Your New Scoop Site
Welcome to Scoop!
To help you figure things out, there is a Scoop Admin Guide which can hopefully answer most of your questions.
For support, questions, and general help with Scoop, email email@example.com
ScoopHost.com is currently running Scoop version Undeterminable from .
Don't get your hopes up.
Not that anybody should expect an industry that still has a shock collar of union interest around its neck to do very well anyway. General Motors is selling some of its action to lucky buyers. In the filing of the IPO today, GM lowers your expectations:
"The ability of our new executive management team to quickly learn the automotive industry and lead our company will be critical to our ability to succeed.
Per der kommisar's wishes, NO-ONE qualified to run the company need apply. In fact, even if they did, and got jobs, the discovery of whats under the hood might scare the lug nuts off em. Continuing:
"We have determined that our disclosure controls and procedures and our internal control over financial reporting are currently not effective. The lack of effective internal controls could materially adversely affect our financial condition and ability to carry out our business plan."
So the filing for the IPO for the NEW Government Motors includes a disclosure that: A. They have potentially incompetent leadership, and B. No idea where the money gets spent and a lack of oversight for such things.?
As they say in the biz.. "Read the Prospectus." Ay yi yi..
(9 comments) Comments >>
External FeedsMetro/State News RSS from The Detroit News
+ Craig: Cushingberry tried twice to elude police, was given preferential treatment
+ Detroit police arrest man suspected of burning women with blowtorch
+ Fouts rips video as 'scurrilous,' defends Chicago trip with secretary
+ Wind, winter weather hammer state from Mackinac Bridge to southeast Mich.
+ Detroit Cass Tech QB Campbell expected to be released from custody Friday
+ New water rates range from -16% to +14%; see change by community
+ Detroit's bankruptcy gets controversial turn in new Honda ad
+ Royal Oak Twp., Highland Park in financial emergency, review panels find
+ Grosse Ile Twp. leads list of Michigan's 10 safest cities
+ Wayne Co. sex crimes backlog grows after funding feud idles Internet Crime Unit
+ Judge upholds 41-60 year sentence of man guilty in Detroit firefighter's death
+ Detroit man robbed, shot in alley on west side
+ Fire at Detroit motel forces evacuation of guests
+ Survivors recount Syrian war toll at Bloomfield Hills event
+ Blacks slain in Michigan at 3rd-highest rate in US
Politics RSS from The Detroit News
+ Apologetic Agema admits errors but won't resign
+ Snyder: Reform 'dumb' rules to allow more immigrants to work in Detroit
+ GOP leaders shorten presidential nominating season
+ Dems: Another 12,600 Michiganians lose extended jobless benefits
+ Mike Huckabee's comments on birth control gift for Dems
+ Granholm to co-chair pro-Clinton PAC for president
+ Republican panel approves tougher penalties for unauthorized early primary states
+ Michigan seeks visas to lure immigrants to Detroit
+ Peters raises $1M-plus for third straight quarter in Senate bid
+ Bill would let lawyers opt out of Michigan state bar
+ Michigan lawmakers launch more bills against sex trade
+ Balanced budget amendment initiative gets a jumpstart
+ Feds subpoena Christie's campaign, GOP
+ Poll: At Obama's 5-year point, few see a turnaround
+ Obama to release 2015 budget March 4
Sunday January 19th
Saturday January 18th
Friday January 17th
Thursday January 16th