Has anyone watched Fox Business News in the past hour? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Muscle Car Memories · 05-16-2014, 04:42 PM

I was watching Fox Business News in the past hour and they were talking about all the GM recalls and they said the recalls MAY being down GM as a whole and it may force another company such as Ford or even Toyota to step in and FORCE a takeover of GM which includes Chevrolet!

They said the GM name was already tainted because of the bailout and now with all the recalls that GM could fold and not be able to stand on its own any longer!....

Im not trying to start any BS just relaying what I watched on Fox Business News.

Jesus Christ...who in the hell would take over GM and if something like that happened it pray it wouldnt be Toyota...I would have to puke

Jims Mongoose · 05-16-2014, 04:48 PM

I've heard all the recall stuff, but not that yet.

It seems people the media in particular want to kill GM, toyota has had a good share of recalls and some pretty dangerous ones. No where near the hoop laa on those.

Gm made alot of money last year and i doubt that it will be killed by this.

Much of the recalls are not significant safety issues on the Newer Models. Its more older models and a debate as to whether GM Did not come forward fast enough.

Long Live the Camaro
and not a Toyota Camaro, Oh my God

Jim

Muscle Car Memories · 05-16-2014, 04:57 PM

Quote:

Originally Posted by Jims Mongoose

I've heard all the recall stuff, but not that yet.

It seems people the media in particular want to kill GM, toyota has had a good share of recalls and some pretty dangerous ones. No where near the hoop laa on those.

Gm made alot of money last year and i doubt that it will be killed by this.

Much of the recalls are not significant safety issues on the Newer Models. Its more older models and a debate as to whether GM Did not come forward fast enough.

Long Live the Camaro
and not a Toyota Camaro, Oh my God

Jim

I would absolutely croak if GM was taken over by Toyota. The only "new" Chevy with any recall issues is the 2014 pickups but the recalls are mostly on the older Chevy's and Toyota is the recall KING of all of them...

GbrilliantQ · 05-16-2014, 05:28 PM

I disregard anything fox news says . Btw I believe this forum has more members than fox business has viewers.

From my Note3

*DGthe3* · 05-16-2014, 05:45 PM

Without seeing the segment, I can't really comment but ...

The idea makes no sense what so ever. Odds are some talking head (or their writer) is misinterpreting the words of some other analyst, either out of ignorance of the subject matter or through intentional misdirection. The former is probably the case if it's a 'news' show, the latter if was an 'opinion' show. Either way, I wouldn't give it much credibility.

Muscle Car Memories · 05-16-2014, 05:47 PM

Quote:

Originally Posted by DGthe3

Without seeing the segment, I can't really comment but ...

The idea makes no sense what so ever. Odds are some talking head (or their writer) is misinterpreting the words of some other analyst, either out of ignorance of the subject matter or through intentional misdirection. The former is probably the case if it's a 'news' show, the latter if was an 'opinion' show. Either way, I wouldn't give it much credibility.

I personally think its the newscaster and who he has on there to interviews opinion...I will have to see it happen to beleive it...

*Camaro_Corvette* · 05-16-2014, 05:47 PM

Ridiculous

ChrisBlair · 05-16-2014, 05:47 PM

Deep breath, people!

Number 3 · 05-16-2014, 06:27 PM

People have been wanting to bash GM for a lonngggggggg time. Chrysler was always the "underdog". Ford, well Ford is a family business. GM? Well that's a giant corporation. It's been that way as long as I can remember.

Realistically, this will be very damaging. But the indicator is the stock. It hasn't plummeted of really dropped for that matter.

And the take over? Oh that would be China.

But as long as GM is paying it's bills and making a profit no one can force anything. GM is no longer owned by the US or Canadian governments. So the free market will determine what happens.

Keep in mind people, and I've seen the data, there are a LOT of people in this country that don't know Chevrolet makes cars. They see Chevrolet as a truck maker and no more. So until the Silverado/Tahoe/Suburban are hit by this there will be little impact. And as far as I can tell from the sales numbers, C7 is selling. No rebates. Camaro now 5 years old only has a few thousand on the hood.

This is sensationalistic journalism.

Did I say China?

2010SLVRBULIT · 05-16-2014, 06:31 PM

I've not heard of a takeover, but instead recalls may now include older(non-14) vettes for electrical/lamp concerns.

tw78911sc · 05-16-2014, 07:32 PM

issue isn't the recalls, it is the corporate coverup and lying to the government, it cost Toyota $1 Billion, they expect this to be worse, then your new CEO steps in and claims stupidity, not a easy sell. I hear them saying they may need to spin off Buick (China loves that brand) and roll Chevy/GMC trucks into one

Steve Dallas · 05-16-2014, 07:44 PM

I saw various segments yesterday and today on various news channels, and all they were saying is that for this first quarter, there was no profit. From what I've seen, GM will survive this fine, and is trying to now be proactive now with any new recalls.

Muscle Car Memories · 05-16-2014, 08:16 PM

Quote:

Originally Posted by tw78911sc

issue isn't the recalls, it is the corporate coverup and lying to the government, it cost Toyota $1 Billion, they expect this to be worse, then your new CEO steps in and claims stupidity, not a easy sell. I hear them saying they may need to spin off Buick (China loves that brand) and roll Chevy/GMC trucks into one

Your right GM should get rid of Buick and roll GMC and Chevy into one, they are basically the same anyways. So then it would be Chevrolet which can hold its own with anyone and Cadillac which could be a bit shaky...

It would be absolutely terrible if China somehow stepped in and ended up with GM. I would rather see Ford buy them and keep Chevrolet and Cadillac intact and just a division of Ford which could possibly happen.

87GNX · 05-16-2014, 08:21 PM

the way this country is going/headed we might see gm go to a private owner, china is buying up TONS of realestate all over the u.s, so this could be a big opportunity for some.

05-16-2014, 04:42 PM	#1
Muscle Car Memories Drives: 2015 Camaro 1SS,6 Speed,NPP Exhaust Join Date: Dec 2012 Location: Florida Posts: 1,842	Has anyone watched Fox Business News in the past hour? I was watching Fox Business News in the past hour and they were talking about all the GM recalls and they said the recalls MAY being down GM as a whole and it may force another company such as Ford or even Toyota to step in and FORCE a takeover of GM which includes Chevrolet! They said the GM name was already tainted because of the bailout and now with all the recalls that GM could fold and not be able to stand on its own any longer!.... Im not trying to start any BS just relaying what I watched on Fox Business News. Jesus Christ...who in the hell would take over GM and if something like that happened it pray it wouldnt be Toyota...I would have to puke

05-16-2014, 04:48 PM	#2
Jims Mongoose Jim Drives: 2013 Black 2SS 1LE Join Date: Apr 2013 Location: Scottsdale, Arizona Posts: 645 View My Garage	MY 2 cents I've heard all the recall stuff, but not that yet. It seems people the media in particular want to kill GM, toyota has had a good share of recalls and some pretty dangerous ones. No where near the hoop laa on those. Gm made alot of money last year and i doubt that it will be killed by this. Much of the recalls are not significant safety issues on the Newer Models. Its more older models and a debate as to whether GM Did not come forward fast enough. Long Live the Camaro and not a Toyota Camaro, Oh my God Jim __________________ Jim's Mongoose, 2013 1LE with Airraid CAI and PTB, mild to wild switch, and Vitesse throttle controller.400RWHP on Mustang Dyno In Phoenix, AZ on a 75 degree day.

05-16-2014, 05:45 PM	#5
DGthe3 Moderator.ca Drives: 05 Grand Am GT Join Date: Jul 2007 Location: Niagara, Canada Posts: 25,372	Without seeing the segment, I can't really comment but ... The idea makes no sense what so ever. Odds are some talking head (or their writer) is misinterpreting the words of some other analyst, either out of ignorance of the subject matter or through intentional misdirection. The former is probably the case if it's a 'news' show, the latter if was an 'opinion' show. Either way, I wouldn't give it much credibility. __________________ Note, if I've gotten any facts wrong in the above, just ignore any points I made with them __________________ Originally Posted by FbodFather My sister's dentist's brother's cousin's housekeeper's dog-breeder's nephew sells coffee filters to the company that provides coffee to General Motors...... ........and HE WOULD KNOW!!!! __________________ Camaro Fest sub-forum

05-16-2014, 05:47 PM	#7
Camaro_Corvette 36.58625, -121.7568 Drives: Team 1LE Join Date: Mar 2008 Location: Earth Posts: 23,709 View My Garage	Ridiculous __________________ I am seriously never serious vv V vv Next order of business

05-16-2014, 05:47 PM	#8
ChrisBlair Buick 455 Fan Drives: 1970 Buick, 2012 1SS LS3 Join Date: Jun 2010 Location: Boston MA Posts: 5,957	Deep breath, people! __________________

05-16-2014, 05:28 PM	#4
GbrilliantQ ¡ʇuɐıןןıɹq Drives: 2011 Camaro IOM 2SS/RS Join Date: Dec 2010 Location: Decatur, Illinois Posts: 2,600	I disregard anything fox news says . Btw I believe this forum has more members than fox business has viewers. From my Note3

05-16-2014, 06:27 PM	#9
Number 3 Hail to the King baby! Drives: '19 XT4 2.0T & '22 VW Atlas 2.0T Join Date: Dec 2008 Location: Illinois Posts: 12,172 View My Garage	People have been wanting to bash GM for a lonngggggggg time. Chrysler was always the "underdog". Ford, well Ford is a family business. GM? Well that's a giant corporation. It's been that way as long as I can remember. Realistically, this will be very damaging. But the indicator is the stock. It hasn't plummeted of really dropped for that matter. And the take over? Oh that would be China. But as long as GM is paying it's bills and making a profit no one can force anything. GM is no longer owned by the US or Canadian governments. So the free market will determine what happens. Keep in mind people, and I've seen the data, there are a LOT of people in this country that don't know Chevrolet makes cars. They see Chevrolet as a truck maker and no more. So until the Silverado/Tahoe/Suburban are hit by this there will be little impact. And as far as I can tell from the sales numbers, C7 is selling. No rebates. Camaro now 5 years old only has a few thousand on the hood. This is sensationalistic journalism. Did I say China? __________________ "Speed, it seems to me, provides the one genuinely modern pleasure." - Aldous Huxley

05-16-2014, 06:31 PM	#10
2010SLVRBULIT Drives: G5(LLT) & C6(LS3) Join Date: Apr 2009 Location: MARS Posts: 7,527 View My Garage	I've not heard of a takeover, but instead recalls may now include older(non-14) vettes for electrical/lamp concerns.

05-16-2014, 07:32 PM	#11
tw78911sc Drives: 14 1SS Camaro 1LE, NPP, Recaros Join Date: Nov 2013 Location: NC Posts: 819	issue isn't the recalls, it is the corporate coverup and lying to the government, it cost Toyota $1 Billion, they expect this to be worse, then your new CEO steps in and claims stupidity, not a easy sell. I hear them saying they may need to spin off Buick (China loves that brand) and roll Chevy/GMC trucks into one

05-16-2014, 07:44 PM	#12
Steve Dallas Commits weekly crime Drives: 2017 Camaro 1LT Join Date: Nov 2009 Location: Camano Island, WA Posts: 9,513 View My Garage	I saw various segments yesterday and today on various news channels, and all they were saying is that for this first quarter, there was no profit. From what I've seen, GM will survive this fine, and is trying to now be proactive now with any new recalls. __________________ 2017 Camaro 1LT - Blue Barchetta IV I fire up the willing engine, responding with a roar. Tires spitting gravel I commit my weekly crime.

05-16-2014, 08:21 PM	#14
87GNX Drives: Alot Join Date: Mar 2013 Location: Norcalifas Posts: 1,337	the way this country is going/headed we might see gm go to a private owner, china is buying up TONS of realestate all over the u.s, so this could be a big opportunity for some.