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Posts Tagged ‘Cadillac’

This Thanksgiving week, General Motors has officially ceased production of it’s Pontiac brand of vehicles as a result of the bailout by the U.S. government.  Not only could the car maker not meet it’s financial obligations but, the fact is that the car’s brand no longer had the appeal it once did and sales were declining.

The last Pontiac G-8 rolled off the assembly line in Orion heading for a fleet order rather than a museum for posterity sake yesterday.  http://www.detnews.com/article/20091126/AUTO01/911260411/Pontiac-reaches-end-of-the-line/?imw=Y 

http://www.pontiac.com/ has the official closeout information on remaining vehicles for sale with deals as low as o% financing for six years or cash back offers up to $4,500.  As a wake up call to anyone buying a car, six years is an absurd amount of time to pay off a car, especially when the warranty ends before you pay it off.

With discount offers like this across most of GM’s product line up, how they are ever going to make money, get out of bankruptcy and away from government ownership is beyond any one’s guess. 

Besides the 1000’s of job losses at Pontiac plants, NUMMI the joint venture between  GM and Toyota venture looks to be shutting its doors as well. http://www.mercurynews.com/drive/ci_13766495 From the Bureau of Labor Statistics unemployment by state http://www.bls.gov/web/laumstrk.htm is listed.  Like the climategate, how true these numbers are is any one’s guess.

I recall the 1978 Pontiac Bonneville that I learned to drive in.  What a tank, but it had the radio antennae built into the glass which was pretty cool.  In 1982 came the Firebird and was featured on the TV Show Knight Rider.  I never owned one, but a lot of my buddies did and it was a girl magnet.

Pontiac Fiero

In 1984,  my dad through a mid life crisis or whatever, found the Pontiac Fiero much more in the spirit of things.  What a car it was and far removed from anything on the market.  The damned things body was made of plastic!  We’ll some sort of poly-resin- that when a grocery cart hit it it bounced off with no damage.  With no USA steel to give it strength, on impact the car crumbled.  Luckily, we never crashed it but traded it it on something or another.  Might have been the Cadillac Sedan De Ville with the horrendous 4-6-8 valve engine- another GM disaster.

Our Fiero was hot red in color with every option known to man, including the fabulous sound system from Bose.  Nothing like Van Halen screaming at you at ten decibels while driving down the highway. A definite babe magnet of a car.  It made you want to live in the fast lane or at least drive in it.

 

Chief Pontiac, Ottawa Tribe

In the spirit of Thanksgiving, Chief Pontiac of the Ottawa Tribe must be glad to know that the spirit of the Pontiac brand of vehicles will go on- in memory at least.  He was quoted as saying, 

According to a French chronicler, in a second council Pontiac proclaimed:

It is important for us, my brothers, that we exterminate from our lands this nation which seeks only to destroy us. You see as well as I that we can no longer supply our needs, as we have done from our brothers, the French…. Therefore, my brothers, we must all swear their destruction and wait no longer. Nothing prevents us; they are few in numbers, and we can accomplish it.   Peckham, Indian Uprising, 119–20; Dixon, Never Come to Peace, 109. via  http://en.wikipedia.org/wiki/Chief_Pontiac#cite_note-8

It didn’t turn out so good for the Indians being forced to reservations, but in the long run some tribes are probably more financially stable than the U.S. government,  thanks to good fiscal policy and casino’s.

Ironically enough, the Pontiac Silverdome was sold this month for $583,000 USD to a Toronto, Canadadian businessman. Completed in 1975 as the Pontiac Metropolitan Stadium, at a cost of $55.7 million, the Silverdome seats 80,311. It contains 102 luxury suites and 7,384 club seats. more at http://en.wikipedia.org/wiki/Pontiac_Silverdome

“While still not sure what he’ll ultimately do with the stadium, adjacent fieldhouse and 127 acres of land, Apostolopoulos said he’d like to return it to being a place that hosts football, soccer, hockey and basketball as well as concerts.  “People today like sports so we have to keep it for sports events,” he said. “Whatever they like, we’ll do.” But Apostolopoulos said the zoning does allow for the tearing down of the stadium and the building of houses, apartments or almost any other kind of construction.” http://www.thestar.com/sports/article/729769–toronto-developer-snaps-up-vacant-pontiac-silverdome

At less than $5000 USD an acre that was a good deal for any pilgrim. 

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I got my hands on the wheel….

Obama is keeping his Cadillac, but not Rick Wagner the head of General Motors.

Rick Wagoner has agreed to step down as General Motors chairman and chief executive at the behest of the White House as part of a plan to provide more aid to U.S. automakers, administration officials said today at http://www.latimes.com/business/la-fi-auto-bailout30-2009mar30,0,2247834.story?track=rss.

Cadillac has built limousines and special vehicles for U.S. presidents, diplomats, ambassadors and foreign dignitaries since the early 20th century. 

President Obama is expected to unveil plans for the American auto industry this week, including the fact that GM and Chrysler will be seeking more bailout money.  In yet another Barackstar appearance, on CBS’ “Face the Nation,” Obama said Sunday that the nation could have a “successful U.S. auto industry.”

The Presidential Task Force on the Auto Industry, headed by the Treasury Department is studying ways and means to make things more effective and avoid Chapter 11.  Members of the Force are of course,[ source http://www.whitehouse.gov/the_press_office/Geithner-Summers-Convene-Official-Designees-to-Presidential-Task-Force-on-the-Auto-Industry/]

Treasury Secretary Tim Geithner and—

  • National Economic Council Director Larry Summers
  • Secretary of Transportation
  • Secretary of Commerce
  • Secretary of Labor
  • Secretary of Energy
  • Chair of the President’s Council of Economic Advisers
  • Director of the Office of Management and Budget
  • Environmental Protection Agency Administrator
  • Director of the White House Office of Energy and Climate Change 

Senior Adviser on Auto Issues at the Treasury Department

  • Ron Bloom, Senior Advisor on the Auto Industry, Department of Treasury

Official Designees of the Members of the Presidential Task Force:

  • Diana Farrell, Deputy Director, National Economic Council
  • Gene Sperling, Counselor to the Secretary of Treasury
  • Jared Bernstein, Chief Economist to Vice President Biden
  • Edward Montgomery, Senior Advisor, Department of Labor
  • Lisa Heinzerling, Senior Climate Policy Counsel to the EPA Administrator
  • Austan Goolsbee, Staff Director and Chief Economist of the Economic Recovery Advisory Board
  • Dan Utech, Senior Advisor to the Secretary of Energy
  • Heather Zichal, Deputy Director, White House Office of Energy and Climate Change
  • Joan DeBoer, Chief of Staff, Department of Transportation
  • Rick Wade, Senior Advisor, Department of Commerce

The American taxpayer has already stepped up to provide GMAC with $5 billion of TARP so it can continue to allow GM to sell more cars at a $2,000 loss per car says http://seekingalpha.com/article/122787-as-gm-goes-so-goes-the-nation-part-2 and going on to note that GM has lost up wards of $72 Billion, with a B, dollars in the last three years.

B also stands for bribery.  Maybe Wagoner should go, but to leave at the governments request instead of a shareholder mandate is just another nail in coffin of capitalism.  We’ll give you the money honey,  but you have to do what we say.  Bribery is a kind word, I’d call it pimping, slaving or whoring under Obama’s socialism.

Generous Motors, er- General Motors… where as GM goes, so goes the nation.  The best outlook on it all so far comes in the form of a comment from http://seekingalpha.com/article/122787-as-gm-goes-so-goes-the-nation-part-2 — and I hope he/she is right in taking a different view of GM, …” expect them to return to profitability sometime in 2010, unless SAAR remains under 11M. GM spent a ton on worldwide platforms that are now the envy of the world. Their product launches over the last few years have been awesome, and into the future are just fantastic. If the economy wouldn’t have tanked, GM would already be reporting a profit. We’re earning 5% interest on our bridge loan to GM, which will, at worst, begin to be paid back in 2012, and if SAAR returns to 15B or up, much faster. The business moves that GM has made over the last five years or so have put GM in a much better competitive position. Of course, you’ll have to ask our government why they even allowed Japanese manufacturers in this country decades ago, when Japan doesn’t reciprocate, basically closing their 3 million car market to U.S. Manufacturers. Ask our government how they expected the domestic manufactures to compete with health benefits placed squarely on the companies back, while the Japanese have their benefits completely subsided by their government. It may not look like it for awhile longer, but the future is bright for GM. When America begins to buy cars again, and they will, then the GM recovery and return to profitability will shortly follow. Look for GM’s market share, relative to the market, to actually increase this year.”

Hey, my GMC truck still burns less carbons than Pelosi’s jet or Obama’s new helicopter any day.

For the record, Roger Moore can kiss the pin stripes on my American manufactured truck.

Go ahead and comment, you know you want to.

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