7998

iTrader: (1)

http://www.washingtonpost.com/wp-dyn...d=sec-business


A little silver lining.

TriShield

"This month", always qualifiers.

7998

iTrader: (1)

Tomatoe-Tomato, Its still good news none the less.

TT632

iTrader: (3)

Just like your comments, always a anti GM qualifier added. Your continuing pessimistic comments and posts with respect to everything GM amaze me, especially considering your a Mod on GM oriented site! If you posted anything that was positive about GM and Chevrolet, more than 10% of the time, I would cash out my retirement and buy a Mercedes.

I think I'll go hop on the Supra site. Comments are the same! and it's interesting to hear the support they give to a company that disolved their favorite product a decade ago.

Bad Blue WS6

iTrader: (41)

Good grief.

Z Fury

iTrader: (1)

Its a "glass half empty/half full" scenario. On one hand, they are doing good enough to not need a handout this month. On the other hand, they needed a lot of money already, and they still haven't established a business model that will allow them to operate without future handouts. Its not a great scenario, but I'll view that with quiet optimism.

TriShield

I like GM cars and have done my part owning them and buying them new my entire driving life. I also don't live in a dream world regarding GM, the reality of how the company is run isn't pretty. It also can't exist as it has and expect to be viable.

All GM is doing with this news is playing a PR game as best they can considering how unpopular continued bailouts are becoming. They will get the money later.

unit213

He's a realist apparently, as am I. Personally, I tend to agree with the majority of TriShield's posts. Sorry that it struck a nerve, but we talk about
real world issues here. It's not a place to blow sunshine up each others asses. We are all pulling for GM. Don't think for a second that we aren't.

Irunelevens

I don't think the country would be right without a C7 (and C8 and C9 and C10), and I would love to be able to have honest and deserved pride in American car companies. So I hope the Big 3 come out of this with a HUGE lesson learned, and turn onto the right track.

Jon5212

iTrader: (2)

^^^ I hope for this as well, but the question remains, have they taken things too far where they can't pull out of it. Sometimes you dig a hole too deep and you can't fill it back in. And at what expense to the tax payers? Personally I voted against all the bailouts, unfortunately my representative didn't listen to my voice or anyone else's.

Jakes Dad

When monthly sales show GM selling 35 to 55% fewer vehicles this year then last. How long do you think it will take before GM, and others, ask for more money?

JD

Sinner

There's no way GM got 2 Billion dollars worth of good PR out of saying no to this month's loan. They should have taken the cash and pulled every stalled and suspended program ahead. It would have served them infinitely more.

Imagine what 2 Billion dollars could do to Cadillac. Or a new Impala to compete with the new Taurus.

kain01

No one should ever take a loan they don't need. If after crunching the numbers and laying off as many people as they have they saw they didn't need the second installment of their 3 part loan, then I applaud them for denying it. They want gov't help about as much as we want them to have it folks, but the reality is they need it, and them going under WILL cost more for us tax payers long term.

As for your Impala, it's coming in 2011 along with the Cruze. Should be unveiled later this year or at next years Detroit Auto Show.

Sinner

Impala got pushed back to 2013. The short wheel base FWD model that's being built at Oshawa in 2011 won't be the Impala.

00FlowCamaro

Agreed with the bailouts. While it seemed like a good idea to the general public to save GM (a company that employs a crapton of people to help save this downward spiral of job losses) but you have to think how they will get out of this mess, they won't. We should have just let them file bankruptcy and they would be rid of the UAW.

If we were here at March 18, 2009 with not giving them a bailout where would they be at? reforming and probably be a ways into it as well. But they are still stuck at the same position they were at when they filed. Its sad to see...

kain01

Yeah I forgot they had to cancel all plans to throw it on the Zeta platform, bah I hate fwd.

95zpro

I agree a PR stunt at best because GM will still need loans in order to survive as long as people aren't buying new cars.

kain01

Yes they will still need money. The first loan they got came in three installments, this was merely the second installment of the first loan, they have another 2B coming, unless they see that they don't need that one as well. Regardless Bush's admin only gave them enough money to pawn them off on Obama, so yes they will need more, Ford and Chrysler will too. Fortunately if they can make it to 2010 when the new UAW contract takes effect they will be able to start competing with Toyota in profits since the UAW is finally stepping up and taking responsibility for some of the benefits they offer the Big 3's employees.