yep no more Pontiac. No more GTO and no more firebird. I wonder if saturn, hummer, buick, and saab will remain? As long as Chrysler remains Ill be ok.
Take the speed & efficiency of the government, the self-serving nature of the union......this should all culminate into a company able to produce inferior quality, with substandard performance, at a very high price per unit.
the US Gov. will own 50% (or more),
Did anyone catch the actual numbers? I heard something along 10 billion owed to the UAW will be exchanged for 39% ownership and 27 billion owed to bond holders for 10% ownership (can you believe that crap?).
Any info would be appreciated.
So is G.M., going to stand for Government Motors?
Actually, part of the changes that have and will benefit GM include the UAW taking over a huge cost burden in 2010. The $20+ billion that GM must pay into a Health Care Trust by next year is so that the UAW will take over health care for Union members. In the current proposal, about half of that would be converted to common stock which could be good for the Trust.
Even though I didnt grow in the 60's and 70's, why cant the big 3 make vehicles like they did back then?? F bodys with a carburetor engine. They can make them a little bit modern with a fuel injuected opinion but, keep the square body look and put real muscle in them. Let the steel industry produce again, that will give people jobs. Oh wait I forgot the insurance companies, the epa, and all the other morons out there wont let them. Instead we putt around in little jap cars and or bubble style government motor cars... No thanks.