SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: AugustWest who wrote (6902)12/20/2001 11:46:37 AM
From: AugustWest  Respond to of 23786
 
More gas guzzlers?

GM to Unveil Seven New Vehicles

DETROIT, Dec 20, 2001 (AP Online via COMTEX) -- General Motors Corp. plans to
unveil three new production vehicles and four concept cars at next month's North
American International Auto Show in Detroit, the automaker said.

"The secret's out: General Motors is recapturing the glory of its past and
creating a bright, bodacious future with a fleet of dynamic new vehicles,"
Robert Lutz, GM vice chairman and chairman GM North America, said Wednesday in a
statement.

Lutz, known for his design derring-do during his stint at the former Chrysler
Corp., and later at DaimlerChrysler AG, joined GM in September to shake up its
product development process and reinvigorate the automaker's lineup.

The production vehicles to be introduced are the Hummer H2 full-size sport
utility vehicle, Cadillac XLR luxury roadster and the Chevrolet SSR, a
convertible roadster/pickup truck.

All three vehicles are based on former concept vehicles from past years.


This year's crop of concept vehicles includes the Cadillac Cien V12 Supercar, a
concept version of the Chevrolet Bel Air; a modernized version of the long-gone
1950's model line, two-seat Pontiac Roadster powered by a 220 horsepower engine
and features saddlebrown leather interior; and the Saab 9-3X, a crossover
vehicle with all-wheel drive and off-road capabilities.

The North American International Auto Show runs from Jan. 12 to Jan. 21 at Cobo
Hall in Detroit.

---

On the Net:

General Motors Corp., gm.com

North American International Auto Show, naias.com



Copyright 2001 Associated Press, All rights reserved

-0-

APO Priority=r
APO Category=1310

KEYWORD: DETROIT
SUBJECT CODE: 1310

*** end of story ***



To: AugustWest who wrote (6902)12/20/2001 11:48:43 AM
From: Jorj X Mckie  Respond to of 23786
 
Yup,
It may be time to do something counterintuitive....raise rates. Take the lumps in the market. And make sane money management have economic sense.

We are going to have to pay the piper someday, might as well be now.



To: AugustWest who wrote (6902)12/20/2001 12:20:27 PM
From: MulhollandDrive  Read Replies (1) | Respond to of 23786
 
I totally agree with you.

Borrowing to spend on declining "assets" is crazy.

If done imprudently, eventually you become enslaved by past purchases ....limiting future growth.

Government gives incentive to borrowing as you say and DISINCENTIVE to save...There should be absolutely NO capital gains tax for savings!