Pontiac gone...GM kills off this div.

[Money]

How High. Great movie haha.

Friday u mean?

[Scoop]

damn you're right. my b

[Cops]

pontiac's aren't anything great, if anything sunfires are a car you buy right out of college.

[Creature]

General Motors (GM) released its Form S-4 today detailing its restructuring plan. The debt-equity conversion of the US Treasury's loans to GM will give the United States a majority stake in GM equity.

In partial satisfaction of the U.S. Treasury Debt Conversion, we will issue to the U.S. Treasury (or its designee) authorized shares of GM common stock in an amount that will represent a majority of the outstanding shares of GM common stock as of such date.

The only other option if this isn't met is

In the event that we do not receive prior to June 1, 2009 enough tenders of existing GM notes to consummate the exchange offers, we currently expect to seek relief under the U.S. Bankruptcy Code.

GM is either going to be effectively nationalized or file for bankruptcy, or possibly nationalized and then file Chapter 11. Regardless of the path taken, it's definitely not a pleasant sign for the United States. Apparently the only way to stave off an in-court debt restructuring of the nation's oldest automotive company is for the government to spend taxpayer wealth to capitalize GM's equity.

This is the beginning of the end for GM and the US automobile industry. See also about Chrylser being bought out by Italian automaker Fiat. Only one left with a shot is Ford.

Being from Michigan, this shit is really hitting home. I can honestly so it's impossible to find a job and the entire Michigan economy is driven by the automobile industry. It's going to suck if GM goes under, because it's going to take millions of jobs not only directly from the company but also from suppliers, etc.

FML.

[Money]

LOL creature, u should have left Michigan like 8 years ago, I did. Best decision i ever made.

[raizin]

LOL creature, u should have left Michigan like 8 years ago, I did. Best decision i ever made.

you moved from one shit hole to another. Houston is like the toiletbowl of the US

[Money]

lol way more jobs here than in Washington state and Michigan combined

and if u thjink houston is bad go to Detroit, Baltimore, New Orleans... Oakland.

[404 Not Found]

Below are people at risk in the 25 most ozone-polluted cities:
1 Los Angeles-Long Beach-Riverside, Calif.
2 Bakersfield, Calif.
3 Visalia-Porterville, Calif.
4 Fresno-Madera, Calif.
5 Houston-Baytown-Huntsville, Texas
6 Sacramento-Arden-Yuba City, Calif.-Nev.
7 Dallas-Fort Worth, Texas
8 Charlotte-Gastonia-Salisbury, N.C.-S.C.
9 Phoenix-Mesa-Scottsdale, Ariz.
10 El Centro, Calif.
11 Hanford-Corcoran, Calif.
12 Las Vegas-Paradise-Pahrump, Nev.
13 San Diego-Carlsbad-San Marcos, Calif.
14 Washington-Baltimore-Northern Virginia, D.C.-Md.-Va.-W.Va.
15 Cincinnati-Middletown-Wilmington, Ohio-Ky.-Ind.
16 Philadelphia-Camden-Vineland, Pa.-N.J.-Del.-Md.
17 St.Louis-St.Charles-Farmington, Mo.-Ill.
17 New York-Newark-Bridgeport, N.Y.-N.J.-Conn.-Pa.
19 Knoxville-Sevierville-La Follette, Tenn.
20 Birmingham-Hoover-Cullman, Ala.
21 Baton Rouge-Pierre Part, La.
22 Kansas City-Overland Park-Kansas City, Mo.-Kan.
23 Atlanta-Sandy Springs-Gainesville, Ga.-Ala.
24 Merced, Calif.
25 Memphis, Tenn.

Below are people at risk in 25 U.S. cities most polluted by year-round particle pollution:
1 Bakersfield, Calif.
2 Pittsburgh-New Castle, Pa.
3 Los Angeles-Long Beach-Riverside, Calif.
4 Visalia-Porterville, Calif.
5 Birmingham-Hoover-Cullman, Ala.
6 Hanford-Corcoran, Calif.
7 Fresno-Madera, Calif.
8 Cincinnati-Middletown-Wilmington, Ohio-Ky.-Ind.
9 Detroit-Warren-Flint, Mich.
10 Cleveland-Akron-Elyria, Ohio
11 Charleston, W.Va.
11 Huntington-Ashland, W.Va.-Ky.-Ohio
11 Louisville-Jefferson County-Elizabethtown-Scottsburg, Ky.-Ind.
14 Macon-Warner Robins-Fort Valley, Ga.
14 St.Louis-St.Charles-Farmington, Mo.-Ill.
16 Weirton-Steubenville, WV-OH
17 Atlanta-Sandy Springs-Gainesville, GA-AL
18 Indianapolis-Anderson-Columbus, Ind.
18 Rome, Ga.
20 Canton-Massillon, Ohio
20 York-Hanover-Gettysburg, Pa.
22 Lancaster, Pa.
22 New York-Newark-Bridgeport, N.Y.-N.J.-Conn.-Pa.
24 Hagerstown-Martinsburg, Md.-W.Va.
24 Houston-Baytown-Huntsville, Texas

I am sure there are lots of jobs in Houston metro area; oddly though no town or city in MI is on this pollutant list. Philly falls into #16 for Ozone pollution...not to leave out my town & who knows, the rust belt may become a clean belt in the years to come. Detroit was a number one contributor to acid rain falling on the mid-atlantic/New England areas during the height of the Auto Industry in Detroit.

As for working in a clean state/environment:

Below, in alphabetical order, are the cleanest U.S. cities for ozone air pollution (only nine made the list since they were the only ones where no monitored ozone air pollution was found in unhealthful ranges):

1. Billings, Mont.
2. Carson City, Nev.
3. Coeur d’Alene, Id.
4. Fargo-Wahpeton, N.D.-Minn.
5. Honolulu, Hawaii
6. Laredo, Texas
7. Lincoln, Neb.
8. Port St.Lucie-Sebastian-Vero Beach, Fla.
9. Sioux Falls, S.D.

Below are the top 25 cleanest U.S. cities for long-term particle pollution:
1 Cheyenne, Wyo.
2 Santa Fe-Espanola, N.M.
3 Honolulu, Hawaii
4 Great Falls, Mont.
4 Farmington, N.M.
6 Anchorage, Alaska
6 Tucson, Ariz.
8 Bismarck, N.D.
9 Flagstaff, Ariz.
9 Salinas, Calif.
11 Redding, Calif.
12 Fort Collins-Loveland, Colo.
13 Duluth, Minn.-Wis.
14 Colorado Springs, Colo.
14 Pueblo, Colo.
14 Fargo-Wahpeton, N.D.-Minn.
17 Albuquerque, N.M.
18 San Luis Obispo-Paso Robles, Calif.
19 Midland-Odessa, Texas
20 Palm Bay-Melbourne-Titusville, Fla.
20 Boise City-Nampa, Idaho
20 Reno-Sparks-Fernley, Nev.
23 Cape Coral-Fort Myers, Fla.
24 Port St.Lucie-Sebastian-Vero Beach, Fla.
25 Billings, Mont.
25 Lincoln, Neb.

[Xog]

yep, pseudo-lemon socialism

edit: lol i said peudo by accident :<

[Liquid Blue]

This is the beginning of the end for GM and the US automobile industry. See also about Chrylser being bought out by Italian automaker Fiat. Only one left with a shot is Ford.

rumor mill is spinning that chrylser is going to file for chapter 11 later today

[Ephemeral]

First, other industries have fallen in the United Sates, recent examples include the steel and textiles industries.

Second, let them fail and go out of business. In capitalism, the mechanisms are equivalent to natures mechanisms, competition, survival of the fittest, natural selection. And like nature, markets have a cyclical character. Many, many other very good auto companies have fallen, Hudson, Packard, Studebaker, Willys, did you know that even Sears offered a car for sale for a few years?

I restore cars and I really love these ‘orphan’ makes. It has been my experience that really good cars, the companies that made them, often still fail due to market changes that they cannot control. Studebaker had many industry ‘firsts’, a ‘hill-holder’ in the 1920s, automatic transmission in 1950, OHV V-8 in 1951, fiberglass body and front disk brakes with the Avanti in 1963. Hudson was the first manufacturer to design a ‘step down’ passenger compartment. In fact, the ‘Big Three’ rarely came out with innovations even though they had much bigger R&D. Why? Probably because the smaller companies were ‘forced’ come up with innovations to try to capture market share.
So if these ‘independent’ auto makers had such great cars, why did they go out of business? Changes in the market. After WW2, it was a ‘sellers’ market. No one was able to buy a car for many years in a row during the war, so there was a huge demand starting in 1947 as the war ended. Before the war, local car dealers often had many different manufacturers franchises. You would see a dealership selling new Hudsons, Fords and Willys. Each month a dealer would call the factory and order whatever models and quantities he thought he could sell over the next 30 days. But after WW2 ended, the big three changed the market dynamics by changing the way they dealt with the local franchises. First, they threatened to pull franchises if the dealer was selling anyone else’s cars. Then starting about 1950, the big three no longer allowed a dealer to order cars from the factory as they wished. The factory started telling local car dealers, ‘you will take 30 trucks this month, 45 four door sedans, 30 two door sedans”. To prevent having surplus cars left over each month, dealers had to reduce price (and margin). And while in the short term this might have helped consumers, it eventually forced the closing a almost every independent automobile manufacturer by 1958. Great cars, great companies, gone. But it is what it is, capitalism at work. The big three got fat and happy, their market share become overwhelming and the quality of cars sucked. It was not until the 1970s, when consumers finally had had enough, that foreign cars penetrated the US market. The cycle continues. This latest round is nothing new for the auto industry or the United States. The only thing that I think is a threat is stupid people who think that government involvement is the right thing to do. A capitalist market needs to be left alone and not manipulated by government. Using the nature analogy, look at how we used to handle forest fires. Smokey Bear says only you can prevent forest fires. Let us make sure that we put out ever forest fire. Doh. The forest is SUPPOSED to burn ever now and then. And this applies to the market place, auto makers are SUPPOSED to go out of business.



P.S. Capitalism does have a multitude of inherent problems including the unequal sharing of the wealth. But Socialism also has its own problems, such as equal sharing of the misery.