GM Changes Its Name?

whitejeep1989 · Mar 16, 2009

http://dealbook.blogs.nytimes....-name/
In an interesting move (if this is true), GM has changed its corporate name. I suppose that it would be one way to let "GM", as a subdivision of the new parent company, go bankrupt without dragging down the surviving brands and businesses. I suppose it would be possible to break contracts and shutter dealerships if "GM" does not exist anymore, while Chevy, Cadillac, Buick, and GMC soldier on, under the new corporation.

Modified by whitejeep1989 at 4:30 PM 3-16-2009

3WheelGTi · Mar 17, 2009

Re: GM Changes Its Name? (whitejeep1989)

Um, GM ASSET MANAGEMENT...not GM. Sheesh.

It's basically just a fund, otherwise known as the GM treasury.

carfanguy · Mar 17, 2009

What are they gonna do with all those little silver gm fender emblems they slap on every model ?

Bah Humbug · Mar 17, 2009

FV-QR

Quote, originally posted by carfanguy »

What are they gonna do with all those little silver gm fender emblems they slap on every model ?

Two words: bathroom tiles.

atomicalex · Mar 17, 2009

Re: FV-QR (Bah Humbug)

Quote, originally posted by Bah Humbug »

Two words: bathroom tiles.

I am so in. http://****************.com/smile/emthup.gif

mobile363 · Mar 17, 2009

They should just change the name to Government Motors. Then the GM badges will still have credibility.

3WheelGTi · Mar 17, 2009

Re: (mobile363)

Guys, click the link! GM, that big company that makes cars, is not changing their name. They are rebranding their internal fund to open it up to outside clients. Carumba.

peachypotpies · Mar 17, 2009

GM: Government (Mis-)Management

turbo_nine · Mar 17, 2009

Re: (3WheelGTi)

Quote, originally posted by 3WheelGTi »

Guys, click the link! GM, that big company that makes cars, is not changing their name. They are rebranding their internal fund to open it up to outside clients. Carumba.

Must have been in the works ever since they were angling for TARP money.

3WheelGTi · Mar 17, 2009

Re: (turbo_nine)

Quote, originally posted by turbo_nine »

Must have been in the works ever since they were angling for TARP money.

I didn't think hedge funds were eligible to receive TARP money. Are you referring to GMAC becoming a bank?

feels_road · Mar 17, 2009

Re: FV-QR (Bah Humbug)

Quote, originally posted by Bah Humbug »

Two words: bathroom tiles.

But are they corrosion resistant? I fail at teaching my visitors to sit.

3 Money Pits · Mar 17, 2009

Re: (mobile363)

Quote, originally posted by mobile363 »

They should just change the name to Government Motors. Then the GM badges will still have credibility.

You must be joking. Our government has no credibility.

freedomgli · Mar 17, 2009

Re: (3 Money Pits)

Why is it that when times are tough vehicle manufacturers force the UAW to renegotiate their labor contracts and make additional concessions on top of what they've already sacrificed but when AIG has labor contracts with its execs that stipulate paying them 165 million dollars in bonuses for doing a crappy job despite taking billions of dollars from the US Treasury their "hands are tied" and they have no choice but to pay out?

whitejeep1989 · Mar 17, 2009

http://biz.yahoo.com/prnews/09...?.v=1
This is a little more thorough explanation. I will admit to overreacting, after reading the article linked in the OP. Its GM's asset management (pensions, 401Ks, etc...) division, that is changing its name to "Promark Global Advisors".
With this separate asset management fund in operation, would it be possible for GM to sell parts of itself to "itself"? Any Wall Street types know if this is possible?

redrocketing · Mar 21, 2009

Re: (peachypotpies)

Quote, originally posted by peachypotpies »

GM: Government (Mis-)Management

Wait a minute. GM's current and past crop of private management did a far better job of screwing the company than the gov't will ever do.
Too much transparency and oversight with the feds now handling it to have the time of greed angle.
But I'll say that Rick should run for congress. He'd fit in perfectly.

thesteve · Mar 21, 2009

Re: (carfanguy)

Quote, originally posted by carfanguy »

What are they gonna do with all those little silver gm fender emblems they slap on every model ?

Maximum Bob's gonna eat them like cornflakes.

P-Body · Mar 21, 2009

Re: FV-QR (Bah Humbug)

Quote, originally posted by Bah Humbug »

Two words: bathroom tiles.

Another word- BACKSPLASH!

DIAF · Mar 21, 2009

Re: FV-QR (Bah Humbug)

Quote, originally posted by Bah Humbug »

Two words: bathroom tiles.

That would take forever! (Picking grout off of my hands right now, 12 inch tile in my bathroom thank you very much

)

dannyc · Mar 21, 2009

Re: FV-QR (DIAF)

holy misleading thread title

GM Changes Its Name?

whitejeep1989

3WheelGTi

carfanguy

Bah Humbug

atomicalex

mobile363

3WheelGTi

peachypotpies

turbo_nine

3WheelGTi

feels_road

3 Money Pits

freedomgli

whitejeep1989

redrocketing

thesteve

P-Body

DIAF

dannyc

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