07-10-2008, 02:21 PM | #1 | ||
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GM Gives `No Thoughts' to Bankruptcy, Wagoner Says
GM Gives `No Thoughts' to Bankruptcy, Wagoner Says (Update1)
http://www.bloomberg.com/apps/news?p...h3gnY&refer=us Quote:
Edit: (Update2) Quote:
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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." Last edited by GTAHVIT; 07-10-2008 at 02:40 PM. Reason: Add updates |
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07-10-2008, 02:24 PM | #2 |
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A few more responses to Bankruptcy.
GM CEO says speculation of bankruptcy "inaccurate"
http://www.reuters.com/article/ousiv...30035220080710 GM chief executive Wagoner says company won't seek bankruptcy, has solid cash position http://www.iht.com/articles/ap/2008/...Motors-CEO.php
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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." |
07-10-2008, 07:05 PM | #3 |
Drives: 01 Z06 08 CTS 07 Avy LTZ Join Date: Apr 2008
Location: Golden, CO
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Why is it that the media is always ready to destroy anything American while at the same time telling us that everything everyone else does is so great. I for one am getting tired of these sudo reporters who instead of just giving us the facts keep giving us their opinions and you already know what they say about opinions.
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07-10-2008, 09:22 PM | #4 |
Drives: 2006 Cobalt, 2004 Taurus wagon Join Date: Oct 2007
Location: California
Posts: 3,812
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The panic in the market and spread by the attention starved yellow journalists is just getting out of hand. If people thought rationally about the state of the market and economy stocks wouldn't be nearly as low as they are now (yes the economy is in bad shape, but not as bad as the breathless media is making it out to be). If you can keep your head, there are tons of oversold stocks that are actually pretty healthy out there. This just makes GM stock a great value now, though I do feel bad for anyone who owned shares before the panic set in. I'm a proud American, but it embarrasses me how excitable we can be sometimes.
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