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12-04-2008, 08:29 AM
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#1 |
           
Drives: fanboys and ass kissers crazy. Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,280
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Pre Packaged Bankruptcy
So apparently, Congress has gone to a few financial experts to get advice on the viability of a pre-arranged Chapter 11 bankruptcy. Ford and GM are starting to warm up to this approach. GM's biggest worry is the belief that nobody will buy from a bankrupt company.
My question is to the 300+ board members who have already put money down on a Camaro..... Would you cancel your purchase if GM goes pre-arranged chapter 11? I sure as heck wouldn't. http://www.bloomberg.com/apps/news?p...1v8&refer=home
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"BBOMG - More than just a car show.... It's an experience!"
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12-04-2008, 08:38 AM
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#2 |
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Not me!
The company will need to tell me I cannot have it because they cannot build it. I know they will get there. The more cancelled the quicker mine will get here! For all you waivering...Cancel now to bump mine up in the line! Look for the plate "CIYA LTR", and that will be me blowing on by ya...
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Update...Build in process, Forged Rods, Pistons and rings, Johnson Lifters, NOVI1500 ECS SC, 13lb boost or more, LS3 Conversion 114/228/241 COMP CAM, Frostbite 4 row Aluminum radiator, 6L80 built, Circle D 6L80 PRO SERIES MULTI 258MM 2D, Stock 3.45 gears, 1-7/8 American Racing Headers w/HF cat, X-Pipe, Lingenfelter dual fuel pump, E-85 flex sensor, ATI super damper pulley, Ported TB, 160 therm, Trans cooler, Pedder's sways/end links/sub frame bushings, BMR trailing arms & toe rods, Coil overs. HP/TQ pending
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12-04-2008, 08:38 AM
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#3 |
 
Drives: Wild Cherry Join Date: Nov 2008
Location: Keller, Texas
Posts: 430
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Thats a good question.......I would have to think about that....
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12-04-2008, 08:40 AM
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#4 |
Drives: 2010 Camaro SS/RS Join Date: Aug 2008
Location: Cincinnati OH
Posts: 1,359
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Yeah, I need to know more about that....
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12-04-2008, 08:44 AM
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#5 |
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36.58625, -121.7568
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That would be like dropping your friend off in the worst part of Detroit, and telling him good luck.
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I am seriously never serious vv V vv Next order of business  |
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12-04-2008, 08:44 AM
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#6 |
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USN CPO
Drives: 08 Titan,2103 Challenger 392 SRT-8 Join Date: Nov 2008
Location: Cherry Point, NC
Posts: 89
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as long as they still make the camaro and i can still buy it i am ok.
Montrose
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2013 Challenger SRT8, Auto, PCP. mods, Diablo Sport Trinity T1000, AAD catch can, Mopar strut brace, MBRP S7102304 cat-back, MM 85mm TB.
08 Titan PRO4X Gray. |
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12-04-2008, 08:45 AM
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#7 |
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come to poppa
Drives: 67RS,09 Harley FLHX Join Date: Jun 2008
Location: Maryland
Posts: 1,100
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My order would stay as is. I would not cancel. Chrysler has already proven that an automotive manufacturing company could go bankrupt and come out of it intact and stronger.
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 Cancelled the 2010 SS/RS (for now) and bought this instead (2009 Harley FLHX) |
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12-04-2008, 08:46 AM
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#8 | |
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Drives: fanboys and ass kissers crazy. Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,280
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Quote:
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"BBOMG - More than just a car show.... It's an experience!"
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12-04-2008, 08:46 AM
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#9 | |
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36.58625, -121.7568
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Quote:
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I am seriously never serious vv V vv Next order of business |
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12-04-2008, 08:47 AM
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#10 |
Drives: 2010 camaro Join Date: Nov 2008
Location: new york
Posts: 5,618
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Does this mean they won't get the loan? Or is this just chatter
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12-04-2008, 08:48 AM
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#11 |
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Moderator
Drives: '99 Camaro SS #1392 Join Date: Jun 2006
Location: Newtown, Pa.
Posts: 3,982
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1. ABSOLUTELY! If I had an existing order, I would NOT cancel. And, I will eagely anticipate buying a Camaro in the future. GM will pull through.
2. Congress. What a bunch of^&%$*'s.  They need to seek experts who can explain how some of these *&^%'s get into Congress in the first place. 3. GM. If the general public would wake up and see the products being offered today, this "stigma" that American cars aren't of a very good quality and dependability, would prove false. I've got my fingers crossed that the Big 3 will pull through this. 
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12-04-2008, 08:48 AM
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#12 | |
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Drives: fanboys and ass kissers crazy. Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,280
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Quote:
__________________
"BBOMG - More than just a car show.... It's an experience!"
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12-04-2008, 08:49 AM
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#13 | |
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Drives: fanboys and ass kissers crazy. Join Date: May 2008
Location: Ottawa, Ontario
Posts: 7,280
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Quote:
__________________
"BBOMG - More than just a car show.... It's an experience!"
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12-04-2008, 08:50 AM
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#14 |
Drives: 2012 Victory Red ZL1 MG9 Join Date: Mar 2008
Location: Texas
Posts: 376
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No canceling for me. It would most likely push all of our orders back considerably as more constraints come into play as some of their suppliers balk. My only concern would be, where does GM go to get replacement vendors and are those parts as good as the original supplier?
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