GM to forego $2 bil March loan - Page 2

*GTAHVIT* · 03-12-2009, 12:57 PM

Good news for GM!

A little bit of breathing room.

CWI · 03-12-2009, 01:30 PM

If GM can survive without government help, is this good news for Z28 holdouts? Not trying to hijack threa, just curious what this means to Z28 if GM is able to get out from under government loan restrictions.

*GTAHVIT* · 03-12-2009, 01:31 PM

Quote:

Originally Posted by CWIweldace

If GM can survive without government help, is this good news for Z28 holdouts? Not trying to hijack threa, just curious what this means to Z28 if GM is able to get out from under government loan restrictions.

Probably increases the odds... but by how much?

Rodrunner · 03-12-2009, 01:53 PM

Quote:

Originally Posted by gtahvit

Good news for GM!
A little bit of breathing room.

Yep, three breaths....breathe slowly, gta, breathe slowly.

Seriously, this is surprising, but nonetheless good news for GM. I hope it continues!!!

Baughman · 03-12-2009, 02:02 PM

Quote:

Originally Posted by OUR72GTO

The opposite of a summer swelter.

Haha I love it

UncleBenny · 03-12-2009, 02:03 PM

Quote:

Originally Posted by CWIweldace

If GM can survive without government help, is this good news for Z28 holdouts? Not trying to hijack threa, just curious what this means to Z28 if GM is able to get out from under government loan restrictions.

A Z28 Camaro is the least of their concerns I'm sure, I just want GM to pull through this.

Kyle2k · 03-12-2009, 02:05 PM

Quote:

Originally Posted by Zabo

That, and a Cruze for a small winter beater. I've seen the interiors, and though they are somewhat spartan, they are leaps better than the Caliber that I drove and a rental, and actually liked to an extent. Dare I say it, it's a cute, yet evil looking small car that has potential with TT setup.

C'mon GM, don't let us down. Make the Cruze the new 4 dr Sport Compact wild child to follow up the SS Cobalt. Time to lay down the law on some Lan Evos and Subarus. XD

Twin turbo on a 4?

carfansince73 · 03-12-2009, 02:05 PM

Quote:

Originally Posted by OUR72GTO

The opposite of a summer swelter.

I'll take a summer swelter over a winter beater anyday. That's what A/C is for.

UCF w00t · 03-12-2009, 02:17 PM

Quote:

Originally Posted by carfansince73

I'll take a summer swelter over a winter beater anyday. That's what A/C is for.

Windows down, 70mph, what heat?

Although the remote start is certainly a nice feature on 2LT/2SS auto. Oh well. It can be hell for the first minute or so in August.

Black5thgen · 03-12-2009, 02:18 PM

Good job GM, this news is great to hear. :flag2:

GOLDDOG · 03-12-2009, 03:25 PM

I dont think GM will proceed with the Z28 until the government releases their grip on GM's family jewels As long as GM may need money from them, they will not take a chance on producing a car the government will frown upon.

camaro5 · 03-12-2009, 11:46 PM

Thursday March 12, 5:46 pm ET

By Tom Krisher, AP Auto Writer

GM says it won't need $2B loan installment this month, as cost cuts cool automaker's cash burn

Quote:

DETROIT (AP) -- It's not as good as black ink, but General Motors' news that it doesn't need government loan money this month is a sign that it is finally starting to bring its gargantuan expenses under control.

GM Chief Financial Officer Ray Young said Thursday that the struggling automaker's fortunes have improved to the point that it won't need the $2 billion March installment, despite the request the company made less than a month ago.

http://biz.yahoo.com/ap/090312/gm_bailout.html

*GTAHVIT* · 03-12-2009, 11:48 PM

C5.

Merged ya boss!

camaro5 · 03-12-2009, 11:52 PM

Thank you, G!

I looked and looked - I dunno...

03-12-2009, 12:57 PM	#15
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,441 View My Garage	Good news for GM! A little bit of breathing room. __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

03-12-2009, 01:30 PM	#16
CWI Helping Build America Drives: 2010 2SS/RS,LS3 2013 Duramax 3500HD Join Date: Aug 2008 Location: Freeport LPG Export Posts: 3,836 View My Garage	If GM can survive without government help, is this good news for Z28 holdouts? Not trying to hijack threa, just curious what this means to Z28 if GM is able to get out from under government loan restrictions. __________________ Life's journey is not to arrive at the grave safely in a well preserved body, but rather to skid in sideways, totally worn out, shouting "Holy shit, what a ride!"

03-12-2009, 11:48 PM	#27
GTAHVIT Blessed Drives: 2013 Sonic RS MT Join Date: Dec 2007 Location: Saint Augustine FL Posts: 28,441 View My Garage	C5. Merged ya boss! __________________ Click image to see build thread. PQ - "the love of cars. It's a boys first step toward manhood and a mans last hold on boyhood." Fbodfather - "We do not want to use the Z28 moniker on a car that does not deserve this hallowed name." The_Blur - "Let's not confuse competitors with equals."

03-12-2009, 11:52 PM	#28
camaro5 Drives: X-15 Velocipede Join Date: Mar 2008 Location: SW Florida Posts: 4,630	Thank you, G! I looked and looked - I dunno... __________________ Go from the presence of a foolish man, when thou perceivest not in him the lips of knowledge General Motors ASEP, A.S. Automotive Technology, Telecommunications Specialist, CISCO Network Engineer STANDARD DISCLAIMER camaro5 is furnishing this information "as is". camaro5 does not provide any warranty of the information whatsoever, whether express, implied, or statutory, including, but not limited to, any warranty of merchantability or fitness for a particular purpose or any warranty that the contents of the information will be error-free.

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03-12-2009, 02:18 PM	#24
Black5thgen Account Suspended Drives: 2007 C6 Join Date: Apr 2007 Location: chicago Posts: 2,251 View My Garage	Good job GM, this news is great to hear. :flag2:

03-12-2009, 03:25 PM	#25
GOLDDOG Drives: 2010 2LT/RS & 08 JSB Corvette Join Date: Aug 2008 Location: Indiana Posts: 275	I dont think GM will proceed with the Z28 until the government releases their grip on GM's family jewels As long as GM may need money from them, they will not take a chance on producing a car the government will frown upon.