- #939 of 2394
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Re: Bankruptcy and Dealers [imidazol97]
by jayrider
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Apr 23, 2009 (6:23 am)
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Replying to: imidazol97 (Apr 23, 2009 5:44 am)
If GM goes bankrupt everything will be resolved quickly. Other than some dealerships closing everything will look the same to consumers. No big sell off of cars or anything like that. The changes will be swift at the corporate level and the work force will be reorganized. The service and warranty work will continue seamlessly and cars will be on the lots for sale. GM is not Circuit City. This would be a very special bankruptcy -- unprecedented with intense federal oversight. My opinion.
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- #940 of 2394
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Re: Bankruptcy and Dealers [jayrider]
by Mr_Shiftright HOST
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Apr 23, 2009 (7:13 am)
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Replying to: jayrider (Apr 23, 2009 6:23 am)
Probably accurate. This is going to be such a fast bankruptcy that it will be like that old "fastest gun in the West" joke. You won't even see GM's hands move.
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- #941 of 2394
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Re: Bankruptcy and Dealers [Mr_Shiftright]
by fezo
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Apr 23, 2009 (11:46 am)
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Replying to: Mr_Shiftright (Apr 23, 2009 7:13 am)
Ah! So we're talking Gene Wilder here!
Let's have a hand for the Waco Kid....
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- #942 of 2394
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Re: Bankruptcy and Dealers [fezo]
by Mr_Shiftright HOST
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Apr 23, 2009 (11:58 am)
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Replying to: fezo (Apr 23, 2009 11:46 am)
That's right pard' , except in this case the speed of it is not meant for laughs, but rather to keep buyers from freaking out.
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- #943 of 2394
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Chrysler first to fall?
by golic
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Apr 23, 2009 (12:50 pm)
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Looks like we will find out soon ---The Times is reporting that the Obama administration will file to put Chrylser into bankruptcy next week.
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- #944 of 2394
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Re: Chrysler first to fall? [golic]
by Mr_Shiftright HOST
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Apr 23, 2009 (3:12 pm)
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Replying to: golic (Apr 23, 2009 12:50 pm)
Well they're bleeding money so fast it's either that or the whole thing collapses. Despite what the free market utopians might think, having huge industrial and financial institutions crash into a smoldering heap overnight is just not a good idea. It's not the academic economist or think tank pundits who lose their jobs. This is one time I actually believe in the "domino theory".
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- #945 of 2394
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Re: Chrysler first to fall? [golic]
by tidester HOST
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Apr 23, 2009 (3:21 pm)
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Replying to: golic (Apr 23, 2009 12:50 pm)
the Obama administration will file to put Chrylser into bankruptcy
I don't understand why that is the President's decision to make. 
tidester, host
SUVs and Smart Shopper
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- #946 of 2394
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Re: Chrysler first to fall? [tidester]
by Mr_Shiftright HOST
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Apr 23, 2009 (4:32 pm)
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Replying to: tidester (Apr 23, 2009 3:21 pm)
Fiat just said NO to Chrysler BTW.
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- #947 of 2394
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Re: Chrysler first to fall? [tidester]
by golic
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Apr 24, 2009 (4:08 am)
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Replying to: tidester (Apr 23, 2009 3:21 pm)
There are two types of Bankruptcy's. Voluntary - When the Company files on its own. And Involuntary - when a creditor(s) who meet certain thresholds can force a company into Bankruptcy.
My guess is with the money lent by the US Government came with the stipulation that allowed the US to force it into BK if certain covenants were not adhered to or met.
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- #948 of 2394
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Re: Bankruptcy and Dealers [sabre52270]
by joel0622
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Apr 24, 2009 (6:33 am)
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Replying to: sabre52270 (Apr 22, 2009 6:23 am)
Keep Ford out of your BK discussion, when the smoke clears we will be standing tall leading the world market. Allan Mullaley is a genius and his way forward plan is right on schedule.
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