GM to cut 21,000 US factory jobs and shed Pontiac.
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http://news.yahoo.com/s/ap/20090427/..._ge/us_gm_plan
As part of GM's restructuring Pontiac is going away...wtf?
Close to the bottom of the story
As part of GM's restructuring Pontiac is going away...wtf?
Close to the bottom of the story
The company said it would phase out its storied Pontiac brand no later than next year, and the futures of its Hummer, Saturn and Saab brands will be resolved by the end of this year by either selling them or phasing them out.
Last edited by Bring the Noise; 04-27-2009 at 10:40 AM.
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Haha... Should make my TA a collector. People ask and it'll b like ya they don't make these anymore. Kinda like the AMC. When you find one you keep it.
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It was either the TA or the Corvette and I am sure that the Corvette was not even part of that conversation. I would rather see 21K jobs lost than see the whole ship go down. Hell I should have bought that WS6 3 years ago than my Vette LOL.
"To sacrifice a few soldiers for the larger cause is more noble than sending your whole army on a suicide mission."
anonymous
"To sacrifice a few soldiers for the larger cause is more noble than sending your whole army on a suicide mission."
anonymous
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It was either the TA or the Corvette and I am sure that the Corvette was not even part of that conversation. I would rather see 21K jobs lost than see the whole ship go down. Hell I should have bought that WS6 3 years ago than my Vette LOL.
"To sacrifice a few soldiers for the larger cause is more noble than sending your whole army on a suicide mission."
anonymous
"To sacrifice a few soldiers for the larger cause is more noble than sending your whole army on a suicide mission."
anonymous
Seems kinda like instead of patching the hole in the hull, they are starting to throw people overboard to try and lighten the load. Unless they switch up the tactics, the ship is going to sink anyway.
If/when that happens, your Vette will be a collectors item too. Of course all the parts you are going to need to keep it running are going to skyrocket as the 21k people who lost thier jobs and GM as a whole, won't be manufacturing them anymore.
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It's worth more to someone looking to "collect" it. But not from a "I bought it to drive it daily and it has great manufacturer's support" standpoint. Anything is only worth what someone else is willing to pay for it. No more, no less.
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Guys... The government can not afford to let a large company like GM close for good. I can never see it happening. Here is why.
All these people who work guess what they pay taxes. All the employers at the plants guess what they pay taxes for the company. All the GM licensed apparel and parts and misc. stuff with GM on it guess what you pay taxes for. All the dealerships that sell cars guess what pay taxes for the company. All the employees at the dealership guess what they pay taxes. Every time you guys go out and buy a car guess what you are paying taxes. All the people working in the plants and dealerships and anyone else tied in with the company who own land guess what they pay taxes. I think you can see where this is going
I would be willing to say that in my life time I won't see GM fail because of all the money that the government gets back from them. Sure they can afford to give them loans now because when everyone gets back into the American way they will be doing just fine.
All these people who work guess what they pay taxes. All the employers at the plants guess what they pay taxes for the company. All the GM licensed apparel and parts and misc. stuff with GM on it guess what you pay taxes for. All the dealerships that sell cars guess what pay taxes for the company. All the employees at the dealership guess what they pay taxes. Every time you guys go out and buy a car guess what you are paying taxes. All the people working in the plants and dealerships and anyone else tied in with the company who own land guess what they pay taxes. I think you can see where this is going
I would be willing to say that in my life time I won't see GM fail because of all the money that the government gets back from them. Sure they can afford to give them loans now because when everyone gets back into the American way they will be doing just fine.
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I believe I read that the government already warned GM to expect to file bankruptcy in June.
"In a filing with the Securities Exchange Commission, GM said it needs to exchange 90 percent of its unsecured notes — about $24 billion — by a May 26 deadline. It also states that GM will file for bankruptcy if not enough bondholders agree to change their notes."
When is the fire-sale on Pontiacs?
"In a filing with the Securities Exchange Commission, GM said it needs to exchange 90 percent of its unsecured notes — about $24 billion — by a May 26 deadline. It also states that GM will file for bankruptcy if not enough bondholders agree to change their notes."
When is the fire-sale on Pontiacs?
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Again, too many of these threads.