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GM's Path To Leave Bankruptcy Apparently Cleared
wnem.com ^ | : 12:15 pm EDT July 9, 2009 | staff/AP Auto Writer Bree Fowler in New York contributed to this report.

Posted on 07/09/2009 9:45:18 AM PDT by kellynla

Edited on 07/09/2009 10:21:32 AM PDT by Admin Moderator. [history]

DETROIT -- General Motors Corp. appeared headed toward a record-short escape from bankruptcy protection Thursday despite a last-minute appeal that a legal expert said was unlikely to stand in the way.

A bankruptcy judge's order approving the sale of most of GM's assets to a new company was to go into effect at noon. An appeal was filed just before the deadline by plaintiffs in an Arizona product liability lawsuit against the automaker. It was unclear if the appeal delayed the sale approval.


(Excerpt) Read more at wnem.com ...


TOPICS: Breaking News; Business/Economy; Government; US: Michigan
KEYWORDS: automakers; bankruptcy; generalmotors; gm; michigan; pl
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To: kellynla

There is NO LONGER such a thing as secured credit.

Bonds are unbonded.

The seals are breaking on financial armageddon.


21 posted on 07/09/2009 10:12:14 AM PDT by MortMan (Stubbing one's toes is a valid (if painful) way of locating furniture in the dark.)
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To: gigster

I don’t know where you live, but in my neighborhood,
we still “free” to buy what we like, thank you!


22 posted on 07/09/2009 10:12:56 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: kellynla
Here's a current pic of Fords headwquarters, I do not see the Viet Nam flag.

Are you sure they fly the flag there, or is that some unfounded internet rumor you are repeating?

23 posted on 07/09/2009 10:14:18 AM PDT by Travis T. OJustice (I can spell just fine, thanks, it's my typing that sucks.)
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To: Eric in the Ozarks
“GM should be able to cut the price of a Corvette in half, right ?”

Well, since the owner of the dealership is a friend of mine,
we Marines get a “discount.” BIG SMILE

Semper Fi,
Kelly

24 posted on 07/09/2009 10:15:56 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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Comment #25 Removed by Moderator

To: kellynla
>last I checked, I still live in a free country and I can still buy what I like.

"denial is the most predictable of all human response"

26 posted on 07/09/2009 10:24:18 AM PDT by bill1952 (Choice is an illusion created between those with power - and those without)
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To: demsux
I’ve never bought a “foreign” made car...now I’ll never buy a UAW made car...what a “change”.

Who is left to buy from? You about eliminated everybody.

27 posted on 07/09/2009 10:32:27 AM PDT by rawhide
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To: Travis T. OJustice

“Are you sure they fly the flag there, or is that some unfounded internet rumor you are repeating?”


Dear XXXXXXXXXXX:

My staff contacted Ford Motor in regard to your e-mail asking if they display
the North Vietnam Flag.

At Ford Corporate Headquarters in Southfield they have 42 flag poles that
display their international holdings — they do business in more than 200
countries. The largest flag pole, 70 ft. high, displays the U.S. flag.

Of the 42 international flags, various methods have decided which are flown.
For a long time, the flags were chosen for the largest producing counties.
Earlier last year, for a short time, flags were chosen based on the opening
of new plants, ventures, etc. The national flag of Vietnam was among these
due to the opening of a new manufacturing facility. Last fall, however, the
company re-examined their policy for choosing the flags, and is again
selecting flags based on market sales ranks. The Vietnam flag did not make
this list, therefore it was removed along with others .

Ford informed my office that some rumors had started that the flag was the
Viet Cong battle flag, or something other than the national flag of Vietnam.
This was not the case, but I’m sure you are more interested to hear that the
flag was removed.

If you need more information, Ford’s public relations office is very willing
to talk with you. Lydia Sisaruk at 313-323-0646 offered to speak with you
further.

Thank you for your e-mail.

Sincerely,

MIKE ROGERS
Majority Floor Leader
26th Senate District


You can apologize to me at any time, Newbie.


28 posted on 07/09/2009 10:34:03 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: kellynla

So, on which side of the ledger is the taxpayers’ current share of GM to fall - the new side, new company, that’s shedding all the liabilities or the old side, the original GM that’s being left with most the debt?


29 posted on 07/09/2009 10:34:55 AM PDT by Wuli
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To: rawhide

Toyotas are Amercian made, and non-union.


30 posted on 07/09/2009 10:35:17 AM PDT by Travis T. OJustice (I can spell just fine, thanks, it's my typing that sucks.)
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To: Travis T. OJustice

I love my Toyota.....I want to upgrade to something newer but the dang thing runs perfectly.


31 posted on 07/09/2009 10:36:00 AM PDT by tioga
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To: Zakeet

Beautiful. Not only is it small and a gas sipper, but it has three tiny wheels to reduce the chance of killing insects on the road, with “autoprompters” on the left and right to tell you which way to turn, how fast to drive, why you are about to be stopped by the authorities, and who gets to use your car next. It is super unsafe, creating more health-care jobs, and made of cheap material, ensuring more repair jobs and more manufacturing work to produce replacements.

The plastic dome gives it that space-age, ultra-modern look that is an excellent stand-in for the genuine technological progress we must squash so that more resources can be allocated toward helping the underprivileged reach material parity with the overprivileged. The dome also destroys all bourgeois sense of privacy, allowing authorities and keen citizens alike to keep an eye out for counterrevolutionary activities. Putting the steering wheel on the right makes us more like our romantic left-wing visions of Europeans. No room for more than one passenger dissuades irresponsible reproduction, as well as buying stuff and other capitalist activities. The seats are low, uncomfortable, and tiny, ensuring that few will drive more than 10 miles at a time, and certainly none will be invited to surpass their monthly mileage quota, nor attempt to use such a vehicle to travel to another city or state without registration, letter of approval, and subsequent entry into federal database.

Some quibbles. The Obama sticker could be larger. I cannot tell if that is an opening to the gas tank or the battery - there should be a clear graphical mark as to make transparent smugness a more streamlined endeavor. As an advertisement, this image is disgustingly heteronormative and ethnocentric. Both people in the vehicle should be of ambiguous gender and ethnicity, so as to appeal to the broadest social sentiments of government purchasers.


32 posted on 07/09/2009 10:36:36 AM PDT by M203M4 (A rainbow-excreting government-cheese-pie-eating unicorn in every pot.)
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To: kellynla

Two words:

Buy Used.


33 posted on 07/09/2009 10:37:58 AM PDT by Zechariah_8_13 ("If we give the bureaucrats our children, we may as well give them everything else." - J. G. Machen)
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To: M203M4

Nicely done.


34 posted on 07/09/2009 10:38:16 AM PDT by EyeGuy
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To: kellynla

According to YOUR post, they do not fly the flag, therefore YOU owe ME the apology.

Nice fake letter, btw.


35 posted on 07/09/2009 10:39:39 AM PDT by Travis T. OJustice (I can spell just fine, thanks, it's my typing that sucks.)
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To: tioga

I had one. I have never owned a better, more reliable vehicle.


36 posted on 07/09/2009 10:40:54 AM PDT by Travis T. OJustice (I can spell just fine, thanks, it's my typing that sucks.)
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To: bill1952
last I checked, I still live in a free country and I can still buy what I like.

“denial is the most predictable of all human response”

“denial?”

who's “denying” anything.

Sounds like my affirmation to me.

37 posted on 07/09/2009 10:41:40 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: Travis T. OJustice; kellynla

The Corvette that kellynla displayed is the 638 hp ZR1, GM’s fastest production car ever built. It has beat the Nissan GTR, the Ferrari 599, and the Porsche GT2 in a straight line run, and officially posted a 7:26.4 at the Nurburgring.

http://www.youtube.com/watch?v=k6mEirkQN8o

For $105,000...that’s way more bang-for-your-buck than a Porsche or Ferrari.


38 posted on 07/09/2009 10:41:50 AM PDT by Zeppelin (Where have you gone, Joe McCarthy, oh? A nation turns illiberel eyes to you...oo oo oo...)
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To: bill1952
last I checked, I still live in a free country and I can still buy what I like.

“denial is the most predictable of all human response”

“denial?”

who's “denying” anything.

Sounds like my affirmation to me.

39 posted on 07/09/2009 10:42:51 AM PDT by kellynla (Freedom of speech makes it easier to spot the idiots! Semper Fi!)
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To: kellynla
Because I like ‘em...and last I checked, I still live in a free country and I can still buy what I like.

No one implied that you couldn't buy whatever you want. I'm just surprised that any conservative would be supporting a socialist endeavor such as Government Motors. But maybe that's just me.

40 posted on 07/09/2009 10:49:31 AM PDT by CA Conservative
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