GM stock opens up, revving Camaro replaces opening bell

linkwpc · 11-18-2010, 10:41 AM

From Autoblog: http://www.autoblog.com/2010/11/18/g...-opening-bell/

"All of General Motors' top brass were in person on Wall Street this morning to witness the company's return to public life. In fact, GM took over the New York Stock Exchange with a giant banner hung on the outside of the building and the revving engine of a Chevrolet Camaro SS accompanying the traditional morning bell that opens trading at 9:30 AM. Follow the jump to watch a short video of the bell-ringing/engine-revving from the show floor.

As soon as that Camaro came to life, shares of GM jumped up sharply from the initial IPO price of $33. They quickly hit a high of $35.99, fell a bit and are again trending upward at $35.33 at the time of this writing (Follow GM's stock in real time here at Daily Finance). To put that in perspective, GM stock traded for less than a dollar back in 2009 before the company filed for bankruptcy.

What effect does today have on the U.S. government's role in GM's future? For starters, the federal Treasury is selling off more than 400 million shares of GM, reducing its stake in the company from 61 percent to 33 percent. Reports estimate that in order for the government to break even, its remaining shares would have to be sold for an average of around $50.

Given the excitement surrounding today's historic event, which could ultimately turn out to be the largest IPO in history, and the sharp jump in share price this morning, the U.S. government breaking even on the bailing out of General Motors seems more possible today than ever before.

Stay tuned for more updates on the stock's performance throughout the day on our Twitter feed, as well as an end of day report on where it closes."

I love the fact that the camaro rev, and the stock goes up! lol! GO GM!!!!

TommyTSquared · 11-18-2010, 10:45 AM

You're late... on the front page as well!

http://www.camaro5.com/forums/showthread.php?t=116033

edit: You do have a different link though... so not too bad

linkwpc · 11-18-2010, 10:47 AM

lol but mines has a video of camaro reving! lol

TommyTSquared · 11-18-2010, 10:48 AM

Quote:

Originally Posted by linkwpc

lol but mines has a video of camaro reving! lol

Oh.. MAH BADS YO!

cab2g · 11-18-2010, 10:51 AM

I also did a ceremonious engine rev this morning on the way to work. Ok, I was really just having fun accelerating.

snowtrill · 11-18-2010, 10:59 AM

This link is a little better.

ZED SLED · 11-18-2010, 11:03 AM

That didn't sound like stock exhaust. Do you think they voided the warranty on their own car?

2010 Bumblebee · 11-18-2010, 11:08 AM

They should have had a few SS's outside and did some burn outs !

cab2g · 11-18-2010, 11:44 AM

Quote:

Originally Posted by mclark10

That didn't sound like stock exhaust. Do you think they voided the warranty on their own car?

The first part of the sound sounded like a V6. It was quiet. Then the last part, the takeoff sounded more like a V8...

My car sounds louder when I'm in it

Dan@showstopper · 11-18-2010, 12:12 PM

It's kind of funny how the Camaro seems to be used as the halo car for GM these days. I guess you ride the hot hand.

2010 Bumblebee · 11-18-2010, 12:13 PM

Quote:

Originally Posted by cab2g

The first part of the sound sounded like a V6. It was quiet. Then the last part, the takeoff sounded more like a V8...

My car sounds louder when I'm in it

Was it all a recording or computer generated sound? It sounded like some kind of recording... I'm sure you can't hear cars on the outside in the stock exchange. I still think an SS burn out in front of the biulding would have been better !

h2oplay · 11-18-2010, 12:20 PM

I'm not so excited as I was an original stock owner...

GM is a house of cards.......

but the camaro is so hot, I had to have one, it's my last investment in GM for now.

FEARONE · 11-18-2010, 12:25 PM

Nice to see GM proceeding well, especially for the wackos out there that complain when the Gov. step in to help...

cab2g · 11-18-2010, 02:19 PM

Quote:

Originally Posted by Dan@showstopper

It's kind of funny how the Camaro seems to be used as the halo car for GM these days. I guess you ride the hot hand.

Well I would. No offense to anybody but the Camaro is the only Chevy that I'd want to see myself in from a design perspective. The rest are too "conservative" Now Cadillac is another story, there are several models that I'd be happy to drive in.

11-18-2010, 10:41 AM	#1
linkwpc The punching cat Drives: '10 Camaro SS Black W/Hugger&W/IOI Join Date: Nov 2007 Location: Torrance, CA Posts: 4,048 View My Garage	GM stock opens up, revving Camaro replaces opening bell From Autoblog: http://www.autoblog.com/2010/11/18/g...-opening-bell/ "All of General Motors' top brass were in person on Wall Street this morning to witness the company's return to public life. In fact, GM took over the New York Stock Exchange with a giant banner hung on the outside of the building and the revving engine of a Chevrolet Camaro SS accompanying the traditional morning bell that opens trading at 9:30 AM. Follow the jump to watch a short video of the bell-ringing/engine-revving from the show floor. As soon as that Camaro came to life, shares of GM jumped up sharply from the initial IPO price of $33. They quickly hit a high of $35.99, fell a bit and are again trending upward at $35.33 at the time of this writing (Follow GM's stock in real time here at Daily Finance). To put that in perspective, GM stock traded for less than a dollar back in 2009 before the company filed for bankruptcy. What effect does today have on the U.S. government's role in GM's future? For starters, the federal Treasury is selling off more than 400 million shares of GM, reducing its stake in the company from 61 percent to 33 percent. Reports estimate that in order for the government to break even, its remaining shares would have to be sold for an average of around $50. Given the excitement surrounding today's historic event, which could ultimately turn out to be the largest IPO in history, and the sharp jump in share price this morning, the U.S. government breaking even on the bailing out of General Motors seems more possible today than ever before. Stay tuned for more updates on the stock's performance throughout the day on our Twitter feed, as well as an end of day report on where it closes." I love the fact that the camaro rev, and the stock goes up! lol! GO GM!!!! __________________ My car build (COTW 7/23/12) - - - - - - > CLICK HERE! : http://www.camaro5.com/forums/showthread.php?t=80725

11-18-2010, 10:47 AM	#3
linkwpc The punching cat Drives: '10 Camaro SS Black W/Hugger&W/IOI Join Date: Nov 2007 Location: Torrance, CA Posts: 4,048 View My Garage	lol but mines has a video of camaro reving! lol __________________ My car build (COTW 7/23/12) - - - - - - > CLICK HERE! : http://www.camaro5.com/forums/showthread.php?t=80725

11-18-2010, 10:51 AM	#5
cab2g love. my. car. Drives: 2011 2SS/RS Join Date: Jul 2009 Location: Chicago Posts: 3,372 View My Garage	I also did a ceremonious engine rev this morning on the way to work. Ok, I was really just having fun accelerating. __________________

11-18-2010, 11:03 AM	#7
ZED SLED Drives: 2017 Mosaic Bk ZL1 M6 Join Date: Jul 2009 Location: South of Raleigh, NC Posts: 9,615 View My Garage	That didn't sound like stock exhaust. Do you think they voided the warranty on their own car? __________________

11-18-2010, 11:08 AM	#8
2010 Bumblebee Drives: Transformers Edition Camaro 2SS/RS Join Date: Jan 2010 Location: Mass Posts: 1,048 View My Garage	They should have had a few SS's outside and did some burn outs ! __________________ The Yellow Camaro Club http://www.camaro5.com/forums/group.php?groupid=128 Northern Massachusetts & Southern New Hampshire Camaro Club http://www.camaro5.com/forums/group.php?groupid=127 The mother of all supercharger questions thread http://www.camaro5.com/forums/showthread.php?t=77958 My 2010 Camaro Review http://www.camaro5.com/forums/showthread.php?p=2025442#post2025442 2010 Transformer Edition Camaro L99 Auto

11-18-2010, 10:45 AM	#2
TommyTSquared Drives: RSSS Join Date: Dec 2009 Location: DFW Posts: 2,492	You're late... on the front page as well! http://www.camaro5.com/forums/showthread.php?t=116033 edit: You do have a different link though... so not too bad

11-18-2010, 12:12 PM	#10
Dan@showstopper Drives: 2010 Camaro SS Join Date: Feb 2010 Location: Illinois Posts: 499	It's kind of funny how the Camaro seems to be used as the halo car for GM these days. I guess you ride the hot hand.

11-18-2010, 12:20 PM	#12
h2oplay Winners find a way Drives: 2010 2LT/RS M6 Join Date: Jun 2010 Location: NE Ohio Posts: 1,137	I'm not so excited as I was an original stock owner... GM is a house of cards....... but the camaro is so hot, I had to have one, it's my last investment in GM for now.

11-18-2010, 12:25 PM	#13
FEARONE SEMA Vehicle Designer Drives: PT. 3-Camaro's. Sonic-350 H.P. Join Date: Aug 2009 Location: Az. Posts: 110	Nice to see GM proceeding well, especially for the wackos out there that complain when the Gov. step in to help...

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Camaro Product Manager - interview	Moose	5th Gen Camaro SS LS LT General Discussions	11	04-04-2012 07:10 PM
Im sure this has been asked before.. But forgive my innocence :)	gmag21	Suspension / Brakes / Chassis	23	02-21-2010 11:29 PM
Drag Racing Suspension Kits	Info@PeddersUSA.com	Suspension / Chassis / Brakes	25	02-21-2010 09:48 PM
GM memo to dealers	Moose	5th Gen Camaro SS LS LT General Discussions	41	02-04-2010 08:33 PM
Official Camaro Convertible CONCEPT Press Release	Tran	Camaro Convertible Forum	12	11-18-2009 08:05 PM