Quote:
Originally Posted by OUR72GTO
The engine may be in use but the one for my car has too be assembled from parts...and those parts suppliers if not paid do not just give someone the goods without payment. Will you pay for a car that the dealer can't deliver? You want a car without seats? It is 90 days to start up and you can bet they have not yet stocked the warehouse.
They ALL need the money now just to pay for the yet to be delivered components.They have a huge amount of old stock sitting in storage ...the cost to build it was spent weeks ago ...now they have 45% less sales = no cash flow.
You can have all the gross margin you want but without cash flow a company is dead in the water.
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Excellent point...especially if suppliers are skittish and demand COD (which I bet most are)--More reaosn why Bush needs to quite dragging his feet and clean up after the mess the senate made...and now he's talking about an "orderly" bankruptcy
I still don't anticipate a major delay...