Quote:
Originally Posted by TAG UR IT
I agree with you 100%
Let's just pray that this crap works itself out, GM comes back around when the economy does, pays back the gov't and BAM! Tells them to KISS THEIR ASS!
|
GM has to turn a profit to pay the gov't back. If the gov't is running GM, it will not turn a profit.
Quote:
Originally Posted by Cazca
First post. Long time reader at Camaro5.com
---
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...
|
Quote:
Tax payers will own 70%, unfortunately Obama will speak for us. Go get you a Ford, Camaro's looking pretty good to me right now, if they ever put mine on a train. BTW, welcome to Camaro5 Cazca
70% We will see the Z again
|
I only say Ford because the politics and how the company is ran actually matters to me when I buy a car. Thanks for the welcome
Quote:
Originally Posted by mikenmar
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...
|
You mean that GM would have failed? Like a company that makes shity decisions in a capitalistic economy...
A company that needs the tax payers dollars to just stay a float should fail, and should file complete bankruptcy. Tis the way of a capitalistic economy! You don't think there wasn't other car companies in America that Ford, GM, and Chrysler beat out a long time ago? Those companies obviously didn't make the right decisions and therefore FAILED. I'm sure people lost their jobs, but that's the way the economy is supposed to work. Now the tax payers own 60-70% of the company. I'm paying for GM to try and make a profit! If I'm paying GM, then I want my damn Camaro for free.
Quote:
Originally Posted by Supermans
Government Motors.. No longer General in my opinion..
http://finance.yahoo.com/news/GM-ban...356.html?.v=34
Wishful thinking..It would have to be a Republican in office who would orchestrate such a move..
Excellent post. I love the Old GM, however this new Government GM does not look promising to me. All I can do is sit back and elect Conservative Republican's into office that do not believe in a large, all powerful, industry owning/buying Government. The Bush administration did help out GM giving them loans which GM was supposed to pay back later on once they made a profit. I wasn't against that.. Now those loans have been erased..poof...in thin air.. Am I not supposed to get mad at that?? |
Gov't Motors it is now. I can't wait till we elect someone who lets the economy shed all these bad companies.
While GM may make excellent cars, their business decisions are obviously sub par.