The GM fiasco is far from settled. There is a new GM but it doesn’t end there. While many are hoping that their status will improve, it looks like there is another issue at hand which has forced General Motors and union reps to meet.
For sure, this has something to do with the reduced pensions and possible loss of health coverage. The issue was sparked last Wednesday when Delphi surrendered its hourly pension plan to the federal government’s Pension Benefit Guarantee Corporation.
This development, if true, could mean that most retirees will take a devastating hit as far as these benefits are concerned. At the moment talks and negotiations are in the works.
Eco-friendly consumers can now look forward to oil alternatives as recycled oil from Safety-Kleen has been made available in the market. For the past 20 years, Safety-Kleen has produced high quality motor oils for large commercial fleets and the federal government by re-refining used oil the company collects at thousands of car dealerships, automotive retailers and quick lube facilities across North America.
Now, Safety-Kleen is making its re-refined oil available to consumers under the brand name EcoPower. The company is targeting retailers and distributors in the top 100 U.S. markets to offer the new product, including AutoZone.
EcoPower motor oil is now available in 5W-20, 5W-30, 10W-30 and 15W-40 viscosity grades. In addition, all major U.S. car manufacturers have approved the use of Safety-Kleen SAE 5W-20, 5W-30 and 10W-30 ILSAC-certified motor oil in all their cars. The EcoPower SAE 15W-40 grade has also been approved by leading heavy-duty engine manufacturers.
In a move that was supposed to help General Motors get rid of excess cars from its Heritage Collection, the anticipated weekend sale in Florida has been stopped all thanks to the intervention of the Federal Government. The cars are either duplicates, or cars like the millionth Saturn to be built, or cars from Car Shows that were modified with paint jobs
Greg Wallace with the Heritage collection says there was nothing for sale that was pivotal to their core historic collection. Buyers were eager to buy.
The NHTSA has halted the sale, saying that the new owners may try to register and drive some of the cars that were not street legal. GM says its been upfront with collectors that the cars all have salvage titles and cannot be registered for normal use. The agency has taken the Easter weekend off and won’t discuss the matter until Monday.
The GM fiasco is far from settled. There is a new GM but it doesn’t end there. While many are hoping that their status will improve, it looks like there is another issue at hand which has forced General Motors and union reps to meet.