Thursday May 24, 2012

JAPAN NEWS AND DISCUSSION

GM to cut 21,000 U.S. factory jobs, shed Pontiac brand

Business Apr. 28, 2009 - 05:54AM JST ( 6 )

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YelnatsApr. 28, 2009 - 12:46PM JST

Hold on to your Fire Birds
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dennis0bauerApr. 28, 2009 - 03:28PM JST

they shed the only decent looking car?
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KwaabishApr. 28, 2009 - 08:37PM JST

They also shed the maker of the Fiero and Aztec.
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ca1ic0catApr. 28, 2009 - 09:01PM JST

It's going to be a rough summer. My nephew has already lost his job and I'm sure it's going to get a lot worse. Plus the analysts are saying that the bondholders will probably not agree to the debt-for-equity swap because it gives them only 10% controlling interest while the UAW gets close to 40% with the swap of equity for pension funding. If you've got a Trans Am expect values to go up....
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usaexpatApr. 28, 2009 - 11:45PM JST

Even if they don't go into bankruptcy they will essentially be a nationalized company. It didn't work for British Leland and it won't work for GM.
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dontpanicApr. 29, 2009 - 11:25PM JST

It didnt work for British Leyland for precisely the same reason too. Too much union power.