elef Posted November 21, 2008 Report Share Posted November 21, 2008 Rumours in Europe today tell that GM has liquidity for one month and will declare bankruptcy before christmas. Link to comment Share on other sites More sharing options...
TroyinEwa/Perv Posted November 21, 2008 Report Share Posted November 21, 2008 Probably started it themselves so they can get concessions from the unions or better yet, have some judge throw out the contracts after they file. Then after not having to pay their debts for the period of bankruptcy, they'll have enough money when they emerge to give themselves HUGE bonuses for guiding the company back to solvency. :thumbdown: Link to comment Share on other sites More sharing options...
USVirgin Posted November 21, 2008 Report Share Posted November 21, 2008 My initial reaction was, 'gotta save them.' Not only for the jobs, but at one time the industry was important to national security, though I suppose that aspect is largely irrelevant now. Now I'm thinking we'd be throwing the money down the tubes because I can't even remember the last time the big 3 has done anything right. Giving the people what they need (huge gas guzzlers) for the last decade when everyone else knew better even had my simple mind wondering what they were thinking. If there's a light at the end of the tunnel, I can understand saving them, but they're not showing us any. Meanwhile, imports are hurting too. Link Link to comment Share on other sites More sharing options...
Guest lazyphil Posted November 21, 2008 Report Share Posted November 21, 2008 is that goodby opel and vauxhall too? Link to comment Share on other sites More sharing options...
ThaiHome Posted November 21, 2008 Report Share Posted November 21, 2008 .. Giving the people what they need (huge gas guzzlers) for the last decade when everyone else knew better even had my simple mind wondering what they were thinking. .. But isn't their job to make cars that people will buy? Is it their responsibility to make cars that may be the right thing to do, but people donâ??t want? TH Link to comment Share on other sites More sharing options...
.. Posted November 21, 2008 Report Share Posted November 21, 2008 Cheers, SD Link to comment Share on other sites More sharing options...
USVirgin Posted November 21, 2008 Report Share Posted November 21, 2008 I think they drive the market to a large extent, and have given up on competing with foreign owned companies in certain segments. Link to comment Share on other sites More sharing options...
.. Posted November 21, 2008 Report Share Posted November 21, 2008 The best selling vehicle in the US for the past 30 years is the Ford F-series truck, with over 1M units. GM's C-K trucks very close behind, followed by Dodge Ram trucks at ~550k units. The most popular car is only ~400k units... Seems the market is speaking, and has been for donkey's years. The Big 3's problem is healthcare and legacy costs that the non-US companies do not have. Foreign companies also get heaps of R&D money from their own governments, whereas the US does not fund its auto industry. Not to mention that all other countries have universal healthcare and most have some type of EPF plan for retirement that gives one more than our SSI, so our auto industry has a great deal more out of pocket costs than their competitors. Union assembly worker wages are down to $14/hr to start (up to a max of ~$22) with no pension benefits and mediocre healthcare package. The middle class steaming full speed in reverse...is that what we want for our country? Cheers, SD Link to comment Share on other sites More sharing options...
Guest lazyphil Posted November 21, 2008 Report Share Posted November 21, 2008 i always dreamed of owning a chevy muscle car, but hey we now for the first time ever have chevy imports for the uk market (rhd) in the shape of a puny 1.1 litre model. it just isn't cricket! Link to comment Share on other sites More sharing options...
The_Munchmaster Posted November 21, 2008 Report Share Posted November 21, 2008 When you think of Pontiac you think of big cars with big engines. But they also used to make something called a Firefly! Pontiac Firefly. WTF!! Imagine having one and talking to another bloke when the conversation turns to cars. Bloke: "So, what do you drive." You: "A Pontiac." Bloke (thinking Pontiac Transam): "Wow, a Pontiac. What Model?" You: "Firefly." Bloke: Link to comment Share on other sites More sharing options...
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