2006 Honda Civic Si Willow Springs International Raceway
Highlights from my second track day @ Willow Springs International Raceway, CA. Mods: `AEM Cold Air Intake System `Hondata Intake Manifold ...
Automobile industry : Disruptive technologies are the need of the hour !
Automobile industry : Disruptive technologies are the need of the hour !
SUNIL KEWALRAMANI April 28, 2009
Hearing the new, more aggressive restructuring plan offered by General Motors reminds one of the scenario for mankind jokingly foreseen by Woody Allen. “One path leads to despair and utter hopelessness. The other, to total extinction. Let us hope we have the wisdom to choose correctly.” If – and it is a big if – the plan is accepted by debtholders, they will be taking a disproportionate hit compared with other principals. Only shareholders will fare worse – although unbelievably GM’s shares soared 20 per cent.
Under the plan, the union-run healthcare trust would exchange half the cash owed to it for shares, making it a substantial shareholder in a restructured enterprise. GM’s scheme also assumes another $11.6bn in cash from the Treasury. In addition to the $15.4bn of loans received, part of this would be retired in exchange for half the carmaker’s equity. These two steps would give unions and Treasury about 89 per cent of the company, even before private debtholders are taken into account. GM envisions some $27.2bn of that debt being converted to equity, giving holders another 10 per cent of the company.
Whatever happens, shareholders will be either wiped out or nearly so. Even a minimal recovery depends on debt-holders taking a bigger financial hit than the union. Assuming unsecured lenders accept, the restructuring plan would create a much less indebted but also far smaller GM with about 40,000, or a third fewer, US workers, and four core brands with a little over half today’s number of dealerships. This makes sense, as do shedding Pontiac and plans to axe Saturn and Hummer. Someone has to pay. More government cash may be needed to avoid Chapter 11. A bankruptcy restructuring may be messier and less pleasant for dealers, workers and suppliers – but more equitable
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Skunk2 Full Coilover Systems - Pro C [06-08 Civic Si] (Andy's Auto Sport) Price: $1,608.77 Skunk2???s track and street tested valving offers the perfect balance for the daily drive or for spirited performance driving. Each PRO-C kit features precise 12-way adjustable valving and come with CNC-machined forged top mounts with spherical bearings or polyurethane bushings for maximum... |
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Yahoo! Autos - Read User Reviews from drivers and owners of the 2006 Honda Civic Si 6-Spd MT w/ Performance Tires trim.
What popular modifications and high performance parts are available as well as tuning information to make your 2006 2007 2008 2009 Civic Si more enjoyable. ...
Yahoo! Autos - Research Reliability Ratings from JD Powers for the 2006 Honda Civic Si 6-Spd MT w/ Performance Tires
The Honda Civic Si is a sport compact / hot hatch version of the Civic built by the ... The Si was redesigned for the 2006 model year along with all other Civic trims, bringing ...
Check out this 2006 Honda Civic Si that has upgraded to acheieve 260hp. - Honda Tuning Magazine
