GM
GM Reveals the 2011 HUMMER Wee
Los Angeles, November 22, 2009 -- Ailing automaker GM revealed a radical new direction for its troubled HUMMER brand with the launch today of the HUMMER Wee at the 2009 Los Angeles Auto Show.
2011 HUMMER Wee
The HUMMER Wee, according to GM spokesman Putney Shiphlick, "provides a winning combination of old-time machismo and trendy modern environmental do-gooderism".
Ford, GM to Acquire Each Other
Detroit, August 19, 2009 -- Automotive giants Ford Motor Company (F) and General Motors (GM) galvanized American stock markets early this afternoon with nearly simultaneous hostile bids to acquire each other.
Ford was out first, issuing a bid to buy all outstanding shares of GM for $40 a share, a 30% premium on Friday's closing price. Mere seconds later, GM announced a bid to acquire Ford for $9 a share, a 35% premium. Shares in both industrial giants skyrocketed during the subsequent buying frenzy.
Struggling GM Launches Internet Casino
Flint, Michigan, July 29, 2007 -- General Motors, the automotive behemoth that has been teetering precariously on the verge of bankruptcy for several years, will be taking the unusual step of diversifying its operations by launching an internet casino business in an effort to create a new cash cow that can be milked to keep its core operations alive.
According to Randy Mooman, spokesman for GM, the new casino is projected to provide sufficient revenue to keep GM afloat while it retools with new, more competitive automotive product lines.
Bush & Cheney Send Chocolates, Long-Stemmed Roses, $29 Billion to ExxonMobil
Washington, D.C., February 14, 2006 -- ExxonMobil executives were surprised today by a Valentine's Day gift from President Bush and Vice President Cheney containing Godiva chocolates, 24 exquisite long-stemmed roses, and a $29 billion corporate welfare grant package consisting of tax breaks, tax incentives, reduced taxes, rebates on taxes both paid and unpaid, and several freight trains filled with cash. A spokesman for the grateful oil conglomerate said the company was "pleased as punch" by the subsidy and "would have something real nice for the whole gang when the time comes."
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