Chevrolet Corvette Stingray C7 Forum - View Single Post - GM/Chrysler Dealers getting ready for mother of all legal battles

Steve · 05-08-2009, 06:33 PM

I already made this statement once before, but GM will declare bankruptcy come June 1st (http://www.camaro5.com/forums/showth...983#post451983). And it will be done to position them to shed dealers, legacy cost, renegotiate contracts including supplier and labor, etc.

My big concern is what happens to all of us who preordered cars, with deposits, that are not delivered yet. Example, a dealer is hanging on by their fingernails now and getting news of being dropped by GM pushes them over the edge immediately. Will GM provide us a way to still get our car as a preorder through some other dealer, and at the same agreement we had with the last dealer? How about our deposit, will they compensate us for that due to the fact that it was their move that put the deposit in jeopardy. I love this car. But to tell you the truth, I am remaining patient because I am getting a car with the preorder label, which I feel adds value. If I can't have a preorder car I may drop out of the race.

Don’t get me wrong I believe GM needs to do this, but they need to think about more than just the dealers in this case.

05-08-2009, 06:33 PM	#10
Steve Ancalagon The Black Drives: 2013 Silverado 4X4, 2010 RJT 1SS Join Date: Nov 2008 Location: Upstate - NY Posts: 901	I already made this statement once before, but GM will declare bankruptcy come June 1st (http://www.camaro5.com/forums/showth...983#post451983). And it will be done to position them to shed dealers, legacy cost, renegotiate contracts including supplier and labor, etc. My big concern is what happens to all of us who preordered cars, with deposits, that are not delivered yet. Example, a dealer is hanging on by their fingernails now and getting news of being dropped by GM pushes them over the edge immediately. Will GM provide us a way to still get our car as a preorder through some other dealer, and at the same agreement we had with the last dealer? How about our deposit, will they compensate us for that due to the fact that it was their move that put the deposit in jeopardy. I love this car. But to tell you the truth, I am remaining patient because I am getting a car with the preorder label, which I feel adds value. If I can't have a preorder car I may drop out of the race. Don’t get me wrong I believe GM needs to do this, but they need to think about more than just the dealers in this case.