Comments on: GM Makes Cuts to Raise Liquidity by $15 Billion: No Impact on Volt http://gm-volt.com/2008/07/15/gms-plan-to-raise-liquidity-by-15-billion-to-deal-with-slumping-economy-and-auto-sales/ Real-time news, information, and discussion about the Chevrolet Volt. Sat, 20 Mar 2010 18:49:29 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Jackson http://gm-volt.com/2008/07/15/gms-plan-to-raise-liquidity-by-15-billion-to-deal-with-slumping-economy-and-auto-sales/#comment-53280 Jackson Thu, 17 Jul 2008 01:42:58 +0000 http://gm-volt.com/?p=1162#comment-53280 This is way late on an old thread, but I finally got to talk to my GM retiree uncle tonight. They are currently being told that health coverage will end in Jan 2009, but that there will be a $300 increase in the retirement benefit. Since he was paying over $100 a month on top of what GM was paying, this likely won't help, much. So, it's not quite as shocking and awful as all that. Just surprising and bad. This is way late on an old thread, but I finally got to talk to my GM retiree uncle tonight.

They are currently being told that health coverage will end in Jan 2009, but that there will be a $300 increase in the retirement benefit. Since he was paying over $100 a month on top of what GM was paying, this likely won’t help, much.

So, it’s not quite as shocking and awful as all that. Just surprising and bad.

]]> By: j man http://gm-volt.com/2008/07/15/gms-plan-to-raise-liquidity-by-15-billion-to-deal-with-slumping-economy-and-auto-sales/#comment-53188 j man Wed, 16 Jul 2008 20:25:49 +0000 http://gm-volt.com/?p=1162#comment-53188 tagamet I know, I just thoght it would be funny to see it on live tv. tagamet

I know, I just thoght it would be funny to see it on live tv.

]]> By: srschrier http://gm-volt.com/2008/07/15/gms-plan-to-raise-liquidity-by-15-billion-to-deal-with-slumping-economy-and-auto-sales/#comment-53184 srschrier Wed, 16 Jul 2008 20:07:43 +0000 http://gm-volt.com/?p=1162#comment-53184 Updated video link (since posts #66 & #113) to the complete 50+ minute GM Press Conference of July 18, 2008 provided courtesy of WXYZ-TV, ABC News Detroit. http://www.wxyz.com/search/videosearch.aspx?search=gm+press+conference Click "GM Press Conference" on WXYZ's video page. Updated video link (since posts #66 & #113) to the complete 50+ minute GM Press Conference of July 18, 2008 provided courtesy of WXYZ-TV, ABC News Detroit.

http://www.wxyz.com/search/videosearch.aspx?search=gm+press+conference

Click “GM Press Conference” on WXYZ’s video page.

]]> By: 250volts http://gm-volt.com/2008/07/15/gms-plan-to-raise-liquidity-by-15-billion-to-deal-with-slumping-economy-and-auto-sales/#comment-53144 250volts Wed, 16 Jul 2008 16:44:09 +0000 http://gm-volt.com/?p=1162#comment-53144 Statik #18 - OK.... I for one am getting a little weary of being lectured to. Yep, we've gathered from your past postings that you apparently are savvy in the business world and if to be believed, have made some astute business decisions that you've benefited from. However, my money is on the fact that the majority of the visitors and contributors to this site don't have the financial resources you have and are tired of having it rubbed into their faces. I'm all for giving credt and you are due yours; you do provide a fair and balanced perspective to this site on any number of issues and I've personally seen benefit from your insight however you seem to revel in being "right" about your prognostications and ensuring you project the negative side of most issues with your particular style and flair. I for one would like to see you tone down the bluster, just a bit. Please don't take this wrong (you will) but there is just no other way to say it. I don't care how much money you've made or will make. It matters not a hill of beans to me as It's not going to affect me one iota unless of course you are offering to put some money into my accounts or buy me a car:) Well I'm sure you'll have a response and you'll "put me in my place" but I've said it and I stand by it. Statik #18 – OK…. I for one am getting a little weary of being lectured to. Yep, we’ve gathered from your past postings that you apparently are savvy in the business world and if to be believed, have made some astute business decisions that you’ve benefited from. However, my money is on the fact that the majority of the visitors and contributors to this site don’t have the financial resources you have and are tired of having it rubbed into their faces.
I’m all for giving credt and you are due yours; you do provide a fair and balanced perspective to this site on any number of issues and I’ve personally seen benefit from your insight however you seem to revel in being “right” about your prognostications and ensuring you project the negative side of most issues with your particular style and flair.
I for one would like to see you tone down the bluster, just a bit. Please don’t take this wrong (you will) but there is just no other way to say it. I don’t care how much money you’ve made or will make. It matters not a hill of beans to me as It’s not going to affect me one iota unless of course you are offering to put some money into my accounts or buy me a car:)
Well I’m sure you’ll have a response and you’ll “put me in my place” but I’ve said it and I stand by it.

]]> By: Tagamet http://gm-volt.com/2008/07/15/gms-plan-to-raise-liquidity-by-15-billion-to-deal-with-slumping-economy-and-auto-sales/#comment-53118 Tagamet Wed, 16 Jul 2008 15:11:02 +0000 http://gm-volt.com/?p=1162#comment-53118 jman, Actually, they <b>are</B> giving up their bonuses. Be well, Tag jman,
Actually, they are giving up their bonuses.
Be well,
Tag

]]>