Jump to content
Create New...

Oracle of Delphi

Members
  • Posts

    9,791
  • Joined

  • Last visited

Everything posted by Oracle of Delphi

  1. It's parked in one of the spaces in my garage ...
  2. I decided to take a defensive driving course since I have some free time and I found out a friend of mine teaches the class, should be fun and educational ...
  3. Washington
  4. Very nice, cleanliness is next to Godliness ...
  5. Sweet ...
  6. I bet you would, like I said the Holden front fascia just looks better to me than the Pontiac version, it's cleaner, less cluttered, and enough power to push your balls up into your throat, literally ...
  7. My wife would frown upon this, as she says, she is my only natural blond. She knows I have a weakness for them ...
  8. It's in Germany now, but I don't know for how much longer. It was ordered to be scrapped, but was moved out of Switzerland to Germany so it wouldn't show up in the Swiss accounting. So when Detroit looks for it, they can no longer see it in Switzerland where they expect it to be. The man at the top hopes that out of sight is out of mind ...
  9. Happy Birthday Carbiz ...
  10. I will be moving to München (Munich), and will have a big office with a black leather chair that I will spin around in and say WEEEEEEEEEEE, in the BMW tower. I will have a major role in selecting future computer and plant floor systems for BMW Group's global manufacturing network ...
  11. http://www.carcomplaints.com/Chevrolet/Cob...2005/tsbs.shtml
  12. Thanks all. Now CD, you above all know I don't kiss and tell ...
  13. How awful ... Our thoughts and prayers are with you and your family ...
  14. Why would I stop coming around? I retired from GM with 20 years of service, as such I still get the GM Employee discount, as long as that last or I live, whichever comes first. Besides GM is in my blood. As for CPF, he had a lot to do with me going to BMW, after all he use to work there and made this transition seamless for me. I have been told I can come back to GME whenever I like, but it's time for new frontiers for me, time to learn new and exciting things. I'm fortunate to work under EU rules, which are more liberal and generous than their U.S. counterparts. I'm not sure GM will survive the coming storm, which did play a small part in my decision to leave at this point in my career, but believe me I was so close in deciding to try and stay another 10 years. But this opportunity may never come around again and I have to grab the brass ring while it's offered. I thank those of you who wished me well, I hope and pray the same for you too. But like I said, I won't be leaving C&G, I'll still be around ...
  15. Well they are not like my brother's who has one brown eye and one blue, when he was little we called him Husky dog ...
  16. Sure it was necessary to say, no one should be under any illusions as to how bad GM is financially, all things considered, I don't know if GM is going to survive ...
  17. My retirement papers from GM have been signed and submitted, they take affect March 31st, 2009 at COB. I start officially with BMW on May 4th, 2009. With my sick and vacation time I have, I will be paid until June 15th, 2009 by GM. 20 years with GM, so many memories, so many thoughts, I struggled with this decision for many months, with long sleepless nights, it was not an easy one for me ... I will be 40 in June, here's to another happy 20 years at BMW ...
  18. Nah, it won't be Opel, as for Cadillac, it is being withdrawn from half of European market. What I think you will see in the near future is the outright killing of Pontiac, no RWD will be safe now under any brand, including the Corvette ...
  19. Y'all do know old Fritz boy was hand picked by Wagoner don't you, and y'all know he is a Bean Counter, don't ya? And I know how much y'all love Bean Counters! Can you imagine what he is going to cut first? I can ....
  20. I have some work here (here being the USA) to do this week ... Easter week we will be staying at a friends condo in Ocean City, Maryland, then off to Japan for something special ...
  21. Yank? I am a Texan, hardly a Yank ...
  22. WASHINGTON - The Obama administration plans to give General Motors Corp. enough government aid to restructure over the next 60 days, while Chrysler LLC will get up to $6 billion and 30 days to complete an alliance with Italian automaker Fiat SpA. Two people familiar with the plan said Sunday it will demand further sacrifices from the automakers and bankruptcy would still be possible if the automakers failed to restructure. The officials spoke on condition of anonymity because they were not authorized to make details public. President Barack Obama was announcing his plan on Monday. It includes government backing of warranties for GM and Chrysler vehicles to give consumers confidence in the U.S. automakers' cars and trucks. Administration officials said Sunday that General Motors CEO Rick Wagoner was stepping down immediately at the request of the White House, a sign of major changes at the auto giant. GM has already received $13.4 billion in government loans and Chrysler has survived on $4 billion in federal aid. The automakers have been hard hit by the economic downturn and the worst decline in auto sales in 27 years. In progress reports filed with the government in February, GM asked for $16.6 billion more and Chrysler wanted $5 billion more. But the officials said the Obama plan would not go that far, providing short-term aid in exchange for significant sacrifices. Fiat alliance? The officials said the administration did not view Chrysler to be viable as a standalone company. Under the plan, the government would provide up to $6 billion to forge the alliance between Chrysler and Fiat, but if the companies failed to reach an agreement or find an alternative plan for viability, Chrysler would not receive additional federal aid. Fiat executives have talked to the White House auto task force about a proposal to acquire a 35 percent stake in Chrysler in exchange for small car technology, transmissions and other items that Chrysler has valued at $8 billion to $10 billion. General Motors, meanwhile, would have a limited window to work with the United Auto Workers union, bondholders and other stakeholders and would receive an undisclosed amount of "interim financing" over 60 days to restructure the company. The officials said the administration would determine how much GM would need in "permanent capital" during the 60-day period. If GM failed to reach the concessions needed, some type of bankruptcy could be used at the end of 60 days, the officials said. The administration planned to send a team to Detroit to help with the restructuring during the next 60 days. With Wagoner's departure, new management would be decided by General Motors' board of directors in consultation with the government. An official said a majority of the GM board was expected to step down. Obama, in an interview with CBS' "Face the Nation" broadcast Sunday, said the companies must do more to receive additional financial aid from the government. "We think we can have a successful U.S. auto industry. But it's got to be one that's realistically designed to weather this storm and to emerge — at the other end — much more lean, mean and competitive than it currently is," Obama said. Sacrifices required Obama said the government would require a "set of sacrifices from all parties involved, management, labor, shareholders, creditors, suppliers, dealers. Everybody's gonna have to come to the table and say it's important for us to take serious restructuring steps now in order to preserve a brighter future down the road." Both companies are trying to reduce their debt by two-thirds and persuade the UAW to accept several cost-cutting measures. Very little was being done in negotiations with debtholders and the union ahead of Obama's announcement, a person briefed on the GM talks said Sunday. This person did not want to be identified because the negotiations are private. Under the terms of a loan agreement reached during the Bush administration, GM and Chrysler are pushing the UAW to accept shares of stock in exchange for half of the payments into a union-run trust fund for retiree health care. They also want labor costs from the union to be competitive with Japanese automakers with U.S. operations. Neither GM nor Chrysler have deals with the union on the trust funding or concessions from their debtholders and the administration has been trying to accelerate those efforts. GM and Chrysler, which employ about 140,000 workers in the U.S., face a Tuesday deadline to submit completed restructuring plans, but neither company is expected to finish its work. The administration's plan would be designed to accelerate those efforts. GM owes roughly $28 billion to bondholders. Chrysler owes about $7 billion in first- and second-term debt, mainly to banks. GM owes about $20 billion to its retiree health care trust, while Chrysler owes $10.6 billion. In February, GM said it intended to cut 47,000 jobs around the globe, or nearly 20 percent of its work force, close hundreds of dealerships and focus on four core brands — Chevrolet, Cadillac, GMC and Buick. Chrysler issued two scenarios in its February plan: one as a distinct company, and the second in an alliance with Fiat. Chrysler said in its February report that it would cut 3,000 workers and eliminate three vehicle models, the Dodge Aspen, Dodge Durango and Chrysler PT Cruiser. Link: http://www.msnbc.msn.com/id/29944834/
×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

Write what you are looking for and press enter or click the search icon to begin your search