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Thread: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

  1. #31
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by ptif219 View Post
    They would not have failed they would have went to a real bankruptcy court not a give all to the unions Obama court.

    Read my link they claim they paid it back but Obama and GM are deceiving and scaming the taxpayers.
    GM would never have recovered without government money. It would have filed bankruptcy, broken up and sold off. Would that have been a good thing or bad thing. I don't know.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by USA_1 View Post
    GM would never have recovered without government money. It would have filed bankruptcy, broken up and sold off. Would that have been a good thing or bad thing. I don't know.
    Which would have given GM/the new owners the chance to severe the tie to the 12 ton wellstone of Union Labor...........

    .....and the chance to return to the business of making cars.....rather than Diamond inlayed Pensions and Gold Plated Benefits.
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by USA_1 View Post
    GM would never have recovered without government money. It would have filed bankruptcy, broken up and sold off. Would that have been a good thing or bad thing. I don't know.
    That is crap and pure speculation on your part. They would have filed bankruptcy and restructured

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by ptif219 View Post
    They would have filed bankruptcy and restructured
    That is crap and pure speculation on your part. Without an influx of a lot money they would have folded. They could not have retooled, updated, reorganized without it. They would have been dead in the water. Their products would have been unsaleable.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by USA_1 View Post
    That is crap and pure speculation on your part. Without an influx of a lot money they would have folded. They could not have retooled, updated, reorganized without it. They would have been dead in the water. Their products would have been unsaleable.
    Actually what you are saying are the words you used above. Most companies that go into chapter restructure and come out agin. Look at the airline industry for examples. Where do you think the supply would come from if not GM factories. To say otherwise just proves a lack of understanding ( no offense) of how business works in America. This is most helpful to the administration that would glories in suckering the public with dire pronouncements.

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by washunut View Post
    Actually what you are saying are the words you used above. Most companies that go into chapter restructure and come out agin. Look at the airline industry for examples. Where do you think the supply would come from if not GM factories. To say otherwise just proves a lack of understanding ( no offense) of how business works in America. This is most helpful to the administration that would glories in suckering the public with dire pronouncements.
    The capacity to build cars is much greater than the demand. Ford, Toyota, Honda, Nissan. Hyundai, Kia would have easily picked up the slack had GM went under. I do not believe GM would have survived bankruptcy and reorganization.
    I do know how business works. GM would not have been the first automaker to cease to exist, there are dozens of them, airlines too. Their problems ran too deep to successfully come out of bankruptcy. They would have been broken up, sold off and liquidated. Without government money they could not compete with Ford. Toyota, Honda or any of the other carmakers.
    There are too many automakers and the elimination of GM may have been a good thing in the long run.
    Another gas crisis and all the automakers may be in trouble once again. GM surely would have been toast next gas crisis.
    Last edited by USA_1; 02-27-11 at 11:16 AM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by USA_1 View Post
    The capacity to build cars is much greater than the demand. Ford, Toyota, Honda, Nissan. Hyundai, Kia would have easily picked up the slack had GM went under. I do not believe GM would have survived bankruptcy and reorganization.
    I do know how business works. GM would not have been the first automaker to cease to exist, there are dozens of them, airlines too. Their problems ran too deep to successfully come out of bankruptcy. They would have been broken up, sold off and liquidated. Without government money they could not compete with Ford. Toyota, Honda or any of the other carmakers.
    There are too many automakers and the elimination of GM may have been a good thing in the long run.
    Another gas crisis and all the automakers may be in trouble once again. GM surely would have been toast next gas crisis.
    No offense but based on your response I do not think you understand modern business.

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by washunut View Post
    No offense but based on your response I do not think you understand modern business.
    I have a business degree and I honestly do not believe GM would have survived filing bankruptcy without the infusion of money. You do know there is overcapacity in the auto industry, don't you. Some automakers had to cut production in order to remain profitable. There are too many automakers and GM could not have competed after reorganization. GM may not even survive now but they really had no chance without government help.
    You do know the automobile industry is still not out of the woods. Another recession brought on by high gas prices could hurt them once again. Without the bailout there is no way GM could survive another recession.
    What you seem to ignore is the fact that demand for autos is far below production capacity.

    Where do you think GM would be right now facing high gas prices and another recession without the bailout?
    Last edited by USA_1; 02-27-11 at 12:26 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by USA_1 View Post
    I have a business degree and I honestly do not believe GM would have survived filing bankruptcy without the infusion of money. You do know there is overcapacity in the auto industry, don't you. Some automakers had to cut production in order to remain profitable. There are too many automakers and GM could not have competed after reorganization. GM may not even survive now but they really had no chance without government help.
    You do know the automobile industry is still not out of the woods. Another recession brought on by high gas prices could hurt them once again. Without the bailout there is no way GM could survive another recession.
    What you seem to ignore is the fact that demand for autos is far below production capacity.

    Where do you think GM would be right now facing high gas prices and another recession without the bailout?
    There is overcapacity in most industries. Capacity utilization is around 80% in the U.S. That is different than saying that industrives cannot survive or even thive. A company going into reorg gets the chance to undo their mistakes. My sense is that the company, GM would be in BETTER shape if they can gone through reorg versus the bailout. Under bailout they had to make decisions that may be good politically but not good for the company and the workers to have long term sucess.

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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by washunut View Post
    There is overcapacity in most industries. Capacity utilization is around 80% in the U.S. That is different than saying that industrives cannot survive or even thive. A company going into reorg gets the chance to undo their mistakes. My sense is that the company, GM would be in BETTER shape if they can gone through reorg versus the bailout. Under bailout they had to make decisions that may be good politically but not good for the company and the workers to have long term sucess.
    Are you sure you understand modern business?
    Here is one viewpoint. I guess they don't understand business either.
    http://money.cnn.com/2008/11/13/news...ptcy/index.htm
    Last edited by USA_1; 02-27-11 at 12:59 PM.
    "This Administration will constantly strive to promote an ownership society in America. We want more people owning their own home. It is in our national interest that more people own their own home. After all, if you own your own home, you have a vital stake in the future of our country."" GWB

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