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Spike

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Everything posted by Spike

  1. How many workers in foreign nations have you spoken with? Why did they say that they had no pride in the job that they had?
  2. The G6 and Malibu are on Epsilon while the Ion is on Delta with the Cobolt.
  3. I think that this only reminds the public where Cadillac used to be. Cadillac needs to convince everyone that their current products have the same stature as their classics. What does this say to the buying public? Our products used to be great, why not buy our new stuff. I think they need to spend their time and resources promoting their current products. The original Zeppelin T.V. ads were great. They would highlight Cadillacs of the past then spotlight the new breed of cars. The focus was not entirely on old products. As was stated previously this has the potential to be a great loss. While being accounted for as an advertising expense, it does not promote new Cadillac products. This is reminiscent of the Zarella era. Instead of having a product driven portfolio, just sell the brand. I do like the fresh thinking that brings ideas like this out. In the long run it can be extremely beneficial to GM.
  4. They already do help power a Dow Chemical plant.... http://www.gm.com/company/gmability/adv_te...nary/index.html
  5. The yellow wipers have to go as well....
  6. WSJ says that the current 9-2x will be around until the current WRX gets replaced....
  7. What about somethhing Lambda based??
  8. Here is the press release: DETROIT – General Motors Corp. (NYSE: GM) today announced the sale of its approximate 20 percent equity stake (about 157 million shares) in Fuji Heavy Industries (FHI). The alliance between GM and FHI will end and GM will refocus its efforts and resources in the Asia Pacific region’s high-growth markets and with its other strategic partners. Toyota Motor Corporation will purchase 68 million shares, or approximately 8.7 percent, of FHI shares outstanding, from GM for JPY 520 ($US4.60) per share, or about US$315 million in cash. GM intends to divest its remaining 11.4 percent interest by offering for sale its shares (89 million shares) into FHI’s 90 million share open-market buyback program announced earlier today, and through market sales if necessary. “We’ve had a good partnership; however both GM and FHI came to the conclusion that there were not enough collaborative projects to sustain the alliance and that each of our interests could be better served through a different approach,” said Troy Clarke, GM group vice president and president, GM Asia Pacific. “We have a great deal of respect for FHI and Toyota . We wish them well in their new relationship.” The divestiture of GM’s stake in FHI is expected to be completed in the fourth quarter. Since GM acquired a stake in FHI in 2000, the companies have been involved in various joint projects in product development, advanced technology, global purchasing and supply chain management, and product distribution. GM currently partners with FHI on one production vehicle, the Saab 9-2x, which will continue. Other joint arrangements with FHI will be dissolved over time. For example, GM and FHI’s previously announced Saab crossover vehicle development program will be cancelled. Also today, GM will file a Form 8-K at the Securities and Exchange Commission describing a restatement of its second quarter 2005 financial statements to reflect a reduction of between $700-$800 million in the carrying value of its FHI stock. The sale by GM of its interest in FHI, including cash proceeds received and any potential gain on sale, will be recorded in the fourth quarter. I do find it interesting that they are still continuing with the next 9-2x, however, Saab will not be getting the crossover.
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