GMFAN

Both sedan and hatch look good and should be very competitive in their class.

Waiting to see what Sonic based CUV will look like. Hope they have a concept ready by New York. If not, probably will be shown at next LA show in the fall.

CUV based on this platform will most likely be my next new vehicle, either Chevy or Buick , depending on affordability.

Dame greedy debt holders and the insurance they took out is why GM will be forced into Chapter 11.

Credit insurance hampers GM restructuring

By Henny Sender in New York

Published: May 11 2009 23:33 | Last updated: May 11 2009 23:33

Hedge funds and other investors stand to make billions of dollars on credit insurance contracts if GM de­clares bankruptcy, a prospect that is complicating efforts to persuade creditors to agree to a restructuring plan for the automaker, analysts say.

Holders of $27bn in GM bonds have until June 1 to decide whether to swap their debt for a 10 per cent equity stake in the company as part of an offer that would give the US government 50 per cent of the shares, a United Auto Workers union healthcare fund 39 per cent and existing shareholders 1 per cent.

Gread always destroys companies.

It's not greed, it's gettig a fair shake in this deal.

The bond holders have the most invested and want a larger chunk of GM than the govt or UAW.

They have said they WOULD GO ALONG with a deal that gives them 58% of GM with the UAW at 41%. They would probably compromise in the upper 40% range.

The Feds, however, have told GM they will not let the bond holders, the biggest investors, hold more than 10% of GM , just about forcing a bankruptsy. This is what is REALLY complicating the efforts.

This is what happens when we have Soviet style control of industry!

Another fine example of GM's good decision making.

Like Chryslers been turnin out a bunch of winners.

Hey,

GM fans voted this as their prefered production model out of the three concepts. It may be fugly but was "the people's choice"!

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This is my entry, a Holden-inspired Chrysler 300C: