11-18-2008, 11:14 PM | #1 | |
Drives: Dak Quad Join Date: Nov 2008
Location: MO
Posts: 17
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GM Could Benefit From Bankruptcy
Not saying this guy is right, but it's a concise article for investors discussing the pros and cons of a GM bankruptcy. Long live GM and Camaro.
GM Could Benefit From Bankruptcy by Rick Newman Quote:
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11-18-2008, 11:19 PM | #2 |
I used to be Dragoneye...
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"Business as usual"....I just got done haranging a local talk-show host for this...it's flat-out wrong.
As for that survey that got 2 seconds of his time: Supposedly, there was a poll conducted recently, and it concluded that 80% of people wouldn't even consider buying a car from a bankrupt company....80 percent!! Imagine suddenly wiping out 80 percent of GM's sales overnight; even a young healthy company couldn't withstand that. Sure they could campaign and market themselves as a refreshed, healthy company...because...that works, right? |
11-18-2008, 11:38 PM | #3 |
www.Camaro5store.com
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Bankruptcy is NOT an option. Just like what's being said above....it would be detrimental to GM.
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11-18-2008, 11:39 PM | #4 | |
Not That sad..considering
Drives: Man Join Date: Aug 2007
Location: the part of washington the capital forgot about.
Posts: 3,747
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Quote:
__________________
Stop Whinging
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11-18-2008, 11:55 PM | #5 | |
I used to be Dragoneye...
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And CAFE, however much we hate it...isn't doing a whole lot to hurt them compared to the economy. Especially not since they have (or are in the process of getting) access to an already-approved 25 billion specifically for fuel-efficient vehicles. In fact, that money was part of the CAFE legislation in the first place... This thing is being called a "bridge loan" because that's what the automakers want it to do: carry them over to 2010, when they shed all these crazy-ass costs and the economy is partially healed. Suddenly; poof! They're profitable. No...it's not that simple...but that's the idea. 2010 is the magic year for the automakers...if they can get there; they'll be *almost* home-free. |
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11-19-2008, 12:30 AM | #6 | |
Drives: X-15 Velocipede Join Date: Mar 2008
Location: SW Florida
Posts: 4,637
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And as far as CAFE, Congress is demanding higher fuel efficiency. http://www.autoblog.com/2008/11/17/s...o-receive-aid/ Gas prices will certainly go back up as we climb out of recession. IMO, this government involvement very well could heavilly influence what vehicles will be manufactured in the near future. One of the biggest issues is the $25 billion will not take the big 3 into 2010, they are going to come back for more to make it to 2010. |
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09-22-2010, 08:47 PM | #7 |
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LMAO! This guy knows how to advertise!
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09-22-2010, 09:07 PM | #8 |
Drives: 2003 silverado Join Date: Aug 2009
Location: mardela, MD
Posts: 226
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09-22-2010, 10:40 PM | #9 |
Moderator.ca
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dead thread won't be bumped by spam again ...
__________________
Note, if I've gotten any facts wrong in the above, just ignore any points I made with them
__________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!!__________________ Camaro Fest sub-forum |
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