GM And Bankruptcy!

I have no idea why General Motors Corp. is dancing around the fact that bankruptcy is going to happen to them come June 1st. They keep stating that their hoping to restructure without court protection. What I think is happening is that their getting their paper work in order to file for court protection. They have to, there’s no way the deal their trying to do with their debt will work. Their trying to get the bond holders and auto workers union to take 10 percent of the company in exchange for $27 billion debt. Who in their right mind would take that offer. And there’s no way Obama is going to bond holders to agree to it. Just look what happen to Chrysler, the bond holders told Obama no way. So no one be surprise when June 1st comes and General Motors files for chapter 11, it will happen.

Direct Rates!

I have one simple question for everyone reading this, do you live in New York? If so you need to make sure you find an insurance provider that meets your needs. As most of you living in New York already know that New York Auto Insurance isn’t cheap. If you click on the link that I provide in this post it will take you to a site that could help save you cash on auto insurance, as well as home insurance and business insurance. They will show you direct rates from a few sources, side by side like. This type of way in getting rates will save you the most amount of money. Anyway, check the site out to get your customize quotes, you can call in by phone or complete a form online. Stop over paying!

Unions Kill Businesses!

I have said this a thousand times, unions kill businesses, they really do. And this will happen within the auto industry. That’s because there’s a deadline coming, today that needs to be set and the United Auto Workers Union is going to be holding it up. The UAW thinks they’re helping the employees but their not. What’s going to happen is General Motors Corp. and Chrysler LLC are going to go out of business if the UAW doesn’t rework the deals with these companies. If the deadline to rework these contract aren’t in place by today the automakers might not get anymore money to stay in business. The only people to lose in a deal like that is the autoworkers, contractors and the American people. So please don’t try to tell me unions work, because they don’t. I once was in a union, and most of the time they did nothing for you. You’ll see what I’m talking about when the UAW brings down 2 major automakers within a year. Unions in any industry don’t work, they really don’t.

GM’s New Line Up!

At the Detroit Auto Show this year General Motors Corp. introduced 17 new and upcoming vehicles. Their planning on releasing their version of the Honda Fit and Toyota Yaris this year in Europe. And they also introduced that the same car will be released in the U.S. by 2011, which is a big step forward. But the big surprise wasn’t the 17 new vehicles it was the introduction of the Cadillac Converj concept car. This car is designed to go 40 miles on electric power. And there is no special way to charge it up, just plug it in the wall at your home and your ready to go. And once your batteries run low you can switch over to gas, which will increase your miles. This new concept car will have the same powertrain technology that’s in the Chevrolet Volt. This new technology is just what GM may need to get them back on track. After all, this is what we’re looking for in our vehicles today, more miles on less gas. So now instead of your gasoline bill going up your home electric bill will. Just doesn’t seem like we can really ever win.

Tags: Detroit Auto Show, General Motors Corp.