Word: cadillacs
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...Should GM go into bankruptcy, the plan would involve forming one company around bad assets, such as Hummer and Saturn, and dumping the retiree health-care liabilities into it. That company could be sold off or wound down. A second company would comprise the better performing Chevrolet, Buick, Cadillac, Pontiac and GMC brands. That ongoing firm could be partly owned by the bondholders, the UAW and other creditors...
...curb both the use of energy and greenhouse-gas emissions across the entire economy. For carmakers, such legislation would be mostly neutral because they earn credit for making electric vehicles and could spend it on cars that emit too much CO2. GM now notes that one-third of the Cadillac Escalades it sell are hybrids, so it would have plenty of currency. Of course, at this point Detroit is hoping for anything that doesn't have California's fingerprints all over...
...which throws another popular bash, is also feteless this year. The magazine (which, like TIME, is owned by Time Warner) just suffered a round of job cutbacks. "In this historically challenged economy, hosting an extravaganza was not realistic," says SI spokesman Scott Novak. Nike is passing on a party. Cadillac, which has sponsored a celebrity go-kart race the past six years, also shuttered its event. Warrick Dunn and Derrick Brooks, who play for the hometown Tampa Bay Buccaneers, had scheduled a celebrity party and golf tournament for Jan. 29-30. But the event fell about $100,000 short...
...CADILLAC CONVERJ A luxury concept car with a 40-mile (65 km) electric range that gets high marks for its sleek lines...
...Obama, who is expected to give his inaugural address from behind a bulletproof shield, will be able to ride along the 1.7-mile parade route in his brand-new heavily armored Cadillac limousine. He'll be shadowed by Secret Service vans crammed with heavily armed SWAT teams and electronic-warfare gear capable of jamming detonators designed to set off certain explosives. Electronic devices - like those already in use in the D.C. subway - will be used above ground, to sniff the air for biological or chemical agents. They'll be aided by at least four Army dogs that will be sniffing...