When Steven Rattner published this piece on the GM IPO in HuffPo, he had not yet been sued by NY’s Attorney General for allegedly being “willing to do whatever it took to get his hands on pension fund money including paying kickbacks, orchestrating a movie deal, and funneling campaign contributions,” nor had he yet settled–with [...]

Wall Street and the Administration are hailing the GM IPO and claiming victory. General Motors Co GM.UL pulled off the biggest initial public offering in U.S. history on Wednesday, raising $20.1 billion after pricing shares at the top of the proposed range in response to huge investor demand. GM sold 478 million common shares at [...]

For some reason, Andrew Ross Sorkin felt the need to weigh in on the debate over whether Rick Wagoner or Team Auto should get credit for GM’s turnaround. He probably shouldn’t have, seeing as how some of his evidence against Wagoner is that “he wasn’t able or willing to cull failing brands like Pontiac, for [...]

I’m going to have a few follow-up posts about Steven Rattner’s Overhaul generally and Saturday’s book salon on it. But for the moment, I wanted to add something to two excellent reviews of it by Malcom Gladwell and Felix Salmon. Together, they both distinguish between the product GM makes and the debt it had. Here’s [...]

The White House was okay with Robert Gibbs attacking the Professional Left and their Catfood Commission Co-Chair attacking, well, everyone. But they wouldn’t let Steven Rattner’s claim that Rahm Emanuel had attacked the UAW go unanswered. Rattner depicts White House Chief of Staff Rahm Emanuel as a force to be reckoned with who disparaged unions [...]

I’m a little amused by the uproar over the official announcement yesterday that the Chevy Volt will sell for $41,000. Yes, I know, very few people have that money in their pocket. I’m amused, first of all, because GM has been saying for years–since before they were bailed out–that the Volt would cost “around” $40,000. [...]

Let me start by saying I’m thrilled the Obama Administration has focused stimulus and energy efficiency funds to support a number of new battery plants in and around Michigan. For all my complaints about the Obama Administration, it has used the auto bailout as an opportunity to support new technology for the auto industry. But [...]

The WaPo is scouring the business world looking for the perfect talent to lead the failing company. Today, they announced they’ve hired the guy who drovem GM into the ditch to its board. Rick Wagoner, who was fired as chief executive of General Motors by the White House, has been elected to The Washington Post [...]

Eric Kleefield uncovers a heap of hypocrisy in IN Senate candidate Dan Coats’ lobbying record, but he misunderstands what it means. Former Sen. Dan Coats (R-IN) is running for his old Senate seat, apparently on a platform of opposing government takeover of the private sector. But as it turns out, in 2008 he lobbied the [...]

With the quick corporate profit vultures and Wall Street wizards flailing about at GM for immediate returns; Bob Lutz, the last real car guy left in key management, walks away.