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Too big to fail ! They came with begging bowl for tax payers money....now it is all about investors money...what is the taxpayers populace fate does not matter anymore. Capitalism by government collusion.
 

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Bummer,
GM is fighting to not go bankrupt.... they have such huge pension and healthcare liabilities (a real bankruptcy would have wiped them away, Obama's fake bankruptcy did not)
And
Australia and NZ drive on the wrong side of the road,
and require to much $$$$ capital investment to build cars over there, for low volume driving on wrong side of road car sales.
Especially since other countries are dumping lower cost cars into Australia and NZ.

We used to have a Holden when I lived there, I still remember the jingle on the radio
..... " fish and chips, kiwi girls and Holden cars" ....
 

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Funny how what was in your contract when they hire you becomes pension and healthcare liabilities. May the new economic language...the payment of employees is a liability.

if they kept the money for healthcare and pension separate and not gamble it say by buying FIAT and letting it go with $5 billion to $10 billion short may be such "liabilities" won't happen.
 

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if they kept the money for healthcare and pension separate and not gamble it say by buying FIAT and letting it go with $5 billion to $10 billion short may be such "liabilities" won't happen.
LOL! Hang onto that faux outrage until 2020 draws closer to an end.
 

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Funny how what was in your contract when they hire you becomes pension and healthcare liabilities. May the new economic language...the payment of employees is a liability.

if they kept the money for healthcare and pension separate and not gamble it say by buying FIAT and letting it go with $5 billion to $10 billion short may be such "liabilities" won't happen.
This is how it works. If GM could figure out how to build it's entire production run with two assembly line workers the Wall Street geniuses that run this country would be upset if GM didn't have an aggressive plan in place to eliminate one of those workers and cut the wages and benefits of the remaining poor fool.

Wall Street's business model for manufacturing has been a death spiral for the past forty plus years. Cut costs, cut production, close plants, cut jobs, rinse and repeat over and over again. When the company dies (the end result of this model), buy the product from China/Korea/Vietnam/Timbuktu/wherever, which is what they were after from the beginning.
 

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Not surprised at all. Wonder what brands people are buying there?
Dirty Mitsubishi's & Hyundai's. Although a lot of rental companies are buying Outlanders/ASX etc, but their rival Ford, still going strong in selling the SUV range unfortunately :(

Although, LDV seems to be going pretty hard too.
 

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Driving on the other side of the road (wrong side lol) puts the Aussies and Kiwis directly in the arms of the Japanese who also drive on that side of the road, I am not sure about Korea and what side they drive on but they also send a lot to Downunder. Peugoet is big as is Renault/Nissan. Even Fiat sends vehicles their way. That includes their version of the Dodge Journey. Aussies and Kiwis also pay outrageous Taxes on Gas which why they prefer the smaller vehicles even if Australia is more like North America with wide open spaces. GM is just focused on China and a doubtful attention to electric, All the rest of production, Europe, Canada,and now Australia is being rationalized.
 

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Speaking of petrol .. .. went past the station today after filling up Friday. .

Now down to $1.85/gallon. :surprise:


So I have two vehicles with full tanks and nowhere to go due to COVID-19.
I was told today that if crossing the Illinois state line. . . they are wanting a 14 day self quarantine now.



Restaurants are all offering curb side pick up only and for limited hours. Some are just closing for a week or two saying is not worth it to stay open.


Well . . wife just made two loaves of zucchini bread. Since she is stuck home here and cancelled Spring Break vacation plans. . . baking things! :grin:
 

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$2.40 in Upstate NY. We're getting hosed.
 

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In, Midland ON the price was 77 c/l or 2.75 a gallon, most of that is tax, But the strange thing was, Diesel was 1.30 liter and it Went UP from 1.19 liter. I do not know why that happened. if anybody is getting hosed its those diesel drivers.
 

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I was told today that if crossing the Illinois state line. . . they are wanting a 14 day self quarantine now.

In Iowa gatherings of more than 10 people is prohibited.
Bars, theaters, gyms and casinos have been ordered to close.
Restaurants can only do take out, drive up or delivery.


Our gas is $1.99 for 87 with E10.
 
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