President Obama traveled to Michigan this week to declare the auto bailout a success. Interestingly, he toured a Ford plant. The company did not participate in the bailout. GM is still trying to shake the Government Motors moniker, and that was certainly the reason for Obama's nonvisit.
But despite that legislatively unanimous award from three months ago, and a stock price that has flown high for most of the year, there are signs that the shine over the luxury electric automaker is beginning to dull.
Perhaps the most noteworthy skepticism has arisen from popular automotive Web site Jalopnik, which otherwise has been a fairly reliable (but not robotically so) cheerleader for Tesla. An end-of-year article written by blogger Damon Lavrinc recounts the automaker’s legacy of non-fulfillment and asks, “What will Tesla and Elon Musk over-promise next?”
Here is a letter I sent today to C. Douglas McMillon, Walmart President and CEO:
We ask that Walmart end its financial support of Al Sharpton and his organization, the National Action Network (NAN).
The cold-blooded murder of two New York City police officers, Rafael Ramos and Wenjian Liu, follows weeks of Sharpton's vilification of law enforcement personnel.
As you know, Walmart has helped bankroll Sharpton for years. Most recently, the company was a sponsor of Sharpton's 60th birthday party in New York City, which reportedly was a fundraiser for NAN that raised a million dollars.
The death toll for General Motors' faulty ignition switch victims continues to rise with the last reported number being 42. There has been speculation that the death count is significantly higher, as safety advocate Clarence Ditlow has written to GM to request an expansion of efforts to uncover victims of accidents resulting from defective GM vehicles.
Today, we requested that the House Committee on Oversight & Government Reform undertake an "independent" investigation of the General Motors ignition switch recall delay, in light of newly obtained emails by lawyers suing GM.
Those emails suggest that the Treasury may have timed its final sale of GM shares to precede public knowledge of the ignition switch fiasco. They also cast doubt on GM CEO Mary Barra's previous account of what she knew and when she knew it.
Here is the text of a letter I sent today to Rep. Jason Chaffetz (R-UT), in photo, the incoming Chairman of the Oversight & Government Reform Committee:
That doesn’t mean the fear-mongers have given up, of course, as the latest effort by environmental pressure group Ceres illustrates. The activist group – which exerts its influence via shareholder activism (claiming $10 trillion in assets) in pursuit of their definition of a “sustainable” global economy – last week sent a letter endorsed by 223 companies to President Obama, in support of EPA’s controversial proposed standard for existing power plants to limit carbon dioxide emissions. Some of the largest and most recognized corporations signed on, including Adidas, IKEA, Kellogg Company, Levi Strauss & Co., Mars Inc., Nestle, Nike, Starbucks, and Symantec – as well as numerous “green”-minded and renewable energy businesses.
The company’s Green Energy Czar Bill Weihl in 2009 had boasted to Reuters that he expected “within a few years” that his people would be able to demonstrate technology that produced renewable energy cheaper than coal.
Documents obtained by Citizens for Responsibility and Ethics in Washington (CREW) from the Department of Justice provide "hard evidence" that former Rep. Alan Mollohan (D-WV) should have been prosecuted after NLPC exposed his questionable financial dealings, and triggered a Justice Department investigation.
CREW executive director Melanie Sloan told Politico yesterday, "It was clear the Justice Department should have indicted Mollohan."
Mollohan was defeated for re-election in 2010 in a Democratic primary. His ethics woes were a key issue in the campaign.
General Motors announced today that CEO Mary Barra will not attend a ceremony on November 17 at which she was scheduled to receive an award from the National Women's History Museum (NWHM).
On Monday, we asked the museum to rescind the planned award to Barra in light of questions about her "credibility and veracity" in the wake of Sunday's report that GM ordered 500,000 ignition switches from a supplier almost two months before it reported the safety defect to the government.