GM Bankrupy

Whats everyone's opinion on it? Think they will ever recover to be as big as they once were or at all? Figured we might chat on the subject since we own 60% of it now haha

You mean Government Motors. Isn't that the first steps of socialism?

2006GT wrote:You mean Government Motors. Isn't that the first steps of socialism?

Oh yes sorry i keep forgetting the new name. well supposedly the new ussr will let go of control when gov motors is in ok shape again. so in other words around the next election. haha

well they wont be in good shape by them but hopefully the socialist will be gone

....if they kill the challenger i'll kill them,i want one just can't afford it right now

ARMORINE wrote:....if they kill the challenger i'll kill them,i want one just can't afford it right now

Maybe you can get a going out of business special on one. haha yeah i hope they dont kill the challenger thats one of the few bright points in Chrysler's vehicles

ARMORINE wrote:....if they kill the challenger i'll kill them,i want one just can't afford it right now

why not just get a roush they are slow and expensive too

and they look better

Well it may make things better for gm, but they are gonna loose alot of customers. I hear alot of stories of people looking at ford products that where diehard gm/chrysler people that won't buy from them if they go banktrupt.

I love it.The price of my 64 GTO just went up.

i really should have held on to my '68 camaro

Last Fall, I opposed ANY government intervention in Detroit. My premise was that BK would still be the inevitable fate and that ONLY BK would allow the companies the ability to dissolve contracts with the UAW, which were the major contributing factor in their financial decline. An aquaintance of mine was a top executive in a major east coast financial institution that helped the Big 3 with their benefits and pension plans. He said that as early as 15 years ago the math was not adding up and everyone at the table knew that this would be the end result, management & labor both knew! And no one had the balls to say STOP!

Now, with the Socialists calling the shots in Washington, BK means nothing in regards to being able to castrate the UAW because Obama owes them his election and he is going to protect their interests at the expense of the company & the tax payers (that's us, guys).

Read the articles on FoxNews.com about this in comparison to Amtrac 39 years ago. Mark my words; in 50 years GM will still be "Government Motors"!

Welcome to the United Socialist Republic of America!

At least the rediculous Union Contracts will dissolve. I heard people crying about $15 an hour starting pay! The Union is what ruined GM...not the economy

GM could have saved about $202.5 Billion over the last 5 years if not for the union

Grabber07' wrote:At least the rediculous Union Contracts will dissolve. I heard people crying about $15 an hour starting pay! The Union is what ruined GM...not the economy

yes but they are giving the uaw part of the company how in the hell does our gov keep rewarding the ppl that cause the prob in the 1st place

sprint200 wrote:Last Fall, I opposed ANY government intervention in Detroit. My premise was that BK would still be the inevitable fate and that ONLY BK would allow the companies the ability to dissolve contracts with the UAW, which were the major contributing factor in their financial decline. An aquaintance of mine was a top executive in a major east coast financial institution that helped the Big 3 with their benefits and pension plans. He said that as early as 15 years ago the math was not adding up and everyone at the table knew that this would be the end result, management & labor both knew! And no one had the balls to say STOP!

Now, with the Socialists calling the shots in Washington, BK means nothing in regards to being able to castrate the UAW because Obama owes them his election and he is going to protect their interests at the expense of the company & the tax payers (that's us, guys).

Read the articles on FoxNews.com about this in comparison to Amtrac 39 years ago. Mark my words; in 50 years GM will still be "Government Motors"!

Welcome to the United Socialist Republic of America!

Yeah i read that article and i agree that Gov Motors is going to end up just like amtrac they have not improved in the last 39 years and GM wont do any better. I guess obama will take charge is designing a "peoples car" for us like the original beatle but less succesful, probably something like those little fisher price cars. lol

Im really amazed that more people are not mad about this, we are sinking 50 billion into a company that does not build many good cars and is poorly managed so now we own 60% of the formerly private company. welcome to socialism indeed, hope you like vodka!

Oh and im glad my 68 impala might be worth a little bit more now too!