G.M. to Make a 60-Day Money-Back Offer

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Perhaps you just need to lose a few pounds, if that is the case ;)
wrote:


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Once again you are wrong, "GM" is not selling off anything!
The bankruptcy court is selling off the "General Motors" assets, Pontiac, Hummer, Saturn and the old plants, however

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Opel is merely taking on a partner al'a Chrysler and Fiat. Referring GM as "General Motors" is in error in that article.
"General Motors" assets such as Saturn and Hummer are being sold as well. The NEW company, GM not "General Motors," will build Saturns for Rodger Penske.
Pontiac is still in limbo but Hummer will be built by American General, including a new Jeep like H4. GM, is not involved other than in supplying the chassis.

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To what creative accounting are you referring???

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How did you come to that conclusion?

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Mike wrote:

GM owned the NAME Hummer. American General has always built them. From the H1 up. GM supplied the base chassis for the H2 and H3 as well as some interior parts. The only change will be that the name will transfer to American General.
Pontiac is gone from GM. Not really a bad thing since they were simply rebadged vehicles in the first place.
Penske picked up the Saturn name and one plant so far. I think he is hoping to build a limited production vehicle.
In the long run I think the new GM will be much stronger. They really had far more brands and dealers than they ever needed. If you look at all the brands they have always had the most individual "makes"
Chevrolet, Pontiac, Buick, Oldsmobile, Cadillac, GMC Truck, Saturn, Hummer
As opposed to Ford, Lincoln, Mercury
or Chrysler, Plymoth, Dodge, Jeep
And when you look at them what do you find. Chevrolet Trucks = GMC Trucks with different badges. BOP = 99% rebadged Chevrolets with some extra options. Cadillac - Some great engineering but they should have stayed true to the badge instead of offering some rebadged GM sedans. Saturn - "A new kind of car company" with a sales model that was going to fail from the start.
Ford, Lincoln, Mercury, have there own share of problems BUT they are also a much smaller company. Less overhead and fewer dealers cuts down on the money drain.
As for the Chrysler group. They have always been an "also ran". About the ONLY products that kept them afloat were the Ram, Caravan and Neon.
Considering that the Caravan has been based on the original K-Car and the Neon is a downsized version of the same chassis design.....
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How do you figure that Steve?
--

-Mike-
snipped-for-privacy@windstream.net
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