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GM is done.

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Old Mar 5, 2009 | 02:58 PM
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GM is done.

Discuss.

http://finance.yahoo.com/news/GM-aud...-14556622.html

Last edited by blackflag; Mar 5, 2009 at 03:06 PM.
Old Mar 5, 2009 | 03:15 PM
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Wrong section.
Old Mar 5, 2009 | 03:47 PM
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Originally Posted by blackflag
A little finance education wouldn't hurt you. MANY companies come back from Chapter 11. Moreover, their public auditors are required to render an opinion and point out what everyone else already knows.
Old Mar 5, 2009 | 05:28 PM
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Originally Posted by Bearcat Steve
MANY companies come back from Chapter 11.
Tell me how many auto companies have gone through Ch. 11 and survived. Say it. Say it.

Old Mar 5, 2009 | 05:34 PM
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Kmart, American Airlines, United Airlines, and Delta Airlines are a few no auto companies off the top of my head. I'm sure there are many more that have emerged from chapter 11. If they can do I'm sure GM could.
Old Mar 5, 2009 | 06:04 PM
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Name an auto company that has.

Nobody is buying a car from a bk company. Game over.

Damn the clowns that have run the company into the ground. I hope they burn in hell.
Old Mar 5, 2009 | 06:32 PM
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Originally Posted by blackflag
Name an auto company that has.

Nobody is buying a car from a bk company. Game over.

Damn the clowns that have run the company into the ground. I hope they burn in hell.
Well, while you're at it you might want to think about the gigantic bonfire that will be in hell as GM execs/clowns are joined by execs/clowns from many major corporations, banks, investment firms, insurance companies, and our very own Congress and President. You are fortunate enough to be living through the bankrupting of America (and possibly the world) thanks to all the bozos that run things. It's a shame that nobody in the business world or the government understands that they need to live within their revenues/budget just as many people have to do.
Clyde
Old Mar 5, 2009 | 06:45 PM
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Originally Posted by wildpaws
Well, while you're at it you might want to think about the gigantic bonfire that will be in hell as GM execs/clowns are joined by execs/clowns from many major corporations, banks, investment firms, insurance companies, and our very own Congress and President. You are fortunate enough to be living through the bankrupting of America (and possibly the world) thanks to all the bozos that run things. It's a shame that nobody in the business world or the government understands that they need to live within their revenues/budget just as many people have to do.
Clyde
Old Mar 5, 2009 | 07:03 PM
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Camaros should still be okay. There already being made. GM as we know it may not exist.... I would be surprised if Chevy went away though.
Old Mar 5, 2009 | 07:20 PM
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Originally Posted by wildpaws
It's a shame that nobody in the business world or the government understands that they need to live within their revenues/budget just as many people have to do.
Clyde
The lesson will be learned the hard way. I just hope I get my Camaro before
all hell breaks loose.
Old Mar 5, 2009 | 07:21 PM
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Originally Posted by blackflag

Nobody is buying a car from a bk company. Game over.
why?
Old Mar 5, 2009 | 07:26 PM
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Old Mar 5, 2009 | 07:39 PM
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so you are never going to buy another GM car ever again?
Old Mar 5, 2009 | 07:42 PM
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Originally Posted by Chevycobb
so you are never going to buy another GM car ever again?
The better question is - are they going to make a car ever again? Just a matter of time now.
Old Mar 5, 2009 | 08:14 PM
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How many of us have flown recently on USAir, American Airlines, United Airlines, and Delta Airlines all were bankrupt, best if GM goes bankrupt, can you imagine what a government run GM would be like? No V-8 Camaro, only hybrids. That's why I ordered an SS, could be the last.................



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