Comments on: GM Bailout legislation passing next week?

By: SaabKen

SaabKen — Fri, 14 Nov 2008 15:20:22 +0000

Hold your breath, as the bailouts may not happen:

http://www.nytimes.com/2008/11/14/business/14auto.html?hp

By: Mag-X

Mag-X — Fri, 14 Nov 2008 12:47:42 +0000

Chances Dwindle on Bailout Plan for Automakers >> http://www.nytimes.com/2008/11/14/business/14auto.html?ex=1384405200&en=c4253b237b249f30&ei=5124&partner=digg&exprod=digg

By: Markac

Markac — Fri, 14 Nov 2008 11:29:49 +0000

Mr Lutz is just making sure that Saab is kept in line and it's products (as usual) are a day late and a dollar short. That wouldn't always happen if Saab could release cars when it intended to. I hope the 9-5 comes up a lot better than this Insignia.. If the 9-5 is jst a tarted up version of that car, we're going nowhere fast.

By: WooDz

WooDz — Fri, 14 Nov 2008 11:15:02 +0000

Well thank you Capt. Obvious, the 9-5 should be be more costly to finalise than the Astra Mr Lutz. However a the new 9-5 has already been delayed and should have been launched back 2005. What a feeble, feeble excuse. This from a man who sucks how much out of GM each year.

Message to GM… Employ me in your restructure, I’ll gaurantee I can produce the same, if not better BS for a 10th of the cost of Lutz.

By: Markac

Markac — Fri, 14 Nov 2008 03:30:48 +0000

I hope that bailout comes with some pretty serious conditions and I hope an Administrator or Receiver controls the funds. Just handing the money over to GM is asking for trouble.

By: aeronaut

aeronaut — Fri, 14 Nov 2008 03:03:51 +0000

ubermich,

in order to restructure from the top down to the uaw, gm would need to declare chapter11 to get out of all its existing agreements and then rebuild from the ground up. probably not going to happen. they will just throw money at it.

By: Kroum

Kroum — Fri, 14 Nov 2008 02:52:53 +0000

Look at the positive here – Herr Lutz understands how important the 9-5 is.

By: Robin M

Robin M — Fri, 14 Nov 2008 00:45:19 +0000

I wonder if this would change Geneva? I hope so.

By: ubermich

ubermich — Thu, 13 Nov 2008 22:33:46 +0000

Swade, you know that’s not how GM operates. If they get this loan they’ll squander it just like they’ve squandered all of their own money. It’s time to face the facts. The $700 Bil bailout didn’t work, the $150+ Bil AIG bailout/loan didn’t work, there’s no reason this would be any different. GM doesn’t need money, it needs to restructure from the top all the way down to the UAW.