Law and Rights
With GM having finally filed a Chapter 11 bankruptcy, maybe the auto industry and our whole economy can finally stop the dreading and nay-saying and move on. It's about time.
6,000 GM dealers received one of two letters from GM this week, the good one and the bad one. The bad one said "so long" basically. The good one, if you can call it that, set out new expectations for surviving dealers and new requirements too and gave a June 12 deadline to agree "or else" they'd find themselves being included in the bankruptcy and not invited along for the "survival ride" so to speak. Ok, so do it already, GM.
What this economy needs, we suspect, is for everyone to stop talking the doom and gloom trash and start getting over it and moving on.
At a concert in Dayton last night, the musician thanked the crowd for coming out and went on for another half minute or so to talk about the fact that we live in a resilient society in this country and that we will all survive the current economic mess and, perhaps, just keeping that in mind can help us to cope with the present and have more faith in the future. To be sure, we still need to be careful on this rocky road, but he had a good point about keeping in mind that the road does eventually lead us to a better spot.
It's time that Detroit, and the rest of us, turned the page. That starts with each of us. Then, maybe the media will realize that all of us regular folks have heard enough of the negative and tone it down too.
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- Gm Parties On Government Money
Literally weeks before a government deadline to avoid bankruptcy, GM threw a Resort Getaway party for 500 of its biggest customers. Well, it's good to see that last billion dollar bailout is being put to good use (sarcasm intended). CBS' KPHO...
- Gm Gets Surgical
Doubt continues to grow on whether or not GM can avoid bankruptcy very soon. GM is backed into a corner with its well-heeled bond holders not budging and too many creditors clamoring for cash while the feds while away the hours on the doomsday clock....
- Why Detroit Lives
Detroiters take a beating regularly. Whether it's the economy, sports, the auto business, foreclosures, all sorts of things. On top of that, winter weather is just plain bitterly cold. So why does Detroit live? Why do Detroiters stay and keep going...
- Toyota Quitely Wins #1 Spot
Something quite extraordinary happened last week and hardly anyone noticed. Toyota became #1. There was no fanfare. No press release. No party. It just quietly happened. For 77 years General Motors had been the world's largest motor vehicle manufacturer....
- Grinch Strikes Auto Industry
Detroit has its "big 3" auto investors and all of them are predicting a sales slump next year. Looks like the Grinch has struck the auto industry! One of the predictors is Jerry York, an advisor to billionaire investor Kirk Kerkorian. Another is financier...
Law and Rights
Now, Let's Turn the Page
With GM having finally filed a Chapter 11 bankruptcy, maybe the auto industry and our whole economy can finally stop the dreading and nay-saying and move on. It's about time.
6,000 GM dealers received one of two letters from GM this week, the good one and the bad one. The bad one said "so long" basically. The good one, if you can call it that, set out new expectations for surviving dealers and new requirements too and gave a June 12 deadline to agree "or else" they'd find themselves being included in the bankruptcy and not invited along for the "survival ride" so to speak. Ok, so do it already, GM.
What this economy needs, we suspect, is for everyone to stop talking the doom and gloom trash and start getting over it and moving on.
At a concert in Dayton last night, the musician thanked the crowd for coming out and went on for another half minute or so to talk about the fact that we live in a resilient society in this country and that we will all survive the current economic mess and, perhaps, just keeping that in mind can help us to cope with the present and have more faith in the future. To be sure, we still need to be careful on this rocky road, but he had a good point about keeping in mind that the road does eventually lead us to a better spot.
It's time that Detroit, and the rest of us, turned the page. That starts with each of us. Then, maybe the media will realize that all of us regular folks have heard enough of the negative and tone it down too.
Burdge Law Office
www.UsLemonLawLawyers.com
Helping Consumers Protect Themselves Everyday Since 1978.
www.UsLemonLawLawyers.com
Helping Consumers Protect Themselves Everyday Since 1978.
Subscribe in a reader- Gm Parties On Government Money
Literally weeks before a government deadline to avoid bankruptcy, GM threw a Resort Getaway party for 500 of its biggest customers. Well, it's good to see that last billion dollar bailout is being put to good use (sarcasm intended). CBS' KPHO...
- Gm Gets Surgical
Doubt continues to grow on whether or not GM can avoid bankruptcy very soon. GM is backed into a corner with its well-heeled bond holders not budging and too many creditors clamoring for cash while the feds while away the hours on the doomsday clock....
- Why Detroit Lives
Detroiters take a beating regularly. Whether it's the economy, sports, the auto business, foreclosures, all sorts of things. On top of that, winter weather is just plain bitterly cold. So why does Detroit live? Why do Detroiters stay and keep going...
- Toyota Quitely Wins #1 Spot
Something quite extraordinary happened last week and hardly anyone noticed. Toyota became #1. There was no fanfare. No press release. No party. It just quietly happened. For 77 years General Motors had been the world's largest motor vehicle manufacturer....
- Grinch Strikes Auto Industry
Detroit has its "big 3" auto investors and all of them are predicting a sales slump next year. Looks like the Grinch has struck the auto industry! One of the predictors is Jerry York, an advisor to billionaire investor Kirk Kerkorian. Another is financier...