June 1st deadline for GM?

[RadRacer]

I'm guessing that the bigger problem will be supplier issues due Chrysler bankruptcy and GM shutting down for 9 weeks this summer (in addition to if GM files for bankruptcy). These activities could cause suppliers to shutdown. Even if GM wants to keep building the Camaro if the suppliers are collapsing due to these issues then there maybe serious constraints on getting the Camaro's built over the summer.

I'm not saying for sure this will happen but I think it might be the biggest challenge in the near future for business as usual on the Camaro line.

[levi1922]

GM has done some radical stuff recently, so lets just hope the gov is content with their newest plans

[Riderover40]

Originally Posted by Dragoneye

They'll still be conducting business through the proceedings, if they file. Whether the plants are running or not .......Fiat is going to use the newly-aquired Chrysler as an outlet to sell and build some of it's cars here.

Oh ya ! Fiat will be building cars in the US.....exactly like this Fiat 500 ! Woooo Hoooo !

[siliconewolfgang]

Originally Posted by detroitboy

If GM would give us our cars we could give them some money.

AMEN -- GM thinks "us folks that ordered a Camaro early are SOLD orders (these customers really wanted one because they ordered First) SO they will wait" till we build some for the showrooms which i think is lame.

[levi1922]

if they go bankrupt, i will never hear the end of it from all the people who said i was dumb for ordering a car from a company thats going bankrupt.

[1969to2010]

If it happens from what I have read Chevy Caddy GMC and Buick will be a new company Saturn Hummer and the rest will go into a prolonged bankruptcy and we should be basically ok

[francone13]

I read somewhere that Chevy Caddy and GMC could be in an out of bankruptcy in a matter of 2 weeks....hopefully that is correct!!

Originally Posted by 1969to2010

If it happens from what I have read Chevy Caddy GMC and Buick will be a new company Saturn Hummer and the rest will go into a prolonged bankruptcy and we should be basically ok

[wlknthedog]

There was earlier talk of even dropping the GMC line. That would not make me happy either. If we look forward and take the Chapter 11 for what it is, it is a protection from creditors and a reorganization. This plan has to be approved by a bankruptcy judge.

Looking at Chrysler, most of thier negotiations were completed before the filing I believe. In essence, the largest creditors have the biggest say. GM has already started in this direction by announcing the demise of Pontiac and the options for doing the same to Saturn and Hummer if they are unable to find a buyer. I am not sure how much Sabb they own, but they are looking to de done with it as well.

While any path that is taken is unsure, one has to hope that yes, GM will emerge from bankruptcy a much more viable company. Even a delay in paying some debt will provide them with additional short term capital. With luck they continue to make the Camaro as we all expect it to generate revenue for GM. Chrysler has mentioned that their bankruptcy will be short lived, especially as Fiat picks up 35% of Chrysler. I expect GM's to be a bit longer, but also come out stronger in the end. I too believe bankruptcy is imminent, but also feel it is necessary unless the economy miraculously recovers over night.

[Blue Joe]

Originally Posted by fireresq157

I have 3500 dollars in GM card earnings for the camaro that may go away thanks to Chapter11. The car will be built eventually.

Have you checked to make sure GM will let you use your $3500 on the camaro.They usually set a limit on certain vehicles.

[1969to2010]

Originally Posted by francone13

I read somewhere that Chevy Caddy and GMC could be in an out of bankruptcy in a matter of 2 weeks....hopefully that is correct!!

thats was also part of what i had read,, I dont like gov interaction but maybe GM will be all killer no filler, when done I only hope GM isnt forced to build cars that people dont really want

[1969to2010]

Originally Posted by wlknthedog

There was earlier talk of even dropping the GMC line. That would not make me happy either. If we look forward and take the Chapter 11 for what it is, it is a protection from creditors and a reorganization. This plan has to be approved by a bankruptcy judge.

Looking at Chrysler, most of thier negotiations were completed before the filing I believe. In essence, the largest creditors have the biggest say. GM has already started in this direction by announcing the demise of Pontiac and the options for doing the same to Saturn and Hummer if they are unable to find a buyer. I am not sure how much Sabb they own, but they are looking to de done with it as well.

While any path that is taken is unsure, one has to hope that yes, GM will emerge from bankruptcy a much more viable company. Even a delay in paying some debt will provide them with additional short term capital. With luck they continue to make the Camaro as we all expect it to generate revenue for GM. Chrysler has mentioned that their bankruptcy will be short lived, especially as Fiat picks up 35% of Chrysler. I expect GM's to be a bit longer, but also come out stronger in the end. I too believe bankruptcy is imminent, but also feel it is necessary unless the economy miraculously recovers over night.

Hummer I have heard will be sold off saturn too may survive in some other capacity
the upsetting part to me: why did we dump all that tax payer money into them to only go into bankruptcy anyway,,they sold the bailouts to the american peaople as a way to prevent bankruptcy, the bailouts werent that long ago, it would seem to me that we could have saved a lot of tax payer money just going to chapter 11 in the first place

[CurtG]

Originally Posted by 1969to2010

Hummer I have heard will be sold off saturn too may survive in some other capacity
the upsetting part to me: why did we dump all that tax payer money into them to only go into bankruptcy anyway,,they sold the bailouts to the american peaople as a way to prevent bankruptcy, the bailouts werent that long ago, it would seem to me that we could have saved a lot of tax payer money just going to chapter 11 in the first place

Because that would have been the smart thing to do.

[MNT1094]

Originally Posted by Riderover40

Oh ya ! Fiat will be building cars in the US.....exactly like this Fiat 500 ! Woooo Hoooo !

Thank everyone you know that has bought imports and continues to buy them for our problems in the USA!! When the USA was the strongest the Big Three were the strongest!!

[1969to2010]

I hope people watch closely at whats really happening and not the political spin, we have to wake up before nothing is made here, Fiat buying a stake sucks they arent an american company