General Motors announced a shocking $10 billion annual loss early in the year, and just so it wouldn’t be lonely, Ford and Chrysler came along with their own billion dollar losses later on. Delphi, the bankrupt parts supplier, found some of its former top executives under investigation by the Securities and Exchange Commission for cooking the books.
That alone would be enough to make 2006 memorable. Here are some other events of the year just passed that won’t soon be forgotten.
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After the collapse of alliance talks with GM, the globetrotting CEO is going it alone - at least for now. (more)
Kerkorian selling his stock removes a big psychological barrier. But beleaguered General Motors CEO Rick Wagoner still faces many hurdles ahead. (more)
After five years, most cars are worth a fraction of their original cost. These models do the best, according to Kelley Blue Book. (more) |
