Chevrolet Corvette Stingray C7 Forum - View Single Post - Are all our GM friends safe from the layoffs?

2010 SS RS · 04-22-2009, 12:42 PM

No I agree with Number 3 on this....All the reports I have seen indicate that cuts will be coming from factory closures as well. Just this week was white collar workers from Detroit. Closings at plants will happen to try to pressure UAW into consolations. I would expect those announcements very soon. As a GM stock and bondholder I am somewhat confused. I have not been sent any kind of a notice on my bonds asking me to convert to stock which is what I thought was the intention. I proudly support GM and its employees. And I would be more than willing to convert my bonds if it were to help the company survive. I actually have purchased more stock in the last 30 days to do my part in showing support and trying to keep the price up. It has not worked mostly because I am not Bill Gates with tens of millions to invest but I am doing my share....lol Glad to hear from Number 3 and know that I am thinking about you and your friends right now.

04-22-2009, 12:42 PM	#9
2010 SS RS Drives: 2010 2SS/RS IBM Black Polished Join Date: Feb 2009 Location: Colorado Posts: 2,106	No I agree with Number 3 on this....All the reports I have seen indicate that cuts will be coming from factory closures as well. Just this week was white collar workers from Detroit. Closings at plants will happen to try to pressure UAW into consolations. I would expect those announcements very soon. As a GM stock and bondholder I am somewhat confused. I have not been sent any kind of a notice on my bonds asking me to convert to stock which is what I thought was the intention. I proudly support GM and its employees. And I would be more than willing to convert my bonds if it were to help the company survive. I actually have purchased more stock in the last 30 days to do my part in showing support and trying to keep the price up. It has not worked mostly because I am not Bill Gates with tens of millions to invest but I am doing my share....lol Glad to hear from Number 3 and know that I am thinking about you and your friends right now. __________________ 418 Stroker, 621RWHP 648 lbs TORQUE Built by Laramie GM Auto Center Tuned by Nick at Mac Autosport. EForce SC, 2 3/4pulley,LPE dual fuel pump, JRE Twin fuel rail upgrade, posi clutch kit, RX oilcatch can and breather, Callies Compstar crankshaft and rods, Racing bearings, CP -13.8 race pistons, steel rings, Comp Cams X6 blower cam, Springs, HD timing chain and tensioner, Doug Thorley Tri Y LT headers, 89.7lb injectors, RPM rollbar, DSS1400 shafts, Simpson 5 pt harness, BMR Toe rods and trailing arms, led lights, RPM input and output shafts