Bishop to Boycott Obama Commencement Speech
South Bend is heating up over the controversy surrounding Obama and the local bishop...Read the post2009 College Grads: We're the Lucky Ones
Why there is hope for the graduating Class of 2009, and how they can find work in a recession...Read the postBeer in Vending Machines -- What Drinking Age?
U.S. policies on drinking age seem restrictive when examining the rest of the world...Read the postHow The Press Can Remain Relevant
Is it any surprise that Obama has employed a strategy to cordon journalists that is similar to previous administrations?...Read the postBe Afraid, Cheney Warns. Be Very Afraid.
Just when you thought the Bush-era warnings of Armageddon around the corner were over, Cheney strikes again...Read the postObama: You Wouldn't Like Me When I'm Angry...
Obama threw down his stick, spat on the floor and growled in the face of cameras -- metaphorically... Read the postObama to GOP: 'I Won, I'm The President'
"You can't just listen to Rush Limbaugh and get things done," Obama told GOP leaders...Read the postPalin Seeks $11M Book Deal, but Can She Read?
One can only imagine what Republican rising star Sarah Palin could possibly write about in her memoirs...Read the post
national news
GM Recalls 1.5 Million Cars, Prepares for Bankruptcy
General Motors will conduct a massive recall of 1.5 million cars in May while preparing to file for Chapter 11 bankruptcy.
Six models, among three makes under the GM brand, spanning seven years of manufacture are being recalled due to a risk of engine compartment fire, according to the National Highway Safety Administration's Office of Defects Investigation.
The models being recalled include the 1997-2003 Buick Regal, the 2000-2003 Chevrolet Impala, the 1998-1999 Chevrolet Lumina, the 1998-2003 Chevrolet Monte Carlo, the 1998-1999 Oldsmobile Intrigue and the 1997-2003 Pontiac Grand Prix.
The New York Times reported on Monday that the Treasury Department is urging GM to prepare to file for bankruptcy on June 1, rather than reorganizing out of court before its 60-day deadline extension on the provisional $13.4 billion federal loans granted in December.
In that Times article, former GM President and current GM CEO Fritz Henderson (pictured) has been giving "increasingly clear signals that bankruptcy is probable," since replacing former GM CEO Rick Wagoner, who was pressured out of office by the Obama Administration for failing to effectively restructure the company before the original March 31 deadline.
Six models, among three makes under the GM brand, spanning seven years of manufacture are being recalled due to a risk of engine compartment fire, according to the National Highway Safety Administration's Office of Defects Investigation.The models being recalled include the 1997-2003 Buick Regal, the 2000-2003 Chevrolet Impala, the 1998-1999 Chevrolet Lumina, the 1998-2003 Chevrolet Monte Carlo, the 1998-1999 Oldsmobile Intrigue and the 1997-2003 Pontiac Grand Prix.
The New York Times reported on Monday that the Treasury Department is urging GM to prepare to file for bankruptcy on June 1, rather than reorganizing out of court before its 60-day deadline extension on the provisional $13.4 billion federal loans granted in December.
In that Times article, former GM President and current GM CEO Fritz Henderson (pictured) has been giving "increasingly clear signals that bankruptcy is probable," since replacing former GM CEO Rick Wagoner, who was pressured out of office by the Obama Administration for failing to effectively restructure the company before the original March 31 deadline.
Join The Discussion
Categories
Most Popular Stories »
- U.S. retailers are on sale
- The Rivalry: 145 games strong
- Slideshow: Lehigh-Laf week
- HAWKS SKIN LEOPARDS
- Macys thanksgiving day history
Recent Comments »
Page 1/1
Post Your Comments Below
Donovan
8:35AM 8:35AM Apr 15th 2009
Massive recall, or massive marketing scam?
I find it rather odd, that GM has (all of a sudden) announced a recall of 1.5 million vehicles. I've never herd one word mentioned by either the news media or GM, that any of the mentioned vehicles has caught fire due to an oil leak. It seems to me GM has come up with this recall, that I call a marketing plan, just to get consumers into a GM dealership. While the mechanic is checking out your vehicle, I'm sure a salesmen will be more then happy to escort you through the showroom, and the mechanic will most likely advise you, your older vehicle may not have an oil leak. Or the oil leak covered under a recall warranty. However, is in need of expensive servicing and other repairs. This is just another marketing tactic by GM.
Rating :
Reply to this commentReport!
Brad
9:05AM 9:05AM Apr 16th 2009
Why the hell would a major auto company recall cars for marketing? Don't you think this would, if anything, take away from future sales? Use your head.
Rating :
Report!
erica
9:40PM 9:40PM Apr 17th 2009
If you want to know about these cars that are catching fire ...go to the edmunds forum for pontiac.....there are so many stories of people's cars that caught fire and burned to the ground....I get new emails everyday that another car has caught fire...my grand prix, caught fire in july ....two fire units responded put out the fire and cut the battery line and electrical wires....a private investigator came to inspect the car twice...then, I received a letter from gm my car would not be covered because it did not have a warranty and it would be against gm's policy to compensate me for my loss. my car had 125,000 miles on it. and nothing wrong with it.....total loss...car was paid for.....beautiful car and fully loaded....I had to have the wrecking company come and get it....there is no way it could be fixed....the fire ruined everything...erica in calif.....
Rating :
Report!
Jim
9:32AM 9:32AM Apr 15th 2009
I find it rather odd, that GM has (all of a sudden) announced a recall of 1.5 million vehicles.
You are not alone ..... my neighbor owns a vehicle of that era and, as soon as he heard about a recall, he traded it in. For a new Toyota.
Rating :
Reply to this commentReport!
kidtirreg
10:04AM 10:04AM Apr 15th 2009
Perhaps the liablity of thier basic fleet line up models 1.5 million is a huge liablity. Announcing the recall before the majority of cars could get checked prior to June 1 filing could possibly let them off the hook on the liability. Either way it will hurt the GM drivers. All warranties could be negated as well.
Rating :
Reply to this commentReport!
thom
11:16AM 11:16AM Apr 15th 2009
AND OF COURSE, THIS IS WHY THEIR UPPER MANAGEMENT AND CEO GOT THOSE BIG BONUSES ! IT WAS BECAUSE OF THEIR DUE DILIGENCE AND UTMOST CONCERN FOR THE COMPLANY !
YEA RIGHT- TOTAL LOSERS
Rating :
Reply to this commentReport!
Duke
11:51AM 11:51AM Apr 15th 2009
GM has had so many recalls that I lost count. It must be in the high hundreds if not thousands. Is it any wonder GM has lost market share over the last 25 years?
I still have my doubts GM can make a vehicle that is not in the garage as often as the current offerings. GM has had gasket problems in the past. Look at the
V-6 engines that failed because the coolent leaked into the oil pan. Other leaks of oil and coolent have been recalled as well. GM is desperate now. I have my doubts that even if the UAW worked for half the wages they do now, and the bondholders accepted pennies on the dollar that GM can turn a profit to pay the taxpayers back and gain market share. I no longer own GM stock.
Rating :
Reply to this commentReport!
Sonny
7:07PM 7:07PM Apr 15th 2009
I will Never, Never, Never, Never, Never but a GM car if Obama or the Govt gives money to the UAW or GM to bailout the pension plans or healthcare plans of the UAW, or to continue paying them while GM is going through bankruptcy. I am not alone..........
Rating :
Reply to this commentReport!
owl_collector
7:30PM 7:30PM Apr 15th 2009
All of you GM haters just STFU! I have owned 3 GM cars and they have all been super reliable. Does anyone remember last year when toyota recalled a bunch of their trucks due to the bodies rusting out? All cars have problems, period. GM products are very well built, my 1989 Chevy is still going strong and my 2007 Chevy has needed zero work except for oil changes. The ONLY thing causing the problem with the US auto industry is TRAITORS WHO BUY JAPANESE HEAPS!
Rating :
Reply to this commentReport!
Annee
3:36PM 3:36PM Apr 16th 2009
I totally agree with you. We have owned 8 GM vehicles, and had no major problems with any of them. I now own a Buick LeSabre, which I absolutely love. You people who think that "foreign" cars are better never paid attention to the fact that when a "foreign" car was recalled, it was on page 8, while American recalls were on page one and were headline news for days. And I believe that the Unions were at the heart of the GM downfall. When they were striking for outrageous pay and benefits, they gave the foreign companies an opening, market share lost and never regained. They killed the golden goose.
Rating :
Report!
melman
4:36PM 4:36PM Apr 16th 2009
i will never buy a japanese car. that said, i am still looking for a good lease on a H3 like they had lst year. for all the talk about hurting, i still dont see any real bargains. all they offer are watered down vehicles, with nothing in them. same for ford
Rating :
Reply to this commentReport!
owl_collector
5:37PM 5:37PM Apr 16th 2009
Thanks Annee and Melman...its nice to read posts from people with similar views. Now if only more people felt the same way we did!
Rating :
Reply to this commentReport!
I Boinked Bristol Too
8:11AM 8:11AM Apr 17th 2009
People buy foreign cars for several very good reasons-- resale value, and dependability among them. Moreover, most 'foreign' cars are chiefly made in the USA unlike the out-sourced pieces of crap the American car builders are selling us. Screw'm... they failed. Let new corporations be formed out of their skeletons.
Rating :
Reply to this commentReport!
Mike
10:21AM 10:21AM Apr 17th 2009
Um---can GM run that quality thing by me one more time?
Rating :
Reply to this commentReport!