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GM's New Car Made With US Government
#1 Hearsay:
- rumor, gossip (usually a mixture of truth and untruth) passed around by word of mouth
- heard through another rather than directly; "hearsay information"

#2 Why do we need to be scared of anything? Our "God" is watching over us from his office in Washington DC?
ibofightback Wrote:
MichMan Wrote:The fact is that the government IS running the car companies. Right?

That depends on your definition of "running". Yours is a little looser than mine.

Obama's man called shots on bankruptcy

Proceedings show he planned Chapter 11 for autos in advance


By the evening of April 29, with their historic bankruptcy filing hours away, Chrysler Chairman Bob Nardelli and other company leaders were left with no doubt that Steven Rattner was calling the shots.

Chrysler executives still hoped to avoid bankruptcy.... Reluctantly, however, the leaders were recognizing the harsh decision Rattner made weeks earlier: Chrysler was filing for Chapter 11, no matter what.

Rattner had met with Ron Kolka, Chrysler's chief financial officer, and told him how it would go.

Rattner was unfazed by his lack of experience in the auto industry and, after a short period of research, began quickly making decisions and demanding results.

Chrysler executives preferred to keep Chrysler as a stand-alone enterprise -- even after Rattner declared March 30 that their turnaround plan was not viable.

But their fate was not completely in their own hands, and Rattner & Co. was already committed to a deal with Fiat.

Unlike Wagoner, who did not accept Rattner's premise that GM must file for Chapter 11, Nardelli never defied the broader task force strategy, nor did he resist any conditions Rattner set on future government investment.
There were moments, however, when Rattner and Bloom were micro-managers... The e-mail chain ends with LaSorda thanking Nardelli for his support, and this final sentence: "I guess UST is running it," referring to the U.S. Treasury.

Fewer but bigger dealerships expected to boost car prices

What is good for dealers may be bad for consumers.

Remaining dealerships will be able to charge more for cars, analysts say, because fewer dealerships make it harder for buyers to spark bidding wars. And as auto companies scale back factory production, heavy discounts and dealer incentives will dry up.

Tom Wilkinson, a GM spokesman, said once the "current glut" of car brands disappears, prices for GM cars will increase anywhere from $2,000 to $6,000 for a new vehicle.

Chrysler expects to see a price increase on new cars in the range of $1,000 to $2,000 over the next year or two, said Kathy Graham, a company spokeswoman.


After you add in Obama's $1300 per new car CAFE regulations, these GM and Chrysler cars will increase $3300-$7300!

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