11-15-2005, 08:05 PM
|
#1
|
|
Regular User
Join Date: Feb 2004
Location: Sacramento, CA
Posts: 2,148
|
Investors Fear GM Bankruptcy
__________________
-Stan
Still Reposting, Still Pimping
|
|
|
|
11-15-2005, 08:16 PM
|
#2
|
|
Regular User
Join Date: Apr 2004
Location: Bellevue, Washington
Posts: 3,694
|
thats because they arent red taggin those Z06's
__________________
|
|
|
|
|
11-15-2005, 08:53 PM
|
#3
|
|
Regular User
Join Date: Feb 2004
Posts: 357
|
doesn't gm own like half of the manufacturers in the world or something like that?
or is that ford?
|
|
|
|
|
11-15-2005, 09:38 PM
|
#4
|
|
Regular User
Join Date: Jan 2004
Location: Adelaide, Australia
Posts: 732
|
I think GM and Ford own/run/control a huge amount of brands these days...
Yet they are both in financial trouble... All very interesting
|
|
|
|
|
11-15-2005, 10:14 PM
|
#5
|
|
Regular User
Join Date: Feb 2004
Posts: 357
|
very...
maybe trying to monopolise one of the feircest (sp?) competing industries with a shit business plan and no solid ground to build from might have something to do with it.
|
|
|
|
|
11-15-2005, 10:33 PM
|
#6
|
|
Regular User
Join Date: Oct 2003
Location: Hellaware USA
Posts: 3,865
|
I think ford will go first. Gm, while deeper in debt, has more assets and cash on hand.
__________________
Common Sense- so rare it's a super power.
|
|
|
|
|
11-15-2005, 11:29 PM
|
#7
|
|
Regular User
Join Date: Feb 2004
Location: Oakland, CA
Posts: 3,446
|
^ 19 Billion in Cash, but with around 250 billion in debt.
If they do go into Bankruptcy, they'll file for protection and reorganized. So they'll be around for a while.
But they just started the latest rounds of price cuts "Red Tag Sale".
|
|
|
|
|
11-17-2005, 01:26 AM
|
#8
|
|
Regular User
Join Date: Dec 2003
Location: Houston, Tx, learning in Ohio
Posts: 814
|
If any company's going to go under soon its going to be mitsubishi. The big american companies have created too much competition within their own brands I think. I mean GM has Chevy, GMC, and Cadillac that all make basically the same trucks.
__________________
|
|
|
|
|
11-17-2005, 07:07 PM
|
#9
|
|
Regular User
Join Date: Oct 2003
Location: Hellaware USA
Posts: 3,865
|
^^ Youll find there are very few cross buyers between chevy and cadillac.. Gmc maybe, but I doubt youll find many cadillac work trucks.. In fact.. I dont think they even make a truck. They do make an suv, but that isn't generally cross shopped either.
__________________
Common Sense- so rare it's a super power.
|
|
|
|
|
11-17-2005, 07:44 PM
|
#10
|
|
Regular User
Join Date: Jan 2004
Location: Detroit
Posts: 9,929
|
|
Originally Posted by graywolf624
^^ Youll find there are very few cross buyers between chevy and cadillac.. Gmc maybe, but I doubt youll find many cadillac work trucks.. In fact.. I dont think they even make a truck. They do make an suv, but that isn't generally cross shopped either.
|
the escilade based on the Avalanch... its still got a flat bed.
anyway; the latest news that is being pushed on the Unions on the GM front is to lower hire-in line workers starting rate to the area of $10/hour instead of $22/hour. bankrupcy will guarentee the unions will cave, and this would save GM a lot of money.
its because of this i think that GM will file for some protection first... or allow thier stocks to drop even lower as leverage against the unions.
|
|
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
Linear Mode
