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

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

    GM due to the timing of it entering its trouble would have had a very hard time finding any bankrupcty funding to allow it to operate during bankruptcy. It was at the height of the financial crisis that GM went broke. Funding for profitable business's was hard to get, let alone business's losing billions of dollars. No financial institutions would have poured the billions of dollars into GM at that time. Leaving GM with one option, selling the company to another car company. No european car company would have wanted it, (other then certain parts), no US car maker could afford to. Nor would any Japanese company wanted it. Leaving various Chinese companies as the prime suitors for GM. GM would have been a good catch for SAIC, or Chery, Geely or some of the other Chinese main automakers. But I doubt the US would have allowed GM to be bought by a Chinese company

    So at the time of the GM bankruptcy there would have been 4 options. Dissolving GM, government funded bankrupcty, governemnt funding outside of bankruptcy and selling the company to a chinese firm
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by Lord Tammerlain View Post
    GM due to the timing of it entering its trouble would have had a very hard time finding any bankrupcty funding to allow it to operate during bankruptcy. It was at the height of the financial crisis that GM went broke. Funding for profitable business's was hard to get, let alone business's losing billions of dollars. No financial institutions would have poured the billions of dollars into GM at that time. Leaving GM with one option, selling the company to another car company. No european car company would have wanted it, (other then certain parts), no US car maker could afford to. Nor would any Japanese company wanted it. Leaving various Chinese companies as the prime suitors for GM. GM would have been a good catch for SAIC, or Chery, Geely or some of the other Chinese main automakers. But I doubt the US would have allowed GM to be bought by a Chinese company

    So at the time of the GM bankruptcy there would have been 4 options. Dissolving GM, government funded bankrupcty, governemnt funding outside of bankruptcy and selling the company to a chinese firm
    I agree. I think it would have been almost impossible for GM to survive bankruptcy without government funding.
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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.
    Yes they could have but Obama could not let that happen because the unions would be the big losers.

    So Obama takes over and the unions become the big winner and taxpayers the big losers

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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?
    I don't care I think chapter 11 would have worked. The bail out was not to save GM but was Obama saving the unions.

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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 agree. I think it would have been almost impossible for GM to survive bankruptcy without government funding.
    I don't. This whole GM bailout is a scam and they have not paid the government back and probably never will. The unions win the taxpayers lose

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

    Quote Originally Posted by Badmutha View Post
    Remember......Obama told us that "we would make a profit" from bailing out the UAW Union of Slobs.........the same for TARP.

    .....if you havent received a GM profit sharing check or TARP dividend check yet.....your in for an eternal wait.
    .
    This thread is a pitiful piece of partisan hackery.
    The whole market, and of course the auto stocks, have suffered because of the Libya Oil Price shock.
    So let's blame that on Obama! Yeah!

    GO FOX GOONS GO!

    and btw, without TARP there would be no Banks, No Market, no economy, and No jobs.
    The Car companies and a few million Jobs down the supply and retail chain were saved rather cheaply.
    Last edited by mbig; 02-27-11 at 06:05 PM.
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    Re: GM Falls Below IPO Price as Rising Oil Dims Truck Outlook

    Quote Originally Posted by ptif219 View Post
    I don't. This whole GM bailout is a scam and they have not paid the government back and probably never will. The unions win the taxpayers lose
    Well I disagree. GM would have not been able to get financing after filing for bankrupty. It would have been done. Now if that is a good or bad thing is a different story.
    "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 ptif219 View Post
    I don't care I think chapter 11 would have worked. The bail out was not to save GM but was Obama saving the unions.
    Why would it have worked?
    "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 mbig View Post
    GO FOX GOONS GO!
    LOL!

    the only links pasted in this thread are from businessweek, reuters, cnn, abc, the nyt and forbes

    what are ya lookin at?
    Last edited by The Prof; 02-27-11 at 07:32 PM.

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