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[coiran]

I just took out a new lease on a 2008 Impala for the wife. Our old 2006 lease was up the enf ov November. They got me out of it and into tje old lease program, which is ending Monday August 18. After that rates will go up and residuals will go down making leasing more unattractive.

Joking with the salesman I said " The next thing they will take away from the salary and salary retiree will be the employe discount". He stated that it is already in the works, most likely for salary only.

I fear GM is going to lose all of their salary loyalty, not to mention salary employes who can find better jobs elsewhere where the employer does not treat you as disposable.

I predict that "Ricky" and some of his cronies will be gone in a few years. Remember Bob Eaton? He was a VP at GM, left and became CEO at Chrysler. After a few years there he and our good friend Bob Lutz engineered a deal to sell the company to Daimler, knowing it was on the downhill. Eaton walked out of that with a cool $80 Million and Lutz with a cool $50 million. And who hired Lutz, why GM of course. All he has done for GM is the Solstice while lining his portfolio with many more millions. I look for Ricky and him to try to pull off the same deal with GM. Trouble is they may have a hard time finding a buyer, but it can be done at the shareholders expense.

Remember the GM guy that took over Delphi when GM dumped it? He walked off with a multi million dollar buyout after he saw Delphi going down the tubes. Now he and Eaton are neighbors in Florida laughing on their way to the bank everyday before golfing.