GM's European Cadillac/Hummer/Vette Distributer Folds
Kroymans Corp of the Netherlands plans to file for bankruptcy and shame the General, reports Automotive News [sub]. GM’s importer for Cadillac, Corvette and Hummer in European Union markets will “transfer” the distribution business to GM, “a process it expected to complete by next year.” Har. Har. By the way, has everyone filed their taxes already? It’s best not to wait until the last minute with these things. Your money is urgently needed to allow the CTS sportwagon roam free in its natural environment.
Meanwhile, AN [sub] also says Daimler will drop $300m on its Alabama Mercedes plant. To “position ourselves for future products” say spokesfolks. As in not the R, M and GL classes they currently build at Vance. Investing in America’s luxury market? What’s in the weißbier? Oh right, recessions are the best time to invest. Because they don’t last forever. Maybe in 20 years Mercedes plans on making ads that boast of its patriotic employment of Americans during the Great Carpocalagasmalypse of 2008/09.