You are browsing camaro5 
 |
|
02-10-2009, 09:30 PM
|
#1 |
|
Junkie
|
Bankrupt GM and disontinued 2010 Camaro
The financial troubles of the US auto industry have been known for some time... However Todays paper made the issue a bit more real.
and I am worried. It stated that GM and Crysler may be forced into bankruptcy to assure the US gov is payed for the $17.4 billion dollars in loans they have recieved. if federal officials do not come to an agreement to change thier position regarding payment, they have the option to force bankruptcy upon the automakers. it says this wld be a condition of more bail out aid. how wld aid help them if they are bankrupt? if this were to happen what will happen to us?  maybe the GT500 isnt looking so bad...
__________________
 "Letty" Murdered out 2013 Camaro 1LE. (Old car SIM 2010 2SS/RS) |
|
|
|
02-10-2009, 09:32 PM
|
#2 |
        
Drives: 07 Black Cobalt SS/SC Join Date: Aug 2006
Location: Manalapan-NJ
Posts: 2,872
 |
They can kiss my ASS when they force AIG, and rest to go to bankrupt then they can go after the auto makers
__________________
 Through HIM you believe in GOD, who raised HIM from the dead and Glorified him.. |
|
|
|
|
02-10-2009, 09:33 PM
|
#3 |
 
Drives: 2010 2SS/RS & 04 silvy Join Date: Mar 2008
Location: Driving
Posts: 362
|
they wont discontinue the camaro, they've spent way too much on it and its so close to production
|
|
|
|
|
02-10-2009, 09:34 PM
|
#4 |
|
N7 Spectre
Drives: 14 ATS Performance 3.6L AWD Join Date: Jul 2008
Location: Moosomin, Saskatchewan, Canada
Posts: 2,734
 |
HA! Ya right, like the government expects their payback already? Show me where the conditions of the loan said "two(or so) months".
__________________
 |
|
|
|
|
02-10-2009, 09:35 PM
|
#5 |
|
N7 Spectre
Drives: 14 ATS Performance 3.6L AWD Join Date: Jul 2008
Location: Moosomin, Saskatchewan, Canada
Posts: 2,734
|
Everybody just wants to make headlines, and the more doom and gloom, the more they sell. Pricks.
__________________
|
|
|
|
|
02-10-2009, 09:35 PM
|
#6 |
|
Junkie
|
that was my thought but it cost money to continue the production
money that they wouldnt have...
__________________
"Letty" Murdered out 2013 Camaro 1LE. (Old car SIM 2010 2SS/RS) |
|
|
|
|
02-10-2009, 09:35 PM
|
#7 |
|
Banned
Drives: 2010 Mustang GT Join Date: Aug 2008
Location: Jacksonville
Posts: 1,823
|
if they force them to go bankrupt, then give nissan bailout money words would not be able to describe how pissed i would be. the thought of making gm and chrysler wouldn't be so bad if the government wasn't wasting money on its own parties, and wall street/ the banks
|
|
|
|
|
02-10-2009, 09:39 PM
|
#8 |
|
N7 Spectre
Drives: 14 ATS Performance 3.6L AWD Join Date: Jul 2008
Location: Moosomin, Saskatchewan, Canada
Posts: 2,734
|
Isn't that the truth! We might have to burn the white house down... again.
__________________
|
|
|
|
|
02-10-2009, 09:42 PM
|
#9 |
|
Drives: 07 Black Cobalt SS/SC Join Date: Aug 2006
Location: Manalapan-NJ
Posts: 2,872
|
Im ready as a freemason I'm all about revolution
__________________
Through HIM you believe in GOD, who raised HIM from the dead and Glorified him.. |
|
|
|
|
02-10-2009, 09:42 PM
|
#10 |
Drives: 1997 SS & 2010 2SS/RS Join Date: Aug 2006
Location: South Florida
Posts: 1,027
|
Why would they stop production on 1 of its 2 most highly anticipated models, The camaro may not be able to carry GM indefinetely but its sales will defenetly help it for at least the next 3 years till the Volt comes out.
|
|
|
|
|
02-10-2009, 09:45 PM
|
#11 |
|
Pinholic
Drives: 11 Silverado, 08 Shelby GT500 Conv. Join Date: Nov 2008
Location: Macomb, Mi
Posts: 698
|
I doubt that even the idiots that run our country would force our auto manufacturers out of business and thereby (1) put that many people out of work and (2) put the entire worldwide business of manufacturing vehicles on a silver platter and give it to Japan.
After all....somebody in this world needs to pay to support the UN, and give all the free food to people living in the desert in Sudan etc. while their own people live on the streets. You know darn well Japan would'nt do that!
__________________
Almost had a 2SS/RS, IOM, orange accent interior, 6 speed manual, sunroof & polished wheels
ordered 01/19/07 3000 - 2/27/09 3400 - 3/27/09 3800 - 4/17/09 (built and lost in the vortex) ship date ??????? (I gave up and got a GT500) 5/11/09 - order cancelled 5/27/09 - vehicle arrived at dealership for whoever bought it after me |
|
|
|
|
02-10-2009, 09:45 PM
|
#12 |
Drives: 2008 Cobalt SS/TC Join Date: Dec 2008
Location: New Smyrna Bch. Florida
Posts: 1,449
|
They can't get repaid from liquidation, GM isnt worth that much liquidated, they want there money back. GM will survive one way or another and we will get our cars, or no one gets there loans repaid.
|
|
|
|
|
02-10-2009, 09:49 PM
|
#13 |
|
Booooosted.
|
Calm down folks. They are talking about Chapter 11. This would mean that they restructure by force and have to pay the Gov. back first. Before anyone else gets money. They would never allow Chapter 7.
Stop fearmongering.  You'll get your Camaro. Be patient.  Just won't be good for their rating.
__________________
 |
|
|
|
|
02-10-2009, 09:52 PM
|
#14 | |
Drives: LS3S/C Join Date: Aug 2008
Location: CALI
Posts: 1,344
|
Quote:
__________________
MODS whipple 2.9L s/c, ADM race scoop, 600 rwhp 550 wrtq, .
|
|
|
|
|
 |
|
|
