Bankrupt GM and disontinued 2010 Camaro

[Nexus6]

:bangdesk::bangdesk:

[camaro5]

In just 33 days, all this bs will end.

They're coming out the door, or they're not coming out the door.

33 days, just hold on.

There's a lot of money to be made here, in a dead-market recession.

Snifffffff...I can smell them new Camaros now.

[Rockies4]

The government is not going to let GM, Ford, or Chrylser go out of business. That would really have a negative impact on the nation. The Camaro is a money maker and the government knows that. The government needs to sound tough so the American people feel that money is not just thrown out there. I honestly believe if someone started a thread to have all of us buy GM stock that the company would see our support. I throw this idea out to everyone. I just saw the stock price at $2.70. Can't we all buy just 100 shares to show our support?

[OUR72GTO]

Just buy the car !

[mwoodengr]

There is very limited risk that GM declares bankruptcy now due to the domino effect that it would have on everyone upstream of them (suppliers, dealers, etc). If GM was allowed to declare bankruptcy, they would be allowed to stop making payment to suppliers, which would force them to shut down. Those suppliers would cause problems not only for GM for other Domestic auto plants (not just American companies) as suppliers usually sell to different brands. This could possibly lead to another big automaker filing for bankruptcy, and so on. This is often referred to as the “systemic risk” of a failure.

The government knows this and will not let it happen (a similar reasoning was used for bailing out AIG to the toon of $185 BILLON, but with risk was to other insurance and finance companies). The average Joe Honda driver was disgusted by the fact the government was going to loan the US makers money, that they contacted their Congress person and said hell no, so in turn Congress added the "Viability Plan" dead line, which is the March date. It is not believed that GM or Chrysler will have any problems generating a plan that Congress accepts, it just a hoop to jump through.

I really wish that the media would stop using the term bailout, these are very expensive loans that take first priority in repayment (over most other debt and obligations) . The government has been forced to lend money due to the current frozen credit markets. Fact is companies that used to be able to borrow money at 6% are now being forced to be +12% for government money, with lots of strings, due to a lack of available credit.

But enough rambling about business, I want to think about my nice new Camaro that will be coming soon.

[maxdmax]

Originally Posted by Hillbilly

I too would like to get my new car soon but man you guys are so selfish. There is more to life than a new car, what happens to all those peeps if gm closes, they have wives/kids/family and the trickle down affect would be huge. so what if they don't get the Camaro to production. A lot of you guys act like you would have to go out and shoot your self. step back and look at the big picture for a while.

Hay another Hillbilly. I am not the only one. I am alot further east of you, but you have a point on this. A lot of people in our country are going through difficult times. I am concerned for them as well. The odd thing is seeing all this doom and gloom going on with the economy when our economy in East KY is doing so good. Most of my friends are working way too much OT and I just had to add staff at work. If the energy costs rise again this spring and summer it will likely boom big again like it did last year. I wish we could spread it around to others.

[Angrybird 12]

Calm down people, If I remember correctly GM and Chrysler had until the END OF MARCH, to submit thir plans to be viable companies, to show what new products would be brought to market to provide the "Green" agenda with some hope. From what I have seen on Chevy's website the upcoming vehicles do just that. I am confident that in the end GM at least will survive. Chrysler on the other hand is a completly different story.

[spd98]

They will get through this leaner and meaner.

[Ject]

Where at ALL does it state discontinued 2010 Camaro ??

Change the title on this thread because it is HIGHLY incorrect and is just going to cause more Rumors

[Supermans]

How come this thread remains open and this this area of the forum when the one I posted about this exact issue on Feb, 9th (way earlier than this thread was posted btw) gets moved almost immediately to a less populated section of the forum???? Not upset, just wondering why was mine moved in the first place.. Mine should never have been moved and this thread should have been merged into mine. (mine has links to the actual stories too)

http://www.camaro5.com/forums/showthread.php?t=13163

[Number 3]

Mid February is a check in. GM must show progress to get one more payment. By the end of March GM must show viability meaning they can repay the "bailout". At that time if GM can not show they have restructured enough to be viable then the "bailout" can be recalled, which of course would force some drastic action as the money isn't just sitting in a bank.

By the way "bailout" means Loan. Unless anyone at this site thinks you are going to get a "bailot" to buy your new Camaro.

There are a lot of people working very hard right now to make sure this is sucessful. Unfortunately 10,000 salarie employees will be paying the price next

As an employee, I appreciate the support here at Camaro5. Your excitement and enthusiasm helps me a great deal.

[Supermans]

Originally Posted by irpq11

Calm down folks. They are talking about Chapter 11. This would mean that they restructure by force and have to pay the Gov. back first. Before anyone else gets money. They would never allow Chapter 7.

Stop fearmongering.

You'll get your Camaro. Be patient.

Just won't be good for their rating.

Exactly folks, Chapter 11 is not the end all of everything. I was hoping this is what would have happened instead of the bailout in the first place and now we have a bailout that may have been ineffective along with a bankruptcy perhaps in the future being forced by the Government. Before the bailout, the bankruptcy would have allowed GM to dictate what it needed to do for its own restructuring, now that a loan was given, the government will be the ones telling GM what and how to restructure.. This is a bad situation now letting the Government be more in control of things..I know it is much more complex than the way I described it but getting into politics is not my intention here. I don't want to say "I told you so", but "I told you so".

[Max]

um, what next.

[Supermans]

Originally Posted by Max

um, what next.

More Government control and them ordering the auto industry to go against what the majority of consumers really want which is having a cool car...Basically forcing us into buying an electric car and taxing the hell out of our muscle cars, which is doubtful if the current administration and congress had their way would allow to exist in there current form for much longer.. basically the heads of GM would have to bow down to the almighty Government if they would want to keep their jobs. I know I am being facetious, but I wonder if any of these emissions standards would be reduced once global cooling becomes the next science to hit the Al Gore type in Washington.. We would then have to quadruple our methane producing cattle population and make sure cars spew out emissions in groves that are now cleaned in order to reverse the effects of global cooling..

Originally Posted by 383ss

shut the **** up with these stupid ****ing god damn threads.

I'm starting to hate this site


why don't the mods lock/delete all of these IDIOTIC posts.

Take a chill pill and get off the roids..