Pontiac brand set to be eliminated. GM to cut 21,000 jobs.

Yeah, don't know where all those people are supposed to find employment. I have a feeling GM isn't going to make it through this alive.
 
At work (radio station), most of the newsfeed we receive is GM-related.
 
The most shocking news isn't even in the thread title. The government and UAW will collectively own 89% of the company now... score one for socialism!
 
My company that is a large supplier for GM just laid me off today. Looks like my ex company will be out of business soon.

I have just joined the 13% of Michigan unemployed workers :(
 
[quote name='wakeandbake']My company that is a large supplier for GM just laid me off today. Looks like my ex company will be out of business soon.

I have just joined the 13% of Michigan unemployed workers :([/quote]

Sorry to hear that. I wouldn't doubt that we have more CAGs report similar experiences. That's a lot of people.
 
[quote name='RedvsBlue']The most shocking news isn't even in the thread title. The government and UAW will collectively own 89% of the company now... score one for socialism![/QUOTE]

split up the gov't and UAW percentages or you and your overzealous hyperbole can fuck right off.
 
man it is really serious. the only way to end this recession is instead of investing money in the rich and let it trickle down, they need to give the money to the less fortunate and let it climb up the mountain.
 
[quote name='Dead of Knight']What is the point of helping these companies if they are going to lay off over 21k workers anyway?[/quote]

The only real answer is that it gives us a chance to use this...

:whee:

The govenment sucks. All of it.
 
[quote name='Dead of Knight']What is the point of helping these companies if they are going to lay off over 21k workers anyway?[/quote]

If GM were allowed to go belly up in December or January, that would have caused 1 million jobs to fail immediately.

The government is trying to put off the inevitable in hopes enough inflation will causes house prices to go back up.

If enough people get out from under their houses, the credit markets will thaw and we can go back to borrowing like idiots for another few years.
 
[quote name='fatherofcaitlyn']If GM were allowed to go belly up in December or January, that would have caused 1 million jobs to fail immediately.

The government is trying to put off the inevitable in hopes enough inflation will causes house prices to go back up.

If enough people get out from under their houses, the credit markets will thaw and we can go back to borrowing like idiots for another few years.[/quote]

:lol:
 
[quote name='mtxbass1']Far many more jobs than the 21k that GM is cutting will be affected by this. We have evidence of that above.[/QUOTE]

Indeed. If these jobs were gone anyway why the fuck did we give them billions of dollars?
 
[quote name='mtxbass1']:lol:[/quote]

My wife has house fever. So, we're looking to buy a house while being completely dependent on an income from a different family to pay rent on our first house.

While arguing the finer points of caution versus running headlong into another mortgage, she claimed, "You promised we would be out of the apartment this summer." :roll:

Fortunately, her car had $600 in repairs this week. Caltrop from the gods.

Rather than argue with her, I'll just start working lots of overtime and offer ridiculous lowball prices for houses.

If I can buy myself a few months, maybe the renters can be bribed into taking over my mortgage. I mean, they're paying $650 a month on a house with a mortgage of $634. It shouldn't be a hard sell.

Marriage is always fun, right?
 
[quote name='fatherofcaitlyn']If GM were allowed to go belly up in December or January, that would have caused 1 million jobs to fail immediately.

The government is trying to put off the inevitable in hopes enough inflation will causes house prices to go back up.

If enough people get out from under their houses, the credit markets will thaw and we can go back to borrowing like idiots for another few years.[/QUOTE]


No, it would have gone into receivership, with a bankruptcy judge then empowered to tell the UAW to go pound sand. There are no shortage of investors with very deep pockets who then be interested in picking up the pieces. The disruption would be for a few weeks at worst.

The administration chose to drag things out at our expense because they are extremely beholden to the unions and getting direct power over a major industry suits their agenda.

The auto industry problems are not a result of the credit crunch. That merely advanced the schedule for the predictable disaster a bit, so the end of the credit crunch will not fix things for an industry that was already badly broken on its own.
 
Well I see three things that are bad about this. The first is the number of people it will put out of work. The second and third are the fact that the GTO will never make a comback also we will never see the Transam come back. The biggest thing is the loss of jobs.
 
[quote name='epobirs']No, it would have gone into receivership, with a bankruptcy judge then empowered to tell the UAW to go pound sand.[/quote]

I would like to think the bankruptcy judge would be more civil than that. That and could the judge's decision be appealed?
 
[quote name='fatherofcaitlyn']I would like to think the bankruptcy judge would be more civil than that. That and could the judge's decision be appealed?[/QUOTE]

Oh, he might use a different euphemism but the intent would be the same. And no, no sane state would allow an appeal on such. This isn't a sentence on a convict. This is contract law and the entity that singed the contract has succumbed to the longterm vampiric effects of the other signer. You cannot have your cake and eat it, too.

This has now been established to cover municipalities as well. Whole cities have gone into bankruptcy and the judges told the public employee unions they were out of luck and none of contracts had any power going forward.

The state of California is currently in a death spiral, refusing to give up any of its grotesque spending agenda, including completely unviable commitments to public employee benefit and retirement plans, and believing the citizenry will accept any growth in taxes the legislature seeks to impose.

This is why so many of us are voting NO across the board in the May 19 ballot. We want to see history made with a state level bankruptcy rather than let these assholes keep dragging us down further. We'll be treading completely new ground here and I like it.
 
Cars failed for multiple reasons and it was broken to come into the recession.. just bad timing.

really if the credit crunch didn't happen, they would still limp along, but it would have failed sooner or later...eventually someone somewhere down the road would have to realize how stupid to have that many branches for a big company like that.

It's tough. Sad to hear about people losing jobs but when companies do what they did... it really doesn't feel bad about blaiming them for their own screwup.

These companies should have had to reskill all the unskilled labor... instead of precious pensions they should have invested in their own workers to be able to go back to school for cheap and learn another trade. Be a technical skill or college degree in something.

The workers need to blaim the company, as should we. I don't know about the unions or how they played a roll, so I'll stay out of that arguement.
 
[quote name='wakeandbake']My company that is a large supplier for GM just laid me off today. Looks like my ex company will be out of business soon.

I have just joined the 13% of Michigan unemployed workers :([/QUOTE]
Sorry to hear that my good man. The saddest thing is a lot of small suppliers are going to feel this worst than GM. I hope you can find something more sooner then later. It is going to get even worst during the summer when GM does the 9 weeks off toward July.

Its like I always say if they made the car prices about $5,000 to $10,000 less for cars priced between $20,00 0 to $30,000 they would be able to sell more of them. For my money they shouldn't even make a car for more than $40,000. The average person can't afford the note plus insurance on most new models because they don't make enough to pay for this and home.
 
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It's too bad, because I know a guy who has a G8 and it's REALLY nice. I'm a proponent of them keeping the performance brand, and ditching the things no one really buys (Grand Am/prix etc). I can't see losing the GTO... but there IS a nice 69 GTO I'm thinking about getting after basic training...
 
Reality's Fringe;5803861 said:
It's too bad, because I know a guy who has a G8 and it's REALLY nice.
Click to expand...

That's one of the shittier things here. The G8 is actually a nice car, that has been rated pretty highly by several automotive sources. The problem is(was) that nobody is buying them regardless.
 
I have no idea why they're getting rid of Pontiac when it's the best thing they have going. On the flip side, maybe we'll be able to buy cheap Pontiacs as they get clearanced out.

I just hope Michigan doesn't turn into some sort of Wild West with rampaging mobs breaking into houses and carjacking everyone.
 
[quote name='depascal22']I just hope Michigan doesn't turn into some sort of Wild West with rampaging mobs breaking into houses and carjacking everyone.[/quote]

Why wouldn't you want things to get better? :lol:

From the insults I've heard, Detroit ranks slightly lower than Raccoon City.
 
Detroit has always had that bad rep along with South Central, Oakland, and the South Bronx. They're all dangerous places but nothing a normal guy can't handle if you don't act the fool.
 
Just saying "Detroit" doesn't really work anyway - downtown is not bad at all - nice in some places, even - but once you get out of the *ahem* "designated area," you're on yer own. Sharpen those survival skills.


Anyway, I'm not surprised about this but it still sucks. Hooray for my "collector's edition/final year" Vibe GT then, I guess. Liked the G8 and G6 also. The Solstice was a decent cheapo alternative to the fancier branded lookalikes.

That car (Vibe) saved my ass - twice - so I'm sorry to see it disappear (see my blog on here). More concerned about some GM friends of mine who are going to be done for a few months as of May 11th, though.
 
[quote name='depascal22']Detroit has always had that bad rep along with South Central, Oakland, and the South Bronx. They're all dangerous places but nothing a normal guy can't handle if you don't act the fool.[/QUOTE]

There is no comparison. Some places have high crime rates but there is scarcely another urban ghost town in the entire nation to compare with Detroit. When you have entire blocks that have been abandoned with houses that can be purchased for just a few thousand in back taxes paid off but no takers, this creates an appearance from overhead one normally expects from a matte painting in a post-apocalyptic movie.
 
Just let GM die already. Yeah a million jobs are going to lost and yes It's going to suck for the unemployed (and me because I got another year warranty on my Saturn) but if your company is failing then that's just the reality. Are they gonna post a few billion in profit in a few years? Probably not. NEEDS MORE PORK!
 
I blame all you people on the internet obsessed with Japan.

And as soon as I graduate, I'm getting my ass out of this state because I don't see them coming up with any good plans to save it.
 
Aww, I like Michigan.

Even the strangely conservative-as-fuck-yet-home-to-ton's-o-tasty-craft-breweries areas of Grand Rapids and Kalamazoo.

If we have to give up Michigan, though, can we cordon off "The Vault of Midnight" in Ann Arbor for non-Canadian use only?
 
I'm still on the fence about buying a G8 GPX vs. a classic muscle car. If they stop Pontiac, what will happen to parts availability?

Either one will make my penis SO fuckING HUGE.
 
Parts won't be a problem. You have to remember that Pontiac, like all GM brands, all share the same parts bin. Replacement parts will be readily avaliable for many years to come.

I wouldn't mind a G8 at the right price. I'm not big on the look of the car but the performance is very good for the money. It probably won't happen but if I could find one in the high $20's/low $30's, fully loaded, then I would probably pick one up for a daily driver.
 
You guys do realize the "good" Pontiac cars are really Aussie cars from Holden and HSV. GM just slapped a Pontiac badge on it. Same with Saturn they are all Opels from Europe.
 
lol, ever do a 180 in it? I did riding with my friend one day. He was dropping me off. It wasn't raining, he was slowing down and not going fast at all. Turning onto a street like normal and all of a sudden I had my life flash before me.
 
[quote name='VipFREAK']lol, ever do a 180 in it? I did riding with my friend one day. He was dropping me off. It wasn't raining, he was slowing down and not going fast at all. Turning onto a street like normal and all of a sudden I had my life flash before me.[/QUOTE]
In truth, I had a lot of fun in the car. It's just that it's the only car I've ever had that I could perform far MORE than regular maintenance, and STILL count on it to break weekly.
 
lol, hmm... I don't remember my friend working on his that much nor do I remember it breaking a lot. Maybe he just got lucky. I don't doubt it was on GMs end not your end.

Just be glad you never had to grow up in one of these pile of fucking shit...

1996.oldsmobile.ciera.8687-300x189.jpg
 
You ever wonder if a lot of these designers think back and laugh at some of the shit they've designed and actually had produced?
 
They better fucking not be able to sleep at night. On top of that... I would continue to ask my parents and the ___ many people wtf they were thinking too.

Sadly... I don't think they have a conscious about sucking as designers.
 
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