IF BANKRUPT Will They Still Make Our Cars

[Speed 1]

5yrs .... 100k warranty for the car sounds good!!!

What warranty does your girl-friend come with?

Camaro pre-nup contract has alot to offer... LOL

Buy the car, you will soon find out if she wants to drive into the future together.

Todd

[01pewterz28]

I am sorry but people really need to under stand what Chapter 11 means, it’s responses like the one your lawyer and girlfriend made that will ultimately in the end hurt GM and the US economy. If GM files for CH 11 Bankruptcy protection they are protected from all creditors what will happen is GM and the Government will go to the creditors and reduce the debt, the cost of lease payments, work with unions, ect... During this time GM will operate like they have the only difference we will is that GM and the Government will work out a plan to have GM exit CH 11 quickly. During this time the unions contracts will be voided the union will NOT be able to go on strike, the government has already said they will be giving parts manufactures money as part of a bailout so they can continue to operate, and BUILD CARS & TRUCKS. The Camaro, Silverado, Corvette, Malibu, Caddy’s , ect… will continue to roll off the line. In the end you will get your Camaro everything will be fine.

United Airlines operated under Chapter 11 for two years, Delta, Northwest, and US Airways operated under Chapter 11 for one year and during these times they flew hundreds of millions of passengers. Because of Chapter 11 filing they did not stop flying they continued to run the day to day operations and in the background they worked to reduce debt.

GM will do the same they will continue to build cars in Chapter 11, the Government has already said ALL buyers are protected if a worst case happens (and it will not we have far too much to lose if GM went Chapter 7)

I mean you no disrespect but your Lawyer and fiance are as stupid the guy pulling into the Ford dealership to buy a Ford Mustang because he thinks the Mustang is a bad A$$ car. What do they want you to buy?? I can tell you if your fiancé has other plans for your car dreams you might want to think hard about being with her. I had a girlfriend who tried to tell me it’s either her or the car (I was buying a 97 WS6 TA back in 97) I told her are you sure you want me to choose she said YES, well needless to say the TA was in my driveway the next day. As for your lawyer I hope he is not one of those Ambulance chasers you see on TV I hope you are not paying him much because he already gave you PISS POOR information about GM.

So what have we learned today?

-GM is a viable company
-GM will operate as normal if they have to go into Chapter 11
-The Camaro will be produced
-Your Camaro will be produced
-You will have a full warranty
-Your Lawyer is a jackass
-Your Fiance is well “Clueless”

Now that will be $350 in fees today.

Good luck sounds like you are going to need it.

Sean

[dbotsfordtat]

Originally Posted by Euro Kid

Unless they fully restructure and start making huge gains, I doubt we'll eve see that money back, to be honest. And with our socialist pig of a president abusing his powers and firing CEO's .. and replacing them with inexperienced people.. well idk, we'll see what good will come out of that.

also, most of those cars are actually not bad at all, but there are still come cars that are very unappealing to the market right now, like the huge gas guzzlers and such.

and ah! Those Pesky Germans!

Your all over the map on this. First off, having been Married to a European and living in Europe for nine years, I can report that huge portions of the European economy are socialized and it appears to work for them. Mercedes Benz isn't required to provide Health Benefits to their work force, that is rightly a function of the Government. No doubt this helps Mercedes focus on their primary mission of building transportation. Secondly, after driving many of their finest Automobiles, I can confidently report that European build quality is no better than North American. And lastly, European cars such as Mercedes Benz are "a dime a dozen" in Europe, nobody bats an eye when you pull up in one. Pull up in an older Chevy and people will ask to get their pictures taken in it. Scarcity creates the illusion of value, nothing more. Thats why dicks that drive European cars in America have that snooty metro-sexual thing going, its the illusion of value theyr'e trying to project, but IMO it just comes across as girly.

[Moose]

This thread is headed...

[Rothnak]

Originally Posted by 01pewterz28

I am sorry but people really need to under stand what Chapter 11 means, it’s responses like the one your lawyer and girlfriend made that will ultimately in the end hurt GM and the US economy. If GM files for CH 11 Bankruptcy protection they are protected from all creditors what will happen is GM and the Government will go to the creditors and reduce the debt, the cost of lease payments, work with unions, ect... During this time GM will operate like they have the only difference we will is that GM and the Government will work out a plan to have GM exit CH 11 quickly. During this time the unions contracts will be voided the union will NOT be able to go on strike, the government has already said they will be giving parts manufactures money as part of a bailout so they can continue to operate, and BUILD CARS & TRUCKS. The Camaro, Silverado, Corvette, Malibu, Caddy’s , ect… will continue to roll off the line. In the end you will get your Camaro everything will be fine.

United Airlines operated under Chapter 11 for two years, Delta, Northwest, and US Airways operated under Chapter 11 for one year and during these times they flew hundreds of millions of passengers. Because of Chapter 11 filing they did not stop flying they continued to run the day to day operations and in the background they worked to reduce debt.

GM will do the same they will continue to build cars in Chapter 11, the Government has already said ALL buyers are protected if a worst case happens (and it will not we have far too much to lose if GM went Chapter 7)

I mean you no disrespect but your Lawyer and fiance are as stupid the guy pulling into the Ford dealership to buy a Ford Mustang because he thinks the Mustang is a bad A$$ car. What do they want you to buy?? I can tell you if your fiancé has other plans for your car dreams you might want to think hard about being with her. I had a girlfriend who tried to tell me it’s either her or the car (I was buying a 97 WS6 TA back in 97) I told her are you sure you want me to choose she said YES, well needless to say the TA was in my driveway the next day. As for your lawyer I hope he is not one of those Ambulance chasers you see on TV I hope you are not paying him much because he already gave you PISS POOR information about GM.

So what have we learned today?

-GM is a viable company
-GM will operate as normal if they have to go into Chapter 11
-The Camaro will be produced
-Your Camaro will be produced
-You will have a full warranty
-Your Lawyer is a jackass
-Your Fiance is well “Clueless”

Now that will be $350 in fees today.

Good luck sounds like you are going to need it.

Sean

Guys, he nailed it on the head. Where did you say you wanted us to mail the $350?

[MontyCarlo]

Originally Posted by PewterPhil

Even if bankruptcy were to start today, it would be several months if not years before the entire process is final. And even then not much is going to change with cars already in production. If you preordered a Camaro, your car will have long been produced and delivered before bankruptcy will cause you any problems. I do wonder though how everything will pan out in the end. What divisions will stay and who will go? And how the current employees will be dealt with. It will not be good on any level for the employees.

In the long run, what's best for employees is to work for a company that makes money. If union contracts are killing the goose that lays the golden eggs (GM), then goodbye and good riddance to hefty employee benefits.

[ZYAL8R]

Per the New York Times today:

"The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite GM's public contention that it could still reorganize outside court"

Will they stop making Camaros b/c of he bankruptcy...........NAH.. Might be a slowdown..........but hopefully just a little one.

Will the Camaros keep rolling down the assembly line..............well you betcha! I'm keeping the faith and drinking the kool-aid!

[Euro Kid]

Originally Posted by dbotsfordtat

Your all over the map on this. First off, having been Married to a European and living in Europe for nine years, I can report that huge portions of the European economy are socialized and it appears to work for them. Mercedes Benz isn't required to provide Health Benefits to their work force, that is rightly a function of the Government. No doubt this helps Mercedes focus on their primary mission of building transportation. Secondly, after driving many of their finest Automobiles, I can confidently report that European build quality is no better than North American. And lastly, European cars such as Mercedes Benz are "a dime a dozen" in Europe, nobody bats an eye when you pull up in one. Pull up in an older Chevy and people will ask to get their pictures taken in it. Scarcity creates the illusion of value, nothing more. Thats why dicks that drive European cars in America have that snooty metro-sexual thing going, its the illusion of value theyr'e trying to project, but IMO it just comes across as girly.

I think this was more an attack on me for being pro german cars.. since you quoted me, but didn't reply to anything in the actual quotes

and i actually can't believe your suggesting socialism for the united states. "hey if it works in europe" no thanks.

[desmithcam3]

GM will be fine if it goes Chapter 11. The people who will be hurt the most are the Common Stock Holders and anyone who has given them credit or has accounts payable by GM and the unions with reduced pay or benefits. The company will continue to operate and Camaro buyers should be OK.

[alrox]

Originally Posted by desmithcam3

GM will be fine if it goes Chapter 11. The people who will be hurt the most are the Common Stock Holders and anyone who has given them credit or has accounts payable by GM and the unions with reduced pay or benefits. The company will continue to operate and Camaro buyers should be OK.

Even after a successful bankruptcy GM still has no viable plan to turn a profit for the foreseeable future. This will only delay the inevitable by 2 years. Look for massive losses of hundreds of millions to most likely billions of dollars the next 8 quarters for GM.

[PewterPhil]

Originally Posted by MontyCarlo

In the long run, what's best for employees is to work for a company that makes money. If union contracts are killing the goose that lays the golden eggs (GM), then goodbye and good riddance to hefty employee benefits.

I definitely agree. I work for a labor and employment law firm. We basically negotiate union contracts on behalf of the company. I know of countless stories involving pissed off UAW employees who were willing to sabotage cars on the line. Usually because a contract negotiation didn’t go their way. I know of employees who intentionally welded wrenches to inaccessible frame sections of cars to cause annoying rattles that nobody could find to fix, intentional bad wiring, anything you could think of has been done to American cars to help make them suck at some point.
Don’t get me wrong, I have nothing but respect for union employees and I hate to see folks like the Mole, who has worked for GM for 25 years, get screwed for something he didn’t cause. The UAW has the potential to change dramatically if GM goes bankrupt. Negotiations will be totally in the favor of the company and the unions will have to take whatever a bankruptcy judge is willing to offer.

[PewterPhil]

We, as new 2010 Camaro owners may benefit big time here. If Obama and his task force, being a GM creditor, has a hand in the restructure of GM, cars with V8 engines may be few and far between. The current government's left leaning enviromental aganda may consider V8 sport cars an excessive luxury. Could it be possible that Chevy will be forced to stop making V8 Camaros and forced to refine the ultra fuel effecient V6? Might there be a timeframe to achieve a MPG goal of say...39 MPG highway by 2015?

If so, baby your new cars because in a few years they will be worth a fortune. Who ever heard of a car actually appreciating in value after driving off the lot. Crazier things are happening right now as we speak.

[MontyCarlo]

Originally Posted by PewterPhil

We, as new 2010 Camaro owners may benefit big time here. If Obama and his task force, being a GM creditor, has a hand in the restructure of GM, cars with V8 engines may be few and far between. The current government's left leaning enviromental aganda may consider V8 sport cars an excessive luxury. Could it be possible that Chevy will be forced to stop making V8 Camaros and forced to refine the ultra fuel effecient V6? Might there be a timeframe to achieve a MPG goal of say...39 MPG highway by 2015?

If so, baby your new cars because in a few years they will be worth a fortune. Who ever heard of a car actually appreciating in value after driving off the lot. Crazier things are happening right now as we speak.

Hey hey hey. It's taken me a lot of work to convince myself to get a V6 instead of dropping almost 10k more on a fully-loaded V8. Don't go confusing me!

[KJS]

Originally Posted by PewterPhil

I know of employees who intentionally welded wrenches to inaccessible frame sections of cars to cause annoying rattles that nobody could find to fix, intentional bad wiring, anything you could think of has been done to American cars to help make them suck at some point.

AW GEEZE, I DIDN'T NEED TO SEE THAT ! ! !