What is g8: Pontiac G8 Wikipedia


The G20 group consists of high-rank ministers, foreign ministers, and leaders of government. G8 is short for the Group of Eight and is an informal organisation of 7 major countries and the European Union to discuss global issues across issues such as security, finance, health, social development, energy and the environment. The forum was founded in order to facilitate macroeconomic initiatives following the collapse of the exchange rate in 1971. The Group of 20, or G-20, is a group of finance ministers and central bank governors from 19 of the world’s largest economies and the European Union. Germany hosts the world’s 4th largest economy, valued at U.S.$3.86 trillion as of 2019.


The country of the G8 presidency is responsible for organizing and hosting a summit during that year. Issues discussed at the last G8 summit agenda included the energy crisis, terrorist activity and the war in Iraq. The war in Iraq has caused some major disagreements between the member countries.

chevrolet caprice

Germany’s labor force is highly skilled, but it is also aging. The birthrate in the country is low, so replacing the workforce will likely require welcoming more immigrants. For the time being, however, the high number of immigrants coming into Germany is putting a strain on the country’s social welfare system. Several famous automobile brands are Italian in origin, including Fiat, Ferrari, Lamborghini, Alfa Romeo, and Maserati. Examples of Italy’s other exports include pharmaceuticals, plastic products, iron and steel products, and clothing, which includes world-famous Italian brands like Versace, Gucci, Giorgio Armani, and Prada.

The summit brought together world leaders for annual talks

Subsequently, Lutz retracted this statement, citing market conditions. Nevertheless, General Motors announced the Chevrolet Caprice Police Patrol Vehicle in 2009, which Car and Driver described as a successor to the G8. To fill the gap left by the G8, GM announced the Chevrolet SS, a RWD V8 powered sedan for 2014 based on the Holden Commodore . By December 2008, the rear wheel drive G8 had not become the expected sales replacement for the previous front-drive models, with 11,000 unsold G8s in the inventory and just 13,000 sold. During the 2009 global economic downturn, market prices had dropped by $3000–5000 below GM’s sticker price for the car. By July 2009, there were only 5,000 unsold G8s in inventory, with almost 30,700 sold.

He also invited Italy to what was the first G6 in Rambouillet, France. There was no army of political advisers in tow, just the leaders in a relaxed and private setting. This low-key formula was very successful and the leaders agreed to meet annually. A year later Canada joined and after the collapse of the Soviet Union, Russia became a full member in 1998.

Model years

Other critics argue that the exclusivity of the group results in a focus on the needs of industrial at the expense of developing countries. The summit is an opportunity for G8 leaders to have frank and open discussions about the important global issues of the day. In 2013 it will be the UK’s turn to shape the G8’s approach to these discussions with G8 leaders holding each other to account and agreeing concrete steps to advance growth and prosperity across the world. The Presidency of the G8 rotates each calendar year and the country holding the G8 Presidency is responsible for hosting and organising the annual summit, with a number of preparatory meetings leading up to it.

country’s leading export

Unlike the G8, which was offered only as a sedan, Holden would be offering utility, sedan and wagon body variants of the G8. They would be sold in Australia in November and December, with production beginning on 2 November. In 2014, General Motors released the Chevrolet SS, which was in essence the next generation of the G8 GXP. It was based on the new VF chassis Holden Commodore, the successor to the VE chassis Commodore on which the G8 was based.

With the Cold War over, several world leaders—particularly U.S. president Bill Clinton—encouraged Russia’s inclusion as a gesture toward Russian president Boris Yeltsin. Russia had neither a fully liberalized economy nor Western-style democracy, but G7 leaders hoped Russia’s inclusion would safeguard its democratic progress. Russia held the G8 presidency for the first time in 2006 and will once again assume the presidency in 2014, with the summit set to be held in Sochi, a Black Sea resort city that was host to the 2014 Winter Olympics.

United States-Iran Conflict

Treasury Secretary George Shultz, who invited finance ministers from Germany, the UK, and France to meet at the White House, with the looming Middle East oil crisis a topic of serious concern. With no formal charter, a limited bureaucratic structure, and no permanent secretariat, leaders of the G7 discuss major economic issues in an informal setting. Historically, when noneconomic issues such as terrorism, drug trafficking, human rights, regional security, and arms control dominated the discussions, the G8 was convened.


The aggregate GDP of G8 states makes up some 50 percent of the global economy. The UK Presidency is an opportunity for the UK to influence the international debate on our global priorities, which include tax, trade and transparency. At the end of this year, the UK will hand over the Presidency to Russia for 2014. The Presidency will continue in its rotation to Germany in 2015, Japan in 2016, Italy in 2017, Canada in 2018, France in 2019, and the USA in 2020 before it returns to the UK. It was formed because of big worldwide money troubles in the early 1970s, which prompted the US to form something called the library group, a meeting of senior financial officials from Europe, Japan and the US. The leaders of these countries take it in turns to be president of the G8, with the leader of the host country acting as the president that year.

In 2019, https://forexbitcoin.info/’s total GDP was an estimated U.S.$ 2.72 trillion. French automobile brands include Renault, Peugeot, Citroen, Alpine, and Bugatti. All champagne, for example, comes from the French region of the same name.

The best 4K monitors for 2023 – Popular Science

The best 4K monitors for 2023.

Posted: Fri, 03 Mar 2023 22:00:00 GMT [source]

The production version of the GXP was more powerful with its LS3 V8 producing 415 hp and 415 lb⋅ft (563 N⋅m) of torque. The six-speed automatic was standard while a six-speed Tremec TR-6060 manual transmission was available. The GXP reached 60 mph (97 km/h) from a standstill in 4.5 seconds, a quarter-mile time of 13.0 seconds at 109.6 mph (176.4 km/h), and 0.90g (8.8 m/s2) of lateral acceleration on a skidpad. The G8 forum provides an opportunity to discuss global challenges.


At the end of the master the stock market, the delegates jointly come up with a consensus-based written statement, the Final Communiqué. This document is subsequently presented to G8 leaders in order to inspire positive change. The G8’s relevance has been subject to debate from 2008 onward. It represented the major industrialized countries but critics argued that the G8 no longer represented the world’s most powerful economies, as China has surpassed every economy but the United States. The first G8 summit was held in 1997 after Russia formally joined the G7 group, and the last one was held in 2013. However, due to the Crimean crisis, the other seven countries decided to hold a separate meeting without Russia as a G7 summit in Brussels, Belgium.

The members are Argentina, Australia, Brazil, Canada, China, Germany, France, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union. Leaders can agree plans and objectives, but can’t force anyone to comply with decisions. Leaders may issue joint declarations or communiqués at the end of the meeting setting out what was agreed. Recent G8 summits have hit the headlines because of large protests from a mix of different interest groups from ecological campaigners to anti-capitalist demonstrators. The World Bank should get credit for increasing their lending to the world’s poorest countries during the pandemic. But without additional action, net flows to developing economies will fall off a cliff.

  • Over 46% of the world’s nominal GDP is represented in these nations.
  • Indeed, some of the best high tech products are made in Japan.
  • In 2014, following the annexing of the Crimea, Russia’s membership was suspended and the G8 became the G7 again.
  • The G6 was made up of France, Germany, Italy, Japan, the UK and America.

Holden chairman Denny Mooney announced that the G8 is imported from the Elizabeth, South Australia plant, South Australia for the life cycle of the car, but refused to comment on possible future production at GM’s Oshawa, Ontario facility. At the 2007 Chicago Auto Show, GM Global Chairman Bob Lutz announced that the G8 was expected in US Pontiac dealerships in “early 2008”. On 4 July 2007 the first Pontiac G8 prototypes rolled out of the Elizabeth assembly plant in Australia.

In June 2005, justice ministers and interior ministers from the G8 countries agreed to launch an international database on pedophiles. The G8 officials also agreed to pool data on terrorism, subject to restrictions by privacy and security laws in individual countries. The 2009 model year adds the GXP version powered by a 415 hp 6.2-liter V8 engine with a standard 6-speed automatic transmission or optional six-speed manual transmission . Some of these features are available as options on the base model.