GM May Not Need More Federal Loans... - Page 2 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

OUR72GTO · 01-07-2009, 03:49 AM

Takes a lot of money to keep those Igloos going. Remember we only got the the 24 hour clock in 2008 and they stopped the baby seal hunt in MOOSE JAW this winter.

djsnoflake · 01-07-2009, 04:18 AM

Thank god I saved some seal fat from last year. I need it for my furnace. Hopefully we will get electricity before next winter

fastball · 01-07-2009, 06:06 AM

Great news! Now its time to put the money into where it belongs: a sleek, trim, modern, high quality and profitable product lineup mix.

MerF · 01-07-2009, 07:16 AM

Quote:

Originally Posted by stovt001

There's a lot of ifs there, but it is comforting to see this is a possibility. If $17B is all it takes to rescue such a large and important industry, we're not doing too bad.

Yet the banks couldn't do the same thing with $350B. They are such criminals.

Inspector 17 · 01-07-2009, 08:05 AM

QUOTE: UAW president Ron Gettelfinger revealed that GM and Chrysler may not need funding beyond the $17.4 billion already earmarked for the automakers.

I am just wondering when Ron Gettlefinger became the PR voice of GM? This certainly would be great news, but I want to hear it from GM.

Dukeboy01 · 01-07-2009, 08:27 AM

Quote:

Originally Posted by camaropete

QUOTE: UAW president Ron Gettelfinger revealed that GM and Chrysler may not need funding beyond the $17.4 billion already earmarked for the automakers.

I am just wondering when Ron Gettlefinger became the PR voice of GM? This certainly would be great news, but I want to hear it from GM.

+1

Personally, I'll believe it when I see it.

dbotsfordtat · 01-07-2009, 08:56 AM

Quote:

Originally Posted by StoutFiles

This recession has only just begun; another stock market slump is on its way and the job market will be even worse. It's fun to think GM will be fine in a matter of months but they will literally be crawling to 2010.

Have to agree with you. Hate to be a downer but GM's problems stem from lack of demand industry wide, People aren't buying because they are rightfully afraid of their economic future, thats going to get much worse in 2009. We have barely begun to see the effects of this crisis in the real economy, the next couple of years are going to be ugly for America and the world as a whole.

That being said I would still encourage all to buy and enjoy a new Camaro, they can't repossess the memories.

bobscogin · 01-07-2009, 08:59 AM

Quote:

Originally Posted by The_Blur

This is Wagoner's chance to shine. If he keeps quiet about this for a while and announces GM's change of fortune late next year, then maybe all of the idiots calling for his resignation will be made fools for their criticism.

I'm not calling for his resignation, but consider this: He's had almost 10 years to react to GM loss of market share and respond accordingly. That's a large part of why GM is broke today. They may turn it around, but I think when it comes to shining, Wagoner's lamp went out a long time ago.

Bob

Dakota Kid · 01-07-2009, 09:22 AM

Quote:

Originally Posted by Scott@Bjorn3D

But if we get 0% Financing how is GM or GMAC going to make money to pay back the government loan they got? We should get at good rate of about 4.5 to 5%.

GM is not gonna pay it back.

detroitboy · 01-07-2009, 09:23 AM

Quote:

Originally Posted by StoutFiles

This recession has only just begun; another stock market slump is on its way and the job market will be even worse. It's fun to think GM will be fine in a matter of months but they will literally be crawling to 2010.

Quite correct. They said we will have more forclosures this year than last. Unemployment in Michigan is at 9.6% and the rest of the country looks to be trying hard to catch up to it. Alcoa just announced layoffs of 13,500 worldwide. That shows how far down demand for aluminum products is. This is a downward spiral and few people are going to have the money for new cars. Those who talk up an upturn in late 2009 are just trying to think positive.

Badger · 01-07-2009, 10:22 AM

Quote:

Originally Posted by Scott@Bjorn3D

But if we get 0% Financing how is GM or GMAC going to make money to pay back the government loan they got? We should get at good rate of about 4.5 to 5%.

Ok Ok I was greedy 5% will be perfect..but no more

Black5thgen · 01-07-2009, 11:35 AM

Things are starting to look brighter

*Mr. Wyndham* · 01-07-2009, 12:47 PM

Quote:

Originally Posted by Dakota Kid

GM is not gonna pay it back.

*GTAHVIT* · 01-07-2009, 01:37 PM

Quote:

Originally Posted by Dakota Kid

GM is not gonna pay it back.

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
White House Approves $17.4 Billion Auto Loans to GM & Chrysler	josh1147	General Automotive + Other Cars Discussion	97	12-29-2008 03:21 PM
White House says auto loans deal not imminent	camaro5	General Automotive + Other Cars Discussion	11	12-15-2008 12:44 PM
MERGED: Has anyone read this (bankruptcy) about GM?	LS3SSRS	General Automotive + Other Cars Discussion	460	11-23-2008 11:54 PM
GMAC Financing problems	rolnslo	Camaro Price \| Ordering \| Tracking \| Dealers Discussions	13	10-15-2008 12:15 AM
Americans increasingly going upside down on auto loans	Scotsman	General Automotive + Other Cars Discussion	12	01-03-2008 12:48 AM

01-07-2009, 03:49 AM	#15
OUR72GTO 2010 SIM Beige RS 6M Drives: SIM RS 6M 66 Corvair Silverado LTZ Join Date: Oct 2008 Location: Kamloops,British Columbia Posts: 4,673	Takes a lot of money to keep those Igloos going. Remember we only got the the 24 hour clock in 2008 and they stopped the baby seal hunt in MOOSE JAW this winter.

01-07-2009, 04:18 AM	#16
djsnoflake Faith Keeper Drives: 2012 Silverado LTZ, 2010 2SS/RS Join Date: Nov 2008 Location: Saskatoon, Saskatchewan Canada Posts: 2,764 View My Garage	Thank god I saved some seal fat from last year. I need it for my furnace. Hopefully we will get electricity before next winter

01-07-2009, 06:06 AM	#17
fastball Banned Drives: 2017 Camaro 2SS 6MT Join Date: Aug 2006 Location: Cleveland, Ohio Posts: 4,361	Great news! Now its time to put the money into where it belongs: a sleek, trim, modern, high quality and profitable product lineup mix.

01-07-2009, 08:05 AM	#19
Inspector 17 I love crepes Drives: 2017 ZL1 NGM A10 Join Date: Oct 2008 Location: Maryland Posts: 4,955 View My Garage	QUOTE: UAW president Ron Gettelfinger revealed that GM and Chrysler may not need funding beyond the $17.4 billion already earmarked for the automakers. I am just wondering when Ron Gettlefinger became the PR voice of GM? This certainly would be great news, but I want to hear it from GM.

01-07-2009, 11:35 AM	#26
Black5thgen Account Suspended Drives: 2007 C6 Join Date: Apr 2007 Location: chicago Posts: 2,251 View My Garage	Things are starting to look brighter