Welcome to the North American Subaru Impreza Owners Club Friday August 18, 2017
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
Go Back   NASIOC > NASIOC General > News & Rumors > Non-Subaru News & Rumors

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.
* Registered users of the site do not see these ads. 
Thread Tools Display Modes
Old 12-12-2008, 12:35 PM   #1
Scooby Guru
Member#: 73805
Join Date: Nov 2004
Location: NEPA
2017 911 Turbo
Miami Blue

Default GM's luxury suites may be struck out

NEW YORK (Fortune) -- Say what you will about General Motors, but at least the public relations team there learns from its mistakes.

On Nov. 18, CEO Rick Wagoner was pilloried by Congress (as were the CEOs of Ford (F, Fortune 500) and Chrysler) for taking a private jet to Washington to plead for a federal bailout. "It's almost like seeing a guy show up at the soup kitchen in high hat and tuxedo," said U.S. Rep. Gary Ackerman, D-N.Y.

Ever since, GM has been in full repentance mode.
A few days after Nov. 18 hearing, GM said that it was returning two of its leased corporate jets. On Nov. 24, the automaker announced it was canceling its estimated $7 million-a-year sponsorship deal with golfer Tiger Woods. And now GM (GM, Fortune 500) may be trying to exit or renegotiate the lease for its luxury suite at Comerica Park, home of the Detroit Tigers.

"We've had constant dialogue with them," said Tigers spokesman Ron Colangelo, adding that GM's suite lease runs through 2009. GM is also a Tigers sponsor, with a GM sign and Chevy vehicles adorning the center field fountain. "We're sensitive to their situation, and we're trying to be as flexible with them as possible."

GM spokeswoman Kelly Cusinato confirmed that there is an "ongoing dialogue" between GM and the Tigers: "Obviously we continue to carefully evaluate all sponsorships - sports and other - as we look for opportunities to reduce costs during this economic recession."

Tigers suites rent for $120,000 to $130,000 a year, according to Crain's Detroit Business. Amenities include seating for 18 people, free parking, a private restroom, interior and exterior television sets, a computer with Internet access, pre-game batting practice sessions with ex-Tigers pitchers, and a full catering menu (highlights: market fresh crudite, chilled king prawns, and black pepper and garlic-crusted beef tenderloin).
The perk-cutting at GM has generated some rare kudos for a company that lately has received almost no good press.

"After months of headlines highlighting profligate spending by the very same companies coming to the federal government begging life support, it would appear that someone finally gets it," said U.S. Rep. Elijah Cummings of Maryland, a Democrat on the House Oversight committee, of GM. "Perhaps the Citigroups and AIGs of the world will soon follow suit."
* Registered users of the site do not see these ads.
AVANTI R5 is offline   Reply With Quote
Sponsored Links
* Registered users of the site do not see these ads.

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
ATTN: X-Games ballers and VIPs-Luxury Suite TRooper SCIC Private Classifieds 7 07-30-2009 05:04 PM
Toyota May Be Running Out Of Cash AVANTI R5 Non-Subaru News & Rumors 1 01-27-2009 06:37 PM
May be parting out my car, tons of GC/GM/GF parts and WRX brakes, swaybar BenBortner Private 'For Sale' Classifieds 14 08-17-2005 02:55 PM
may be parting out....... shortfuseWRX Alaskan Impreza Club Forum -- AKIC 24 02-26-2004 09:45 PM
May be backing out on the TSOG meet scoobiejosh Texas Impreza Club Forum -- TXIC 43 02-23-2001 02:58 PM

All times are GMT -4. The time now is 11:49 PM.

Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2017 Axivo Inc.
Copyright ©1999 - 2017, North American Subaru Impreza Owners Club, Inc.