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GM declares bankruptcy (pg. 2)
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simplcake
what company is replacing GM on DOW
gehzumteufel
quote:
Originally posted by Moral Hazard
I thought Opel was sold to Magna on Friday... is this not correct?


quote:
Originally posted by stren
I've heard its been sold to some Canadian company, I don't know the details.


quote:
Originally posted by Autoblog.com
Under the deal announced early Saturday morning, GM will retain a 35-percent stake in Opel, which would allow the automaker to continue sharing technology with the German brand. Russia's government-controlled Sberbank is providing most of the financing for the deal and also gets a 35-percent share. Canadian auto parts maker and contract assembler Magna International will own 20 percent and the remaining 10 percent will go to Opel employees
gehzumteufel
quote:
Originally posted by simplcake
what company is replacing GM on DOW

None. They will be partially owned by the VEBA and the Canadian and US governments.
Audious
quote:
Originally posted by Kinezi
G W Bush

Jews
Krypton
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.


Actually, GM will be 60% owned by the government. Win!
Brian Scott
quote:
Originally posted by Krypton
Actually, GM will be 60% owned by the government. Win!


Socialist! Everybody look at the Socialist! He's a Commie bastard! Chastise this man!


Damn Jews own everything now!
gehzumteufel
quote:
Originally posted by Brian Scott
Socialist! Everybody look at the Socialist! He's a Commie bastard! Chastise this man!


Damn Jews own everything now!

:stongue: :stongue: I always laugh at those dumb s that call Obama a socialist or a communist. Yes, he has some socialist ideals, but he is far from being a socialist.
miamitranceman
Cisco is replacing GM on the Dow.

Sad day for sure but it was the right move. Production will continue on their popular/core brands and models and I think they'll be back to fight another day.
Krypton
quote:
Originally posted by miamitranceman
Cisco is replacing GM on the Dow.

Sad day for sure but it was the right move. Production will continue on their popular/core brands and models and I think they'll be back to fight another day.


As a shareholder of Microsoft (MSFT), I like seeing another technology company being added to the Dow.
simplcake
citigroup is out too lol, replaced by travelers

Kinezi
quote:
Originally posted by simplcake
what company is replacing GM on DOW


Prolly some company into either rebuilding of iraq or some company supplying weapons for war and destruction in iraq. Dick Cheney's companies..
The17sss
quote:
Originally posted by Krypton
Actually, GM will be 60% owned by the government. Win!


LOL. when has the government owning and running ANYTHING ever amounted to "win"? (see your local post office, social security office, DMV, Dept. of Social Services, public school system,..........).
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