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Thread: GM bankruptcy seen as all but inevitable

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    Re: GM bankruptcy seen as all but inevitable

    Quote Originally Posted by Redress View Post
    I dunno. In hindsight that might be the case, but when you are making the money I was making, it's hard to say it's time to leave. Was great too, lots of money coming in, no time to spend it, built a nice savings. With the shortage of workers, factories where doing everything in their power to make workers happy as well then. Not so much now.
    I had my own business for five years, operating in the mortgage industry, collecting data and selling insurance. I have a philosophy degree and a Life and Health Insurance License in North Carolina. I was rolling in dough. Housing market crashed. Business gone. It does teach you to try to think years ahead of yourself. Not out of a sense of paranoia, but in order to try to make the best decisions you are capable of making.
    There is nothing more dangerous to the liberty of Man than a Government or a Religion seizing upon the strings of an overdeveloped herd instinct amongst the people.

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    Re: GM bankruptcy seen as all but inevitable

    Quote Originally Posted by TheNextEra View Post
    Yes, it's All Obama's fault, NONE of it is with the car companies though and how they got in the situation in the first place though right?
    Wrong. Try re-reading post #6. You see that big union is also the problem. And the fact big leftist gov't thinks it can build a better car. They can't even find their a** with both hands. Go figure. But, no really, most of the problem IS BO's fault, not all of it.

    I suppose you'll blame Obama for 9/11 next. That's the next logical step for some radical conservatives.
    A subject for another thread perhaps.

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    Re: GM bankruptcy seen as all but inevitable

    Quote Originally Posted by Redress View Post
    From Reuters dated 5-18 at 6:19 pm EDT

    GM bankruptcy seen as all but inevitable

    The points that caught my eye:



    It really looks like to me that no one that GM needs to have work with them is willing to. The UAW is playing a game of chicken with GM that is going to have a major negative impact. Bondholders I think are hoping for a better deal from bankruptcy court than GM can give them outside it.

    I think it might be time to think about moving out of Michigan, because I think things are going to get really bad here.
    So... all that money to save them merely put off the inevitable by what? 6 months at best?

    No one in my family will buy a GM or Chrysler product now. As long as Ford remains uncontrolled I'll buy Ford, otherwise I'll go Japanese from now on.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: GM bankruptcy seen as all but inevitable

    Quote Originally Posted by Redress View Post
    Link to the story on the hydrogen fuel cells please.
    Department of Energy Proposes Slashing Hydrogen Fuel Cell Budget | GM-VOLT : Chevy Volt Electric Car Site

    Also, as some one who works in the auto industry, GM and Chrysler have the lowest quality standards of the auto makers I have made parts for.
    OK. I have owned many vehicles and drove many other vehicles in my life time. I can say without a doubt, GM produces the best quality vehicles. I have four GM's currently. A 1990 Silverado with 320,000 miles on it. Uses no oil, original tranny. It's the work horse. I have a 1995 Sierra my kids drive, all over hell I might add, a 2003 Cavalier, and a 2009 Silverado three-quarter ton diesel.

    The only other vehicle that lasted a long time I had was a 1972 VW Super-Beetle, it had 270,000 miles on it when I traded it off. Worse thing I ever did.

    Screw Ford. I wouldn't own one.

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    Re: GM bankruptcy seen as all but inevitable

    Quote Originally Posted by DamnYankee View Post
    Screw Ford. I wouldn't own one.
    I thought the same till I bought this little 2007 Focus. It's a good car and I'm lovin it.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: GM bankruptcy seen as all but inevitable

    Quote Originally Posted by MrVicchio View Post
    I thought the same till I bought this little 2007 Focus. It's a good car and I'm lovin it.
    I like the looks of the Focus. What kind of mileage?

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    Re: GM bankruptcy seen as all but inevitable

    Quote Originally Posted by DamnYankee View Post
    I can say without a doubt, GM produces the best quality vehicles.
    If that were REALLY true, then they wouldn't be in the damned mess they are in now.

    And don't give me the bull**** about blaming it all on unions. It was the leadership of GM and the overall POOR quality of their vehicles. The governemnt didn't get involved with them until THEY ASKED for help because they ****ed up.

    You can claim otherwise but the FACTS disprove you.

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    Re: GM bankruptcy seen as all but inevitable

    President Obama did not kill hydrogen fuel cells, they reduced(but not eliminated) the budget for it.



    OK. I have owned many vehicles and drove many other vehicles in my life time. I can say without a doubt, GM produces the best quality vehicles. I have four GM's currently. A 1990 Silverado with 320,000 miles on it. Uses no oil, original tranny. It's the work horse. I have a 1995 Sierra my kids drive, all over hell I might add, a 2003 Cavalier, and a 2009 Silverado three-quarter ton diesel.

    The only other vehicle that lasted a long time I had was a 1972 VW Super-Beetle, it had 270,000 miles on it when I traded it off. Worse thing I ever did.

    Screw Ford. I wouldn't own one.
    I have never worked on Ford parts oddly enough, so cannot comment on their quality standards. The best example of GM/chrysler quality standards in comparison to Toyota(the three I have made parts for), paint standards for GM and Chrysler allow fisheyes(a paint defect, as long as there is 4 fingers of space between them, depending on the surface in question(that is, how visible that part of the surface is). Toyota does not allow fisheyes.

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    Re: GM bankruptcy seen as all but inevitable

    Of all the US car makers, Ford produces great cars.. at least over here. The Fiesta and Focus are relatively big sellers and are good quality and meet the European standards. That means they already have the technology and cars that meet the new US emission standards, since the emission standards are still higher than the European ones.

    GM could use Opel and SAAB technology if they had the brains and balls, but sadly they lack that. It is ironic that GM actually has and uses considerable fuel saving technology and safety technology in its European operations but lacks it in the US market... and has been fighting against lower emission standards while accepting them in Europe.. talk about a dual personality.

    Only Chrysler is lacking but if it gets bought by FIAT then it also has access to the technology needed.
    PeteEU

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    Re: GM bankruptcy seen as all but inevitable

    Quote Originally Posted by TheNextEra View Post
    If that were REALLY true, then they wouldn't be in the damned mess they are in now.

    And don't give me the bull**** about blaming it all on unions. It was the leadership of GM and the overall POOR quality of their vehicles. The governemnt didn't get involved with them until THEY ASKED for help because they ****ed up.

    You can claim otherwise but the FACTS disprove you.
    I guess that explains why in my little county ALL the new car dealerships are closing EXCEPT the GM lot. Such sh*tty product an all.

    It's big gov't, BO-nomics, and big union there, pal. Everything the leftists touch turns to sh*t. Eventually. Like I'm sure the "leadership" will purposely screw over their own company, screw it right out of business. LOL!!!!

    Get real. You leftists take the cake.

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