GM Pulls Plug on '08 Line of Cars

**Tideland Prius** · 03-21-2005, 08:49 PM

DETROIT -- General Motors Corp. has killed plans for a new line of rear-wheel drive passenger cars slated to reach North American showrooms in 2008, in large part to free up resources to bring its next generation of large pickups and sport utility vehicles to market quicker.

The news comes after GM reassured investors, suppliers and Wall Street analysts last week that future car and truck programs would remain on schedule despite a new cost-cutting effort.

The automaker is under severe pressure to streamline after announcing last week its 2005 earnings would fall as much as 80 percent below previous estimates.

Read Full Article

DanH · 03-21-2005, 08:57 PM

Okay, I can see dropping the rear wheel drive cars...but to do what!? Now I know they're on crack.

**TonyPSchaefer** · 03-21-2005, 10:15 PM

GM is going to introduce a new line of bicycles. These new vehicles, which are expected to be classified as light trucks after congress passes a new law, will achieve outstanding fuel efficiencies. This will give a boost to GM's overall average CAFE rating allowing a new, larger, even more gas guzzling XSUV to be build on the M1 Bradley frame, comlete with track system, refuelling directly at oil rigs strategically located across the country.

DaveinOlyWA · 03-21-2005, 11:40 PM

and the beat goes on...but will GM?

**TonyPSchaefer** · 03-22-2005, 12:17 AM

Bigcharts.com chart showing the daily close for General Motors for the last year:
[web:d5d09f45a0]http://bigcharts.marketwatch.com/charts/big.chart?symb=gm&compidx=aaaaa%3A0&ma=0&maval=9&u f=0&lf=1&lf2=0&lf3=0&type=64&size=2&state=8&sid=21 60&style=380&time=8&freq=1&comp=NO%5FSYMBOL%5FCHOS EN&nosettings=1&rand=9640&mocktick=1[/web:d5d09f45a0]

And because I'm sure someone is going to ask, "What's Toyota doing?":
[web:d5d09f45a0]http://bigcharts.marketwatch.com/charts/big.chart?symb=TOYOF&compidx=aaaaa%3A0&ma=0&maval= 9&uf=0&lf=1&lf2=0&lf3=0&type=64&size=2&state=8&sid =19824&style=380&time=8&freq=1&comp=NO%5FSYMBOL%5F CHOSEN&nosettings=1&rand=1376&mocktick=1[/web:d5d09f45a0]

[apology]Sorry for the size; the only way I could get them in is through the "web" command. I'm interested to see if they update.[/apology]

D'Tan · 03-22-2005, 12:48 AM

Well, there's a reason why GM and GMAC are only one or two grades above Junk Bond status...

(The joys of radio options in the vast open country of North Dakota on a Sunday afternoon... "Money Talk" or country music.)

jayman · 03-22-2005, 01:48 PM

<div class='quotetop'>QUOTE(DanH\";p=\"74430)</div>

Quote:

Okay, I can see dropping the rear wheel drive cars...but to do what!? Now I know they're on crack.[/b]

Dan:

Yep. Stick a fork in them, they're done.

BTW nice kitty.

bookrats · 03-22-2005, 01:50 PM

Thanks, Tony.

Translating the GM chart to a short, pithy phrase:

[align=justify:afb00d77b5][SIZE=2]Sell! SELLLLLL!!!!!

"Say, that looks like a nice window to jump out of!"

jayman · 03-22-2005, 01:50 PM

<div class='quotetop'>QUOTE(TonyPSchaefer\";p=\"74454)</div>

Quote:

comlete with track system, refuelling directly at oil rigs strategically located across the country.[/b]

Tony:

And if you try to refuel too quickly, the ground collapses beneath you like an underground nuclear detonation!

Geez, I love it, those boobs at GM have finally proven they are *beyond* insane.

03-21-2005, 08:49 PM	#1
Tideland Prius Moderator of the North Join Date: Oct 2004 Location: Canada Posts: 19,631 My Car: 2010 Prius Model: N/A Package: Technology Package (Canada) Thanks: 229 Thanked 345 Times in 244 Posts Friends: 23	GM Pulls Plug on '08 Line of Cars DETROIT -- General Motors Corp. has killed plans for a new line of rear-wheel drive passenger cars slated to reach North American showrooms in 2008, in large part to free up resources to bring its next generation of large pickups and sport utility vehicles to market quicker. The news comes after GM reassured investors, suppliers and Wall Street analysts last week that future car and truck programs would remain on schedule despite a new cost-cutting effort. The automaker is under severe pressure to streamline after announcing last week its 2005 earnings would fall as much as 80 percent below previous estimates. Read Full Article __________________ 2005 Tideland Pearl Premium Package 25/10/04 VVT-i Emblem, Sport Pedals, All-Weather Mats, Cargo Mat, EV Mod, JDM Prius Footwell Lighting, DICE iPod Kit 2008 Deep Black smart fortwo passion coupé - sold (6.1L/100km) 2010 Blue Ribbon Metallic Technology Package 29/08/09 All-Weather Mats, Homemade Console Pads, LED lighting "Ask an Expert" on Facebook I am not employed by Toyota, and the opinions expressed by me as a Prius Expert are not those of Toyota.

03-21-2005, 08:57 PM	#2
DanH Join Date: Aug 2004 Posts: 201 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Re: GM Pulls Plug on '08 Line of Cars Okay, I can see dropping the rear wheel drive cars...but to do what!? Now I know they're on crack.

03-22-2005, 12:17 AM	#5
TonyPSchaefer Your Friendly Moderator Join Date: May 2004 Location: Far-North Chicagoland Posts: 10,503 My Car: 2004 Prius Model: Package: #9 Thanks: 39 Thanked 165 Times in 106 Posts Friends: 23	Re: GM Pulls Plug on '08 Line of Cars Bigcharts.com chart showing the daily close for General Motors for the last year: [web:d5d09f45a0]http://bigcharts.marketwatch.com/charts/big.chart?symb=gm&compidx=aaaaa%3A0&ma=0&maval=9&u f=0&lf=1&lf2=0&lf3=0&type=64&size=2&state=8&sid=21 60&style=380&time=8&freq=1&comp=NO%5FSYMBOL%5FCHOS EN&nosettings=1&rand=9640&mocktick=1[/web:d5d09f45a0] And because I'm sure someone is going to ask, "What's Toyota doing?": [web:d5d09f45a0]http://bigcharts.marketwatch.com/charts/big.chart?symb=TOYOF&compidx=aaaaa%3A0&ma=0&maval= 9&uf=0&lf=1&lf2=0&lf3=0&type=64&size=2&state=8&sid =19824&style=380&time=8&freq=1&comp=NO%5FSYMBOL%5F CHOSEN&nosettings=1&rand=1376&mocktick=1[/web:d5d09f45a0] [apology]Sorry for the size; the only way I could get them in is through the "web" command. I'm interested to see if they update.[/apology] __________________ Proud father of Priapus: the '04 Tideland BC9 with an OEM EV button and sense of self-righteousness Current Mileage Chicago Prius Group Website Chicago Hybrid Group on FaceBook Find me on faceBook

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03-21-2005, 10:15 PM	#3
TonyPSchaefer Your Friendly Moderator Join Date: May 2004 Location: Far-North Chicagoland Posts: 10,503 My Car: 2004 Prius Model: Package: #9 Thanks: 39 Thanked 165 Times in 106 Posts Friends: 23	GM is going to introduce a new line of bicycles. These new vehicles, which are expected to be classified as light trucks after congress passes a new law, will achieve outstanding fuel efficiencies. This will give a boost to GM's overall average CAFE rating allowing a new, larger, even more gas guzzling XSUV to be build on the M1 Bradley frame, comlete with track system, refuelling directly at oil rigs strategically located across the country.

03-21-2005, 11:40 PM	#4
DaveinOlyWA 3rd Time was Solariffic!! Join Date: Apr 2004 Location: South Puget Sound, WA Posts: 12,378 My Car: 2010 Prius Model: IV Package: Solar Roof Thanks: 24 Thanked 121 Times in 103 Posts Friends: 10	and the beat goes on...but will GM?

03-22-2005, 12:48 AM	#6
D'Tan Join Date: Mar 2005 Location: North Dakota Posts: 6 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Well, there's a reason why GM and GMAC are only one or two grades above Junk Bond status... (The joys of radio options in the vast open country of North Dakota on a Sunday afternoon... "Money Talk" or country music.)

03-22-2005, 01:50 PM	#8
bookrats Senior Member Join Date: Mar 2004 Location: Seattle, WA Posts: 2,843 My Car: Model: Package: Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	Thanks, Tony. Translating the GM chart to a short, pithy phrase: [align=justify:afb00d77b5][SIZE=2]Sell! SELLLLLL!!!!! "Say, that* looks like a nice window to jump out of!"*