Who here is worried... - Page 3 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

L. James · 11-20-2008, 12:49 PM

Quote:

Originally Posted by HeatherR

Our news (in Detroit) just reported that a bipartisan deal has been reached-This was reported by Levin, and all the details are not available yet. A vote this afternoon.

A potential deal was reached, but will there be enough time for a vote?

http://www.detnews.com/apps/pbcs.dll...TO01/811200430

SQUALO · 11-20-2008, 12:53 PM

Let's keep our eyes and ears peeled to this news conference @ 2:30p.m and hope we'll be posting like it was New Years!

Rodrunner · 11-20-2008, 01:09 PM

I believe, whether the outcome is gov't loan or Chapter 11, GM will continue to exist and will continue to want to get this car into production ASAP.
Bankruptcy affords them, like anyone, protection from creditors, and allows them actions they otherwise couldn't take. But a resulting, almost certain downsizing might mean the dealership you ordered your Camaro from may not be in business too far down the road....in which case...I suppose the car would just be diverted to the next closest dealer for delivery.... so the drive home's a little longer - no big deal.
Chevydude26's post on this thread http://www.camaro5.com/forums/showth...t=9416&page=18 has a lot of interesting info about bankruptcy - it's not all gloom and doom, although I'm sure a lot of high paid corporate people at all 3 who might get axed under reorganization will tell you it's catastrophic!

A deal struck...not sure that makes me happy...i hope they don't blow this $ if they get it

2SS/RS Black/Black w-Cyber Gray stripes/Auto ordered-10/18/08

dbotsfordtat · 11-20-2008, 01:22 PM

Quote:

Originally Posted by Fandango

Camaro is coming whether or not GM goes bankrupt or not.

Wow, I haven't seen BOHICA since like 1982.

Chevyzone · 11-20-2008, 01:24 PM

Quote:

Originally Posted by PsyDoc

My hope is that the Feds are planning on aiding GM, it's in the worst shape, AFTER GM files Chapter 11 and reorganizes. Right now, GM has no "business plan" for what they would do differently in the U.S. if the government came through. I think that, in particular, is why there is little support from the government. If they had shown up with a well-thought out plan, then perhaps the outcome would be a little different.

The real kick in the ass is when all 3 CEO's arrived in seperate corporate jet's. A Senate member questioned them about this, asked why they didn't jet pool, or perhaps fly first class. The Big 3 are there asking for a financial bail out and show absolutely no regard for the money they are spending and the image they are conveying to the public and Senate. It's no wonder why they may not get the money. Sorry guys, but those 3 yahoo's would have been better off staying home.

How can 3 top executives of the worlds most powerful corporations arrive without a business plan to present. It's quite obvious they thought, " Hell we're GM, Chrysler and Ford and there's no way you can deny us what we want." Yeah, right.

OldTimer · 11-20-2008, 01:34 PM

This just came out......

Four US senators have reached a bipartisan agreement on a bill to assist the struggling automotive industry, but several hurdles remain before the proposal clears Congress.
CNBC.com
Big 3 Bailout
--------------------------------------------------------------------------------

A news conference was planned for 2.30 pm "to discuss the details of a bipartisan agreement on a bill to support the auto industry," the statement said. CNBC.com will stream the event live.

*GTAHVIT* · 11-20-2008, 01:37 PM

Quote:

Originally Posted by Chevyzone

The real kick in the ass is when all 3 CEO's arrived in seperate corporate jet's. A Senate member questioned them about this, asked why they didn't jet pool, or perhaps fly first class. The Big 3 are there asking for a financial bail out and show absolutely no regard for the money they are spending and the image they are conveying to the public and Senate. It's no wonder why they may not get the money. Sorry guys, but those 3 yahoo's would have been better off staying home.

How can 3 top executives of the worlds most powerful corporations arrive without a business plan to present. It's quite obvious they thought, " Hell we're GM, Chrysler and Ford and there's no way you can deny us what we want." Yeah, right.

They addressed that in the hearing. Each of them are still competitors. And as such they weren't willing to share corporate secrets with eachother. However they all agreed to provide that information the the senate confidentially.

I'm OK with that. Now is not the time to show your cards to the world.

Speedy1975 · 11-20-2008, 01:41 PM

WOW, the short sightedness of a lot of folks on this board is scary. All I've heard is "If GM goes bankrupt will I get my Camaro?" I mean seriously? If GM goes, the other two aren't far behind. Am I the only one that realizes that's a bigger issue than whether or not I get a Camaro??!!!

C'mon people.

StoutFiles · 11-20-2008, 01:45 PM

Quote:

All I've heard is "If GM goes bankrupt will I get my Camaro?" I mean seriously? If GM goes, the other two aren't far behind. Am I the only one that realizes that's a bigger issue than whether or not I get a Camaro??!!!

Things change, life goes on. Hopefully life goes on with me riding around in a new Camaro.

*GTAHVIT* · 11-20-2008, 01:47 PM

Told ya it wasn't over.

http://www.camaro5.com/forums/showthread.php?t=9844

Chevyzone · 11-20-2008, 02:29 PM

Quote:

Originally Posted by Speedy1975

WOW, the short sightedness of a lot of folks on this board is scary. All I've heard is "If GM goes bankrupt will I get my Camaro?" I mean seriously? If GM goes, the other two aren't far behind. Am I the only one that realizes that's a bigger issue than whether or not I get a Camaro??!!!
C'mon people.

There's alot of folks that have been anxiously awaiting the introduction of the new Camaro. Thousands have already placed orders. I can understand their feelings, anticipation and frustrations. But, I agree with ya. Some folks are putting the cart before the horse.

PsyDoc · 11-20-2008, 02:41 PM

Congress to Automakers: No Plan, No Bailout: http://www.foxnews.com/story/0,2933,455407,00.html

Looks like the Big 3 have until December 2nd to put forth a plan addressing accountability and viability.

rayhawk · 11-20-2008, 02:49 PM

What I don't understand is why they are hesitant to allow them to tap the $25b already set aside, I mean if congress does nothing there will be no US auto industry left to loan to. It will all be dismantled and the profitable bits bought up by the Japanese and Europeans. Then we can export even more money to the rest of the world.

FirstLSK · 11-20-2008, 03:17 PM

I hope this isn't a re-post, but do you think the UAW is actually trying to help or is is smoke and mirrors?

http://money.cnn.com/galleries/2008/..._causes/5.html

11-20-2008, 01:47 PM	#38
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,441 View My Garage	Told ya it wasn't over. http://www.camaro5.com/forums/showthread.php?t=9844 __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

11-20-2008, 02:41 PM	#40
PsyDoc Drives: Soon-to-be 1st Gen Join Date: Nov 2008 Location: Southeast Posts: 249	Thursday, Nov. 20th Congress to Automakers: No Plan, No Bailout: http://www.foxnews.com/story/0,2933,455407,00.html Looks like the Big 3 have until December 2nd to put forth a plan addressing accountability and viability.

11-20-2008, 02:49 PM	#41
rayhawk Drives: Cadillac CTS-V Join Date: Aug 2008 Location: Miami Posts: 1,065 View My Garage	What I don't understand is why they are hesitant to allow them to tap the $25b already set aside, I mean if congress does nothing there will be no US auto industry left to loan to. It will all be dismantled and the profitable bits bought up by the Japanese and Europeans. Then we can export even more money to the rest of the world. __________________

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11-20-2008, 12:53 PM	#30
SQUALO Drives: CHEVROLET Join Date: Jul 2008 Location: YKZ, CAN. Posts: 4,258	Let's keep our eyes and ears peeled to this news conference @ 2:30p.m and hope we'll be posting like it was New Years!

11-20-2008, 01:09 PM	#31
Rodrunner Senior Member Drives: 2010 SS/RS, '06 350Z Join Date: Oct 2008 Location: So. Maryland Posts: 2,326	I believe, whether the outcome is gov't loan or Chapter 11, GM will continue to exist and will continue to want to get this car into production ASAP. Bankruptcy affords them, like anyone, protection from creditors, and allows them actions they otherwise couldn't take. But a resulting, almost certain downsizing might mean the dealership you ordered your Camaro from may not be in business too far down the road....in which case...I suppose the car would just be diverted to the next closest dealer for delivery.... so the drive home's a little longer - no big deal. Chevydude26's post on this thread http://www.camaro5.com/forums/showth...t=9416&page=18 has a lot of interesting info about bankruptcy - it's not all gloom and doom, although I'm sure a lot of high paid corporate people at all 3 who might get axed under reorganization will tell you it's catastrophic! A deal struck...not sure that makes me happy...i hope they don't blow this $ if they get it 2SS/RS Black/Black w-Cyber Gray stripes/Auto ordered-10/18/08

11-20-2008, 01:34 PM	#34
OldTimer Drives: 2012 Victory Red ZL1 MG9 Join Date: Mar 2008 Location: Texas Posts: 376	This just came out...... Four US senators have reached a bipartisan agreement on a bill to assist the struggling automotive industry, but several hurdles remain before the proposal clears Congress. CNBC.com Big 3 Bailout -------------------------------------------------------------------------------- A news conference was planned for 2.30 pm "to discuss the details of a bipartisan agreement on a bill to support the auto industry," the statement said. CNBC.com will stream the event live.

11-20-2008, 01:41 PM	#36
Speedy1975 FASTER! Drives: Challenger Hellcat, 2SS Camaro Join Date: Apr 2008 Location: Middle Tennessee Posts: 2,244	WOW, the short sightedness of a lot of folks on this board is scary. All I've heard is "If GM goes bankrupt will I get my Camaro?" I mean seriously? If GM goes, the other two aren't far behind. Am I the only one that realizes that's a bigger issue than whether or not I get a Camaro??!!! C'mon people.

11-20-2008, 03:17 PM	#42
FirstLSK Dude, I love my car !!!! Drives: 2010 Black 2SS/RS white rally Join Date: Oct 2008 Location: DFW Posts: 811	I hope this isn't a re-post, but do you think the UAW is actually trying to help or is is smoke and mirrors? http://money.cnn.com/galleries/2008/..._causes/5.html