JLaudioF150 Posted June 1, 2009 Share Posted June 1, 2009 Link Quote Link to comment Share on other sites More sharing options...
2005Explorer Posted June 1, 2009 Share Posted June 1, 2009 I'd like to know why they didn't do this last December? It seems like all it has been is denial and taxpayers money being wasted. Quote Link to comment Share on other sites More sharing options...
TomServo92 Posted June 1, 2009 Share Posted June 1, 2009 I suppose the money bought them some time to make arrangements and soften the impact. I'm fine with that as long they pay it back with interest. If it turns out to be a freebee then I'll be pretty upset about it. Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted June 1, 2009 Share Posted June 1, 2009 It's a very sad day to see such a great company like GM hit the rocks they have made some absolutely awesome dream cars in the past, lets hope they bounce back and kick Yota's arse as quick as possible. Quote Link to comment Share on other sites More sharing options...
TStag Posted June 1, 2009 Share Posted June 1, 2009 It's a very sad day to see such a great company like GM hit the rocks they have made some absolutely awesome dream cars in the past, lets hope they bounce back and kick Yota's arse as quick as possible. Just waiting for the "TTAC called it". No doubt they will remind every one that they predicted one or two of the big 3 would go in Ch11 Quote Link to comment Share on other sites More sharing options...
jpd80 Posted June 1, 2009 Share Posted June 1, 2009 Just waiting for the "TTAC called it". No doubt they will remind every one that they predicted one or two of the big 3 would go in Ch11 They will have to hack on the Ford bone for another decade, they got that one wrong...... Quote Link to comment Share on other sites More sharing options...
jpd80 Posted June 1, 2009 Share Posted June 1, 2009 (edited) It's a very sad day to see such a great company like GM hit the rocks they have made some absolutely awesome dream cars in the past, lets hope they bounce back and kick Yota's arse as quick as possible. It's not a sad day at all, bankruptcy isn't punishment - it's release from debt!! GM has $82 billion in assets and $180 billion in debts which all get written off in bankruptcy court. The new GM will emerge squeaky clean and free of debt while creditors will pick the bones left behind. Cutting Pontiac, Saab, Hummer and Saturn is only about 15% of GM's monthly sales, they gave up SFA. Edited June 1, 2009 by jpd80 Quote Link to comment Share on other sites More sharing options...
TStag Posted June 1, 2009 Share Posted June 1, 2009 They will have to hack on the Ford bone for another decade, they got that one wrong...... In fairness they always argued that one or two would go in ch11 but not all 3. Ford would I guess be the one that got away...... Quote Link to comment Share on other sites More sharing options...
CivicDuty2007 Posted June 1, 2009 Share Posted June 1, 2009 This doesn't surprise me one bit...... GM has always made junk....plain and simple.....I have owned them in the past and I will never own one again. Same for Chrysler!! Ford and Toyota will always be my choices.......both are quality products, hands down!!! Quote Link to comment Share on other sites More sharing options...
98GMLS Posted June 1, 2009 Share Posted June 1, 2009 The effect of this: GM $ 0.89 +0.14 (+18.27%) 203,697,953 Market Cap. .54 Billion Ford $ 6.09 +0.34 (+5.87%) 57,878,141 Market Cap: 17.49 Billion Quote Link to comment Share on other sites More sharing options...
rmc523 Posted June 1, 2009 Share Posted June 1, 2009 This doesn't surprise me one bit...... GM has always made junk....plain and simple.....I have owned them in the past and I will never own one again. Same for Chrysler!! Ford and Toyota will always be my choices.......both are quality products, hands down!!! Yet your name is the name of a Honda + Ford? Quote Link to comment Share on other sites More sharing options...
rmc523 Posted June 1, 2009 Share Posted June 1, 2009 (edited) Yet your name is the name of a Honda + Ford? Wait, or is that "civic duty" as in "it's a civic duty to vote?" Edited June 1, 2009 by rmc523 Quote Link to comment Share on other sites More sharing options...
CivicDuty2007 Posted June 1, 2009 Share Posted June 1, 2009 Wait, or is that "civic duty" as in "it's a civic duty to vote?" That, plus I used to own a Honda Civic and I like Super Duty Fords. Quote Link to comment Share on other sites More sharing options...
mettech Posted June 1, 2009 Share Posted June 1, 2009 GM New Video about BankrI would bet that GM had this plan for more than 6 months. The $20 billions was just a UAW vote bailout. :reading: A lot of people here 24 months ago said this would happen. Quote Link to comment Share on other sites More sharing options...
97svtgoin05gt Posted June 1, 2009 Share Posted June 1, 2009 Based on the $20 Bill we..WE the taxpayers have now spent to bail out this boat anchor, we should be allowed via web voting to decide just exactly what GM builds. If current GM management is left in control, all we'll see are the same butt ugly products put on sale at GM dealerships. Why not put up a site and allow the general public (now owners of this new gem of a company) vote on new product development and either stop or go products coming out of the design studios. If the vast majority of us vote yes on a product, then its logical to imagine that many people will want to PURCHASE the product. On the other hand, if everyone votes down a product, then you don't have all that expensive waste of time etc to design, retool and build the thing to find out if theres really any interest in it. Quote Link to comment Share on other sites More sharing options...
2005Explorer Posted June 1, 2009 Share Posted June 1, 2009 Based on the $20 Bill we..WE the taxpayers have now spent to bail out this boat anchor, we should be allowed via web voting to decide just exactly what GM builds. If current GM management is left in control, all we'll see are the same butt ugly products put on sale at GM dealerships. Why not put up a site and allow the general public (now owners of this new gem of a company) vote on new product development and either stop or go products coming out of the design studios. If the vast majority of us vote yes on a product, then its logical to imagine that many people will want to PURCHASE the product. On the other hand, if everyone votes down a product, then you don't have all that expensive waste of time etc to design, retool and build the thing to find out if theres really any interest in it. I say let people vote with their pocket books. As far as I am concerned, this whole GM and Chrysler debacle is enough of a reason to buy products from other companies. There are some people predicting that the Ford Motor Company will now file for bankruptcy because GM and Chrysler did because they won't be able to compete. I don't believe this at all. I think Ford will survive because not only does it have great products today and in the near term pipeline, but it has gotten a big break from these two melting down. Ford may have more debt and a slightly less efficient cost structure then those two have following reorganization, but it will still have the volume and capacity to actually take on Toyota head-to-head. Quote Link to comment Share on other sites More sharing options...
NickF1011 Posted June 1, 2009 Share Posted June 1, 2009 Based on the $20 Bill we..WE the taxpayers have now spent to bail out this boat anchor, we should be allowed via web voting to decide just exactly what GM builds. If current GM management is left in control, all we'll see are the same butt ugly products put on sale at GM dealerships. Why not put up a site and allow the general public (now owners of this new gem of a company) vote on new product development and either stop or go products coming out of the design studios. If the vast majority of us vote yes on a product, then its logical to imagine that many people will want to PURCHASE the product. On the other hand, if everyone votes down a product, then you don't have all that expensive waste of time etc to design, retool and build the thing to find out if theres really any interest in it. It's bad enough when automakers design by committee. Do you really think it would be a good idea to force them to design by the entire taxpayer base of America? We'd end up with this: Quote Link to comment Share on other sites More sharing options...
mettech Posted June 1, 2009 Share Posted June 1, 2009 It's bad enough when automakers design by committee. Do you really think it would be a good idea to force them to design by the entire taxpayer base of America? We'd end up with this: I vote to keep the steps and the horn. :reading: Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted June 1, 2009 Share Posted June 1, 2009 (edited) It's not a sad day at all, bankruptcy isn't punishment - it's release from debt!!GM has $82 billion in assets and $180 billion in debts which all get written off in bankruptcy court. The new GM will emerge squeaky clean and free of debt while creditors will pick the bones left behind. Cutting Pontiac, Saab, Hummer and Saturn is only about 15% of GM's monthly sales, they gave up SFA. Gotta say l don't give a shit about a smaller NEW improved SAME GM, they still have the same line-up of cars boring dull bland shit that helped to create the mess of today, and a lot of UK news commentators the UK are all saying the same thing GM have lost the magic that used to be in GM every car from the bottom to the top in the 50's, 60's & 70's they have just become a boring dull dull low-drag co-efficient number with no personality or character or soul they offer the buyer nothing but total BORING cars. Gotta say l watched Fritz on Bloomberg and from what he was saying nothing will change in the NEW IMPROVED better GM, he is just another YES man like Rick painting a sunshine picture of GM telling the press what they wanted to hear. One big thing he could of said was GM were going to ditch bland dull styling cars for for good and start building cars folk wanted again, but he also said Lutz had frozen any new product design for the short term future which was the one thing they really needed to change. GM's cars have lost the magic of the past and thats why they will be back into bankruptcy in next to no time nothing has changed, all they will be left with in the end will be one brand it will be Chevy with its Classic Old Skool Silverado to prop up the whole Chevy brand. British Leyland seemed to think that all the buyer wanted was BORING DULL BLAND cars in the 70's, and General Motor are doing the same thing today with taxpayers money gotta say hope they wake before it is to late. Ford have not asked for one dime in aid or bailouts whilst GM get $50 billions gotta say their is a big injustice JPD, GM are still stuck with the same boring bland dull cars no one wants to buy, so Ford have nothing to fear from GM will get smaller and smaller and smaller until they disappear like British Leyland, unless they change and Fritz the new improved GM sunshines all the time whilst l am in charge man never mentioned the one thing GM neeeeeeeeed to do BIGTIME is to ditch its very very very dull styling on its cars, and bring back the magic from the past when GM used to know how to build the cars the buyers wanted to buy at every level, they are still clueless Ford need not worry they will sink themselves. Edited June 1, 2009 by Ford Jellymoulds Quote Link to comment Share on other sites More sharing options...
TomServo92 Posted June 1, 2009 Share Posted June 1, 2009 If it's going be "GM business as usual" post-bankruptcy, then this whole thing is for naught. If they actually change the business model then there might be hope. Quote Link to comment Share on other sites More sharing options...
twintornados Posted June 1, 2009 Share Posted June 1, 2009 GM New Video about BankrI would bet that GM had this plan for more than 6 months. The $20 billions was just a UAW vote bailout. :reading: A lot of people here 24 months ago said this would happen. Interesting video on youtube.....as interesting as the fact that the ability to leave comments about it have been disabled Must be GM still doesn't want to hear the public commentary about it, so I will say it here..... Ford is accomplishing what you couldn't and doing it without the help of the Feds or bankruptcy court! Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted June 1, 2009 Share Posted June 1, 2009 (edited) If it's going be "GM business as usual" post-bankruptcy, then this whole thing is for naught. If they actually change the business model then there might be hope. It not the business model wants changing, they want to ditch their boring dull bland jellymould cars that made them bankrupt in the first place no one wants to buy without a $3,700 bribe on each car gotta say l don't think Obama will tolerate it for to long and without it nobody would touch their cars nothing will ever change, they need to start building cars folk want to buy for a change GM have lost their magic of the past cars when they were king of the road. Gotta agree with what most UK news programmes were saying GM have lost its magic from the past, GM biggest market share drop was in the 1980's and GM been in a downward spiral ever since with its boring car styling, Classic styled Silverado's are one of the few good things that are left at GM.. GM TIMELINE TO BANKRUPTCY http://www.nytimes.com/interactive/2009/05...M_TIMELINE.html Edited June 1, 2009 by Ford Jellymoulds Quote Link to comment Share on other sites More sharing options...
97svtgoin05gt Posted June 1, 2009 Share Posted June 1, 2009 It's bad enough when automakers design by committee. Do you really think it would be a good idea to force them to design by the entire taxpayer base of America? We'd end up with this: Nick, this is actually a nice ride compared with some of GMs current products. Perhaps it isn't such a bad idea. Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted June 1, 2009 Share Posted June 1, 2009 Nick, this is actually a nice ride compared with some of GMs current products. Perhaps it isn't such a bad idea. At least its not as bad as the boring bland dull JELLYMOULD junk that put GM into Bankruptcy Quote Link to comment Share on other sites More sharing options...
TomServo92 Posted June 1, 2009 Share Posted June 1, 2009 It not the business model wants changing, they want to ditch their boring dull bland jellymould cars that made them bankrupt in the first place no one wants to buy without a $3,700 bribe on each car I believe the dull boring cars are the result of their business model. If they don't change the way they develop products then you can kiss it all goodbye. Quote Link to comment Share on other sites More sharing options...
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