Drew Dowdell

PM me later this evening and I'll help you

Whenever I have a tenant I don't like and don't want I give them great references. References that they'd hang up on the fridge.

That's a good way to help them survive.

And where would I be if I would only buy Oldsmobiles? You don't see me stomping off the site because Olds is gone. I've been a member here since before the Olds announcement.... and look.. I'm an admin now.

Camaro, Duramax, Silverado

If GM can fill in the hole left by Pontiac with new GMCs and Buicks, you'll be fine. You're getting a new GMC Terrain, Buick Lacrosse, and likely a new Buick Regal. not a bad start. If GM were to bring over the Chinese Park Ave, Buick would suddenly have a better large sedan than Cadillac.

That's like saying you're not going to be friends with your old buddy who you used to go running with because he got into a massive car accident and has to lose his leg or die from gangrene.

Percent of market share, much like horsepower per liter, is a non-starter. I much rather a profitable, healthy, and innovative GM at 12% than a lumbering giant, drifting into the iceburg at 22%

+1

I understand this is an emotional issue, but I ask everyone here to put this into some perspective. The MSM keeps toying with the news of an economic recovery. "Green shoots" they call them. They are lying or dumb or both. Look at Pontiac's closure with these other news stories in mind: New residential homes sales showed a 30% y/y decline and a 75% drop in sales from the peak. US manufacturing forgot to take part in the rally as durable output fell 0.8% in March. New 1st quarter orders were down 27% y/y. The Jobless rate in CA is 11%, NY is 8%, FL is 9.8%, NV is 10.2%, OR is 12.1%, NC is 10.9%, Il is 9.1%, SC is 11.4%...look at the trend line. Which way is the momentum pushing? Buried in all of the other noise.... mortgage default for prime loans in California hit a record. California is such a trend setter. Let all of that sink in for a moment...... and then read this: (source link) Pontiac closing is small potatoes for what's to come. - Auditors report that nearly one-quarter of publicly traded companies may not live out the year.

Uh, what modern Opels have you actually driven or ridden in? The Astra is probably the best of what they've got. The Insignia isn't even out yet but I'd feel perfectly comfortable putting it up against the Malibu and Lacrosse depending on the trim.

Hopefully you and Opel will have the same effect on BMW that you've had on GM.

At MSRP the Cobalt's TCO after 5 years is only $2k more than a Corolla. $1,300 of that is in insurance difference. Who pays MSRP for a Cobalt?

Yikes. Talk about first draft. Is is really larger than the outgoing model? Cars.com thinks so.

I'm not so sure I agree that they don't understand the auto business. What I am sure of is that they are looking 20-30 years down the road and if GM has any hopes of being there, they need to cut very very deep. What I will agree with is that the government is going about this the entirely wrong way. GM should have declared bankruptcy 6 months ago and let the government do the financing for it. I don't know what all the fear about bankruptcy is about. Nearly every airline has been there. Donald Trump has done it like 10 times and he's still around. It's the only way to shed the albatrosses.

This is probably bankruptcy prep. If Pontiac's closure is done under Chap11, the costs won't be anything like Oldsmobile.

I said that, at the time, you couldn't say that the Obama administration forced Pontiac's closure. All you gotta do is back up your statements.

Don't bet on it reversing in the next 10-15 years. The credit market is gone. People are reluctant to get into new debt and will be for some time. Many people can't get into new debt because their credit rating has been crushed by this depression. Unless there is a scoring change soon, that $h! is going to hang around on people's credit reports for 7 years. The "Buy here! Pay here!" lots should do well. This is a reset on attitudes not seen in decades. We'll have another 1955 - 1968 style car renaissance again.... starting in 2025.

Not that I'm going to stick up for an obviously grumpy Camino, but I have to agree with his point. The Corolla is not, and never has been, all that it's made out to be. Even as far back as 2000 you could get a superior handling, larger, more powerful, Ford Focus. The Civic has been a superior car to the Corolla in nearly every way for as long as I can remember.

If the G8 capacity goes anywhere, it should go to Buick. It requires ZERO development and fills the same sized hole left behind when Pontiac exits stage left. Demand wouldn't overtax the limited capacity at Holden and they would be able to sell at higher price points. It also allows GM to immediately ditch the G-body Lucerne and DTS with it.

No, not all CEOs are bad, but of the bad ones few, if any, have taken any responsibility for their company's actions. If they do leave the company, it's usually with a handsome bonus. As far as paying down credit debt and changing spending habits.... these are good things in a vacuum, but it will end up dragging this depression out longer. I've maintained for a while that instead of giving all of this money to the banks, the government should have just given everyone in America $10,000 with the stipulation that it be used to pay down debt first. It would have immediately recapitalized the banks while also wiping out the debt of the American consumer so they could start buying again. If you're going to inflate the currency anyway, at least do it in a way that benefits the most people.

I'll see that and raise you a "Golden Parachute"

They've already done a bang up job with Chrysler.

Watch the politics. You have no idea if the administration was even involved in the decision.