Z-06

What goes around comes around, what goes up must come down.

And made his dream into reality.

Wall Street Journal GM Plants to Close Much of Summer General Motors Corp. plans to idle most its plants for about two months this summer as the company races to cut costs and production to keep pace with sinking demand, said a person familiar with the plan. The car maker typically closes its plants for a two-week summer vacation. A GM spokeswoman declined to confirm or deny the planned closure. Such a production hiatus -- one of GM's longest in recent decades -- promises to drain the company's revenue stream, dealing another blow to its attempt to restructure operations. GM's sales have tumbled in recent months, with declines topping 50%. United Auto Workers union members still receive most of their pay during such shutdowns. GM is saddled with a 113-day supply of cars and a 123-day supply of trucks sitting unsold on dealer lots as of March 31, according to Ward's Automotive Reports.The car maker closed its plants for over a month starting with Christmas week this winter. Also Wednesday, GM's No. 2 executive toughened the company's message to bondholders, saying it doesn't plan to pay off $1 billion in debt due June 1 and instead will rely on an exchange for shares or bankruptcy-court protection to clear its balance sheet. Chief Financial Officer Ray Young, speaking to reporters on the sideline of a conference near Detroit, said the move comes even as the auto maker is finalizing details with the Treasury Department to receive an additional $5 billion in loans. By taking a tougher public stance on bondholders, GM executives are laying the groundwork for what promises to be a messy debt-for-equity offer that they expect to launch by next week. The car maker will offer to exchange $28 billion in unsecured debt for company stock that could be rendered worthless without a significant turnaround.GM faces a June 1 deadline from the Treasury to slash its debt and gain concessions from the UAW or face possible bankruptcy. Large GM bondholders were aware that the company was planning on missing a big payment, according to a person familiar with the thinking of a committee that holds just under half of the company's bonds.This person said the June 1 government restructuring deadline wasn't a coincidence; the government didn't want the struggling company to spend $1 billion to keep servicing its debt.Portfolio manager Greg Hopper of the Artio Global High Income Fund said that at this point, most holders of auto-related debt are professional distressed investors and know what they're getting into. "People should be getting the sleep out of their eyes and seeing it's over," said Marilyn Cohen, president of retail bond investment manager Envision Capital. "I would imagine they're going to file [for bankruptcy] any minute... Not making a payment -- it's going to show them that this time, they mean it."Mr. Young said GM is determined to get back on its feet soon, and it will right the ship "in court or out of court." He said a trip to bankruptcy court is "probable" but indicated GM has the full backing of the government." They want us to be a viable entity when we emerge," he said. Mr. Young also said GM has begun pursuing outside investors for its Opel division in Germany. There has been speculation that Fiat SpA, the Italian auto maker vying for a Chrysler LLC alliance, could pursue a stake in Opel and Mr. Young said he isn't ruling out that company.Fiat and GM have a disappointing history of alliances, but an Opel investment could boost both auto makers. Fiat, looking to increase sales to better compete with other global auto makers, could benefit from the enormous scale of GM Europe and its access to mature markets such as Germany and the U.K. For Opel, a tie-up with Fiat, which has strong support from the Italian government and a budding relationship with the Obama administration, could better its chances of surviving as a component of GM's engineering and design network. A Fiat spokesman declined to comment. Mr. Young also said GM is reworking its $13.4 billion loan agreement with the Treasury in an effort to receive an additional $5 billion in working capital. In a plan submitted to the Treasury in February, GM said it would begin repaying the loans in 2012, but warned it could take several years to pay back all the money. It is unclear whether the Treasury would accept equity in lieu of some of the money.

Once a boy said, "I had a dream." The rest was history.

Or Gobi Lamb Baingan Tandoori

Yeah you and I are lucky. Red is not my color, she later confessed to me that she wanted the BMW so that when we meet sometime we can exchange our vehicles. Call about long term chess. At Detroit Autoshow I was on the wheels of the CTS-V and she was on the passenger's side and we were fiddling with the equipment, from out of nowhere she says get your ass of the driver's seat, I want to see how I sit in it.

The girl wants the 556 hp CTS-V as her car after she finishes her residency. She does not disprove the idea of getting the LS3 Camaro NOW other than the fact that I may go back to school. I am in luck to have such a person from XX chromosome sequence in my life.

No I called the number J had once given me. J and I were lab buddies as both our last names start with H we shared all the same labs classes. More friends with J than M. I do not think he can be classified as a bi because like I said their parents knew about their relationship even while they were in India. I personally speculate the marriage ordeal might have been an act of smacking on M's face or may be he wanted to start from scratch. J bought the Bimmer in South Florida when he started the job for a software co when he and M had moved in together in a condo. Since India drives on the wrong side, LHD Bimmer would be illegal there as per the law.

You sure it is not icy glass peeping in the white snow? Good ride! Congrats.

Gimme the details. That sounds good.

:rotflmao:

Don't ask me that question, ask them. I am just being the messenger. Go to any blogs and you will see how volt is considered vaporware, or just ask GXT. He changed his stance for the Volt having drivetrain of a washing powder to the Volt being crossshopped with the 5 series.

Good thought. How much are those clear bras for? The last I heard was from one of the older ladies who drives an Infinite G35 stick and her dealer told her it was $700. That is 140 car washes. Not worth it only for protecting the front.

Yeah the formatting some how got goofed up. I felt like telling the entire story rather than bits and pieces. Yeah Cheersa nd Gears sometimes can get screwy with the formatting. I am glad you enjoyed it. Yes I agree. While the 335i can blow the wind out of this vehicle, it has lost its simplistic charm.

GM said they eventually will. Right now it is more important in bringing halo and status. Just like Prius was to Toyota and eventually Toyota put its hybrind powertrain in other cars too. Right now it is important to create one car with minimal platform investment yet different from any in the stable. And besides that people are already bitching about paying $40K for the Volt do you think they will consider paying so much for a tarted up Cruze?

Sorry, my bad.

:rotflmao: I HAZ THE RIGHTEST KICKIN' WAY

So you now know you have another destination to add when you come to visit them.

Thanks man! Hey my second vehicle is a GM and I still own it.

YESSSSS. It has the "extended" warranty to 72months/100,000 miles including the free maintenance which was transferable. I will give the details when I go home. Yep. The Sunshine State.

Yes, I think that was speculation, this has actually passed through.

+1 on that. Those darkened lamps makes it killer and the facia is more reminiscent to the Holden/ Vauxhaul VXR's.

What car do you have?

Yep. We need not fuse two together as James is guessing. Add to your laundry list interior of a G8 to see how it will "fit".