Thought ya'll like to know.

11/10/2008 4:35:12 PM

I'm shocked that nobody bought a cobalt.

11/10/2008 4:39:20 PM

when it is $0.00, then maybe i will buy a new gm

11/10/2008 5:58:36 PM

Quote :

"I'm shocked that nobody bought a cobalt."

A share of GM stock or a Cobalt, they are worth about the same.

11/10/2008 10:59:22 PM

nah, i'd take the share of GM stock over the Cobalt any day.

11/10/2008 11:01:50 PM

Quote :

"when it is $0.00, then maybe i will buy a new gm"

When it is $0.00 I will wait for the IPO of the new common stock that they are issuing and spend the equivalent of a new GM car on it.

11/11/2008 12:06:54 AM

the new company is going to be called

CHEV-SS (has an LSX engine in it)

11/11/2008 8:34:30 AM

Closed at $2.92 today. If they go out I wish I could buy 3 ZR1's and sell them when I'm 70 years old.

11/11/2008 4:16:32 PM

If the gov doesnt bail them out Ford and GM are done.

Or they will be bought up by the japs

[Edited on November 11, 2008 at 6:00 PM. Reason : 1]

11/11/2008 5:59:00 PM

I'm very torn on this matter.

A) It's a free market economy and very poor decisions were made. They made the SAME poor decisions in the 70's when they kept making bigger and bigger cars as gas became expensive... 30 years later... same stuff... stupid

B) 17% of our national workforce is a huge deal. having that owned by somebody inside the US seems like it would be relatively important... Taxes from these companies must significantly help the economy

11/11/2008 8:55:39 PM

Part of these companies problems is the union and there ridiculous contracts.
They will most likely be bailed out, I seriously doubt we would let them fail. I just hope the union gets hit hard on the bailout

[Edited on November 11, 2008 at 9:39 PM. Reason : 1]

11/11/2008 9:39:28 PM

yea, they can't compete with the japanese because of the ridiculous contracts with the union.

11/11/2008 9:43:57 PM

Quote :

"PartMost of these companies problems is the union and there ridiculous contracts."

^ I second that.

Hopefully GM and Ford will file for chapter 11, successfully tell the unions to fuck off, and then come out with much better organization. Unfortunately, its more likely they'll just get bailed out and struggle along with the blood-sucking unions on their backs for the next few years.

The whole situation makes me wonder...if they get bad off enough, could we see a foreign company owning American icons like Corvette and Mustang? Wouldn't that be some shit.

[Edited on November 11, 2008 at 10:29 PM. Reason : .]

11/11/2008 10:29:09 PM

c'mon HONDA

buy out!

11/11/2008 10:35:23 PM

i put my life savings into it. im pretty sure its on the rise.

11/11/2008 10:43:00 PM

So when's that new Camaro coming out?

11/11/2008 11:28:18 PM

get rid of the unions and they would be okay.

11/12/2008 3:07:11 AM

Quote :

"A) It's a free market economy and very poor decisions were made. They made the SAME poor decisions in the 70's when they kept making bigger and bigger cars as gas became expensive... 30 years later... same stuff... stupid "

This is why they don't deserve any funding. They will get it of course.

11/14/2008 3:33:38 AM

no new camaros?

11/15/2008 11:47:11 AM

the new camaro is still coming out. although GM is being a bitch to approve some things because after they approve the parts they have to pay for all the tooling, etc. we've been shipping sample parts for a while though and have bigger "real" orders next in a few weeks for a lot of interior parts

11/15/2008 11:49:12 AM

what about the el camino

11/15/2008 11:49:52 AM

that project is on hold until further notice

11/15/2008 11:50:49 AM

dammit, i woulda bought one

11/15/2008 11:51:59 AM

yea, shit is getting canned all over the place.. or actually they're putting them on "hold for 6 months" and paying "storage fees" to avoid having to actually pay for all the work companies have done. it's gonna fuck a lot of people.

11/15/2008 11:53:12 AM

the wolrd is fucked now

11/15/2008 12:00:39 PM

bye bye 100K warranty.

11/15/2008 3:10:32 PM

those bastards deserve it for what they did to the Volt

11/17/2008 11:47:06 AM

http://www.thetruthaboutcars.com/breaking-news-chinese-may-buy-gm-and-chrysler/



lol

11/18/2008 4:40:13 PM

don't know the site - is it reputable?

11/18/2008 4:50:50 PM

it closed at 3.09 today.

11/18/2008 5:47:09 PM

Quote :

"don't know the site - is it reputable? "

i wouldn't base my stock choices on it.


might be a sign of things to come, though.

11/18/2008 6:02:07 PM

Congress tells Big 3: No plan, no money
Lawmakers say Detroit auto execs failed to prove they deserve a bailout. The private jets didn't help

Quote :

"David Lightman, McClatchy Newspapers Comment on this story WASHINGTON - If there's a single moment that explains why Congress refused Thursday to give the ailing U.S. auto industry immediate help, it came when Rep. Brad Sherman asked company executives to raise their hands if they'd flown to the nation's capital on commercial airlines. No hands went up. Then the California Democrat asked the heads of General Motors, Ford and Chrysler, who were testifying Wednesday before the House Financial Services Committee, whether they were planning to sell their corporate jets and fly home commercial. Again, no hands went up. Industry spokesmen explained later that they have travel policies to follow and safety considerations, but the public relations damage had been done. "I know it wasn't planned, but these guys flying in their big corporate jets doesn't send a good message to people in Searchlight, Nevada, or Las Vegas or Reno or any place in this country," Senate Majority Leader Harry Reid, D-Nev., said Thursday. He and House Speaker Nancy Pelosi, D-Calif., agreed to delay until next month consideration of aid to Detroit's automakers after finding that they lacked the votes for even a last-minute compromise on a $25 billion loan. "Until we can see a plan where the auto industry is held accountable and a plan for viability on how they go into the future ... until they show us the plan, we cannot show them the money," Pelosi said. Their decision, reached at a hastily called private meeting, came after nearly a week of tension among congressional lawmakers, the White House and the industry. They all agreed that the automakers need help, and the executives warned Congress that their industry could collapse within weeks without it. Economists disagree about whether that necessarily would devastate the Midwest and U.S. economies or whether conventional bankruptcy might be a better solution, but the chance of devastation is real. However, several developments converged to make it impossible for lawmakers to cut a $25 billion check, factors that are still likely to be present next month. Lawmakers found that their constituents are leery of October's $700 billion financial rescue passage. In the past few weeks, its uses have been questioned, and last week Treasury Secretary Henry Paulson changed the plan's direction, saying that he wouldn't use the money to buy troubled mortgages and bad assets, but he instead would try to help unregulated financial institutions that aren't banks but are important to consumer lending. "There's a lot of skepticism in Pennsylvania and across the nation about the $700 billion, because of the lack of results," said Sen. Arlen Specter, R-Pa. Constituents were saying that carving out $25 billion to help automakers, as many Democrats wanted to do, seemed to add another unfathomable layer to an already murky endeavor. Helping to derail momentum for the auto aid was President-elect Barack Obama's comment Sunday on CBS's "60 Minutes" that help for the auto industry "can't be a blank check." He urged the White House, Congress and the industry to develop a plan for the aid. Supporters of aiding the carmakers thought that those questions would be answered Tuesday and Wednesday when the auto executives and United Auto Workers President Ronald Gettelfinger testified before congressional committees. Instead, many lawmakers grew angrier. "They just weren't saying anything," Senate Banking Committee Chairman Christopher Dodd, D-Conn., said after the hearings. Come back Dec. 2 with a specific blueprint for the money, Reid told the automakers. Dodd's committee and the House Financial Services Committee could hold hearings that week. If, Reid said, "they present a viable plan that gives us, the Congress, the confidence that taxpayers and the autoworkers will be well served," Congress would return the week of Dec. 8 to deal with it. "

http://www.newsobserver.com/business/story/1303711.html

11/21/2008 8:37:59 AM

uh powerful white people don't work. they just show up. guess that doesn't work anymore

sigh

back to the private business jets and off to Detroit

11/21/2008 8:53:49 AM

Why you gotta throw the white in there?

11/21/2008 8:55:56 AM

so what happens to the gm/ford/chrysler cars if these companies go bankrupt?

11/21/2008 9:36:55 AM

^ they still suck?

11/21/2008 9:40:18 AM

nah i mean are they gonna be like 90% off or something?

11/21/2008 9:47:03 AM

Chinese or Arab companies will buy them worst case scenario. Imagine foregin oil owning american car companies? wow mpg would plummit of course

and look at all the guys that run these companies= middle age white dudes. Good ol boy club.

[Edited on November 21, 2008 at 10:03 AM. Reason : asg ]

11/21/2008 10:02:14 AM

I don't understand how "good ol' boy" relates to wealthy Northerners?

11/21/2008 10:14:35 AM

The private jets to the meeting is just a massive sign of how mismanaged these places are.

http://www.cnn.com/2008/US/11/20/lkl.michael.moore/index.html?iref=newssearch

CNN has made it's stance that it's against the Auto Maker Bailout pretty well known.

I like how the UAW is sitting there continuing to say that they have made concessions and have nothing to do with this. This stuff is frustrating as hell... If they go bankrupt they will probably cut a lot more jobs in a hurry to return to profit instead of with a reasonable and rational strategy. If they were to get bought out it seems like another company in good financial standing would have the power to actually make good decisions on what needs to go and what needs to stay.

11/21/2008 10:51:30 AM

The Japanese aren't stupid enough to buy out companies in such bad shape as these.

And the only way these cars are ever going to be 90% off or anything close to that is if a company files for Chapter 7.

11/21/2008 12:20:41 PM

Ford will probably be OK. I think they have the assets to ride out the storm, plus they have some European models that can be brought over here for viable new choices, if they can just speed up the process a bit (though it is going to take a lot of money to retool former truck/SUV production lines).

GM is pretty well fucked. If they don't get the bailout they'll probably go into Chapter 11, and even then, it's going to be tough. They need to make some radical decisions and reduce how ridiculously overdiversified they are. GM needs to kill Hummer, Saturn, and maybe Pontiac. I think Pontiac has a little brand loyalty left, but most of their products compete directly with Chevy. Buick needs to be discontinued in the US, but left alive in China as the Buick name sells very well over there. Chevy, Cadillac, and perhaps a more focused (sporty models only) Pontiac could become relevant again. They will have to close plants and dealerships, and do something about the massive debt obligations for health care and pensions for retired workers that are eating them alive. As messed up as they are, though, I could actually see interest from Toyota...

Chrysler is dead. Even the redesigned vans and trucks aren't selling, at least not in the numbers one would think. Cerberus is trying to get out somehow--I could see the Dodge trucks and the minivans, and perhaps Jeep, being sold off separately. There's some relevance to the Police package Charger, the 300 has some fans, and there is interest in the Challenger, so maybe they would be sold off as their own piece. The rest is worthless.

[Edited on November 21, 2008 at 2:32 PM. Reason : jeep]

11/21/2008 2:31:11 PM

^i dont know how their financial situation stack up against each other, but Ford had the least apealing cars of the three in the recent years.

I personally thoink new GMs, including Saturns and Pontiacs look great, and also like what came out of the daimler-chrysler one-night stand.

[Edited on November 21, 2008 at 2:59 PM. Reason : pickup and commercial trucks might be a different story]

11/21/2008 2:59:10 PM

I agree that some of the Saturns and Pontiacs are appealing, but Saturn has had almost no marketing money spent on it recently. The Aura and Sky are selling okay (and both are really nice cars), but no one seems to be buying the Astra or Vue, and I've seen less of their new big crossover than I've seen of the GMC version. Pontiac has nice products in the G8 and Solstice, but I've seen very few Torrents, and the Vibe is just a rebadged Toyota. The G5 is crap and the G6 is getting on in years, plus the interior sucks. Of the DCx vehicles, the 300/Charger have been a hit, as well as the Challenger, but all their other cars are completely irrelevant. Dodge trucks have a strong brand following, as does the Jeep name and the Wrangler (and maybe Liberty) but the Durango and Aspen are big gas-sucking SUVs, you just don't see many Dakotas, Compasses, or Patriots, and the Nitro is an uglified Liberty. The minivans will continue to be a quality product, but I just haven't seen many of the new ones, nor have I seen much marketing for them. Hell, I've seen a lot more ads for the VW Routan than for the Caravan/Voyager/TC upon which it is based.

11/21/2008 3:35:20 PM

why dont the unions bail them out? they are half the problem.

11/21/2008 3:49:40 PM

closed at 3.06 today

11/21/2008 5:39:00 PM

this is not a bailout of the big 3. it's a bailout of the UAW. period.

11/22/2008 8:40:00 AM

Quote :

"The Aura"

isn't getting an upgrade in 2010 like originally planned. i'm not sure what details are public--but the whole thing has basically been shit canned..so i'm not sure of what future that model has

another great fuck up by GM.

11/22/2008 6:24:08 PM

I'm no fan of American automakers, but people are getting way too hung up on this private jet stuff, saying they should've used commercial airlines.

Lets see...the representative for a company that employs 300,000 Americans has an appointment with the United States Congress to ask for a multi-billion-dollar stimulus. Considering whats at stake, I think a $6000 jet reservation could be warranted. Depending on the size of the rep team, it could even be economical in comparison to first class commercial tickets.

11/22/2008 10:44:10 PM

shut the fuck up

11/22/2008 10:48:58 PM