Oracle of Delphi

You mean where the Chapter 11 paperwork is signed and sitting on Fritz' desk?

LaNeve (AKA: Mr. Snow), or anyone else in his position would have to say that, GM doesn't want Pontiac dealers screaming from the rooftops. You did see in the plan where you told me to look where it says, "with Pontiac serving as a specialty/niche brand with reduced product offerings". What does reduced mean to you? Pontiac for a time will be the entry level brand for BPG. As I said before, only the core brands of Cadillac, Buick, and Chevrolet will get an Alpha.

A niche brand can mean anything, even a brand of small 4 cylinder fuel efficient vehicles.

Some here can't see the forest for the trees. I love how all of you think GM is still going to give you performance Pontiacs, when their ass is up against the wall, with their hat is in their hand, held out to Uncle Sam. Do you actually think the Congress will hand GM money to build performance Pontiacs? Let me quote from the plan itself "Chevrolet, Cadillac, Buick, and GMC represent the company’s core brands, accounting for 83% of current sales. The company will focus substantially all of its product development and marketing resources in support of these brands." I don't see Pontiac mentioned there, so in effect, Pontiac will consist of the G3, G5, and Vibe, that is until sales dwindle so much that not many BPG dealers stock Pontiacs. GM will starve Pontiac of product until it can actually close it down without any legal issues from BPG. GM doesn't have the resources to just come out and close Pontiac down, if you recall, it was a billion plus to close down Olds? Part of what GM is touting is the Chevy Volt to Congress, what they fail to mention is that the Volt will cost over 40K, in the world of less than two dollar a gallon gasoline which we seem to be back into (I filled up the Big Prix with 93 Octane for $1.98 a gallon today), how many people will fork up that amount of cash in today's economy? I agree that GM will maintain about 51% interest in Saab, they may even entertain the notion of the Swedish government taking over 49% of Saab. Besides all of this, Congress is about to give GM's plan the thumbs down, it seems they have been swamped with constituent's Mail/E-Mail who don't want to see the government help the big 3 in any way, shape or form. As I said deftones, enjoy your Pontiacs while you can!

WASHINGTON - Senate Majority Leader Harry Reid says the Democrats’ plan to tap the Wall Street rescue fund to save U.S. automakers doesn’t have the votes to pass. One day after Detroit’s Big Three sent survival plans to Capitol Hill in an urgent plea for $34 billion in government aid, Reid said there’s still not enough support in Congress for using some of the $700 billion bailout to help the teetering carmakers. He told The Associated Press in an interview, “I just don’t think we have the votes to do that now.” The Bush administration and auto-state Republicans and Democrats are pushing instead to take a $25 billion program to help the carmakers produce green vehicles and convert that into emergency loans. Automakers and their union worked feverishly Wednesday to sell a skeptical Congress on a $34 billion aid plan, promising labor concessions and restructuring in advance of a second round of hearings. In Capitol Hill meetings, industry officials said the collapse of one or more of the Big Three carmakers could deepen the recession and undermine the companies’ ability to survive. “We’re on the brink with the U.S. auto manufacturing industry. We’re down to months left,” Chrysler’s vice chairman, Jim Press, told The Associated Press in an interview. “If we have a catastrophic failure of one of these car companies, in this tender environment for the economy, it’s a huge blow. It could trigger a depression.” Video Chrysler exec on autos crisis Dec. 3: Chrysler’s Press: ‘If one of the automakers goes down, the rest go with it.’ CNBC GM’s president and chief operating officer, Fritz Henderson, who met with congressional aides, said choosing the bankruptcy route would further erode consumer confidence in his company. About 25 auto dealers also combed through the House and Senate office buildings surrounding the Capitol, lobbying for the bailout package. The UAW, scrambling to preserve jobs and benefits, agreed at an emergency meeting in Detroit to delay the companies’ payments to a multibillion-dollar, union-run health care trust and scale back a jobs bank in which laid-off workers are paid most of their wage. The concessions could help soothe some lawmakers who had criticized the union’s benefits as too rich when compared with those of workers at foreign-brand auto plants in the U.S.. “It should be helpful. It’s additional evidence that the UAW’s willing to participate in the painful restructuring,” said Sen. Carl Levin, D-Mich., a top supporter of the industry. GM and Chrysler said they needed an immediate infusion of government cash to last until New Year’s, and both said they could drag the entire industry down if they fail. Ford wants a $9 billion “standby line of credit” in case a competitor fails. Chrysler said it needed $7 billion by year’s end to keep operating. GM asked for an immediate $4 billion as the first installment of a $12 billion loan, plus a $6 billion line of credit to use if conditions worsen. Ford’s chief executive, Alan Mulally, and GM’s chief executive, Rick Wagoner, said they would work for $1 a year if each company accepted government loans. The carmakers also have offered to cancel bonuses and merit raises. Chrysler said its chief executive has cut his annual pay to $1. All three plans envision the government getting a stake in the companies that would allow taxpayers to share in future gains if they recover. The Senate Banking, Housing and Urban Affairs Committee was to hear testimony Thursday from the executives, the UAW’s president, Ron Gettelfinger, and the head of the Government Accountability Office on the companies’ plans. The House Financial Services Committee planned similar session Friday. Officials at the White House and the Treasury and Commerce departments were scouring the plans. White House press secretary Dana Perino said it was “too early to say” whether the companies have outlined a path toward viability that justifies new federal assistance. President-elect Barack Obama said it appeared that Big Three chiefs were returning to Washington with a “more serious set of plans.” The bailout faces a skeptical public. Sixty-one percent oppose providing the auto companies with billions in federal assistance, according to a CNN-Opinion Research Corp. poll released Wednesday. Fifty-three percent said it would not help the economy. Few saw any quick impact if the U.S. auto industry were to go bankrupt — only one in three said it would affect them immediately or in a year. Most of the rest said they thought it would affect them eventually, though nearly one-quarter said they would never feel its impact. Earlier Wednesday, GM's Henderson said that bankruptcy isn’t a viable option because it would further erode consumer confidence in the automaker and “we want them to be confident in their ability to buy our cars and trucks.” Henderson appeared on the network morning news as leaders of the UAW was immersed in intense discussions on possible givebacks for the companies at an emergency meeting in Detroit. Henderson said that GM is ready to undertake a host of steps needed to resize. But he also said on NBC television that "to win, you've got to win with product and technology. ... And we do not want to give consumers a reason not to buy our cars and trucks." Chrysler LLC and Ford Motor Co. — as well as GM — have ditched their corporate jets for hybrid cars and replaced vague pleas for federal help with detailed requests for as much as $34 billion in their second crack at persuading Congress to throw them a lifeline. Henderson acknowledged Wednesday that the initial appearance by the heads of the car makers was a public relations failure. "Yeah, it certainly was not our finest hour," he told NBC. "We were not as clear about what we wanted to do." He also conceded that the decision by the executives to travel to Washington by private jet "was a problem" for lawmakers. Link: http://www.msnbc.msn.com/id/28030726/

It's OK XP, I still lovs ya!

Aren't you the smart gmpartsgirl, but most of my stock was granted to me by GM at different points in my career. Including my EDS stock which I still have not turned over to HP yet.

As soon as the hearing is over is my guess.

And what if donkeys could fly?

Excellent!

Actually yes, I don't eat meat, I low carb by eating veggies only. Diabetes runs in my family and I don't plan to go down that road. For protein, I eat beans and tofu.

Actually Oldsmoboi, I rarely pay much attention to what you say one way or another. They had the road tied up for 25 minutes, they had a major road blocked off that I95 feeds into, and they had no business asking me where I was, and where was I going. Next time, if there is a next time, I will tell them the truth. I was at the pharmacy buying condoms, and I'm going home to F my wife. let's see how they process that. It's an invasion of privacy and an affront to personal liberty to boot It's a slippery slope!

Happy Birthday DFELT!

I didn't say it wasn't, but the people in Delaware have asked that these sweeping checks be curtailed, with the old Repubs in the Statehouse blocking the will of the people each and every time. But they no longer control the State Senate, or the State House of Representatives and of course our Governor is Blue. So what I was saying was that come January this will be amended along with Obama taking a long hard look at the P A. The legislature goes back to work in January, these were campaign promises, and will be acted on then I wonder why I am the only member here who is called Dumbass, pompous ass, smart ass, prick, asshole, arrogant, etc. I have always treated people on C&G with respect and have never resorted to name calling or used the above listed epitaphs to anyone here. Seems there are different rules here, when it comes to me anyhow. Have a Great Thanksgiving!!!

I wish everyone a Happy Thanksgiving, now that its officially here on the East Coast. I have my whole family here today, minus my dad. I will miss him!

Very nice, I recently got two small tattoos in very private places (did it for the wife, she asked for them), I considered two nipple rings but that's all I did was consider them. :AH-HA_wink:

No, I got the one about IMPORTANT INFORMATION ABOUT THE GENERAL MOTORS CORPORATION DIVIDEND REINVESTMENT AND STOCK PURCHASE PLAN Sigh!

You always make me smile!

The seat belt law has not been in effect all that long in Delaware, citizens fought it for years. There is no helmet law for those who ride motorcycles in Delaware either, it's considered a law against individual freedom here.

I'm very happy about standing up for my rights, and am very happy that the Dems have taken over that statehouse finally, they will change the law here, come January so the State police can no longer do the blanket pullovers and must have just cause to pull someone over, that's how its supposed to be.

No you miss understand, in Delaware they set up road blocks and pull every car over, there was no just cause to pull me over, they pulled everyone on the road over.

Just standing up for my individual rights as a US citizen, oh that's right, you're in Canada.

Not my cup of tea.

100%

Right my little road stop brought down GM!