GM Deathwatch

**PeteLeathersac** · #1 09-11-2009, 05:57 PM

Magna's bid for Opel is solid w/ financing and has been accepted by GM now...supposed to be completed before the end o' the year..

http://news.sympatico.ctv.ca/abc/home/co...fopel_gm_090910

Tough anymore to say if it's a good or bad thing?.

~ Pete

**PeteLeathersac** · #2 10-01-2009, 08:27 PM

Saturn to die after Penske walks on deal..

http://news.yahoo.com/s/ap/20090930/..._saturn_penske

This could be big trouble for Magna and their Opel deal as I believe there was plans to sell Opels to Penske who was going to rebadge them as Saturns..

~ Pete

442w30 · #3 10-01-2009, 08:50 PM

Saturns are pretty much rebadged Opels already.

**kwhizz** · #4 10-02-2009, 12:33 AM

Hummmmmm!!!!..........The Government seems to think that the future is in the small car market.........Hummmmm!!!

442w30 · #5 10-02-2009, 03:42 AM

And where does Detroit think the future lies?

Keith Tedford · #6 10-02-2009, 07:51 PM

The future for GM lies in China and Asia in general. A few billion people without cars and growing incomes looks more appealling than our shrinking economies.

442w30 · #7 10-02-2009, 08:15 PM

A more honest comment than kwhizz's, Keith.

427TJ · #8 10-02-2009, 09:45 PM

[ QUOTE ]
The future for GM lies in China and Asia in general. A few billion people without cars and growing incomes looks more appealling than our shrinking economies.

[/ QUOTE ]

I would change it to say a few billion people who will work for less than a dollar a day. That's why the future of American industrial effort, large and small, lies in Asia and India. The labor* is just too cheap to ignore.

*And the lack of environmental regulation, worker protections or strict oversight of any kind--except over who is getting the money.

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