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2 Comments

  1. Nathan June 15, 2009 @ 10:39 pm

    Not so fast, Rob. I would be surprised if “Government Motors” even keeps a fuel burner like the Camaro or, gasp, the Corvette. Our trusted and revered icons are falling like flies, right in step with the generation that invented them. I see a correlation there. Energy conservation should always be an important issue, but we are moving into an era of “no margin for error”, which could be the death knell for many of our old ways of life. I fear the days of driving for pleasure, a favorite American past time, may be numbered. Much to my chagrin.

  2. Rob June 16, 2009 @ 7:56 am

    I disagree. Take a look at the Dodge Challenger, which gets about 13mpg, maybe. That is Dodge’s best selling car since its release because it had history. The Camaro in comparison, sips fuel and is also GM’s best selling new car, as the Challenger was for Dodge.
    The Corvette is also the most fuel efficient sports car you’re bound to see in America (20mpg city and 28-30 mpg highway depending on if you know how to drive one.) In comparison to say, a McLaren F1, which gets 6mpg, that’s pretty good.
    The days of driving for pleasure are not over. Every company has that one car that stands out as the ‘fun’ to drive. For Honda it was the Acura/Honda Integra/RSX, or at the top end, the NSX. Toyota had the Supra and Lexus’ LS430 and the IS-F. Nissan has a whole ton of them with the 350z, 370z, GT-R, and under Infiniti the G35 and G37. If the Japanese can maintain their success in making those, why won’t GM wth proper restructuring?

Welcome to Government Motors

Business Comments (2)

What was once the top of the American auto industry, the 300-pound gorilla known as General Motors, is preparing to file Chapter 11 – bankruptcy.┬áThis is the company that owned names like Hummer, Saturn, Pontiac, Buick, GMC, Chevrolet and Cadillac. This is also the company that just last year was deemed “too big to fail.”

Perhaps the government spoke to soon.

On June 1, GM was scheduled to turn over the keys and let the government take the wheel.

On May 31, the company scrambled to finish accounts oversees, from handing bond holder issues to loaning Opel to a Canadian parts supplier. The plans so far are to break the company in half, leaving “New GM” and “Old GM.”

It is thought, though it won’t be clear until the details are made public, that “New GM” will be the leaner, more conservative portion of the former GM, and will be able to retain the stronger name brands;\, while “Old GM” will work its way into non-existence over time.

General Motors and partners that secured stakes in the separation of GM, such as Magna, which secured Opel, plan to keep factories open if GM closes, preserving some 25,000 jobs according to Fox News. Other employees may not be so lucky at home or abroad, but it is nice to know that there are some companies that still place value in employees.

Hopefully the GM restructuring succeeds, because it would be a shame for the Camaro to die again.

Rob @ June 8, 2009

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