11-06-2008, 09:03 AM | #1 |
Petro-sexual
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Bad news tomorrow?...
http://www.autoblog.com/2008/11/06/g...ges-on-friday/
"Due to deteriorating market conditions and a dire cash crunch, General Motors CEO Rick Wagoner will be announcing "important changes" during his company's 3rd quarter earnings report on Friday at 11AM EST The Detroit News obtained an executive level email that foretells the bad news ahead but doesn't go into specifics regarding what actions the General will take. Wagoner did, however, send out an earlier email that stated cuts were necessary. Some cutbacks on the table include both voluntary and involuntary salary layoffs and the loss of certain benefits like 401k matching. GM spokesman Tom Wilkinson verified that change was coming by saying that the struggling automaker would need to make "additional adjustments." The Friday announcement will likely include a hefty financial loss, too, as evidenced by an earlier announced loss of $2.5 billion by GMAC financial. Seems the General will use the public stage this Friday to announce additional production cuts or plant closings or delays to future products or... all of the above and more. We'll be listening and will let you know." EEEKKKK!!! I know that it's already been stated Camaro was safe, but that was then, and this is now. Also, I wonder what other programs are going to be changed It's a very scary time
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11-06-2008, 09:17 AM | #2 |
MOD SQUAD
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Who cares about the Blue Oval crowd and their little Ponys? We're getting our Camaro back-and it'll be Supercharged!-MDAII Team LS3 |
11-06-2008, 09:22 AM | #3 |
Blessed
Drives: 2013 Sonic RS MT Join Date: Dec 2007
Location: Saint Augustine FL
Posts: 28,444
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....dammit :( :flag1:
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11-06-2008, 09:24 AM | #4 |
Hello!
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Where's our inside voices?
I would think with the eager sales up to this point, not to mention the number of SS models ordered, would mean the Camaro is a go still! Hoping...praying...I want my Camaro!! |
11-06-2008, 09:46 AM | #5 |
Moderator
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This is big. I saw something about it, but I didn't want to post it. A lot is going to change.
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Operation Demon//Buy at Invoice//RACECARWEAR RESPECT ALL CARS. LOVE YOUR OWN. warn 145:159 ban |
11-06-2008, 09:53 AM | #6 |
FASTER!
Drives: Challenger Hellcat, 2SS Camaro Join Date: Apr 2008
Location: Middle Tennessee
Posts: 2,245
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Concerning.
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11-06-2008, 10:02 AM | #7 |
killer bAnana
Drives: 1985 z28 Join Date: Sep 2008
Location: Carson, CA
Posts: 694
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do'h!
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"Shut your noise tube, Taco Human!" |
11-06-2008, 10:04 AM | #8 |
Hello!
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11-06-2008, 10:20 AM | #9 | |
Account Suspended
Drives: Thunderbird Join Date: Sep 2008
Location: Kentucky
Posts: 951
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Quote:
Here is hoping you guys get to keep the Camaro around for the long term. |
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11-06-2008, 11:03 AM | #10 |
Drives: challenger Join Date: Jul 2008
Location: miami
Posts: 2,338
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dammit i shouldnt have bought gm stock at 6.50 a pop...
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11-06-2008, 11:10 AM | #11 |
Drives: Muscle Join Date: Apr 2008
Location: Florida
Posts: 1,315
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11-06-2008, 11:36 AM | #12 |
Drives: Camaro... soon Join Date: Aug 2008
Location: Chicago
Posts: 1,217
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hopefully they are just overstating so its not that bad when they announce it
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11-06-2008, 11:37 AM | #13 |
Not That sad..considering
Drives: Man Join Date: Aug 2007
Location: the part of washington the capital forgot about.
Posts: 3,747
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lol,sounds like hey lets drop our stock price today so we can get it to raise tomorrow when we arent as bad off as everyone thinks we are.
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Stop Whinging
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