At least keep the Chevrolet and Pontiac going.

 

be optimistic!
i jus bought gm stock.. LOL!

 

concur....words to live by!!!!

 

I posted this in another thread, but look at the GM balance sheet link.... I think another gov. bail out is going to occur for them.

Just google and find the articles. I doubt the government would let them go completely under becuase of all the jobs they would lose, but I found an accounting statement from June that showed them at about 50-60 BILLION in NEGATIVE equity. How the hell do CEO's keep their jobs running companies into the ground? Oh wait they dont care because if they get fired they still get a fat *** severence package worth more than I'll make my entire life.

http://finance.yahoo.com/q/bs?s=GM

heres their balance sheet. 58 BILLION in the hole. WTF!!! Ford is about 2-3 BILLION in the hole too. The numbers on that sheet are in thousands, so 58 million thousands is 58 billion.

 

well i hope u bought it after the 25% loss it took today...

i was thinking about buying some GM stock cuz i thought they might have hit rock bottom...but damn...they might go under and it might be worth 0...

how many shares did you buy...? a lot of people are bailing the stock market due to te economy and that obama said he is gonna raise the capital gains tax (hopefully he holds that one off)...

look at how cheap some 2005 vettes are right now...lol...they are basically brand new
http://www.autotrader.com/fyc/search...irst_record=26

 

im thinking about buying a few thousand for day trading, but long term i wouldnt waste my money on a company asking for a bail out.

thats some good info. but i still don't think the government will bail them out just because people will be loosing jobs. think about the airline companies that went bankrupt, costing thousands and thousands of jobs.

GM just made one mistake after another. I mean think about all the money they put into R&D for the zr1... did they really expect to sell a ton of supercars? And the camaro, a few years too late, as been said again and again.

 

The government basically has to keep GM from going under. If GM declares bankruptcy, they will lay off a **** ton of people, ******* up the economy even more, and then probably sell off some name brands, then they will have to drastically cut prices in order to get some cash flow in. In the process of all this, the other manufacturers will have to cut prices too to compete, bringing them down too. Basically if GM goes down, they will probably take everyone with them. It wont be hard either considering the current state of all the manufacturers. Im just glad to have job security right now, this market blows dick.

 

i could deal without the camaro but i cant see driving a ford

 

dont worry, ford will follow GM. youll be driving a hyundai.

 

Well, if their vehicles weren't overpriced to begin with, maybe they'd have some cash.

Also, if they weren't 5 years late to the 21st century muscle car war, maybe they'd sell a few Camaros. Then again, if they didn't stop selling the f-body...

 

Man why couldnt it be a nissan lmao

 

Hey don't get too down, it's either going to get better and everything will be fine again or it will go down the tubes altogether and you should start buying guns, you will need them. Either way we will either be driving or shooting, either can be fun.

 

I have hope, the government will bail GM out and they can always sell GMAC.....gas prices are going down as well and the silverado is still the second best selling car in america right behind the ford f-series trucks

 

This sucks, I think I would cry if it comes to this. But it will never happen, they employ too many people, and there are way too many resources that go to them. Remember, its not just the employees at the factories that make the cars, there are the steel companies, parts manufacturers like Dephi, GMAC insurence, millions of pensions and much more. While ****** Toyota sits perfectly while they get subsidies from the Gov. to build their plants, no unions, no pensions, all profit. **** IMPORTS!! Their cheating Americans!! Look it up!!

 

hey, blame the unions for getting prices 5 times what they should be for cars. Why are we paying someone close to 100k a year with benefits to put a ******* bumper on a GMC truck.......think about it!

 

You guys are way late to the inevitable destruction of GM. They sold GMAC a long time ago!



There's really too much for the government to bail out this time. Something's gotta give. And truthfully, the American public has spoken. They don't buy American-branded car (notice I said "American-branded", cause they buy "American-made", they just don't know it). The US auto makers were holding on because of truck/suv sales. Now that that markets in the crapper and GM's behind the curve on what the public want (as usual), they're paying the price.

Ford has always said, "We'll close the doors, the day after GM does." And I have no doubt that's the way it's gonna go.

I hope I'm wrong though, cause dammit, I want one of those black Camaros.

 

This sucks!!:doublepu k

 

That's it almost in a nutshell. Generic products aside, the unions have a big hand in this.

 

GM sell over 10 million cars a year, Toyota sell almost the same right behind them, so the public hasnt spoken, cause everyone still buys GM. Their not number 1 in sales every year for nothing. Toyota makes a $2000 profit on every car they build, Gm doesnt make a profit on any car under $25k, thats why they push to sell their trucks. Why? Cause GM has millions of pensions to pay for, as well as current employees and their benefits. Thats why their in the news all the time about having money problems, its not because of not selling cars, but all the pensions and employees. Now the DEMOCRATS said theyll give them the money only if they control the company...... another example of socialism from the democratic party.

 

^ you realize GM hasnt made a profit in car sales since 2003, and that was only because they sold off discontinued operations, or else they would have been negative since like 2000 or something. The only profits they were making came from GMAC mortgages, and they dont have those anymore. They just have way too many liabilities at this point to turn a profit, regardless of whether or not they have led car sales. And like I said, even if they were to start miraculously making profits, they are 58 Billion in the hole right now. They are going to have to sell off a LOT of assets and probably get help from the GOV in order to fix this, or go under. In other words, The 2011 Camaro will probably be a LS3 powered Toyota..... BTW you can look up all this information yourself, I'm not making it up.