GM may file Ch 11, create new company, or needs more aid

[Socio]

It might help if they did not spend a billion of bail out money on shoring up there Brazil plant and just close it instead.

 

[frostedflakes]

Originally posted by: Socio
It might help if they did not spend a billion of bail out money on shoring up there Brazil plant and just close it instead.

The Brazilian factories are some of the most efficient and profitable that GM has. I doubt GM has a single factory right now that is making money, but the Brazilian plants are probably fairing better than most.

 

[Jiggz]

Originally posted by: Leon

So what is their plan, besides asking for more money?

Give us money or we'll go bankrupt!!!
Repeat every 3 months
$$$$

And use the same tactic used by the WH and Capitol Hill about the Spendulous Package, "500 million jobs will be lost every month . .. " and " . . . catastrophic effect and irreversible downturn . . ."

Keep repeating it, " 500 Million jobs . . ." and . . .

 

[palehorse]

Bankruptcy should have been their first and last choice... instead, we, the taxpayers, wasted billions of dollars prolonging the inevitable.

yay.

If our government hands GM (throws away) any more of my fucking money, I may just storm the Capitol myself... :|

 

[Zebo]

At this point everyone knows it's welfare to workers by another name. I don't have a problem with that to give some time and see if they can recover when our economy picks up again.

Chapter 11 will cost the government visa vi paying retirement benefits and medical much much more.

In other words expect bailouts of Big 3 through 2009.

 

[Jaskalas]

Originally posted by: palehorse
Bankruptcy should have been their first and last choice... instead, we, the taxpayers, wasted billions of dollars prolonging the inevitable.

yay.

If our government hands GM (throws away) any more of my fucking money, I may just storm the Capitol myself... :|

Go to your state and other localities and fight for secession instead. You have a far greater chance of influencing 1 state compared to 50 states.

 

[Acanthus]

http://videocafe.crooksandliar...ia/play/wmv/6836/24222

SNL was right!

 

[TheSlamma]

Hopefully the new company will invest in some loctite so their new cars don't rattle to pieces while driving down the road.

 

[Deviant Grasshopper]

Originally posted by: TheSlamma
Hopefully the new company will invest in some loctite so their new cars don't rattle to pieces while driving down the road.

What an asinine response.

 

[Ktulu]

Originally posted by: Deviant Grasshopper

Originally posted by: TheSlamma
Hopefully the new company will invest in some loctite so their new cars don't rattle to pieces while driving down the road.

What an asinine response.

I agree, it's these stupid ass comments that get thrown around that have kept the domestic automakers down. Of the newer domestics owned by my friends and family I can't think of one that rattles any worse than an import, the Civic we have on the other hand is damn near falling apart.

 

[StageLeft]

Originally posted by: Ktulu

Originally posted by: Deviant Grasshopper

Originally posted by: TheSlamma
Hopefully the new company will invest in some loctite so their new cars don't rattle to pieces while driving down the road.

What an asinine response.

I agree, it's these stupid ass comments that get thrown around that have kept the domestic automakers down. Of the newer domestics owned by my friends and family I can't think of one that rattles any worse than an import, the Civic we have on the other hand is damn near falling apart.

Actually it's rattling cars that have them down more than imports. Although they don't rattle as much now, they used to in a big way. This is a lesson in branding and how slowly perceptions change and why the public has been so slow to forgive, but some domestics still do have lower quality.

 

[BoberFett]

Originally posted by: frostedflakes

Originally posted by: Socio
It might help if they did not spend a billion of bail out money on shoring up there Brazil plant and just close it instead.

The Brazilian factories are some of the most efficient and profitable that GM has. I doubt GM has a single factory right now that is making money, but the Brazilian plants are probably fairing better than most.

If my money is bailing them out, why aren't they building those amazing factories here? Why am I bailing out Brazil?

 

[Nemesis 1]

Originally posted by: Colt45
"General Failure" would be fitting.

Excuse me. We bought American for over 40 years . My wife recently bought a Altima. I told here I didn't like buying it. But what the hell I said are comanies are dieing anyway.
So it really doesn't matter. Yes it is nicer than our cars value wise. Most Americans new that along time ago . So they made what they precieved to be the Smart buy. But hindsight . Is easy. Forsight is posterity. So we(my family) now are enjoying that added value . Without having taken part in this . Another prediction fulifilled , Even tho A blind man could have seen this coming in 1977.

 

[Nemesis 1]

You put that Altima next to a 60's car. We take the sixties car any time. All this added BS turned out to be just that BS. Real MPG didn't increase that much . 20mpg was not uncommon. All the electronics BS, All the saftey stuff. I won't touch this one.

It was all BS to inflate cost of transportation. Because They can't stop a cycle . Something they now understand.

 

[BarneyFife]

Originally posted by: halik

Originally posted by: BarneyFife
From what I've heard from someone that works in the white collar non-uaw section, that its business as usual. They aren't cutting expenses. Management gets free company cars with a gas card to take home etc... Chap 11 seems like the only option at this point.

No way,
I'm guessing you've heard that form someone that heard that from someone? My mom collected all corporate amex cards from the execs at Ford's subsidiary two weeks ago. GM is doing the same, including BS like switching from mechanical pencils to regular pens and such.

Ask your mom if they took away gas cards away from people that drive company cars home.

 

[StageLeft]

Originally posted by: BarneyFife

Originally posted by: halik

Originally posted by: BarneyFife
From what I've heard from someone that works in the white collar non-uaw section, that its business as usual. They aren't cutting expenses. Management gets free company cars with a gas card to take home etc... Chap 11 seems like the only option at this point.

No way,
I'm guessing you've heard that form someone that heard that from someone? My mom collected all corporate amex cards from the execs at Ford's subsidiary two weeks ago. GM is doing the same, including BS like switching from mechanical pencils to regular pens and such.

Ask your mom if they took away gas cards away from people that drive company cars home.

What happens if you're laid off and you normally have a company car? I know when some are canned they are escorted out of the building minus all their stuff. Do you get an escort to the bus station, I wonder... because no car is driven harder than a company car by a person just laid off, I bet.

 

[frostedflakes]

Originally posted by: BoberFett

Originally posted by: frostedflakes

Originally posted by: Socio
It might help if they did not spend a billion of bail out money on shoring up there Brazil plant and just close it instead.

The Brazilian factories are some of the most efficient and profitable that GM has. I doubt GM has a single factory right now that is making money, but the Brazilian plants are probably fairing better than most.

If my money is bailing them out, why aren't they building those amazing factories here? Why am I bailing out Brazil?

Because automating factories to that extent is impossible thanks to the UAW.

 

[JSt0rm]

Originally posted by: frostedflakes
Because automating factories to that extent is impossible thanks to the UAW.

Is that true? Think of all the high tech jobs that would be needed to run that thing.

 

[palehorse]

in other news, we now have a bailout "Task Force"... swell.
http://www.iii.co.uk/news/?typ...7171546&action=article

 

[EXman]

Originally posted by: K3N
Nationalize GM under the Defense Production Act! Once it's suffient privatize it.

yea because the Government will piss away even greater sums of money even more efficiently! huh? I can see Yugos on the horizon (wasn't a horizon a POS car too?

 

[Zebo]

Originally posted by: Skoorb

Originally posted by: Ktulu

Originally posted by: Deviant Grasshopper

Originally posted by: TheSlamma
Hopefully the new company will invest in some loctite so their new cars don't rattle to pieces while driving down the road.

What an asinine response.

I agree, it's these stupid ass comments that get thrown around that have kept the domestic automakers down. Of the newer domestics owned by my friends and family I can't think of one that rattles any worse than an import, the Civic we have on the other hand is damn near falling apart.

Actually it's rattling cars that have them down more than imports. Although they don't rattle as much now, they used to in a big way. This is a lesson in branding and how slowly perceptions change and why the public has been so slow to forgive, but some domestics still do have lower quality.

I like to tell my Buick Regal story about this time... Keep in mind I will only Buy American because I like putting food on Americans tables because maybe they will buy something I'm selling one day. With Nationalism in Asia, which I happen to agree with obviously, that's not going to happen for the most part.

I had a $26,000 98 Regal GS with Supercharger it was just an awful car. Fell apart totally before 70,000 miles and sold it for salvage for $900.

All four windows stopped working cables broke or got tangled up
climate control computer need to be replaced twice @ $700 ea
leather fell apart
steering wheel fell apart, leather tore off and foam was chipping away
interior lighting stopped working
oil leaked and burned oil
Interior body panels came off - drivers door, under console
Interior blower went out

at ~70K I sold it for $900 to scrap yard

Basically worst car I ever owned.

It will take a lot to get me back into a Buick

With that said I've had a TownCar after that with 150K no problems before I got current one. And I have a 8 year old F350 with Diesel and 185K no mechanical probs whatsoever but cup holder is broke and map holder on drivers door fell off cause I rested my foot there, no biggies.