General Motors will file for Chapter 11 protection on Monday in the biggest ever bankruptcy of an industrial company, tapping an additional $30bn in government financing and sparking a probable legal battle between the carmaker’s stakeholders.
President Barack Obama and Fritz Henderson, GM’s chief executive, will speak after the filing in New York, seeking to reassure workers, suppliers, dealers and car buyers that a reinvigorated GM can emerge from a court-supervised restructuring within 60-90 days.
never thought it would happen? lol naive young guy...everyone was expecting this to happen...
Jun-01-2009 13:08
stren
Strenowski
Registered: Jul 2004
Location: Warsaw, Earth, 1 AU
what about Opel ?
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insignificant cor member alliance
Jun-01-2009 13:27
Moral Hazard
Oppressing the 99%
Registered: Mar 2005
Location: with the 1%
quote:
Originally posted by stren
what about Opel ?
I thought Opel was sold to Magna on Friday... is this not correct?
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quote:
Originally posted by RickyM
you're just a shit version of Moral Hazard. At least he knows what he's talking about.
quote:
Originally posted by pkcRAISTLIN
lol, i love it when moral feels the need to lay the smack down
Jun-01-2009 13:40
Joss Weatherby
Banned
Registered: May 2008
Location: The Pacific Northwest, of course
Good riddance to bad rubish.
This idea that the US needs to prop up its failing car manufacturers is totally nuts. Neither GM or Chrysler would ever begin to create cars that fell in line with the products offered by the Japanese/European makers and its their own long history of hubris that killed them.
I hope Ford wakes up and realizes people like cars that dont suck ass and need to be replaced every 4-6 years. THere is a reason people choose to buy a 20 year old used Honda over a new or slightly used American make.
Jun-01-2009 15:01
Azz3D
Asobi Seksu'd
Registered: Jul 2002
Location:
quote:
Originally posted by Joss Weatherby
Good riddance to bad rubish.
This idea that the US needs to prop up its failing car manufacturers is totally nuts. Neither GM or Chrysler would ever begin to create cars that fell in line with the products offered by the Japanese/European makers and its their own long history of hubris that killed them.
I hope Ford wakes up and realizes people like cars that dont suck ass and need to be replaced every 4-6 years. THere is a reason people choose to buy a 20 year old used Honda over a new or slightly used American make.
I think Americans CAN make good cars, but DON'T WANT TO in order to maximize profit (American capitalist system at work) and it seems like people are just waking up to that now.
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Summary of an ASOT episode:
- The newest tunes selected!!!! the hottest tracks in a row!!!! here is your host arrrrrmin van buuuuuuuuhreeennnnnhnnhhn
- hello and welcome glad u cud join us this is a state of trance episode blah blah blah
- waaaaaaaaaaaaaaaaaaah waaaaaaaaaaaaah whineeeeeeeeeeeee blah blaaaaaaaaah
- that was the newest track by blah bla and before that was blaaaaaaah
- waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa....the end
Vomit-inducing trifecta tunage: Zocalo | Summer Dream | Shivers
Jun-01-2009 17:23
stren
Strenowski
Registered: Jul 2004
Location: Warsaw, Earth, 1 AU
quote:
Originally posted by Moral Hazard
I thought Opel was sold to Magna on Friday... is this not correct?
I've heard its been sold to some Canadian company, I don't know the details.
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insignificant cor member alliance
