Quote:
Originally Posted by sigma_1966
What he meant to say is
This car may well save GM but i doubt it. If they want to save GM, they CAN pay back Obama and the government as fast as they can. Then STOP MAKING all models that don't sell and give the chevy truck a real motor. THAT WILL make it really the truck it could be. The Camaro is all i knew GM could build, now make a truck to match.!! I WOULD buy three if they make a 350 rwh truck with 1/2 ton plus towing and then they are in the game
I think this car wil help put GM on the right track. Saving GM was done by all the bailout money they received. If they can start producing hit cars like this every year GM wil flourish.
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I agree. GM would have gone bankrupt 10 years ago if it wasn't for GMAC. GMAC accounted for a very large percentage of GM's profts during those 10 years due to subprime mortgage lending. GM doesn't have GMAC anymore, which lost billions due to the housing market coming back to normal. The other "profits" GM had during the past 10 years were from high margin SUV's, whose sales have tanked.
Cars actually make very little profit for GM and considering all the billions we've sunk into them to keep it afloat, there is virtually 0 chance of them ever turning a real profit again, much less paying back billions they took.