Some other interesting tidbits from "The Plan"
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Some other interesting tidbits from "The Plan"
Other than the revelations about Saturn and Pontiac mentioned in GM's plan, I found these things interesting:
I don't like this part of the plan, since this type of legislation leads to classic cars getting scrapped:
I'm suprised at this list, a lot of these were sold off YEARS ago:
One year ago, GMAC was able to provide either installment or lease financing for nearly half of GM retail sales. That number has fallen to 6% today.
The Plan includes introducing this market’s smallest 4-passenger vehicle, achieving higher fuel economy than the 2-passenger Smart Fortwo, the most fuel-efficient non-hybrid vehicle in the U.S. market today.
In the Plan, further shifts to smaller displacement gas engines will occur—8-cylinder engines are replaced by 6-cylinder engines, 6-cylinder engines are replaced by 4-cylinder engines. More extensive use of turbo-charging is enabling the shift to smaller displacement engines, providing better fuel economy with normal operations but offering power in reserve for emergency situations. 4-cylinder engine usage, for example, will increase by 42% by 2012, and fuel-saving 6-speed automatic transmission volume will increase by 400%, to over 90% of GM’s U.S. automatic transmission sales volume.
The company’s product plan includes additional vehicles utilizing Volt’s extended-range electric vehicle system
In addition, policies or incentives would be particularly helpful that promote ... tax credits for scrapping older, higher carbon-emitting vehicles.
• Implementing “self-help” actions to improve liquidity by $20B before the end of 2009
o Significant asset sales completed or underway
- GMAC (51%)
- Allison Transmission
- Suzuki
- Isuzu
- Fuji Heavy Industries
- Electromotive Division
- AC Delco (in process)
- HUMMER (in process)
- Strasbourg Powertrain Facility (in process)
o Significant asset sales completed or underway
- GMAC (51%)
- Allison Transmission
- Suzuki
- Isuzu
- Fuji Heavy Industries
- Electromotive Division
- AC Delco (in process)
- HUMMER (in process)
- Strasbourg Powertrain Facility (in process)
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From: BFE, Ohio
In the Plan, further shifts to smaller displacement gas engines will occur—8-cylinder engines are replaced by 6-cylinder engines, 6-cylinder engines are replaced by 4-cylinder engines. More extensive use of turbo-charging is enabling the shift to smaller displacement engines, providing better fuel economy with normal operations but offering power in reserve for emergency situations. 4-cylinder engine usage, for example, will increase by 42% by 2012, and fuel-saving 6-speed automatic transmission volume will increase by 400%, to over 90% of GM’s U.S. automatic transmission sales volume.
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From: Melbourne, Australia
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From: Houston
You will have your V8.
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From: BFE, Ohio
I'd like to think that's not the case, but it could be possible.
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The LS engines will be around for a long time, but it's obviously not "the future".
If I were to speculate, GM will scale back on V8 development in favor of worldwide engines. Maybe when they get back into the black they develop a OHC V8 for luxury/performance applications.
If I were to speculate, GM will scale back on V8 development in favor of worldwide engines. Maybe when they get back into the black they develop a OHC V8 for luxury/performance applications.
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From: USA
I really don't think the government should have it's hands in GM's product plans. It is just gonna make the domestic automakers competitive disadvantage even worse because now they will have to stick to this plan where Toyota or whoever can build what the market demands when they want to. Larger vehicles, more powerful, premium vehicles are more profitable, and someone will build them as long as there is a market for them.
What's sad is this whole mess we are in was not even created by an oil shortage...but by investors playing the oil markets with borrowed money. Funny how the price of oil tanked as soon as the credit market froze and no one could borrow money to invest wildly.
What's sad is this whole mess we are in was not even created by an oil shortage...but by investors playing the oil markets with borrowed money. Funny how the price of oil tanked as soon as the credit market froze and no one could borrow money to invest wildly.
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From: The Land of Pleasant Living
This ****in' BS again. Didn't the "Crusher Camaro" prove this to be crap. WTF? "In addition, policies or incentives would be particularly helpful that promote ... tax credits for scrapping older, higher carbon-emitting vehicles."
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From: The Land of Pleasant Living
I really don't think the government should have it's hands in GM's product plans. It is just gonna make the domestic automakers competitive disadvantage even worse because now they will have to stick to this plan where Toyota or whoever can build what the market demands when they want to. Larger vehicles, more powerful, premium vehicles are more profitable, and someone will build them as long as there is a market for them.
What's sad is this whole mess we are in was not even created by an oil shortage...but by investors playing the oil markets with borrowed money. Funny how the price of oil tanked as soon as the credit market froze and no one could borrow money to invest wildly.
What's sad is this whole mess we are in was not even created by an oil shortage...but by investors playing the oil markets with borrowed money. Funny how the price of oil tanked as soon as the credit market froze and no one could borrow money to invest wildly.
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Joined: Aug 1998
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From: Mill Creek, WA
I really don't think the government should have it's hands in GM's product plans. It is just gonna make the domestic automakers competitive disadvantage even worse because now they will have to stick to this plan where Toyota or whoever can build what the market demands when they want to. Larger vehicles, more powerful, premium vehicles are more profitable, and someone will build them as long as there is a market for them.
What's sad is this whole mess we are in was not even created by an oil shortage...but by investors playing the oil markets with borrowed money. Funny how the price of oil tanked as soon as the credit market froze and no one could borrow money to invest wildly.
What's sad is this whole mess we are in was not even created by an oil shortage...but by investors playing the oil markets with borrowed money. Funny how the price of oil tanked as soon as the credit market froze and no one could borrow money to invest wildly.
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From: NC
The new trucks have been shelved.
The current plan as I know it only calls for V8s in the V-Series Caddys.
Motor Trend has already entertained the idea of a 3.6L CORPORATE Corvette
If GME gets it's way (and they are a big influence on Alpha) The F6 might not feature a V8.
I certainly hope you're right about everything you said and I'm wrong. But I'm scared nonetheless.
Caddy's have to have V8's.
Corvettes have to have V8's.
Camaro's are not going anywhere anytime soon.
You will have your V8.
You will have your V8.
I certainly hope you're right about everything you said and I'm wrong. But I'm scared nonetheless.
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From: San Diego, CA
could someone elaborate on this part? How does it relate to classic cars like the op said?
In addition, policies or incentives would be particularly helpful that promote ... tax credits for scrapping older, higher carbon-emitting vehicles.
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This means that the little old ladies that own the 1970 Camaros and don't know what they have destroy these classics. It also means that the good parts from more modern cars get destroyed - (e.g. B body spindles and disks, LT1 engines, steering boxes, etc.). Also, parts that could be used to keep other cars running well (owned by lower income people) are destroyed.
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From: The Golden State
If the government (or even individuals) have to supply loans or more accurate "co-sign" for a loan, they can apply guidelines on the money or the borrower can go somewhere else.
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From: CNY
The release said "scrapping", not crushing.
In this day & age, I cannot believe that all the environmentally conscious people would want to see all these cars go into a junk yard and sit.
"Recycling" is the new buzz word lately. I would believe that these older cars would be stripped of their useable parts and the rest would be recycled.
And I would hope that a salvage yard would have the smarts to either convince the little old lady who brings in a clean '70 Camaro for salvage to either sell it herself or sell it to him so that it could be saved.
In this day & age, I cannot believe that all the environmentally conscious people would want to see all these cars go into a junk yard and sit.
"Recycling" is the new buzz word lately. I would believe that these older cars would be stripped of their useable parts and the rest would be recycled.
And I would hope that a salvage yard would have the smarts to either convince the little old lady who brings in a clean '70 Camaro for salvage to either sell it herself or sell it to him so that it could be saved.