http://www.autoblo...o-u-s-consumers%2F

Part of GM's restructuring plan was leaked. It includes importing cars from China. There are more details than what they're giving us, I'm sure, but this is the biggest part and one part I really hope they don't go through with.

Shael

That Chinese Regal looks like it's based on the Malibu... hopefully the headlights are easier to change than in the 'Bu

as much as it pains me its a nice looking car

Doens't surprise me with the use of imported Chinese cars. GM is a global company, so of course they would use their manpower elsewhere.

However, this DOES make the Japanese-Domestic debate interesting as it makes the whole import aspect on a level field.

And they have been getting a Canadian subsidy for 100+ years for Oshawa.

http://money.aol.c...900-dealers/484219

Some dealerships have already received notice that they're being dropped. The ones I've heard about are near Albany and the surrounding area. I haven't heard about any of the local ones here being dropped...yet. Sam and I surmised that one in Keeseville, NY. was dropped or was going out of business anyway, since the last time we passed it, all their new vehicles were gone, all that was left were their used stock.

Shael

Posted by Shael http://money.aol.c...900-dealers/484219 Some dealerships have already received notice that they're being dropped. The ones I've heard about are near Albany and the surrounding area. I haven't heard about any of the local ones here being dropped...yet. Sam and I surmised that one in Keeseville, NY. was dropped or was going out of business anyway, since the last time we passed it, all their new vehicles were gone, all that was left were their used stock. Shael

that guy was an asshole anyway and is having a colonoscopy courtesy of the IRS... GM was pulling his franchise anyways.

Thursday and Friday, everyone where my brother works (Adirondack Chevrolet-Pontiac-Buick) was holding their breath waiting for the letter to come that would end their jobs. Luckily, it never came. From what was gathered, most of the dealers eliminated for both Chrysler and GM were dealers in urban areas. I mean, you folks in cities see them... dealerships on every corner competing. Eh. Kiss that goodbye.

I read half of the article before my ADD kicked in and my eyes wandered to the bottom left corner and saw the galleries...and saw this beauty.

http://www.autoblo...e-le-mans-edition/

that shitty GM.

I think Americans should boycott almost every company that outsorces work to other countries. If our economy is ever going to be good again we have got to keep jobs on the home front.


Dell ? Ill never buy another one of those. Ever tried to deal with some Indian who cant comprehend what your trying to tell them ?

China ? How many craptastic products are coming from over there just to save a few bucks ?

Posted by sYnOnYx Dell ? Ill never buy another one of those. Ever tried to deal with some Indian who cant comprehend what your trying to tell them ?

dell if you buy fromt he corporate line you get a call center in either texas or cornwall ontario!

http://www.pressre...ory_152055037.html

Well, there they go...what I'm hearing though is that GM will be wholly unrecognizable when they get out of chapter 11. It won't be the same GM. Basically, to try to clean up their debt, they will sell certain assets of the company to another LLC and GM as we know it, will cease to exist.

It'll be interesting to watch anyway.

Shael

yeah, like watching someone embalm a fucking corpse.

Includes a televised speech from Fritz Henderson

http://www.mlive.c...les_for_bankr.html


But to sum up, he basically quotes Lord Dread.

"The old world dies, and with it the old ways. We will re-make it as it should be...must be! Immortal!"

It's not like embalming a corpse, Sam. It's more like watching a pathologist dissect a corpse trying to find out what he or she died from.

It's interesting to me from a financial standpoint mostly because here we see one of the largest companies in the world struggling and doing something that we may never see again.

Usually by the time a company the size of GM hits the skids, they've sold off everything and anything of value just to make payroll and keep the lights and heat on. GM's stock was selling at 75 cents a share on Friday, UAW made huge concessions, well...huge from where I sit. GM is still pretty much intact for now. It's creditors, the courts and the US government haven't chopped it into little pieces yet.

Many of it's bondholders were willing to forgive debt for pieces of the company. GM's restructuring plan would have kept the company virtually intact, minus a few brand names and sold all of it's assets of value to another company to try to totally pay off it's huge debt. They may still try to do the sale with Chapter 11 restructuring, but now, it may be a completely different ball game once they get into court. We haven't heard from GM's creditors yet in regards to their debt reorganization and loan repayment terms change requests, which should be going out from GM's legal staff shortly, if they haven't already. I think those will make things interesting.

Especially if the creditors don't accept GM's requests for reorganization and modification of the debt repayment agreements. If this doesn't work, then bye bye...all bets are off and they will probably go into Chapter 7, which is where all non exempt assets are liquidated or sold to try to get rid of their debt.

Chrysler will emerge from Chapter 11 bankruptcy in the next 30 to 60 days pretty much unscathed and with a deal with Fiat, from what I have read.

GM will not be so lucky. At least that's my prediction from the information I've been getting. They will be damn lucky if all they lose are a few of their brand names. It's sad, but it feels like they're hanging GM for all of the american car makers mistakes. Not just being punshed for their own, but for Chrysler's and Ford's too, who's are both getting out of this really really easy.

Shael

GM can be salvaged fortunately.

Now, the worse bankruptcy was....PENN CENTRAL.

This is a list of things that any GM owner might want to know for now in regards to GM's Chapter 11 filing.

http://autos.aol.c...nkruptcy-questions

Shael

Posted by Shael This is a list of things that any GM owner might want to know for now in regards to GM's Chapter 11 filing. http://autos.aol.c...nkruptcy-questions Shael

There's a silver lining for Samarui in that article:

"The new federal fuel economy standards may force GM to keep cars like the Chevrolet Aveo and Cobalt in its lineup"

the Cruze that has been slated to replace the Cobalt looks like a boring fucking people mover.
i'm sure it will do well.
I better start stocking up on Cobalts for the years to come.