GM

sugarpop · 03-05-2009, 03:29 PM

More bad news...

General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash...
http://www.comcast.net/articles/fina...USINESS-US-GM/

Bullitt · 03-05-2009, 03:49 PM

Survival of the fittest. To survive is to endure and prosper, if you can't tough luck you screwed up somewhere.

lookout123 · 03-05-2009, 05:01 PM

They should have gone into bankruptcy a long time ago. There is no news here.

HungLikeJesus · 03-05-2009, 06:16 PM

That reminds me, I haven't seen tw posting in a long time. I hope he's ok.

DanaC · 03-05-2009, 06:20 PM

he posted recently didn't he?

Perry Winkle · 03-05-2009, 06:26 PM

Hopefully Amtrak will be next. Competition in rail travel in the US would be nice.

sugarpop · 03-05-2009, 06:42 PM

Quote:

Originally Posted by Perry Winkle

Hopefully Amtrak will be next. Competition in rail travel in the US would be nice.

There is supposedly some high speed rail tracks in the new stimulus or budget or something.

classicman · 03-05-2009, 06:50 PM

Sell off the pieces that are profitable and let the rest go.
Look what we've done to Ford. A company that probably could have taken the bailout money, and didn't. We kept a competitor (or 2) in the market that shouldn't have been there. Seems rather unfair to me.

classicman · 03-05-2009, 06:52 PM

Quote:

Originally Posted by HungLikeJesus

That reminds me, I haven't seen tw posting in a long time. I hope he's ok.

Last Activity: 03-03-2009

TGRR · 03-05-2009, 08:15 PM

Dear GM:

Build cars that people want to buy. Get new engineers. Get the UAW under control. Don't show up for a bailout in a private jet.

Yours truly,
TGRRnotbuyingyourshittycars.

classicman · 03-05-2009, 08:48 PM

Amen - oops too late.

elSicomoro · 03-05-2009, 10:10 PM

If I'm GM, I kill everything off but Chevy and Cadillac, because those are the two brands that will almost always make money for GM. The job losses will be awful, but at this point, no one wants to buy cars. I don't see how GM can survive in its current state if people simply won't buy cars...nor should it survive in that state.

10 months in...still loving my Cobalt...still not having issues with it...and still getting 40mpg on the highway, tw.

TGRR · 03-05-2009, 10:31 PM

Quote:

Originally Posted by sycamore

If I'm GM, I kill everything off but Chevy and Cadillac, because those are the two brands that will almost always make money for GM. The job losses will be awful, but at this point, no one wants to buy cars. I don't see how GM can survive in its current state if people simply won't buy cars...nor should it survive in that state.

10 months in...still loving my Cobalt...still not having issues with it...and still getting 40mpg on the highway, tw.

Saturn's doing well (well, last time I checked, anyway). Isn't that a GM company?

elSicomoro · 03-05-2009, 10:42 PM

Their cars are well-liked, but I don't think they're selling worth a shit. The rumor is that they are now dead.

TGRR · 03-05-2009, 10:50 PM

Quote:

Originally Posted by sycamore

Their cars are well-liked, but I don't think they're selling worth a shit. The rumor is that they are now dead.

um...

Quote:

Chevrolet, Cadillac, GMC and Buick are going to be their “core brands” that get most of the attention.

Are these guys all fucked up on drugs? Cadillac I can see. Chevy MAYBE. Buick is a DOG, and you can't GIVE a GMC away.

03-05-2009, 03:29 PM	#1
sugarpop Professor Join Date: Nov 2008 Location: the edge of the abyss Posts: 1,947	GM More bad news... General Motors Corp on Thursday said its auditors had raised "substantial doubt" about its ability to survive outside bankruptcy if it fails to stem its losses and stop burning cash... http://www.comcast.net/articles/fina...USINESS-US-GM/

03-05-2009, 03:49 PM	#2
Bullitt This is a fully functional babe lair Join Date: Mar 2004 Location: Akron, OH Posts: 2,324	Survival of the fittest. To survive is to endure and prosper, if you can't tough luck you screwed up somewhere. __________________ Kiss my white Irish ass.

03-05-2009, 05:01 PM	#3
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	They should have gone into bankruptcy a long time ago. There is no news here. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

03-05-2009, 06:16 PM	#4
HungLikeJesus Only looks like a disaster tourist Join Date: Feb 2007 Location: above 7,000 feet Posts: 7,208	That reminds me, I haven't seen tw posting in a long time. I hope he's ok. __________________ Keep Your Bodies Off My Lawn SteveDallas's Random Thread Picker.

03-05-2009, 06:50 PM	#8
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Sell off the pieces that are profitable and let the rest go. Look what we've done to Ford. A company that probably could have taken the bailout money, and didn't. We kept a competitor (or 2) in the market that shouldn't have been there. Seems rather unfair to me. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-05-2009, 06:20 PM	#5
DanaC We have to go back, Kate! Join Date: Apr 2004 Location: Yorkshire Posts: 25,964	he posted recently didn't he?

03-05-2009, 06:26 PM	#6
Perry Winkle Esnohplad Semaj Ton Join Date: Feb 2005 Location: A little south of sanity Posts: 2,259	Hopefully Amtrak will be next. Competition in rail travel in the US would be nice.

03-05-2009, 08:15 PM	#10
TGRR Horrible Bastard Join Date: Feb 2009 Location: High Desert, Arizona Posts: 1,103	Dear GM: Build cars that people want to buy. Get new engineers. Get the UAW under control. Don't show up for a bailout in a private jet. Yours truly, TGRRnotbuyingyourshittycars. __________________ What can we do to help you stop screaming?

03-05-2009, 08:48 PM	#11
classicman barely disguised asshole, keeper of all that is holy. Join Date: Nov 2007 Posts: 23,401	Amen - oops too late. __________________ "like strapping a pillow on a bull in a china shop" Bullitt

03-05-2009, 10:10 PM	#12
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	If I'm GM, I kill everything off but Chevy and Cadillac, because those are the two brands that will almost always make money for GM. The job losses will be awful, but at this point, no one wants to buy cars. I don't see how GM can survive in its current state if people simply won't buy cars...nor should it survive in that state. 10 months in...still loving my Cobalt...still not having issues with it...and still getting 40mpg on the highway, tw.

03-05-2009, 10:42 PM	#14
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	Their cars are well-liked, but I don't think they're selling worth a shit. The rumor is that they are now dead.

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