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21,000 jobs ha! Much more than that when the suppliers go under...
I wonder how many raises upper management got...
Makes me think of the of that company that saved money by cutting jobs and the CEO got a BONUS that was more than the money he saved! Explain to me how that saved the company money! Thats just plain sick!
GM should have just filed for BR in the first place, they could have lowered wages without laying everyone off. They could have told the Union to stuff it. I think the only ppl who should be fired from GM are the designers (Cept the Camaro team).
I mean really, do these corporations not realize that they are cutting thier own throat? If no one has any money, how the hell are they going to spend any on your products?!?!?
The company said it would phase out its storied Pontiac brand no later than next year, and the futures of Hummer, Saturn and Saab will be resolved by the end of this year by either selling them or phasing them out.
For Pontiac, the decision means the death of a brand known for its muscle cars including the Trans Am made famous in movies and the GTO, the subject of a nostalgic song by Ronny and the Daytonas.
Henderson said in a news conference that the company was spread too thin to make Pontiac work.
"We didn't think we had the resources to get this done from a product perspective," or marketing, he said.
He said the decision was very tough for many at GM because of the 83-year-old brand's heritage.
Henderson said talks continue with potential parties to buy a stake in Opel and are expected to continue through the end of May. He said the company would continue to have a presence in Europe as a stakeholder. He said Chevrolet is one of the fast-growing car segments in Eastern Europe and Russia.
One of the conditions to get aid from Germany is to have a private investor take a stake in Opel, he said.
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Still trying to find oil leak on my Camaro, it’s a tough one. I think it is the oil pressure sender myself. Leaking when raving and going into boost....
3 days ago
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