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Everything posted by Oracle of Delphi
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Your plant management knows me well, even Dolan knows me to speak to, and he was in OKC at that time. All your senior engineers know me along with the plants EDS senior staff ... I always leave on good terms, burning bridges is not my thang ...
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Which car led to the death of Oldsmobile
Oracle of Delphi replied to 01Malibu's topic in Heritage Marques
The Saturn SL was the car that lead to the death of Oldsmobile ... -
First, I did not oversee that plant, I was an Opel employee assigned to that plant to help with the upcoming LS series which was based off the Opel Vectra, with time my role expanded greatly. Perhaps you need to know about the subject matter before you start to write about it. Is that not the first rule of journalism?
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Opinions are like assholes, everyone has one ... Even when the L car was at the end of it's model life (a decade later), and as the last L car rode down the assembly line, the Wilmington plant was still making 750 units a day.
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Yeah right Corsica and Beretta were failures ... That's why the Wilmington plant made a 1000 units a day, and GM had two plants producing them Wilmington, DE and Linden, NJ. Automotive journalism you say? Don't give up your day job ...
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Poor old H body ...
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I'd rather walk. The front fascia looks like it's sucking on a lemon. Alfas are among the most expensive and time-consuming cars to fix when things go wrong, and according to the Euro Auto rags, they continue to sit near the bottom of the reliability table.
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MASSILON, Ohio - Evidence of the slumping economy is stacking up at an Ohio school which has nearly 700 applications for one open janitorial job. Officials at Perry Local Schools near Canton in northeast Ohio say they've extended the deadline until Monday to accommodate the overwhelming response to the week-old posting. The full-time position at Edison Junior High School pays $15 to $16 an hour plus benefits. Superintendent John Richard says many applicants are laid-off workers with heart-wrenching stories about the tough economic times. Donna Croston, 49, said she applied after losing jobs at two nearby factories that closed. Croston said her chances of being hired amid the hundreds of applicants are slim, but that she was hoping to get lucky. Link: http://www.msnbc.msn.com/id/29574766/
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Do you know which plant built the car? Was it Lake Orion or Kansas City? I've learned over the years not to buy any GM vehicles built in Michigan. I've always had bad luck with any GM car built there, so now I avoid those plants like the plague ...
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Small Car Sales Boom in Germany amid Automaker Crisis
Oracle of Delphi replied to Oracle of Delphi's topic in Opel/Vauxhall
Maybe we need a "scrapping bonus", it seems to be working in Germany. Now the UK is going down that road too. -
WHAT CAR STARTED THE DEATH OF SATURN?
Oracle of Delphi replied to regfootball's topic in Heritage Marques
Saturn told GM, that GM didn't know what they were doing for 80 years ... I disagreed, as I own an example of GM's 60's technology, and I enjoy it to a great degree ... I never liked Saturn's "Don't ask, don't tell" philosophy about being part of GM, there always seemed something a little dishonest about that to me ... I also didn't like the fact that Oldsmobile was sacrificed for Saturn, and I'm still waiting for Saturn to pay back the millions GM invested in it's inception. Like Camino, I'm still waiting ... Don't confuse my hate of Saturn with the car, that was reserved for Saturn's management, engineers, sales, and assembly staff, that I had issues with. They all seemed like mindless automatons, that always thought they were better than the rest of GM. I still laugh at the thought of Saturn wanting to run an assembly line using Windows NT ... Here's to you boys ... -
On this we agree ...
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First Primo is Italian for first ...
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Kopy Kat ... http://www.cheersandgears.com/index.php?sh...28126&st=30
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There is a Hairy Ass hidden among the camels ...
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If GM ceases to exist, what will your next vehicle be?
Oracle of Delphi replied to Oracle of Delphi's topic in The Lounge
As for me, it will be BMW. I have lusted after those cars since I was a boy in West Germany ... -
A bankrupt company can file Chapter 11 of the Bankruptcy Code to "reorganize" its business. According to the SEC, if a business files Chapter 11, "Management continues to run the day-to-day business operations but all significant business decisions must be approved by a bankruptcy court." During Chapter 11 bankruptcy, the U.S. Trustee, the bankruptcy arm of the Justice Department, will appoint one or more committees to represent the interests of creditors and stockholders. The committee works with the company to develop a plan of reorganization to get out of debt. The plan must be accepted by the creditors, bondholders, and stockholders, and confirmed by the court. Once the plan is confirmed, a more detailed report must be filed with the SEC on Form 8-K. The trustee may ask stockholders to send back the company's stock in exchange for new shares in the reorganized company. These new shares may be fewer in number and worth less. Stockholders will also stop receiving dividends. Under Chapter 11 reorganization, the company will explain investors' rights and what investors can expect to receive, if anything, from the company. Bondholders will stop receiving interest and principal payments, and in exchange for their bonds may receive new bonds, new stock, or a combination of stock and bonds. The SEC site further explains that when a company files under Chapter 7, the company stops all operations and goes completely out of business. A trustee is "appointed to 'liquidate' (sell) the company's assets and the money is used to pay off the debt, which may include debts to creditors and investors." If the company files for Chapter 7, the stock is usually worthless and stockholders lose any money they've invested in the company. In bankruptcy, those who take the least risk are paid first. Unfortunately for most of us, the shareholders are at the end of the payment line. First to be paid are the secured creditors, usually a bank. Second are unsecured creditors, such as banks, suppliers, or bondholders. Finally, stockholders are paid out -- a tough place to be for the "owners of the company."
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If GM ceases to exist, what will your next vehicle be?
Oracle of Delphi posted a topic in The Lounge
Title says it all, but if GM should go Chapter 7 and go totally out of business, what vehicle will you buy next? Have you thought about it at all yet?