GM stock to go to zero!

[Squisher]

Originally posted by: Bignate603
The thing is that this is a self fulfilling prediction. Enough people saying that their stock is worthless will make the stock worthless.

And, you can double the impact on car buyers. Who is going to buy a car if they know the company won't be around in a year, 5 years, or 10 years down the road.

Originally posted by: Overgloc
One word,Union

Here is another word. Simpleton.

 

[91TTZ]

Originally posted by: Kroze
also blame the guy who decide to put fuel efficient cars on the back burner and build gas guzzling suv, trucks, and hummer LOL. I guess now they know it's a huge mistake bit it's too late.

This really has nothing to do with it. The gas-guzzling SUVs were profitable for the company to sell.

Even with the company selling vehicles, they have to much overhead that they're losing about a billion dollars a month.

 

[Budmantom]

Originally posted by: Overgloc
One word,Union

The big three have a handicap when it comes to competing with the Japanese car makers and it's the unions and the legacy costs, if they could get rid of them they would be profitable again.

The Dem's run the unions or do the unions run the Dem's(?) and they wont let the big 3 separate from one another, thats why the Dem's are backing the bailout (of the unions), if they go bankrupt they may be able to get rid of the unions and legacy costs and they will be profitable again.

In my opinion the only way for the automakers to become profitable again is to go bankrupt, restructure and they can and will be competitive with the foreign automakers.

 

[PingSpike]

Originally posted by: slag

Originally posted by: GTaudiophile
Too bad. According to last night's TOP GEAR episode they're finally starting to make good cars.

Too little too late.

I wouldn't rely too much on top gear giving us the status of a carmaker.

I think GM has made great cars since at least 1997 when I bought my supercharged GTP. Great car, decent mileage, very very comfortable, stylish, and a plain joy to drive. Ultra dependable also.

I don't know when GM started getting better, but it wasn't 1997 if my parent's 98 chevy malibu was any indication. That thing was a pile, easily the worst GM vehicle my parents had.