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Supporter of common sense
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Just finished watching the GM announcement by Rick Wagoner


The high points:

Decrease truck production by 300,000 units
Reduce sales & marketing budgets - promotions/motorsports/events - $2.5 Billion savings


Reduce 30% salaried/cash work force in North America/Canada
1/1/09 eliminate heath care expense for retirees over 64 years old
Increase pension payments
No base salary increases for 2008 & 2009
No annual bonus for executive group

-- These will save $1.5 Billion

Delay v8 engine development and truck/SUV development
Increase powertrain spending on alternative fuels and small displacement engines



Now for the good news --

Growth and emerging markets are doing very well
Leader in bio-fuels and electric vehicles. Very much in the Hybrid race
Major strides, malibu, CTS, etc.
future products lined up are best in history:

Chevy Cruze, 45MPG 2010 to market
Next Equinox, May 2009 to market
Next SRX Cadillac (previously seen as the Provoq concept)
Cadillac CTS Sports Wagon - Spring 2009 to market
Cadillac CTS Coupe - Summer 2009 to market
Buick Envicta - Spring 2009 to market
Saab 94x - 5 seat crossover - Fall 2009 market
 

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future products lined up are best in history:

Chevy Cruze, 45MPG 2010 to market
Next Equinox, May 2009 to market
Next SRX Cadillac (previously seen as the Provoq concept)
Cadillac CTS Sports Wagon - Spring 2009 to market
Cadillac CTS Coupe - Summer 2009 to market
Buick Envicta - Spring 2009 to market
Saab 94x - 5 seat crossover - Fall 2009 market

No Camaro in that list? :confused:

;)
 

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See You On Course
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3,867 Posts
Hopefully that means the Camaro is in the "present", not the future. :D
 
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