GM, Ford, Chrysler face bankruptcy

Discussion in 'OT Driven' started by DeleriuM, Oct 11, 2008.

  1. DeleriuM

    DeleriuM New Member

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    Full Article: http://www.bloomberg.com/apps/news?pid=20601087&sid=agqkU7To5lzM&refer=home


    GM has 284,000 employees
    Ford has 87,700
    Chrysler has 132,130


    brace for impact
     
  2. tunes

    tunes OT Supporter

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    so um where are the super cheap trucks?
     
  3. Emanon

    Emanon Active Member

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    First I've heard of this!!!!!! FUCK! :run:

    I wonder how my 401K is doing
     
  4. DeleriuM

    DeleriuM New Member

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    this is gonna cause a massive wave of mortgage and credit card defaults
     
  5. Bzevey

    Bzevey New Member

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    GM and Chrysler are talking Merger :mamoru: they left Ford out in the Dark
     
  6. mystix

    mystix OT Supporter

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    Im surprised they lasted that long. And does your government have enough money to bail them out with the current state of the economy?
     
  7. guest

    guest 

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    lol

    that's what they get for designing and building cars that majority of people don't want like Corvettes.

    Toyota is still at $60/share :bowdown:
     
  8. Cjlhdevil

    Cjlhdevil New Member

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    Does this mean I'll be able to pick up a european ford for 2% of the rrp?
     
  9. DeleriuM

    DeleriuM New Member

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    lol

    you mean, can they go into the fed reserve computer and type 'create $800 zillion'? :mamoru2:
     
  10. DeleriuM

    DeleriuM New Member

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    :rofl: @ av
     
  11. Kokomo

    Kokomo OT Supporter

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    What happens to them if their stock value is 0? bankrupt
     
  12. guest

    guest 

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    some people who don't read my user text think I'm a GM sackrider with a huge GM AV:mamoru:
     
  13. Kokomo

    Kokomo OT Supporter

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    Poor car designs and union costs have killed auto industry
     
  14. Emanon

    Emanon Active Member

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    GM sackrider
     
  15. Keith Moons Liver

    Keith Moons Liver Active Member

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    good. let the free market do its job. shitty companies that makes shitty products deserve to be destroyed and let real companies take over.
     
  16. guest

    guest 

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    oh noes, the new Camaro will save GM :rofl:
     
  17. Anima

    Anima OT Supporter

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    I'm surprised they were able to hang on this long.



    In for cheap liquidation vettes and trucks. :x:
     
  18. popnfresh

    popnfresh Cuddle Bitch

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    just watch the uaw go on strike after hearing this news :rofl:
     
  19. Fase

    Fase Your Face, In A Pickle Jar.

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    This is a reliable news source.
     
  20. Anima

    Anima OT Supporter

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    It's inevitable. Be it a few months, or a few years down the road, they will go bankrupt.
     
  21. tunes

    tunes OT Supporter

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    i will buy a truck if they liquidate that shit.
     
  22. Fase

    Fase Your Face, In A Pickle Jar.

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    I would guess they'll just cut employees in half and stop producing so many cars and stop designing new models so often.
     
  23. Emanon

    Emanon Active Member

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    Wonder how long till Ford joins in. Wouldn't mind trading my 04 F150 for a new Super Duty.
     
  24. guest

    guest 

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    Look at how better Toyota is doing without heavy duty trucks or sports cars.

    I love how OT thinks if a car manufacturer doesn't have a sports car then they are shit, oh the irony:rofl:
     
  25. Anima

    Anima OT Supporter

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    Yeah, I see them possibly doing that in the near future and buying themselves some time, but I still don't have faith that they will hold out in the long run.
     

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