Ford Stock
Senior Member
Joined: Mar 2003
Posts: 2,226
Likes: 42
From: So. Texas
Raptor, per email we got:
General Motors, focusing on mainstream products in a battle to survive, has scrapped a unit that produced high-performance vehicles.
GM today disbanded High Performance Vehicle Operations, which is based at the company's suburban Detroit technical center, and redeployed its engineers, said spokesman Vince Muniga.
"All high-performance projects are on indefinite hold," Muniga said. "The engineers are moving into different areas of the organization, and they will work on Cadillacs, Buicks, and Chevrolets.
The move is in the spirit of GM's viability plan delivered to the U.S. Treasury Department on Tuesday. In the plan, GM said its future-product focus is on fuel- efficient cars and crossovers. It also pledged to increase its current offering of six hybrids to 14 by 2012 and to 26 by 2014. GM also boosted its request for federal aid by as much as $16.6 billion.
Per family in Detroit, they have closed the V and SS divisions and any vehicles that parts were ordered for will be built. Any orders that they have no parts for won't be built. The closure came back in mid Feb 2009.
While I really try to be a nice kinda guy, I have to laugh at the mentality of the GM people. My cousin has over 35 years with GM as a designer. They offered to buy him out just before Christmas with $125,000 up front cash and full retirement with benefits. He got mad and said no. Now he has learned that his final days with GM will come around the first of June, zero benefits, a $32,000 cash out deal and a coupon worth $2500.00 for any NEW GM car of his choice. He ain't happy!
General Motors, focusing on mainstream products in a battle to survive, has scrapped a unit that produced high-performance vehicles.
GM today disbanded High Performance Vehicle Operations, which is based at the company's suburban Detroit technical center, and redeployed its engineers, said spokesman Vince Muniga.
"All high-performance projects are on indefinite hold," Muniga said. "The engineers are moving into different areas of the organization, and they will work on Cadillacs, Buicks, and Chevrolets.
The move is in the spirit of GM's viability plan delivered to the U.S. Treasury Department on Tuesday. In the plan, GM said its future-product focus is on fuel- efficient cars and crossovers. It also pledged to increase its current offering of six hybrids to 14 by 2012 and to 26 by 2014. GM also boosted its request for federal aid by as much as $16.6 billion.
Per family in Detroit, they have closed the V and SS divisions and any vehicles that parts were ordered for will be built. Any orders that they have no parts for won't be built. The closure came back in mid Feb 2009.
While I really try to be a nice kinda guy, I have to laugh at the mentality of the GM people. My cousin has over 35 years with GM as a designer. They offered to buy him out just before Christmas with $125,000 up front cash and full retirement with benefits. He got mad and said no. Now he has learned that his final days with GM will come around the first of June, zero benefits, a $32,000 cash out deal and a coupon worth $2500.00 for any NEW GM car of his choice. He ain't happy!