“This once proud city cannot pay its debts.”

Ford Motor Co. (F) beat analysts’ first quarter 2013 earnings expectations today, earning 40 cents per share, compared to projections of 35 cents per share.

Welcome to PowerTalk, where we talk with CEOs, COOs and other key business people at public and private companies as well as other subject matter experts. This week’s PowerTalk interview is with Greg Martin of General Motors, the company’s executive director of communications strategy and news operations.

Once GM buys its 200 million shares, the taxpayer stake in the company will drop to 19 percent, but for the price to break even on the remaining 300 million shares will be around $70 per—or, in other words, probably never.

As reported by the Associated Press, “The average gas mileage of new cars and trucks will have to nearly double by 2025 under regulations that were finalized Tuesday by the Obama administration.  The new rules will require the fleet of | Read More »