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.
Somebody (Board of Directors) had to give these guys the 'deal' they got.....and if so - why. And if so, they ought to be the first to go!
If a NFL owner offers a player a 40 million $ contract - they're gonna take it. Where does the money come from? TV money. Where does TV money come from - advertisers. Where does advertiser money come from - people (us) who buy products.
With corporate 'golden parachutes', if the corp is profitable the money comes from profits, effectively taking it away from stockholder dividends. If the corp is not so profitable, the stock falls and the value to the stockholder declines. In either case, stockholders bite the bullet.
All you can do is hope these guys are paying full boat taxes to the feds and that they are spending most of their ill-gotten gains and thereby feeding the economy.
__________________ TEAM SOLSTICE 2008
NASSOA(tm) Founding Member #2 1st 1K #781 DDM Custom Turbo System DDM Pro-Beam, A-Pillar Pod, PLX gauges
Starlight red I/C pipes and coil cover
GReddy Profec B Boost Controller, HKS BOV
3" Magnaflow cat-free
Werks radiator / Precision billet grilles
Norms vented fenders / GXP Spoiler
Riken Raptor's 255/45/18
It comes from the rest of the general public that pays the price for the product. They don't get the special "employee discount" pricing.
__________________ Friendship is like peeing in your pants. Everyone can see it, but only you can feel its true warmth.
MODS:
SoloPerformance SQR@ Dual Twin Exhaust
Rear painted valence (Agressive)
Real wood dash kit
Front and rear paint matched mudflaps
Rear spoiler
It comes from the rest of the general public that pays the price for the product. They don't get the special "employee discount" pricing.
Well I hope they get a lot of non GM customers. I have bought my last GM car.
I was a loyal salary employe for 34 years. Since retiring sll they have done is take from me and give to the hourly. I spent five years in college to make something of myself.
The hourly GM workers have a much better retirement plan than I have. I could have been aa high school dropout ant worked hourly for GM and be better off.
Let's not panic just yet. They haven't taken it away.
__________________
WooHoo!!! Ordered a loaded Deep GXP (minus smokers package) on March 19th, 2008. Order number 0814D93708
Event code 3400 on April 12, 2008
Born April 30, 2008 (VIN 1G2MF35X58Y130283)
Delivered to dealer May 23th, 2008
Delivered on May 27, 2008
I think I'm in love...
Mods: lose the chicklets, VentureShield, Dual horns, AfterShock spoiler, Weathershield cover, Lil Chromies and red calipers with black Solstice stickers!
Let's not panic just yet. They haven't taken it away.
True!
Not too sure exactly where the "damage control" will lead us, at this point there are tons of rumors flying.
I really hope the "big" boys don't go out of control and panic.
If they remain calm and just focus on making affordable, reliable, "good looking" vehicles we can weather this storm.
__________________ Volley - ICOD GOTHIC................"Pontiac Pure Excitement".........
.................................................. ...."Drive it like you stole it"
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Well, for us salary retirees 65 and over they are eliminating our insurance the first of the year. If they take away GMS for us, I have bought my last GM automobile.
Hope that doesn't happen, tho.
__________________ "Never attribute to malice that which can be adequately explained by stupidity."
A positive attitude may not solve all your problems but it will annoy enough people to make it worthwhile.
Savannah Coastal Run April 2007
2nd Annual NA Meet June 2007
Skyline Drive October 2007
Key West Run December 2007
Savannah Coastal Run May 2008
Pending:
KappaHeads at the Beach SC April 2009
NA Nationals, CO June 2009
TOTD, NC-TN August 2009
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