Daryl Z71

Yup.

Nobodys interested in helping anyone out anymore. Its a sad day when a bank doesn't want to help a company out so their workers can keep their jobs. Greedy Greedy Greedy!

Looks like they're filing. I'm not surprised, but I am pissed that this is happening because the banks and hedge funds couldn't concede...you know...banks like AIG...the ones who got hundreds of billions of dollars thrown at them from the government. As far as I know they were the last obstacle.

Greed...

I am all for more environmentally friendly cars, but I wouldn't want the Corvette to go the way of the dodo bird...

I don't mind them at all, I just don't think we need to get rid of every damn car out there thats not. If Im forced to buy a GREEN car I will not buy anything at all, because I want no parts in ownership of one.

Pelosi needs to be removed - yesterday.

Damn beat me to it! Oh and I think Obama needs to fix the economy right now not worry about greener cars.

I'll trade you an 09 Silverado, 94 Camaro Z28, and $50.00! lol Seriously though I hope someone buys her from you.

Notice how "banks and hedge funds" are the remaining problem and why Chrysler would have to file Ch. 11.

Yea seems like they satisfied what the Government wants just not the banks.

We're not going anywhere for a while.

Recessions Follow Oil Price Increases

A recession has followed every significant oil price increase. Although our current economic malaise is blamed on the credit crisis, people forget what happened to the price of oil. In 2008 the average price of oil was $99 per barrel (per the Energy Information Administration). The year before it was $72 per barrel.

Year Oil Price (WTI) Total Spent on Oil:

2007 $72 $2.160 trillion

2008 $99 $2.970 trillion

In just one year, that price difference sucked an additional $810 billion from the world economy.

The same level of increase happened from 2006 to 2007. Simply put, we were going to have a global recession even if the credit crisis hadn't occurred. By the way, did you notice that the price increase is roughly the same as the current stimulus package? Do you think any future stimulus package will have any effect when oil goes back up in price?

This is what I mean when I say the CAFE regulations are going to help NOTHING. You can make the car manufactures raise their mileage standard all you want, but thats not going to get people to buy anything and keep the economy going when gas is $5.00 a gallon!

I NEVER liked Saturn. Every time I was around one of their vehicles they seemed cheap and junky.

AFP/File – Logo of the Saturn division of General Motors at the North American International Auto Show January 2009 …

By TOM KRISHER, AP Auto Writer Tom Krisher, Ap Auto Writer – Tue Apr 28, 5:31 pm ET

DETROIT – General Motors Corp.'s Saturn brand will either be sold or phased out by the end of this year, nearly two years faster than previously announced, the brand's top executive said Tuesday.

Saturn General Manager Jill Lajdziak said the brand, once billed as a different kind of car company, most likely will be sold, given the interest of several buyers who have surfaced. She says GM will take other bids for the brand until June 1.

GM has said it wants to sell or get rid of Saturn, Hummer and Saab as it restructures, so it can once again become profitable. It's also getting rid of the Pontiac brand.

In February, the company said it would keep Saturn going through the end of the 2011 model year, which is late summer in 2011.

But because of the interested buyers and demands to restructure faster, GM decided to pull the sale deadline forward, Lajdziak said.

GM is living on $15.4 billion in federal loans and must win concessions from its unions, reduce debt and make other cost-cutting moves before a June 1 government deadline.

The company has said it will shed the brands, cut jobs and close more factories as it tries to prove to the government it is worthy of additional loan money. If it can't meet the deadline, GM will head into Chapter 11 bankruptcy protection.

Lajdziak would not say when GM expects to announce a Saturn sale, but conceded the company will be on a fast timeline to complete a deal by the end of the year.

"We remain confident given the expressions of interest we've already had," she said.

Among the bidders for Saturn is a group led by Oklahoma City private equity firm Black Oak Partners LLC. The group said in a statement that it would get vehicles from GM initially, but it expects to sell smaller, fuel-efficient vehicles from other global manufacturers using Saturn's well-regarded dealership network.

GM started Saturn in 1990 as a small-car answer to Japanese automakers and billed it as a "different kind of car company." Its new factory in Spring Hill, Tenn., had more flexible work rules than traditional GM plants and more autonomy for those who built the cars, known for their plastic body panels.

Despite a cult-like following that drew thousands to annual reunions in Spring Hill, the brand never made money for GM.

As GM focused more on high-profit pickup trucks and sport utility vehicles, Saturn began to languish in the late 1990s. But in 2006, it started getting the best of GM's new models, and executives viewed it as a precursor for GM's restructuring effort.

After a good year in 2007, sales dropped 22 percent last year as the U.S. market withered.

Sales were off 59 percent for the first three months of this year compared with the same period in 2008. Lajdziak said the brand fell with the rest of the slumping U.S. auto market, but Saturn was hit further due to publicity about its potential sale or demise. U.S. auto sales were down 38 percent from January through March.

Some Saturn dealers have given up their franchises since the company announced last year that it was putting the brand up for sale.

Link

Guy in the C5.... awesome haha

I wish I could afford one. Even at that I wish I could get one customized just for me that NO ONE else could get.

The dealers still don't seem to know. I was, once again, trying to find a dealer who will ship in a G8 GXP and I asked them their thoughts on the demise of Pontiac and they denied it, even as I pointed out the press conference.

LMAO! sounds like a typical GM dealer. Think they know everything.

time to test out the new toys?

... although they may just steal the design... so...

YIPPEE!! lol

Agreed 100%

Well take bad news about the Prius twice if we have to

We'll seems you got your wish as the Gov and Chrysler seem to have reached a deal to save the company.

Chrysler and Gov reach deal.

This sucks everones but GM is getting it together. Hopefully this isn't destiny for GM.

Sorry rather have my Silverado than an F-150.

I have a bunch of NASCAR 1:24 Diecast mostly Earnhardt Sr and Jr stuff, but put them away becasue I had no room for them to be put in a case. Considering they were $60-$70 a piece I don't want the dust to ruin them. I think Im gonna start collecting muscle car diecast now though.

But GM doesn't need someone to hand them platforms.

Then why don't they have products like this already out?

This is good for Chrysler at least they have another company to hand them platforms to work with GM doesn't.

These ass holes kill the entire Pontiac Motor Division, yet they are working on another NUMMI product. What a blatant smack in the face. Unbe f@#king lievable.

Makes sense doesn't it.

But this quote is EPIC WIN

Exactly

Kumbaya my lord, kumbaya

Kumbaya my lord, kumbaya

Kumbaya my lord, kumbaya

Oh lord, kumbaya

Someones singing lord, kumbaya

Someones singing lord, kumbaya

Someones singing lord, kumbaya

Oh lord, kumbayah

Someones laughing, lord, kumbaya

Someones laughing, lord, kumbaya

Someones laughing, lord, kumbaya

Oh lord, kumbaya

Someones crying, lord, kumbaya

Someones crying, lord, kumbaya

Someones crying, lord, kumbaya

Oh lord, kumbaya

Someones praying, lord, kumbaya

Someones praying, lord, kumbaya

Someones praying, lord, kumbaya

Oh lord, kumbaya

Someones sleeping, lord, kumbaya

Someones sleeping, lord, kumbaya

Someones sleeping, lord, kumbaya

Oh lord, kumbaya

Oh lord, kumbaya

Now lets hug it out, bitches

Lmao! :rotflmao:

MINES 6!!!!!!!!!

Hummer

lol looks like it would be fun to fly it.

IDK Ive always had a dependable good running vehicle when I bought GM, and that makes it hard for me to just jump ship in 10 minutes.