Author Topic: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says  (Read 956 times)

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Offline flowers

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Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
« on: October 27, 2013, 02:46:49 PM »
http://jalopnik.com/the-feds-killed-pontiac-bob-lutz-says-1452735716

Quote
If true, it's a big revelation of the scope of power that the government held over GM during the worst days of the recession. Power and threats like that are often spoken of, though rarely in such explicit terms. Even still, there's not much of an explanation yet as to the specific objections the Feds had about Pontiac. The division seemed to be heading in the right direction after years of wayward stumbling. The Pontiac G8 was receiving rave reviews, and a new GTO was in the pipeline.




Offline Rapunzel

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Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
« Reply #1 on: October 27, 2013, 03:11:47 PM »
GM should have one BK...so should the banks and companies like Countrywide.
“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776

Offline flowers

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Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
« Reply #2 on: October 27, 2013, 03:18:38 PM »
GM should have one BK...so should the banks and companies like Countrywide.
BK?


Offline Rapunzel

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“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776

Offline flowers

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Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
« Reply #4 on: October 27, 2013, 03:35:19 PM »
Bankruptcy
Thanks....yep I agree!   :seeya:


Offline flowers

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Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
« Reply #5 on: October 27, 2013, 03:38:54 PM »
Bankruptcy
Wasn't Country wide a Frank Dodd ordeal? Wasn't that part of friends of Angelo? Didn't he go to jail? The Angelo guy?


Offline evadR²

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Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
« Reply #6 on: October 27, 2013, 03:40:46 PM »
GM and all their products and their unions and their employees are DEAD to me.
November 6, 2012, a day in infamy...the death of a republic as we know it.

Offline Rapunzel

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Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
« Reply #7 on: October 27, 2013, 05:10:05 PM »
Wasn't Country wide a Frank Dodd ordeal? Wasn't that part of friends of Angelo? Didn't he go to jail? The Angelo guy?

yep... and the government somehow coerced BofA into taking their loans on...
“The time is now near at hand which must probably determine, whether Americans are to be, Freemen, or Slaves.” G Washington July 2, 1776

Offline olde north church

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Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
« Reply #8 on: October 27, 2013, 07:15:46 PM »
GM and all their products and their unions and their employees are DEAD to me.

Agreed.  Chrysler as well. 
Why?  Well, because I'm a bastard, that's why.

Offline evadR²

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November 6, 2012, a day in infamy...the death of a republic as we know it.


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