The Briefing Room

General Category => Economy/Business => Topic started by: flowers on October 27, 2013, 06:46:49 pm

Title: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: flowers on October 27, 2013, 06:46:49 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.

Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: Rapunzel on October 27, 2013, 07:11:47 pm
GM should have one BK...so should the banks and companies like Countrywide.
Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: flowers on October 27, 2013, 07:18:38 pm
Quote from: Rapunzel on October 27, 2013, 07:11:47 pm
GM should have one BK...so should the banks and companies like Countrywide.
BK?
Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: Rapunzel on October 27, 2013, 07:28:43 pm
Quote from: flowers on October 27, 2013, 07:18:38 pm
BK?

Bankruptcy
Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: flowers on October 27, 2013, 07:35:19 pm
Quote from: Rapunzel on October 27, 2013, 07:28:43 pm
Bankruptcy
Thanks....yep I agree!   :seeya:
Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: flowers on October 27, 2013, 07:38:54 pm
Quote from: Rapunzel on October 27, 2013, 07:28:43 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?
Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: evadR on October 27, 2013, 07:40:46 pm
GM and all their products and their unions and their employees are DEAD to me.
Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: Rapunzel on October 27, 2013, 09:10:05 pm
Quote from: flowers on October 27, 2013, 07:38:54 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...
Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: olde north church on October 27, 2013, 11:15:46 pm
Quote from: evadR² on October 27, 2013, 07:40:46 pm
GM and all their products and their unions and their employees are DEAD to me.

Agreed.  Chrysler as well. 
Title: Re: Feds Told GM To Drop Pontiac Or No Bailout, Ex-GM Exec Says
Post by: evadR on October 28, 2013, 03:15:33 am
Quote from: olde north church on October 27, 2013, 11:15:46 pm
Agreed.  Chrysler as well.
:amen: