Quote:
Originally Posted by Cazca
First post. Long time reader at Camaro5.com
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GM will not be the company you all remember... the Obama administration will own 70% of this company. Look at any profitable company that the government owns... you can't. The ones they own don't make a profit. I'm looking to own a pony car at the end of 2010. Right now Ford's looking really nice...
Just something to think about. Pontiac, Hummer, SAAB are all brands that won't be produced anymore.
The Obama administration will tell them what cars to produce, and they will get 30-35+ MPG. How can they do this? They will own 70% of the damn company!
GM will not turn a profit and will eventually go completely bankrupt. Crazy stuff...
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Dude... If the Obama administration hadn't stepped in, GM would already have gone "completely bankrupt" (meaning it would have gone into liquidation already).
The only reason Camaros are still being produced right now (and will continue to be produced) is that the govt gave GM the money it needed to pay suppliers. Otherwise, no parts, and no Camaros.
Something to think about, for those of you taking delivery lately...