Possibly No More Gm ?
- smcc
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Replied by smcc on topic Re: Possibly No More Gm ?
Since the big three always compare themselves to these auto makers why not let these auto makers just come and call it a life?
- Meya
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- hjm331
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- Rockin35
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Replied by Rockin35 on topic Re: Possibly No More Gm ?
- Meya
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Replied by Meya on topic Re: Possibly No More Gm ?
I agree! Not to mention that on top of all of this, some of the CEO's bailed with the "golden parachute" and some.There has def been a lot of discussion regarding GM over the last couple of days. They did receive a lot of money from the government (8.3 billion I believe) and let go 10,000 people within the last 2 months. If they filed Chap 7 liquidation, I would be really curious to see where the money the taxpayers are pickin up actually went too (obviously the Exec's and CEO's pockets).
- Brian23
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Replied by Brian23 on topic Re: Possibly No More Gm ?
They will likely file a chapter 11 for reorganization and not liquidate.
That's true, but if they cant re-organize and start making a profit they will end up like Circuit City and just liquidate after that. And that's when the taxpayers will be picking up that lost investment.
- ColoNative
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Replied by ColoNative on topic Re: Possibly No More Gm ?
There has def been a lot of discussion regarding GM over the last couple of days. They did receive a lot of money from the government (8.3 billion I believe) and let go 10,000 people within the last 2 months. If they filed Chap 7 liquidation, I would be really curious to see where the money the taxpayers are pickin up actually went too (obviously the Exec's and CEO's pockets).
They will likely file a chapter 11 for reorganization and not liquidate.
- Brian23
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- Espee
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Replied by Espee on topic Re: Possibly No More Gm ?
GM's are reliable, my dad is a GM guy, as well as most of my family...i seem to be the only outcast LOL. I think they are just TOO BIG!!!! They need too, as i said before, downsize and cutback. And if they run out of time and cant make the cut...then again "buh-bye". And i dont mean that to sound bad, and i totally understand that its hard to say goodbye to an american icon. But sometimes thats the facts of life. Heck, you wouldnt know it to see it...but the building i work in was built by the Pennsylvania Railroad in 1966. Now everywhere you look there is nothing but black engines that say Norfolk Southern on them. Occasionally you will still see a Conrail blue engine with a number patch. But if i was around back then i would never have believed the PRR would have died the way it did!!!!
- hjm331
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Replied by hjm331 on topic Re: Possibly No More Gm ?
However, I've always loved American Muscle cars and that's the only reason I would support American cars. I'm trying to get my hands on the 2011 Pontiac Trans Am. I'm not a mechanic nor do I know anything about working on cars, that's why I'll buy the new model instead of trying to restore the old model.
- ColoNative
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Replied by ColoNative on topic Re: Possibly No More Gm ?
Oh so you want to clown on Toyota's hugh! I'll see you in the club buddie
Yeah, well, I think they are a bit overrated and overpriced. I like the Tacoma and the new (2007+) Camry, but I would never buy one new.
- ColoNative
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Replied by ColoNative on topic Re: Possibly No More Gm ?
Colo...are you a GM guy???
But as much as i risk getting bashed for this...i am a firm believer in survival of the fittist! If they cant cut it...buh-bye!!!
Actually, I have only have had two cars in my life and both have been Chrysler products purchased brand new. I still own both actually and they have performed flawlessly. Though there is a new car coming out by Chevrolet called the Cruze and I am really liking it. They have some really good products now and more on the way. I agree, and they are ending Saturn and probably Hummer as well. And yes, Buick-Pontiac-GMC is redundant in the era we live in now; however, Buick is the best selling brand in China. GM does have a plan for B-P-G.
They are one of those companies that is "too big to fail" but you never know.
As far as the "can't cut it..buh-bye!!!" many share your thoughts. My point is that the Big 3 are an American icon, and American's are so quick to sell off or see our very few institutions die off. Many blame the Big 3 for only making gas guzzling SUV's and trucks, but yeah, people were buying them. And Ford has quality and reliability on par with Toyota and Honda.
I have nothing against foreign cars, though I do not care for Toyota's quest for world domination. I believe in supporting American companies is all. I would, if tempted, buy a used Toyota or Honda, but never a new one because that would help a forgeign business/government (despite where the vehicle is assemebled). Just my opinion-I know it is in the minority, but that is how I feel.
- Meya
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- Espee
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Replied by Espee on topic Re: Possibly No More Gm ?
There really is no need to have 2 of the exact same pickup trucks and SUVs in both the Chevy and GMC name. The best thing they can do is cut back on models and designs. Sell off certian brands. And prioritize and condense production. The economy isnt going to stay in the toilet forever. And eventually sales of everything from milk to cars will pick up again.
But as much as i risk getting bashed for this...i am a firm believer in survival of the fittist! If they cant cut it...buh-bye!!!
- ColoNative
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Replied by ColoNative on topic Re: Possibly No More Gm ?
Right now, the bailouts that GM, Chrysler, AIG and the banks are getting are necessary. If these big companies are allowed to fail we will surely be in a depression.
We were all living in la la land for a decade and now we are paying for it.