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GM News, New Models and Market Share

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#1965 of 8265 Re: Jim Kramer take [62vetteefp] by steve_ HOST Nov 11, 2008 (3:34 pm)
Replying to: 62vetteefp (Nov 11, 2008 3:32 pm) Does Cramer say anything at less that 110 decibels? I'd hate to blow out my speakers by opening that link. Replies to this message: xrunner2 (Nov 12, 2008 8:07 am)
#1966 of 8265 Re: Jim Kramer take [62vetteefp] by cooterbfd Nov 11, 2008 (4:58 pm)
Replying to: 62vetteefp (Nov 11, 2008 3:32 pm) Amazing........... All you yahoo's out there rooting for GM and Ford's bankruptcy should listen to that 10 min audio. He only said it once, choosing instead to emphasize the 3 million job losses, but if GM files, banks can kiss goodbye $68 BILLION that GM has in debt. Think about it....... Even if the courts nullify UAW contracts, I would imagine they would still have to pay their salaries FIRST and foremost, as they put the cars together that would be sold to generate any revenue to pay any debt. I assume that the banks would be told to wait.....   Now, if GM closes it's doors, kiss that $68 Billion AND the jobs altogether. I can only imagine what Ford owes on top of this. Replies to this message: fezo (Nov 11, 2008 5:03 pm) cooterbfd (Nov 11, 2008 5:19 pm) steve_ (Nov 11, 2008 5:23 pm) nippononly (Nov 11, 2008 11:58 pm)
#1967 of 8265 Re: Jim Kramer take [cooterbfd] by fezo Nov 11, 2008 (5:03 pm)
Replying to: cooterbfd (Nov 11, 2008 4:58 pm) That's a new one to me. Get yourself so deeply in debt that it becomes impossible to fail?   They have to pay debts first. Figure out things would logically work and then do just the opposite. That's about how it works.   If you think bankruptcy works to take care of the folks most invested in it you need only look to Kmart. They declared bankruptcy, turned all Kmart stock into toilet paper and then the moment they were out of Chapter 11 bought Sears. Replies to this message: cooterbfd (Nov 11, 2008 5:19 pm) steve_ (Nov 11, 2008 5:23 pm)
#1968 of 8265 .At GM,it's not as bad as they claim by toyot4life Nov 11, 2008 (5:14 pm)
I find it hard to believe that GM is at the brink of brankruptcy,i know things are bad but come on! i think they are crying wolf just to get a hand out. remember ,the fundamentals of the economy are STRONG, and Americans are just a nation of whiners,bailout or not,GM will still be around. Replies to this message: cooterbfd (Nov 11, 2008 5:21 pm) vanman1 (Nov 11, 2008 5:27 pm) fezo (Nov 11, 2008 7:02 pm) vanman1 (Nov 11, 2008 7:12 pm) and 1 more...
#1969 of 8265 Re: Jim Kramer take [fezo] by cooterbfd Nov 11, 2008 (5:19 pm)
Replying to: fezo (Nov 11, 2008 5:03 pm) Well, according to him, and the pundits GM's stock is already toilet paper. I would imagine that under normal circumstances GM would be able to refinance that debt, and stretch it out a little longer. But nobody can lend GM the money. If that figure is right that is 10% of the total bailout.
#1970 of 8265 Re: .At GM,it's not as bad as they claim [toyot4life] by cooterbfd Nov 11, 2008 (5:21 pm)
Replying to: toyot4life (Nov 11, 2008 5:14 pm) "............ remember ,the fundamentals of the economy are STRONG,"   Who are you, Mitt Romney????
#1971 of 8265 Re: Jim Kramer take [62vetteefp] by vanman1 Nov 11, 2008 (5:22 pm)
Replying to: 62vetteefp (Nov 11, 2008 3:32 pm) For once Kramer is right.   Most people do not realize how much of a disaster letting GM Ford and Chrysler die would be. It would be far far worse than anything the Taliban or Osama could do to the U.S.   As for advertising.. you can't sell cars with out it. People who don't understand need a lesson in marketing 101.
#1972 of 8265 Re: Jim Kramer take [fezo] by steve_ HOST Nov 11, 2008 (5:23 pm)
Replying to: fezo (Nov 11, 2008 5:03 pm) Get yourself so deeply in debt that it becomes impossible to fail   There's an old saw - borrow a little and you owe your soul to the bank. Borrow a lot and you own the bank.
#1973 of 8265 Re: .At GM,it's not as bad as they claim [toyot4life] by vanman1 Nov 11, 2008 (5:27 pm)
Replying to: toyot4life (Nov 11, 2008 5:14 pm) You may be right. GM has very strong car businesses over seas. Even here in Canada, GM is in far better shape, sales were only down around 6% last month and aren't that bad for 2008 so far.   The U.S. is a complete disaster though and it's mostly due to the credit crunch in my opinion. If you can't borrow anymore, how can you buy a car. Even the Japanese car makers are down 25-30%. Replies to this message: fezo (Nov 11, 2008 7:02 pm) vanman1 (Nov 11, 2008 7:12 pm) tlong (Nov 11, 2008 9:25 pm)
#1974 of 8265 Re: .At GM,it's not as bad as they claim [vanman1] by fezo Nov 11, 2008 (7:02 pm)
Replying to: vanman1 (Nov 11, 2008 5:27 pm) The fact that even Honda and Toyota are way down in sales is one of the better arguments for trying to save GM. Were it just a matter of GM's sales being in the tank it would be different.   I'm genuinely of a mixed mind here. It would undoubtedly be a disaster for GM to fail. I get that. The question is more can we prevent the failure by buying them time? I don't know the answer. They'll almost certainly get a bailout package so I guess we will see. The incoming president and both houses of Congress favor the bailout. They either have to convince the incumbent president or hang on for dear life for just over two months. Replies to this message: vanman1 (Nov 11, 2008 7:12 pm) tlong (Nov 11, 2008 9:25 pm)

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