GM stock... They need Help!

fastfret7 · 11-10-2008, 03:55 PM

Check this out....

http://news.yahoo.com/s/afp/20081110...sautocompanygm

bigralph · 11-10-2008, 04:00 PM

Right now GM stock at 3.24 :(

*Mr. Wyndham* · 11-10-2008, 04:12 PM

Well...the bank's name suits them well...blowhards.

headpunter · 11-10-2008, 04:13 PM

im already all in on GM so i cant help anymore....

lalometalik · 11-10-2008, 04:25 PM

"a high priority" on helping the auto industry
somewhat comforting

GamerGuyZ28 · 11-10-2008, 04:33 PM

Hey maybe Obama will do some good for the nation. I wasn't sure because he is inexperienced, but maybe he'll do really well

headpunter · 11-10-2008, 04:36 PM

Quote:

Originally Posted by GamerGuyZ28

Hey maybe Obama will do some good for the nation. I wasn't sure because he is inexperienced, but maybe he'll do really well

hey im praying that congress and President elect Obama will get right on this since Bush says he wont....im glad to see they are looking towards help..

kdbolt70 · 11-10-2008, 04:51 PM

I just saw today AIG sucked up Billions and Billions more of the bailout cash to stay afloat. I don't understand why the gov't can't throw GM (and the other US automakers) a bone to keep them around until the $25B grant goes through in 2010. I'd much rather my tax money going to keep GM in the green than pouring it into the AIG bucket.

kanys · 11-10-2008, 05:01 PM

Quote:

Originally Posted by kdbolt70

I'd much rather my tax money going to keep GM in the green than pouring it into the AIG bucket.

, companies like AIG need fundamental change in order to operate more effectively, and so I think the government should not give them the billions they are handing out until AIG changes a lot of stuff. I think Obama will really help the American auto-industry in terms of money (I just hope they last till inaguration!), but I feel they too need to reform their line-ups. I hate to say it but I would love to see GM cut like half of their vehicles from their line-up, and close down a fair number of dealerships (I have heard 25%, but I was thinking more along the lines of 10%, then keep cutting in 10% increments until it starts working out better since one of the appeals of GM is how accessable their dealerships are, so they should still keep a good amount). Well that's my $.02, hang in there GM!

kevin2323 · 11-10-2008, 05:11 PM

im in on gm too cant back out now...

headpunter · 11-10-2008, 05:12 PM

Quote:

Originally Posted by kevin2323

im in on gm too cant back out now...

hold me kevin im scared

lalometalik · 11-10-2008, 05:27 PM

Quote:

Originally Posted by headpunter

hold me kevin im scared

get a room

BowtieGuy · 11-10-2008, 06:33 PM

Quote:

Originally Posted by kanys

, companies like AIG need fundamental change in order to operate more effectively, and so I think the government should not give them the billions they are handing out until AIG changes a lot of stuff. I think Obama will really help the American auto-industry in terms of money (I just hope they last till inaguration!), but I feel they too need to reform their line-ups. I hate to say it but I would love to see GM cut like half of their vehicles from their line-up, and close down a fair number of dealerships (I have heard 25%, but I was thinking more along the lines of 10%, then keep cutting in 10% increments until it starts working out better since one of the appeals of GM is how accessable their dealerships are, so they should still keep a good amount). Well that's my $.02, hang in there GM!

GM can't afford to be cutting dealerships or models. It's too expensive, and not really business smart. You don't get much return on something you don't let develop (new vehicles). It would put the economy in an even worse place if they started doing this. Thousands, tens of thousands of jobs would be lost.

stovt001 · 11-10-2008, 07:28 PM

Quote:

Originally Posted by Dragoneye

Well...the bank's name suits them well...blowhards.

Actually its a valid point. Most bailouts wipe out the shareholders, so it is a practically guaranteed $0 stock value situation. Either the company gets a bailout that wipes out the shareholders, or it goes bankrupt. Given the domino effect, I'd bet money on the former (and, when you think about it, so has everyone who has put down a deposit...)

11-10-2008, 03:55 PM	#1
fastfret7 Drives: 2003 Ford Focus SVT EAP Join Date: Sep 2008 Location: Ashburn,VA Posts: 298	GM stock... They need Help! Check this out.... http://news.yahoo.com/s/afp/20081110...sautocompanygm __________________ Heroes will be remembered, but legends will never die!! -The Sandlot...I know In my garage: 2003 Ford Focus SVT EAP in Infa-red 1 of 101 1970 EL Camino 454 SS w/ 4 speed muncie Red w/ Blk stripes 2010 2SS/RS Camaro w/hurst 6 spd in black on black w/red rally stripes

11-10-2008, 04:12 PM	#3
Mr. Wyndham I used to be Dragoneye... Drives: 2018 ZL1 1LE Join Date: Jan 2007 Location: Buffalo, NY Posts: 31,873 View My Garage	Well...the bank's name suits them well...blowhards. __________________ *"Keep the faith."* - Fbodfather

11-10-2008, 04:13 PM	#4
headpunter Not That sad..considering Drives: Man Join Date: Aug 2007 Location: the part of washington the capital forgot about. Posts: 3,745 View My Garage	im already all in on GM so i cant help anymore.... __________________ Stop Whinging

11-10-2008, 04:25 PM	#5
lalometalik killer bAnana Drives: 1985 z28 Join Date: Sep 2008 Location: Carson, CA Posts: 694	"a high priority" on helping the auto industry somewhat comforting __________________ "Shut your noise tube, Taco Human!"

11-10-2008, 04:33 PM	#6
GamerGuyZ28 5TH GEN BURNOUTS! Drives: 95 Z28, and a 2000 Z28 Join Date: Oct 2008 Location: Toccoa, GA Posts: 130 View My Garage	Hey maybe Obama will do some good for the nation. I wasn't sure because he is inexperienced, but maybe he'll do really well __________________ Life begins at 100 MPH

11-10-2008, 04:00 PM	#2
bigralph Drives: 2001 v6 Camaro Join Date: Dec 2007 Location: Northborough, MA Posts: 267	Right now GM stock at 3.24 :(

11-10-2008, 04:51 PM	#8
kdbolt70 Drives: 2010 Camaro 2SS/RS Join Date: Oct 2008 Location: Haslett, Mi Posts: 1,287 View My Garage	I just saw today AIG sucked up Billions and Billions more of the bailout cash to stay afloat. I don't understand why the gov't can't throw GM (and the other US automakers) a bone to keep them around until the $25B grant goes through in 2010. I'd much rather my tax money going to keep GM in the green than pouring it into the AIG bucket. __________________ 2SS/RS Victory Red M6 w/ Black Rallys #3305 Muffler Delete, Lloyd "SS" Floormats, K&N Aircharger, Skip Shift Eliminator, Blacked Bowties

11-10-2008, 05:11 PM	#10
kevin2323 Drives: challenger Join Date: Jul 2008 Location: miami Posts: 2,338	im in on gm too cant back out now...

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