Is GM going to go under???

Discussion in 'OT Driven' started by WickedLou9, Apr 19, 2005.

  1. WickedLou9

    WickedLou9 Deep cover terrorist gerbil

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    http://story.news.yahoo.com/news?tmpl=story&u=/ap/20050419/ap_on_bi_ge/earns_gm

    [/size]

    1.1 billion. Billion with a B billion.

    Holy shit.
     
  2. MrBonus

    MrBonus Et Tu, Brute?

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    Probably not.
     
  3. WickedLou9

    WickedLou9 Deep cover terrorist gerbil

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    Declare chapter 11?
     
  4. Jake!

    Jake! Guest

    Don't forget fiat!!! that mistake was close to a billion if i remember correctly (which i probably don't)
     
  5. GA400

    GA400 New Member

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    It will probably restructure under bankruptcy. The government will bail them out and then they will be a much better company afterwards.
     
  6. BLoG

    BLoG Scented Meat

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    they won't go under. I hope.
     
  7. Dr. Zoidberg

    Dr. Zoidberg the lovable tramp

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    they just need to kill off a bunch of their retired workers who are leeching off health care
     
  8. Shiva Chaos

    Shiva Chaos i see boobies!

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    i still can't imagine how they're going to afford to launch the solstice...
     
  9. WickedLou9

    WickedLou9 Deep cover terrorist gerbil

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    They really need to start building cars that are worth a shit.

    they have the corvette. Maybe the new GTO.
    Other than that, they have a lineup of cars that can't compete with the rest of the market, even priced at a loss with zero % financing.
     
  10. Junk1

    Junk1 New Member

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    IT's HUMMER time!!!
     
  11. krott5333

    krott5333 Guest

    get rid of everything except chevy, gmc, and cadillac..

    start making some cars that can compete..

    okay what GM car competes with the honda accord? or the camry? the impala? :ugh:
     
  12. Steve Kerr

    Steve Kerr 6 Time NBA Champion OT Supporter

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    We can only hope.
     
  13. 98SHDiamond

    98SHDiamond Active Member

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    Us taxes payers will bail them out. We did with Chrysler two decades ago. We will do it again!:mamoru::beer:
     
  14. Werdness to the Turdness

    Werdness to the Turdness RIP Nigger Jim OT Supporter

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    i think the soltice and the saturn sky will slowly start perceptions turning...they REALLY need to rework their lineup though. the monte carlo, the impala, the grand prix etc are all over priced and inferior. i bought a scion tC last year for 16k...the pontiac g6 is comparable..even looks the same and they stick for over 20k
     
  15. MAD PUNK inDC

    MAD PUNK inDC Sic Semper Tyrannis

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    go under, not likely anytime soon. Re-organise, hopefully. GMs biggest problems hasve been brand dilution, and a failure to make thier bread and butter cars definitive to thier class. Everybody knows the Corvette, and the Cadillacs, but few people have the money to spend on one. Thier everyday cars are dependable, and assembly quality has dramaticly improved, but they are bland and lack style.
     
  16. 6SpeedTA95

    6SpeedTA95 OT Supporter

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    The damn unions are fucking american car makes in the ass.../thread
     
  17. Spanky

    Spanky I has a Orb

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    the first Hummer H3 rolled of the plant floor yesterday. The 06 Monte Carlo and Impala SS's will have a 5.3l v8 but will still be FWD :ugh2:
     
  18. MAD PUNK inDC

    MAD PUNK inDC Sic Semper Tyrannis

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    the insane payouts GM makes to the UAW is only part of a much larger problem.
     
  19. Ty Webb

    Ty Webb You don't have to go to college. This isn't Russia

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    of course it will not go under. Just like Chrysler, the government will pay off all of the debt to keep the company going. They weigh the alternatives. Lose however many job and dump people back into the waiting pool, or pay off the debts of the company holding a large portion of the economy together, and keep things going. They will pay off the debt. Nothing will happen.
     
  20. Tyrexx

    Tyrexx OT Supporter

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    Nissan > Toyota
     
  21. Spanky

    Spanky I has a Orb

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    :hsugh:
     
  22. Thumper

    Thumper OT Supporter

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    2 billion. Hell, they were almost on the hook for the whole damn company.
     
  23. Sonic

    Sonic Live every day to the fullest, for yesterday is go

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    1.55 billion Euros (2 billion dollars)
     
  24. TankRizzo

    TankRizzo Sensational Moderator Super Moderator

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    GM hopefully will cut a LOT of fat in the coming months.
     
  25. GA400

    GA400 New Member

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    The G6 is a decent little car. The Malibu is good quality with a lot of standard features, also available in a Wagon. GM has some nice vehicles in the wings. They just need to get the unionmonkey off their backs so they can build on them.
     

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