ABC NEWS: "Factories to remain open during the bankruptcy" - Page 2

Vash · 05-31-2009, 10:41 PM

I think it will be a good thing. The cars that don't sell will die off.

It's gonna become more like a make to order biz for new I think. Instead of massive lots of new.

Zabo · 05-31-2009, 11:17 PM

Quote:

Originally Posted by Vash

I think it will be a good thing. The cars that don't sell will die off.

It's gonna become more like a make to order biz for new I think. Instead of massive lots of new.

...could stink of massive price gouging if it does come to that. Recall the dealer-ZOMGIHAETJOO thing when GM/car companies pondered direct sales to the consumer?

Yeah..

bob2the2nd · 05-31-2009, 11:26 PM

did everyone forget GM has already paid off the suppliers for the month of june? as everyone has said its up to the suppliers to keep things going, and I have to assume that the 5 billion GM got last week is going directly to the suppliers to keep the plants up and running. If bankruptcy takes a while i could see an impact maybe in july, but at this point there is no reason to expect the plant not to be open tomorrow.

songsj · 05-31-2009, 11:27 PM

I hate to say it but this still may just be delaying the inevitable. I'm not sure about let's have fewer dealers so we can have more pricing power. As far as I'm concerned their prices are too high already. I know they are addressing their cost structure but if they don't pass it along it will all be for nothing. I'm still not sure these guys get it!!!

PieNsky · 05-31-2009, 11:35 PM

Quote:

Originally Posted by diaboli

the proof is in the pudding.

i have my check from the Credit Union and am prepaired to go on to some other make and model.

but if my Camero comes in,.... Whoo Hoooo!

The proof of the pudding is in the eating.

Cazca · 05-31-2009, 11:36 PM

First post. Long time reader at Camaro5.com
---

GM will not be the company you all remember... the Obama administration will own 70% of this company. Look at any profitable company that the government owns... you can't. The ones they own don't make a profit. I'm looking to own a pony car at the end of 2010. Right now Ford's looking really nice...

Just something to think about. Pontiac, Hummer, SAAB are all brands that won't be produced anymore.

The Obama administration will tell them what cars to produce, and they will get 30-35+ MPG. How can they do this? They will own 70% of the damn company!

GM will not turn a profit and will eventually go completely bankrupt. Crazy stuff...

Bull · 05-31-2009, 11:44 PM

Stinks for the folks who lose their jobs...

Happy for all the Camaro freaks waiting for their cars

Times are tough and it's a different world...I wish the best for everyone. Keep spirits up and we will get through this.

CamaroTransAmFAM · 06-01-2009, 12:34 AM

thats good news im glad 2 hear that GM will continue 2 move foward Im still a GM man 4 life no matter what happens!!!!!!!!!!!!!!!!!!!!

Fandango · 06-01-2009, 12:45 AM

The good news here, GM will shed a ton of debt and bagage of useless brands. Bad news is the human damage such lay-offs. For me, and a few others, I'm glad and saddened by this course GM has had little choice but to go forward with. Why I'm glad? GM is still not owned by the FED. This means less restriction in what they produce and hope for a Z/28 has been risen. It's tough to see this happen, all the lives it will affect, but a stronger more possitive GM will rise from this.

Godspeed to all at GM.

Fandango · 06-01-2009, 12:55 AM

Jesus...

I just notced that 60% of GM will be owned by the FED. Shit!, that's the first loan they have to pay back! All that Bankruptcy talk about not being owned by the fed. Why couldn't the UAW make the concessions needed?

There goes Camaro Z/28 Damn it!!! Damn it all to hell!!!

CWI · 06-01-2009, 02:37 AM

Quote:

Originally Posted by JDBeck23

I really dont care how long the proceedings go, as long as they keep building them!

I didnt know they shut down the corvette plant, but it makes sense, dealers are making crazy deals on corvettes right now, they must be hard to move!

My dealer has a Z06 for 82K that's been sittng there for over 6 months that i know of.

[QUOTE=Cazca;538091]First post. Long time reader at Camaro5.com
---

GM will not be the company you all remember... the Obama administration will own 70% of this company. Look at any profitable company that the government owns... you can't. The ones they own don't make a profit. I'm looking to own a pony car at the end of 2010. Right now Ford's looking really nice...[QUOTE]
Tax payers will own 70%, unfortunately Obama will speak for us. Go get you a Ford, Camaro's looking pretty good to me right now, if they ever put mine on a train.

BTW, welcome to Camaro5 Cazca

Quote:

Originally Posted by Fandango

Jesus...

I just notced that 60% of GM will be owned by the FED. Shit!, that's the first loan they have to pay back! All that Bankruptcy talk about not being owned by the fed. Why couldn't the UAW make the concessions needed?

There goes Camaro Z/28 Damn it!!! Damn it all to hell!!!

70% We will see the Z again

*TAG UR IT* · 06-01-2009, 02:48 AM

Quote:

Originally Posted by Cazca

First post. Long time reader at Camaro5.com
---

GM will not be the company you all remember... the Obama administration will own 70% of this company. Look at any profitable company that the government owns... you can't. The ones they own don't make a profit. I'm looking to own a pony car at the end of 2010. Right now Ford's looking really nice...

Just something to think about. Pontiac, Hummer, SAAB are all brands that won't be produced anymore.

The Obama administration will tell them what cars to produce, and they will get 30-35+ MPG. How can they do this? They will own 70% of the damn company!

GM will not turn a profit and will eventually go completely bankrupt. Crazy stuff...

I agree with you 100%

Let's just pray that this crap works itself out, GM comes back around when the economy does, pays back the gov't and BAM! Tells them to KISS THEIR ASS!

mikenmar · 06-01-2009, 02:50 AM

Quote:

Originally Posted by Cazca

First post. Long time reader at Camaro5.com
---

GM will not be the company you all remember... the Obama administration will own 70% of this company. Look at any profitable company that the government owns... you can't. The ones they own don't make a profit. I'm looking to own a pony car at the end of 2010. Right now Ford's looking really nice...

Just something to think about. Pontiac, Hummer, SAAB are all brands that won't be produced anymore.

The Obama administration will tell them what cars to produce, and they will get 30-35+ MPG. How can they do this? They will own 70% of the damn company!

GM will not turn a profit and will eventually go completely bankrupt. Crazy stuff...

Dude... If the Obama administration hadn't stepped in, GM would already have gone "completely bankrupt" (meaning it would have gone into liquidation already).

The only reason Camaros are still being produced right now (and will continue to be produced) is that the govt gave GM the money it needed to pay suppliers. Otherwise, no parts, and no Camaros.

Something to think about, for those of you taking delivery lately...

camaro5 · 06-01-2009, 02:57 AM

Quote:

Originally Posted by mikenmar

Dude... If the Obama administration hadn't stepped in, GM would already have gone "completely bankrupt" (meaning it would have gone into liquidation already).

The only reason Camaros are still being produced right now (and will continue to be produced) is that the govt gave GM the money it needed to pay suppliers. Otherwise, no parts, and no Camaros.

Something to think about, for those of you taking delivery lately...

.

05-31-2009, 11:26 PM	#17
bob2the2nd Drives: CGM 2LT RS Join Date: Oct 2008 Location: newark, de Posts: 542	did everyone forget GM has already paid off the suppliers for the month of june? as everyone has said its up to the suppliers to keep things going, and I have to assume that the 5 billion GM got last week is going directly to the suppliers to keep the plants up and running. If bankruptcy takes a while i could see an impact maybe in july, but at this point there is no reason to expect the plant not to be open tomorrow. __________________ 2LT CGM auto/sunroof/RS 1100: 11-29-08 6000: 6-29-09 cracked windshield: 7-1-09 1000 miles 7-4-09 windshield replaced: 7-9-09 2000 miles 7-10-09 (yep 2000 miles in 11 days) 3000 miles 7-16-09 4000 miles 7-30-09

06-01-2009, 12:34 AM	#22
CamaroTransAmFAM DIE HARD G.M.FAN 4 LIFE Drives: 99 TransAm WS6,00 TransAm WS6,05GTP Join Date: Nov 2008 Location: The WOODlands,Texas/New Orlean$ Posts: 195 View My Garage	thats good news im glad 2 hear that GM will continue 2 move foward Im still a GM man 4 life no matter what happens!!!!!!!!!!!!!!!!!!!! __________________ #1 DIE HARD GM FAN SSuperior MotorSportz "the SSpirit of Championz,The Attitude of Winnerz,"TEAM FBODY WE LIVE AND BREATHE PERFORMANCE"General Motors 4 Life "CAMARO & TRANS AM RACING ORGANIZATION" THE STREETZ IS A JUNGLE,ONLY 2 BEAST REIGN AS KING:THE PONTIAC TRANS AM WS6/FIREHAWK & CAMARO SS/Z28

06-01-2009, 12:45 AM	#23
Fandango (In Z/28 Therapy) Drives: 2014 SS Camaro (Sookie) Join Date: Mar 2008 Location: Zephyrhills, FL Posts: 466	The good news here, GM will shed a ton of debt and bagage of useless brands. Bad news is the human damage such lay-offs. For me, and a few others, I'm glad and saddened by this course GM has had little choice but to go forward with. Why I'm glad? GM is still not owned by the FED. This means less restriction in what they produce and hope for a Z/28 has been risen. It's tough to see this happen, all the lives it will affect, but a stronger more possitive GM will rise from this. Godspeed to all at GM. __________________ Jesus said to her, “I am the resurrection and the life. He who believes in me will live, even though he dies; and whoever lives and believes in me will never die.”

06-01-2009, 12:55 AM	#24
Fandango (In Z/28 Therapy) Drives: 2014 SS Camaro (Sookie) Join Date: Mar 2008 Location: Zephyrhills, FL Posts: 466	Jesus... I just notced that 60% of GM will be owned by the FED. Shit!, that's the first loan they have to pay back! All that Bankruptcy talk about not being owned by the fed. Why couldn't the UAW make the concessions needed? There goes Camaro Z/28 Damn it!!! Damn it all to hell!!! __________________ Jesus said to her, “I am the resurrection and the life. He who believes in me will live, even though he dies; and whoever lives and believes in me will never die.”

05-31-2009, 10:41 PM	#15
Vash Drives: 00 Blazer Join Date: Aug 2008 Location: Texas Posts: 5,100	I think it will be a good thing. The cars that don't sell will die off. It's gonna become more like a make to order biz for new I think. Instead of massive lots of new.

05-31-2009, 11:27 PM	#18
songsj Drives: 2015 2SS/RS Summit White Join Date: Nov 2008 Location: MPLS Posts: 798	I hate to say it but this still may just be delaying the inevitable. I'm not sure about let's have fewer dealers so we can have more pricing power. As far as I'm concerned their prices are too high already. I know they are addressing their cost structure but if they don't pass it along it will all be for nothing. I'm still not sure these guys get it!!!

05-31-2009, 11:36 PM	#20
Cazca Drives: '07 Dodge Charger Join Date: May 2009 Location: VA Posts: 4	First post. Long time reader at Camaro5.com --- GM will not be the company you all remember... the Obama administration will own 70% of this company. Look at any profitable company that the government owns... you can't. The ones they own don't make a profit. I'm looking to own a pony car at the end of 2010. Right now Ford's looking really nice... Just something to think about. Pontiac, Hummer, SAAB are all brands that won't be produced anymore. The Obama administration will tell them what cars to produce, and they will get 30-35+ MPG. How can they do this? They will own 70% of the damn company! GM will not turn a profit and will eventually go completely bankrupt. Crazy stuff...

05-31-2009, 11:44 PM	#21
Bull Drives: 2010 Camaro 2LT/RS/IBM/Beige Join Date: Apr 2009 Location: Oklahoma Posts: 154	Stinks for the folks who lose their jobs... Happy for all the Camaro freaks waiting for their cars Times are tough and it's a different world...I wish the best for everyone. Keep spirits up and we will get through this.