: CHrysler, Ford, GM, Sync, Wifi
» posted on Wednesday, December 9th, 2009 at 12:37 pm by Damien Baldino
Great news! The U.S. will only lose $30 billion on the auto industry bailout
I have some great news for you today. Do you remember the $82 billion bailout of the auto industry? Well, the government was expecting to lose $44 billion, but revised figures show that the loss will only be $30 billion! Isn’t that awesome? Yeah, I don’t think so either.
Barack Obama and other socialist-leaning politicians thought the bailout was a great idea, and they still do. The best thing that could have happened would have been to let Chrysler file for bankruptcy, cancel all of their contracts, then reorganize without government assistance. More jobs would have been lost, unions would have been angry, and the companies would have been decimated, but I find that preferrable to the precedent that was set. » read more
post a comment | filed under Business · Politics | tags: Bailout, Barack Obama, CHrysler, Ford, Free Market, GM
