Blue Collar Benefit Monitor
Retired workers helping each other
8 posts in Forum from Visteon cleared for emergence from bankruptcy to Old GM being sold for parts
Tuesday, August 31, 2010 - 11:25 PM

There have been eight new publications added to the Forum. The first one can be found posted in Delphi, Visteon and American Axle. The article is a release from the Associated Press reporting that a federal judge has confirmed auto parts supplier Visteon’s reorganization plan, clearing the way for the company’s emergence from bankruptcy.

Five new posts have been placed under the GM, Ford and Chrysler tab. The first article comes from the Detroit News telling that Chrysler Group LLC dealers who came to Detroit worried about how much it would cost to add the Fiat brand to their showrooms, emerged from a meeting Monday with Chrysler officials energized about the brand and eager to submit their bids for a franchise. The second article comes from a Free Press Business Writer stating that Chrysler dealers might get a shot at selling as many as five Alfa Romeo models, beginning in late 2012, if they are lucky enough to be chosen as one of the 160 Fiat dealers to sell the tiny 500 City Car, beginning late this year. The third article comes from the Free Press Staff and News Services reporting that the 2011 Buick Regal has received a Top Safety Pick rating from the Insurance Institute for Highway Safety, beating models from targeted brands Lexus and Infiniti. Look out, Detroit is Back! The fourth article comes from the DRIVEON section of USA TODAY. It tells that Chevrolet management is going to ask dealers to buy a Honda Civic and a Toyota Corolla on site so Chevy Cruze customers can comparison shop. GM says it hopes buyers will find the interiors to be a step up from the competition. The fifth article comes from the Business Day section of the New York Times. It states that having emerged from bankruptcy, the revitalized New GM has recently reported $1.3B in quarterly earnings, but the Old GM, a grim collection of shuttered auto plants, vacant office space and toxic industrial sites is one step closer to extinction, it is being sold for parts.

One new post has been entered into the Open Discussion section. The article comes from the Wheels section of the New York Times. It reports that the United Services Automobile Association, the financial services company that caters to the military, is arming customers with a new secret weapon when they shop for their next car. Although USAA is for members of the military, it also allows direct relatives and spouses to join, including children and grandchildren of people who served in the armed forces. All too many times, unethical auto dealerships will take advantage of military personnel and now it is good to hear that somebody is looking out for the interests of the brave men and women, and their families, who have or are serving to protect our great country.

One new post has been placed in the Opinion category. The article comes from the Detroit News and while telling that on Wednesday, Daniel “melon head” Akerson officially will become GM’s fourth CEO in 17 months, it asks the questions; will Akerson’s GM be about winning or just staying in the game and will success be measured in constantly tinkering with marketing programs at the expense of nut and bolts product programs (the same ones that are producing better vehicles now than anytime in GM’s modern history)? A lot of questions remain unanswered by the incoming top executive Dan “melon head” Akerson.

<< Navigate to Tuesday, August 31, 2010 Add New Comment
No records found        
Add New Comment
Your name   
Subject   
Content   
*Required fields