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Old 12-19-2008, 10:59 AM   #29
str8himalaya
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Hopefully scott is happy with the news! Maybe all the letters finally paid off!
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Buddy (that owns a mustang GT) to a tech at auto club: I am getting killed by camaros at the strip...what do i have to do to beat one?
Tech back to my buddy: Buy a camaro...
Buddy: Turns around and walks away with head down...


Gotta love GM!
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Old 12-19-2008, 11:01 AM   #30
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YES!!!!!!!!!!!!!!!!!!!!!! About Time !!: clap:
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Old 12-19-2008, 11:06 AM   #31
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Originally Posted by bigralph View Post
Let's start partying likes is 1999
GM better not go back to 1999, that's the time when they were creating the problems (shitty cars) they're suffering from today.
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Old 12-19-2008, 11:11 AM   #32
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Only for the next 3 months and then it's back to worrying again.
Except then they start selling the Camaro, so everything will be fine .

On a more serious note, that's plenty of time to dig themselves out of "deficit spending" especially since they can use the deadline to put some teath into their negotiations with creditors. Lets just hope the second half of TARP has strings attached that will require banks to actually start loaning to free up credit like it's suppose to so people will start being able to buy cars again by then.
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Old 12-19-2008, 11:18 AM   #33
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Yay gooooo Chrysler........and GM lol thats great

So ford did not get the money? why
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Old 12-19-2008, 11:30 AM   #34
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From the fact sheet:

"If the firms have not attained viability by March 31, 2009, the loan will be called and all funds returned to the Treasury."

How could they return the funds if you're using them to offset billions per month in losses. Won't the money be spent? I'd think that by March 31, 2009, it'll all be gone up in smoke.

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Old 12-19-2008, 11:32 AM   #35
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Yay gooooo Chrysler........and GM lol thats great

So ford did not get the money? why
Selling a lot of Mustangs.

Bob
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Old 12-19-2008, 11:37 AM   #36
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Basically, either Obama would have to change the deal if the did not accomplish what the Bush contract says OR the have to sell off assets like the nice GM towers to pay off the loan in 30 days.

OR in reality then they would have to do chapter 7 and liquidate to pay off the goverment.

This is huge pressure from the goverment to get bond holders, UAW and management to get the job done.
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Old 12-19-2008, 11:53 AM   #37
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ford doesn't need it now; they say they can do it without taxpayer money
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Old 12-19-2008, 11:55 AM   #38
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Why is it that Ford's statement was the longest, and they're not even wanting the money?
good business practice, a thorough strategy for the future
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Old 12-19-2008, 11:56 AM   #39
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Obviously your job wouldn't be affected by GM and Chrysler going bankrupt.
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Old 12-19-2008, 12:07 PM   #40
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Quote:
Originally Posted by bobscogin View Post
Selling a lot of Mustangs.

Bob
obviously Ford hasnt heard about the new Camaro coming out.
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Old 12-19-2008, 12:18 PM   #41
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Thank you from north of the border Now the Canadian gov't can implement their plan & funds...BIG ANNOUNCEMENT COMING FROM CDN GOV'T SATURDAY!
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Old 12-19-2008, 12:18 PM   #42
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It's what I expected and what should have been done by the senate. I still expect them to burn through this money in about 3-6 months. God help em if GMAC folds. No way to floorplan for GM dealers or at least fewer options.
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