DETROIT -- General Motors Corp. has killed plans for a new line of rear-wheel drive passenger cars slated to reach North American showrooms in 2008, in large part to free up resources to bring its next generation of large pickups and sport utility vehicles to market quicker. The news comes after GM reassured investors, suppliers and Wall Street analysts last week that future car and truck programs would remain on schedule despite a new cost-cutting effort. The automaker is under severe pressure to streamline after announcing last week its 2005 earnings would fall as much as 80 percent below previous estimates. Read Full Article
GM is going to introduce a new line of bicycles. These new vehicles, which are expected to be classified as light trucks after congress passes a new law, will achieve outstanding fuel efficiencies. This will give a boost to GM's overall average CAFE rating allowing a new, larger, even more gas guzzling XSUV to be build on the M1 Bradley frame, comlete with track system, refuelling directly at oil rigs strategically located across the country.
Bigcharts.com chart showing the daily close for General Motors for the last year: [web:d5d09f45a0]http://bigcharts.marketwatch.com/charts/big.chart?symb=gm&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=64&size=2&state=8&sid=2160&style=380&time=8&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=9640&mocktick=1[/web:d5d09f45a0] And because I'm sure someone is going to ask, "What's Toyota doing?": [web:d5d09f45a0]http://bigcharts.marketwatch.com/charts/big.chart?symb=TOYOF&compidx=aaaaa%3A0&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=64&size=2&state=8&sid=19824&style=380&time=8&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=1376&mocktick=1[/web:d5d09f45a0] [apology]Sorry for the size; the only way I could get them in is through the "web" command. I'm interested to see if they update.[/apology]
Well, there's a reason why GM and GMAC are only one or two grades above Junk Bond status... (The joys of radio options in the vast open country of North Dakota on a Sunday afternoon... "Money Talk" or country music.)
<div class='quotetop'>QUOTE(DanH\";p=\"74430)</div> Dan: Yep. Stick a fork in them, they're done. BTW nice kitty.
Thanks, Tony. Translating the GM chart to a short, pithy phrase: [align=justify:afb00d77b5]Sell! SELLLLLL!!!!! "Say, that looks like a nice window to jump out of!"
<div class='quotetop'>QUOTE(TonyPSchaefer\";p=\"74454)</div> Tony: :lol: And if you try to refuel too quickly, the ground collapses beneath you like an underground nuclear detonation! Geez, I love it, those boobs at GM have finally proven they are *beyond* insane.
