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Automotive News & Views GM News, New Models and Market Share
8565 messages, Last post on Dec 03, 2009 at 10:42 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: cooterbfd (Nov 11, 2008 4:58 pm) 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.
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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. 
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Replying to: fezo (Nov 11, 2008 5:03 pm) |
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Replying to: toyot4life (Nov 11, 2008 5:14 pm) Who are you, Mitt Romney???? |
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Replying to: 62vetteefp (Nov 11, 2008 3:32 pm) 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. |
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Replying to: fezo (Nov 11, 2008 5:03 pm) There's an old saw - borrow a little and you owe your soul to the bank. Borrow a lot and you own the bank. 
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Replying to: toyot4life (Nov 11, 2008 5:14 pm) 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%.
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Replying to: vanman1 (Nov 11, 2008 5:27 pm) 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.
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Replying to: fezo (Nov 11, 2008 7:02 pm) No doubt GM has done a lot of stupid things in the past but in the last few years I have finally seen some decent products. I think they havethe best new product of any of the American makers and competitive with the best of the best. I think if the unions co-operate, GM could be very viable. They have shown they can compete and succeed elsewhere. The perfect storm hit and spiking gas prices, a housing crisis and a credit crunch were not GM's making.
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GM's Wagoner: We need help this year In a Nov. 10 interview with Automotive News Editor David Sedgwick, General Motors CEO Rick Wagoner addressed these questions: • What concessions would he offer in return for aid? • Can GM reduce its monthly cash burn? http://www.autonews.com/ |
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