Created Wed 11th Jun 8:09am PDT by 
rootehound
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Will GM Sell Saab By 12/31/08?
Current forecast: 15% chance 
Combining all predictions, the current forecast is that this is 15% likely to happen (unchanged in last 1 day)
DETROIT — Financial guru Jerry York had a few well-chosen words of advice for troubled General Motors, telling the automaker to chop its annual dividend by 50 percent and slim down its North American distribution channels to four: Cadillac, Chevrolet, Saturn, and Buick-Pontiac-GMC.
That advice was given to the Detroit automaker on Tuesday by Jerry York, the top financial advisor to the billionaire investor Kirk Kerkorian, who owns 7.8 percent of GM's stock through his Tracinda Corp. York made the remarks in a speech to the Society of Automotive Analysts here.
York's justification for that harsh dictum: He sees Hummer as profitable but noncore and unable to coax its customers into other GM vehicles. Saab simply does not have enough sales to justify its existence, York said. York calculates that General Motors spends $24 million per day and has enough cash to continue on that path
Full text:
http://www.edmunds.com/insideline/do/News/articleId=108905
That advice was given to the Detroit automaker on Tuesday by Jerry York, the top financial advisor to the billionaire investor Kirk Kerkorian, who owns 7.8 percent of GM's stock through his Tracinda Corp. York made the remarks in a speech to the Society of Automotive Analysts here.
York's justification for that harsh dictum: He sees Hummer as profitable but noncore and unable to coax its customers into other GM vehicles. Saab simply does not have enough sales to justify its existence, York said. York calculates that General Motors spends $24 million per day and has enough cash to continue on that path
Full text:
http://www.edmunds.com/insideline/do/News/articleId=108905
Settlement details:
As reported by a major mainstream news source.
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Activity: H$11,428
Question suspends in 4 weeks
Suspend date: Wed 31st Dec 8:59pm PST (4 weeks to go)
Initial likelihoods: Yes: 25%
Action history:
Created Wed 11th Jun 8:09am PDT by rootehound
rootehound
Suspend date: Wed 31st Dec 8:59pm PST (4 weeks to go)
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Get widget!Predictions (13)
13 predictions
jarrod
imdaralynn
dragon01
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predicted Yes (H$100 at 25%)Comments (0)
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score: 10
StreetInsider 11 hours ago
Shares of General Motors (NYSE: GM) are trading at $4.89, up $0.30 (+6.54%), but off today's high of $5.13. Ford (NYSE: F) stock is trading at...
score: 10
score: 10
Forbes.com 1 day ago
DETROIT, Dec. 1 /PRNewswire/ -- General Motors Chairman and CEO Rick Wagoner announced today that Grace Lieblein, currently global vehicle chief engineer for front wheel drive trucks, has been appointed president
score: 10
Canada.com 2 days ago
is whether there should be a Wall Street bailout or airline industry-like bankruptcies. The pro-bankuptcy crowd notes that Chapter 11 would allow the automakers to slash their costs - tearing up union contracts, reducing unneeded dealers and eliminating
score: 10
Advertising Age 2 days ago
It looks as if Pontiac, Saab and Saturn could be on the General Motors endangered-brand list -- and with them some $300 million in measured-media...
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