12-19-2008, 10:59 AM | #29 |
A lot to learn!
Drives: 2012 Camaro SS Transformers Edition Join Date: May 2008
Location: Ohio
Posts: 131
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Hopefully scott is happy with the news! Maybe all the letters finally paid off!
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2012 Camaro SS Transformers Edition.
Excited to build up my first Camaro! Current Mods: -Spectre CAI -Straight piped -Power Wedge |
12-19-2008, 11:01 AM | #30 |
Look Ma Im A Music Artist
Drives: 2017 Camaro RS Join Date: Aug 2008
Location: MI
Posts: 158
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YES!!!!!!!!!!!!!!!!!!!!!! About Time !!: clap:
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12-19-2008, 11:06 AM | #31 |
Drives: . Join Date: May 2008
Location: .
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12-19-2008, 11:11 AM | #32 |
Drives: 2010 CMG 2SS Join Date: Oct 2008
Location: NS, Canada
Posts: 118
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Except then they start selling the Camaro, so everything will be fine .
On a more serious note, that's plenty of time to dig themselves out of "deficit spending" especially since they can use the deadline to put some teath into their negotiations with creditors. Lets just hope the second half of TARP has strings attached that will require banks to actually start loaning to free up credit like it's suppose to so people will start being able to buy cars again by then.
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Cyber gray! |
12-19-2008, 11:18 AM | #33 | |
SS Lightning
Drives: An SRT8 Join Date: Feb 2008
Location: Cinnaminson, NJ
Posts: 2,285
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Yay gooooo Chrysler........and GM lol thats great
So ford did not get the money? why
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12-19-2008, 11:30 AM | #34 |
Drives: 2016 Challenger R/T, 1965 Impala SS Join Date: Aug 2008
Location: Slidell, LA
Posts: 116
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From the fact sheet:
"If the firms have not attained viability by March 31, 2009, the loan will be called and all funds returned to the Treasury." How could they return the funds if you're using them to offset billions per month in losses. Won't the money be spent? I'd think that by March 31, 2009, it'll all be gone up in smoke. Bob |
12-19-2008, 11:32 AM | #35 |
Drives: 2016 Challenger R/T, 1965 Impala SS Join Date: Aug 2008
Location: Slidell, LA
Posts: 116
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12-19-2008, 11:37 AM | #36 |
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Basically, either Obama would have to change the deal if the did not accomplish what the Bush contract says OR the have to sell off assets like the nice GM towers to pay off the loan in 30 days.
OR in reality then they would have to do chapter 7 and liquidate to pay off the goverment. This is huge pressure from the goverment to get bond holders, UAW and management to get the job done. |
12-19-2008, 11:53 AM | #37 |
Drives: Camaro... soon Join Date: Aug 2008
Location: Chicago
Posts: 1,217
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ford doesn't need it now; they say they can do it without taxpayer money
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12-19-2008, 11:55 AM | #38 |
Drives: Camaro... soon Join Date: Aug 2008
Location: Chicago
Posts: 1,217
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12-19-2008, 11:56 AM | #39 |
junior member
Drives: Grand Am Join Date: Aug 2008
Location: canada
Posts: 534
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12-19-2008, 12:07 PM | #40 |
Drives: vrooooom vrooooom Join Date: Dec 2008
Location: Florida
Posts: 1,375
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obviously Ford hasnt heard about the new Camaro coming out.
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"With a light touch on the brakes, run the revs up a bit. Slip off the brake and bury the throttle. There's a light chirp as tires scratch for bite. Then comes a sub-5.0-second sled ride to 60 mph. A tick over 13.0 sec. and you're through the quarter-mile. It's a rush, of course, but not overly dramatic. Try the same thing with this pair's predecessors of 1970 or so and you'll find yourself in a bit of a wrestling match. Ain't progress wonderful? Maybe yes, and maybe sometimes it's fun to wrestle."
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12-19-2008, 12:18 PM | #41 |
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Thank you from north of the border Now the Canadian gov't can implement their plan & funds...BIG ANNOUNCEMENT COMING FROM CDN GOV'T SATURDAY!
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Frank
(Drive Safely & Responsibly) |
12-19-2008, 12:18 PM | #42 |
Drives: four wheels Join Date: Oct 2007
Location: usa
Posts: 585
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It's what I expected and what should have been done by the senate. I still expect them to burn through this money in about 3-6 months. God help em if GMAC folds. No way to floorplan for GM dealers or at least fewer options.
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