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Automotive News & Views GM News, New Models and Market Share
8583 messages, Last post on Dec 04, 2009 at 1:09 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: imidazol97 (Dec 02, 2008 1:46 pm) I don't think we have seen anywhere near the whole scope of financial mess we're in. I read CBS Marketwatch, and the people who were predicting this foreclosure mess a year or 2 ago, are saying that this slowdown is going to domino into a commercial property disaster next - malls, restaurants, businesses consolidating, and as people lose jobs you're going to have massive credit card defaults. Watching ABC news tonight, they had an article on the cuts having to be made in 40 states to balance budgets including CA at -$28B. Ohio next year is looking at an $8B budget deficit. And given the bailouts this year the feds at $1,000+B deficit/year is not coming to the rescue! There will be many cuts in the nations largest employer - government. So this is far from over. The economy isn't jumping back to healthy, anytime soon. Things probably are going to get worse for far longer than we've ever experienced. Car sales will be lucky to hold where they are now. |
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Replying to: nippononly (Dec 02, 2008 4:43 pm) The total request is higher than the $10 billion to $12 billion that GM CEO Rick Wagoner requested of lawmakers during congressional hearings two weeks ago. They must have had an early look at the Nov. sales numbers! Frackin unbelievable!
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Replying to: kernick (Dec 02, 2008 4:50 pm) |
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Replying to: nippononly (Dec 02, 2008 4:43 pm) That kind of talk leaves me half tempted to say BRING IT ON BABY! I mean, really, come ON........ In Fords report it says the same thing. If GM goes under Ford will follow suit because of suppliers.
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Replying to: m4d_cow (Nov 30, 2008 10:09 pm) If anything, you have it backwards. The Lambdas are comparable to the Tahoe in size, and the Sub. is far more stable as a towing vehicle, due to the longer wheelbase. |
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Replying to: kernick (Dec 02, 2008 12:46 pm) That's closer to the truth than anyone in Michigan will ever admit! As an former engineer at a major GM supplier I can tell you that GM has 12 months to live IF they get this money. 60 days without it! Time to let nature take it's course. |
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Replying to: 62vetteefp (Dec 02, 2008 5:18 pm) I am proud of you! The problem is this has become a sales pitch for cheap capital on the backs of taxpayers. They can not justify their existence as a profitable entity. While it is partly due to the economic downturn, the decisions in the past 3 -5 years have been nothing short of laughable. Sure it's 20-20 hindsight but even I knew that D3 has been on life support long ago. Who am I? "There isn't a Plan B," said GM Chief Operating Officer Fritz Henderson. "Absent support, frankly, the company just can't fund its operations." It's not going to be the end of the world, just the sad epitaph of a once proud but then ultimately a bloated, mindless and blind industry that past the point of no return long ago. The moral is that although others have done far better as the D3 eroded, the Home Team could not or would not change to the beat the competition. Oh, part of the moral: Don't keep pissing off your customers. and these: * Greed destroys the source of good. ($74/hr. compensation) * Think before you act. (3 private jets to one meeting?? And you make CARS????) * Those who want too much lose everything. (60 nameplates??) Regards, OW |
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Replying to: circlew (Dec 02, 2008 4:42 pm) What bank(s) do you suppose they'll take down with them if they default???
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Replying to: cooterbfd (Dec 02, 2008 5:57 pm)  They are now bullet proof because Uncle Sam will save all financial institutions. Lehman was an "Oops!" Regards, OW
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Replying to: nippononly (Dec 02, 2008 4:43 pm) 40? That's still way too many. 15 would cover the market. *Chevy Aveo (sedan and hatches) Cruze (sedan and coupe), some CUV on this platform Malibu, Equinox Traverse (including Enclave) Impala (aka Holden Commodore), Camaro Corvette *Cadillac CTS (sedan, coupe, wagon- Holden Statesman reskins) SRX- CUV on Statesman platform DTS- long wheelbase CTS *Chevy truck Colorado, Silverado, Suburban, whatever the work van is called Okay, that's sixteen. |
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