michael steinberg and transport

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Penske Automotive: Far from Virtual Saturn

Michael Steinberg submits: Roger Penske is no lightweight; a former champion race car driver and now CEO of the Penske Automotive Group PAG. PAG is the second largest publicly traded automotive retailer with 310 showrooms divided almost equally between the US and UK, along with 25 collision centers and the...

Tags: Transport, Michael Steinberg, Penske Automotive Group Inc.

External links 2009-06-10

Is It as Simple as New-GM vs. Old-GM?

Michael Steinberg submits: Picture the 1970s: we’re cruising down the boulevard of dreams in our softly suspended land yacht when suddenly we hit the sand like a beached whale. Gas becomes tight and [[GM]] quickly downsizes its fleet with disastrous results. Too bad it was only a false alarm and...

Tags: Transport, Michael Steinberg, General Motors Corp.

External links 2009-06-03

The ?Cash for Clunkers? Program Will Soon Exhaust Itself

Michael Steinberg submits: The Wall Street Journal’s “Dealers Scramble to Find Fuel-Efficient Cars” reports potential shortages in the more popular higher mileage vehicles sought by the consumer stampede into the CARS Car Allowance Rebate System program. This super-hyped government program is the subject of endless advertisements by all of the...

Tags: Transport, Michael Steinberg, Ford Motor Co., Toyota Motor Corp.

External links 2009-08-12

First Take on GM: Packaged Bankruptcy Inevitable

Michael Steinberg submits: Listening to the General Motors GM press conference Tuesday evening, I could see no clear way for GM to avoid a structured bankruptcy. A press member stated that the elimination of the Oldsmobile brand and their dealerships cost GM at least $1B, which GM did not deny....

Tags: Transport, Michael Steinberg, General Motors Corp.

External links 2008-12-03

Saab May Be GM's Best Hope for the Future

Michael Steinberg submits: Bloomberg (“GM Said to Study Shedding Saturn, Saab, Pontiac to Win U.S. Aid”) is reporting that Pontiac’s sales peaked in 1978 and are down 21% this year compared to an industry wide 15% decline. Saturn’s sales peaked in 1994 and are down 19% this year, while Saab...

Tags: Transport, Michael Steinberg, General Motors Corp.

External links 2008-11-27