Author: chinadaily

Will you buy GM vehicles? [Copy link] 中文

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Post time 2009-6-2 02:40:37 |Display all floors

YES ! GM China will come to the rescue !

GM China in Shanghai will show the world and GM America how to make better cars

Yes I will buy a GM car!

[ Last edited by kanyuek at 2009-6-2 02:41 AM ]

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Post time 2009-6-2 02:51:17 |Display all floors
Originally posted by amylhz at 2009-6-1 08:32

Yes,I am going to buy one this month.

Amy would look good in one of these two.... "if they post them".....zoomzoomzoom....... lol     

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Post time 2009-6-2 03:57:32 |Display all floors
Originally posted by totothedog at 2009-6-1 13:19
I had one in the 1980s it needed konstant replacement of parts, had lousy fuel ekonomy and I finally dumped it when the water pump failed. It was designed to fail!!!!!

The only other GM kar I o ...

GM is now Government Motors......

And your car didnt like to haul around a stinking mangy arab dog.........

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Post time 2009-6-2 04:15:50 |Display all floors

the best is yet 2 come...

Originally posted by Eagleclaw1 at 6/1/09 12:49 PM

I collect old American vintage cars and trucks, I rebuild them and show them as a hobby...... I am known as a motorhead here in my country....

What kind of old vintage automobile does your eye ...

i did reply you back with a foto attached & you might see it later on...but anyway i aint no mechanic of any kind just love to kill sometime & waste some moola here & there if you kno what i mean buddyboi  

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Post time 2009-6-2 09:26:28 |Display all floors
Originally posted by NYChinatown at 2009-6-1 12:04

still thinkin & decidin whether i should go ahead & travel to kentucky to look at some of the old NYC taxi cabs bein graveyard (out of commission) out there; i just love those old chevy ...

Very beautiful.......................  Truly, my friend..... We call them old shoe box cars, big heavy, square and beautiful........ Checkers were a good dependable battle tank made for city

I enjoy rebuilding mine, and find them the same way you do.. People are finally figuring out, they now have small gold mines parked in the pastures, fields and creek beds, and they are commanding a premium for a rust bucket or parts now...

I could pay to get it done, but, perfection is my enemy, and I have to have a little sweat & blood tied up as well...

I would like to share pictures of my cars and my friends, but they wont post.. I posted 2 cars for Amy above, and they never posted them for her..

Thank you for sharing, you have something to be really proud of, and drive it every chance you get... ..:)

What do you have in it, regarding money & time....

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Post time 2009-6-2 09:39:55 |Display all floors
Gov't firmly behind the wheel at GM


WASHINGTON – President Barack Obama now owns General Motors, even though he insists he's taking it out only for a spin.

Hours after the government sent GM into court Monday to file for Chapter 11 protection, Obama declared, "What I have no interest in doing is running GM."

But with a 60 percent equity stake in the carmaker and $50 billion in taxpayer money riding on GM's success, the federal government is far from a hands-off investor.

Obama and his economic team stress that the government's goal is to get GM back on its feet, maximize the return to taxpayers, and exit quickly from its involvement. But as one administration official put it, there is an inevitable tension between those objectives.

And the snap in that tension could sting — politically for Obama, economically for the auto industry and fiscally for the taxpayer.

How well a leaner GM adjusts after a trip through bankruptcy court is an open question. So is the payback to taxpayers. Administration officials already have warned that $2 of every $5 pumped into GM might be difficult to recover.

Given the economic crisis, the Obama administration's aggressive intervention is a defining moment for capitalism. Whether the president's actions serve as a private sector lifeline or a tether is a question that Obama and his economic team must confront not only with GM and Chrysler, another bailed-out automaker, but with the financial sector as well.

But the sheer size of GM's bankruptcy protection filing, the magnitude of the government's role and the company's status as a fallen symbol of American industry might make this intervention perhaps the most remarkable — and among the riskiest.

"There is a huge wish list of things they want," Julian Zelizer, a professor of history and public affairs at Princeton, said of the administration. "They don't want any risk for taxpayers, at the same time they are promising potential rewards for taxpayers. They don't want to run this forever, but at the same time it's a failed company and they're taking on responsibility for it without any clear exit strategy. The longer the promise, the bigger the potential disappointment for people."

It's certainly not lost on the administration that automakers have a huge presence in Indiana, Michigan, Ohio, Wisconsin and Missouri — all potential battlegrounds in a presidential contest. Whether voters there will remember the 66 percent of GM jobs Obama helped retain, or the 34 percent that GM had to shed to satisfy Washington, won't be known until the next election.

The administration's role to date has certainly been forceful.

The president a month ago forced Rick Wagoner out as GM's CEO. The Treasury Department dictated what bondholders should get for the $27 billion they held in GM debt. Obama's team determined that GM needed to downsize so that it could break even if auto industry car sales remain at 10 million vehicles a year, instead of the 16 million auto sales threshold it needs today.

And on Treasury's instructions, GM will replace a majority of its board members in consultation with the Obama administration.

Monday's Chapter 11 filing by GM was enough to spark a new round of partisan criticism. House Republican leader John Boehner of Ohio asked, "Does anyone really believe that politicians and bureaucrats in Washington can successfully steer a multinational corporation to economic viability?"

Eager to put a benign tone on their interventionist role, the White House and the Treasury Department issued a set of "principles for managing ownership stake."

In the principles, the administration acknowledges that in "exceptional cases" of substantial assistance to the private sector, it reserves the right to set up conditions to protect taxpayers, promote financial stability and encourage growth.

But, Obama stressed: "The federal government will refrain from exercising its rights as a shareholder in all but the most fundamental corporate decisions."

The head of Obama's auto task force, Steven Rattner, explained that those fundamental decisions would include the selection of directors and major issues such as the acquisition or the merger of the company.

"No plant decisions, no job decisions, no dealer decisions, no color of car decisions," he added. "Those are all going to be left to management."

For the president, though, doing little could prove to be quite demanding.

The administration already has proposed tougher fuel efficiency requirements by which GM will need to abide. The government also has pumped billions into the auto company's lending arm and assured consumers that it will backstop GM warranties, putting it only a few bureaucratic steps away from fixing a transmission.

And if Obama doesn't find cause to meddle, Congress very well might. The administration declared that it will have no say in what dealerships are closed in the Chrysler and GM restructuring, but members of Congress have tried to step in, asking that dealers be given more time to wind down.

House Speaker Nancy Pelosi, D-Calif., and Majority Leader Steny Hoyer, D-Md., asked administration officials on a Sunday night conference call how they would prevent sending GM manufacturing jobs overseas to China. Last month, several lawmakers were furious the administration didn't speak out publicly when GM considered importing a fuel-efficient car made in China. GM has since announced it will build the car in the U.S. in one of the plants that had been targeted for closing.

And even in their criticism, Republicans themselves suggest a more hands-on approach by the president. Rep. Eric Cantor of Virginia, a member of the House Republican leadership, said the infusion of money means "taxpayers deserve far better oversight and accountability."

That could mean occasionally getting under GM's hood.

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Post time 2009-6-2 10:20:58 |Display all floors
Government Motors.............. Obama likes

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