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Everything posted by Oracle of Delphi
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GM Shares drop to 53-year low, Goldman urges "sell"
Oracle of Delphi replied to CSpec's topic in General Motors
Woot! -
For the fun of it..... What are your hobbies???
Oracle of Delphi replied to BuddyP's topic in The Lounge
I bike, by that I mean the kind you peddle. I only ride Ironhorse bikes that are made in the USA, Long Island, NY to be exact. Here is their logo and website: http://www.ironhorsebikes.com/ Check out some videos: http://www.ironhorsebikes.com/video/ Here is the current bike I ride and its actual color. It's a 2005 Ironhorse Warrior Competition Hardtail trail bike 19" high. I also run gaming servers, along with gaming forums for various current popular computer games. I have a massive server with 2 Terabytes of disk space. I also own a BMW motorcycle (not the kind you peddle). -
GM Shares drop to 53-year low, Goldman urges "sell"
Oracle of Delphi replied to CSpec's topic in General Motors
I was like a kid in a candy store today, if it goes below 10 bucks tomorrow I will be absolutely giddy. Remember when buying stock the goal is to buy low and sell high. -
On these we agree, they are Pontiacs, it's the Great Pretender I have issues with, it's not a Pontiac.
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From your lips to God's ears! Sorry couldn't resist! :AH-HA_wink:
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Harry Stoffer Automotive News June 26, 2008 - 3:21 pm ET WASHINGTON -- The Bush administration's plan to raise fuel economy standards 25 percent over five model years isn't tough enough, a group of lawmakers said today. Rep. Edward Markey, D-Mass., chairman of a House committee on climate change and energy independence, said high gasoline prices should compel the administration to go even higher. Markey said pending fuel economy rules should require cars and trucks to average 35 mpg by 2015 -- about 40 percent higher than today. He and other lawmakers will be making that point in a letter to the National Highway Traffic Safety Administration, Markey said. The agency is receiving comment on proposed fuel economy rules until Tuesday, July 1. Congress and President Bush in December enacted a law requiring vehicles to average at least 35 mpg -- but not until 2020. In rules to begin implementing the law in the 2011-15 model years, NHTSA in April proposed that by 2015 cars average 35.7 mpg and trucks average 28.6 mpg -- a combined 31.6 mpg. The cost-effectiveness of those targets is based on gasoline priced at $2.42 a gallon at the end of that period, administration officials acknowledge. With gasoline already averaging more than $4 a gallon, Markey called the calculation "absurd." He made the remarks at the opening of a hearing on the effects of fuel economy standards on gasoline prices. Tyler Duvall, assistant secretary of transportation, representing the administration, said energy prices are volatile, but many experts expect them to fall in the long term. Automakers and their allies have called the 35 mpg standard by 2020 difficult but achievable. But some have said the rapid start proposed by the administration in the 2011-15 model years already is too aggressive. Among others testifying today was Dominique Thormann, senior vice president for finance and administration at Nissan North America Inc. Thormann reiterated Nissan's plan to have all-electric cars in the market by 2010. He also said that full electrification of the automobile is the only way to achieve the goal of climate scientists to reduce overall greenhouse gas emissions by 80 percent by mid-century. That means today's hybrid vehicles represent transitional technology, he added. Rep. James Sensenbrenner of Wisconsin, ranking Republican on the committee, said Congress should work with the Detroit 3 rather than "providing a forum for a Japanese company." Link: http://www.autonews.com/article/20080626/A...paign_id=alerts
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June 26, 2008 - 3:30 pm ET TORONTO (Reuters) -- Canadian autoworkers acknowledged that General Motors' decision to close a Oshawa, Ontario, truck plant next year was irrevocable, a union leader said on Thursday after a meeting with company officials. "Are we accepting it? Eventually, if someone keeps hitting you over the head with a sledgehammer, you're going to wake up," said Buzz Hargrove, president of the Canadian Auto Workers, said at the union's headquarters. Hargrove said GM told the union it may decide to build a new model in its Oshawa car plant, where the new Chevrolet Camaro muscle car is set to begin production, but he added the situation looked bleak. "We talked about putting together an incentive program that will help with the downsizing of the Oshawa operation over the next four or five years," said Hargrove. The CAW said it would take a couple of weeks to look at the GM proposal on incentives before responding. About 2,600 unionized workers will lose their jobs when the truck plant is closed. GM's announcement of the closure ignited a firestorm of protest that included a 12-day blockade of GM Canada's headquarters. It came just two-weeks after the company signed a new three-year labor agreement with the union in which it said it would keep the plant open until at least 2011. An Ontario judge ordered an end to the blockade, but added that GM acted with "almost deceitful behavior" in the contract negotiations, which could make future bargaining difficult. The union has not totally given up hope on the fate of the plant, hoping the cyclical nature of the auto industry will allow GM to reopen it in the future, said Chris Buckley, president of CAW Local 222, in Oshawa. "Their business is changing every month ... so we're hoping that over the next year or two... things will turn around somewhat," he said, saying the union hoped GM could eventually find a vehicle that could fit into the Oshawa truck plant without a huge capital expenditure. "The key is for them not to demolish that facility," he said. GM shares dropped to their lowest in 53 years on Thursday after Goldman Sachs cut the struggling U.S. auto industry's largest manufacturer to a "sell rating" and warned it would have to raise capital. The housing and credit crises in the United States, along with the high price of gasoline, has put a big dent in U.S. auto sales, especially trucks and SUV's. GM makes the Chevrolet Silverado and the GMC Sierra at the Oshawa truck plant. It is one of four truck plants in North America the company said it would shutter to scale back production. GM officials left the meeting without speaking to reporters. Link: http://www.autonews.com/apps/pbcs.dll/arti...p;rssfeed=RSS34
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25K and no radio! :rotflmao:
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Most times I am at work at 6 AM, I will be back to Delaware in 2 weeks, but go ahead and sell it to Roger, I've kind of lost interest in it.
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Oh I think there is going to be a funeral alright, but not mine, perhaps a brand or two's. Well whatever happens, just remember I put the FUN in funeral. When I do finally go to the big GM Boardroom in the sky, on my tombstone I'm having engraved, "SEE I TOLD YOU I WAS SICK".
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GM Shares drop to 53-year low, Goldman urges "sell"
Oracle of Delphi replied to CSpec's topic in General Motors
Bought a whole bunch more today, when it goes up I am going to be filthy rich as opposed to just filthy! -
GM/Opel flagship will recognize traffic signs
Oracle of Delphi replied to Oracle of Delphi's topic in Opel/Vauxhall
He is really Bob Lutz! -
What ever he pays I can always pay more, still no e-mail from you.
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Hmmm, it ain't over till the fat lady sings, and you ain't seen nothing yet!
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As much as you might wish that to be true for you, you'll just have to be satisfied with just keeping my pic under your pillow. :AH-HA_wink:
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I am going to write a book when I retire. I think I will call it "A Börger in the GM Woodpile".
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They may look like Opels, however I think someone may be testing out a GMNA brand.
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Not Wood - Plood! :AH-HA_wink:
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A little birdie told me that there are 2 testing in Sweden, one on a SWB, one on a LWB.
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Hmmmm, I would have bought the Caddy from you last week when I was in Delaware (cause I have more money than God), but never got that e-mail you were supposed to send. That's Ok though, I'm in Europe now and have a new red baby to look after.
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The interior is nice, but I don't like how you see the muffler and everything attached to it hanging down underneath of the vehicle.
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For some reason, I am very attracted to this sign