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If GM Survives Should Saturn Simply Disappear?

| среда, 30 сентября 2009 г.

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Everything is in a "state of flux" right now for the U.S. automakers. Even if they manage to secure loans from the U.S. government and possibly the Candian government, there will still be major changes.

There have been many reports and rumors that GM may end up dropping or scaling back the slow selling Saturn, Pontiac and GMC brands. In its plan that it submitted to the U.S. Congress last week, GM stated that it is "exploring alternatives" for the Saturn brand. Although Saturn currently has a strong product lineup, the brand has failed to meet sales expectations.

Many people would assume that GM should just cut its losses with the Saturn brand and move on, but doing so would cost GM at least $1 billion in all the dealer buyouts.



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VIDEO: What Will Happen if the Big Three U.S. Automakers Collapse?

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GM has put together an informational video of what it predicts will happen if the Big Three automakers all fail next year.

Some highlights:
-If all three fail next year it will result in 3 million U.S. jobs lost in the first year
-Total governement tax loss over three years = $156.4 billion
-The U.S. GDP would drop 4 percent, compare that to the fact that the current economic downturn was caused by a .3 percent drop
-One out of every ten jobs in the U.S. relies on the U.S. auto industry



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GM Recalls 857,735 Vehicles, Cue The Late-Night TV Class Action Law Suit Ads

| суббота, 26 сентября 2009 г.

Today, GM announced the recall of 857,735 vehicles equipped with heated windshield wiper fluid systems [although at least one early bird attorney already has the number inflated to 944,000 on his "Lemon Law" website]. According to the National Highway Traffic Safety Administration, a short circuit in the wiper fluid system’s electric wiring may cause other electrical features to malfunction, resulting in an odoriferous smoke and a significant fire hazard. The recall was reportedly issued for certain 2006-2008 model year vehicles and applies specifically to the 2007-2008 Chevrolet Silverado, Chevrolet Tahoe, Chevrolet Suburban, Cadillac Escalade, Cadillac Escalade ESV, Cadillac Escalade EXT, GMC Acadia, GMC Sierra, GMC Yukon, GMC Yukon XL, Saturn Outlook; the 2006-2008 Hummer H2, Cadillac DTS, Buick Lucerne; and the 2008 Buick Enclave.

To rectify the problem, GM will install a wire harness with an in-line fuse that will automatically disable the system in the event of a short circuit.



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