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 ...
“Ok, so no GM?”
wrong
bump
.
Volvo and SAAB are each owned by one of the Big-3 - Try GOOGLE Search
Jag & Aston Martin were owned by Ford
FIAT owns most of the Italian made buggies and more
Maserati uses Ferrari engines
Dodge and the Dodge Viper use a Lambo based mill
It’s a jungle out thar!
American maufacturers got too much into buying foreign marques
The good news (I have heard) is that the new Chevy Camaro is outselling (9000 sold? already?) the Ford Mustang and exceeding production
A reversal of the 50s Vette sales against the 50s (4-1) Baby Bird sales
FIAT/EU cars can often share the same platforms
Ford’s strength came largely from producing the same series of engine designs for Ford - Ford trucks - Mercury - Lincoln
Chrysler did so too
GM went with Chebby, Pontiac, Old, Buick, Caddy
All made some great engines - but why?
Legacy costs, union contracts, parallel engines - it was not a cost-saver
Now Camaros are being boneyard-retroed into Firebirds as memories fade
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