MERGED: Has anyone read this (bankruptcy) about GM?

[VICTORY RED 1SS]

Originally Posted by Design1stCode2nd

No. Not unless the warranty was backed by an independent company and major cash was on the hood, like $8k.

Yes. buy more mazdas. cause they are good. they have that noisy engine that doesn't last very long and lots of japanese plastic made from recycled urine sample bottles which gives them their distinctive mazdaroma.
by 8k do you mean 8 kamakazi dollars? is that what you get on the hood of a new ricer?

[VICTORY RED 1SS]

Gm is saved. News at eleven.

[oldbowtie]

Yes.

[playhard67]

yes, I would and AM going to buy my 2010 Camaro 2SS/RS

[Supermans]

Ofcourse we all would, going bankrupt is not he end of the world for GM and the Camaro would still be produced and have a chance of doing very well in this free market.

[Big_Country]

Without a doubt. I wouldn't hesitate for a minute.

[dvnt88]

Originally Posted by VICTORY RED 1SS

Amen brutha. x 1000

+1. ")

[Mike Grasso]

It's all about what we can do to help our country right now and not what we believe is "owed us". Time to step up and bat, been on the bench just watching the game.

So, we just ordered more than 60 cars on our GSA contract and after circulating the emails from Scott Settlemire I was able to convince the Admins to do a little over 90% GM.

Mike

[Mr. Wyndham]

Originally Posted by OldTimer

Did you read yesterday's Wall Street Journal article about the Volt? It is NOT going to do anything but cost GM money. It stated the only reason GM is even building it is to show they are moving towords alternative fueled vehicles. Supposedly someone from GM even said as much that they dont ever expect to make money on it. No one is going to buy it at $40 grand when about all it can do is go to the super market and back. Don't shoot me, I am just paraphrasing what "the article" said. Just doesn't sound like that one car is going to "save" GM.

Not sure what above is your words, or theirs...but 40+miles of all-electric, and 300+miles at 50+mpg...is a little more than the grocery store and back. And at only 10,000 units the first year all those $40,000 cars can easily be sold...ask all the people who buy $60,000 Escalades for themselves...if the car is special enough, it'll sell. But in addition to that, the gov't will be subsidizing them $7,500 per car for the first 250,000 cars.

Originally Posted by OldTimer

Don't blame the economy for any of the big 3's trouble's.

Economy sucks = people don't buy things = big three don't sell cars and were in the middle of an expensive restructuring = big three is HUGE trouble.

Why can we not blame the ecnomy? It has everything to do with their CURRENT situation.

Originally Posted by FenwickHockey65

The 2011 Chevy Cruze is the car that will save GM.

It is supposed to be their first substantially profitable small car...ever. But I'm not sure that one single car, be it Camaro, Volt, or the Cruze can 'save' GM...or else they'd have been saved umpteen times already with their recent releases...

[MrIcky]

Originally Posted by MCPOAJ

http://gmfactsandfiction.com/

Please take some time and fill this out and help gm get this government loan to save them i'm sick and tired of hearing about how gm sucks and imports are better!

I don't quite understand why you're throwing this around here. The people on this site are here because they want a Camaro. I drive a Dodge truck and a Ford Fusion and I'm looking forward to a Camaro. That doesn't mean I don't appreciate foreign cars- I used to own them. I said to myself many years ago that when domestic automakers could match foreign quality- I'd buy domestic. So now I buy domestic.

I don't want GM to fail. However I don't want to give GM money unless serious strings are attached to correct those things that make them unprofitable. I know, you'll say we're not giving GM money, we're making them a loan. As I've posted elsewhere, I think you're delusional if you think that. The history of government loans to companies to prevent bankruptcy is that the government can never call the loan due because the company will just file bankruptcy at that time. So if you want me to both buy a GM AND make them a donation at tax time, I want to make sure they're going to use that money wisely and not just band-aid a sinking ship.

[Design1stCode2nd]

I’d say the current economy is merely the last straw. I don’t see Honda, Toyota, BMW or any other manufacturer close to filing chapter 11. They are all operating in the same economic situation. They don’t have the baggage that GM has but then who is responsible for that baggage in the first place (rhetorical question obviously).

What has brought GM and the rest of the big 3 to this point is years and years of mismanagement and short sightedness. There were a number of years when gas was cheap and profits huge but we all knew that wouldn’t last forever. Same thing with housing. You just knew that was going to pop and people were going to be in trouble. And here we are.

Allowing GM to continue as it is now without a chapter 11 restructuring is folly. We have an opportunity to remake the North American auto sector where the big 3 can be profitable and have a future. It’s time to hit the reset button and start over.

[trm0002]

Originally Posted by Dragoneye

Not sure what above is your words, or theirs...but 40+miles of all-electric, and 300+miles at 50+mpg...is alittle more than the grocery store and back. And at only 10,000 units the first year all those $40,000 cars can easily be sold...ask all the people who buy $60,000 Escalades for themselves...if the car is special enough, it'll sell. But in addition to that, the gov't will be subsidizing them $7,500 per car for the first 250,000 cars.

I doubt that. Once people realize that replacement batteries will cost $3000 at a whack, they'll shy away quickly. How long have you ever had a rechargeable battery last?

Economy sucks = people don't buy things = big three don't sell cars and were in the middle of an expensive restructuring = big three is HUGE trouble.

Why can we not blame the economy? It has everything to do with their CURRENT situation.....

Because GM was losing billions of dollars a quarter BEFORE the economy tanked. "Bailing" them out won't stop the fact that they were already losing money to begin with.

[The_Blur]

Originally Posted by Dragoneye

Not sure what above is your words, or theirs...but 40+miles of all-electric, and 300+miles at 50+mpg...is alittle more than the grocery store and back. And at only 10,000 units the first year all those $40,000 cars can easily be sold...ask all the people who buy $60,000 Escalades for themselves...if the car is special enough, it'll sell. But in addition to that, the gov't will be subsidizing them $7,500 per car for the first 250,000 cars.

Economy sucks = people don't buy things = big three don't sell cars and were in the middle of an expensive restructuring = big three is HUGE trouble.

Why can we not blame the ecnomy? It has everything to do with their CURRENT situation.


It is supposed to be their first substantially profitable small car...ever. But I'm not sure that one single car, be it Camaro, Volt, or the Cruze can 'save' GM...or else they'd have been saved umpteen times already with their recent releases...

[Design1stCode2nd]

Originally Posted by VICTORY RED 1SS

Yes. buy more mazdas. cause they are good. they have that noisy engine that doesn't last very long and lots of japanese plastic made from recycled urine sample bottles which gives them their distinctive mazdaroma.
by 8k do you mean 8 kamakazi dollars? is that what you get on the hood of a new ricer?

Chill man, no reason to go bashing especially since it makes you look like a tool.

Question was would you buy or not. I can’t justify spending $35k for a car from a bankrupt company regardless which one it was. Wouldn’t buy a BMW, Toyota, or whatever if they were bankrupt.

You do know that Ford has controlling shares of Mazda right? And that many of the platforms used by Ford are designed by Mazda. Hell my 92 Escort had a Mazda engine. You also don’t see Mazda going bankrupt do you so obviously they must be doing something right.