In afew days, GM and Chrysler submit their plans to the feds...
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Joined: Nov 2000
Posts: 16,176
From: Chicagoland IL
I think that we can consider the Z/28 dead on this gen.
Beyond that, I think we're going to see plans for restructuring, (organizations and debt), and lots of downsizing. Probably some radical stuff --especially from Chrysler.
Beyond that, I think we're going to see plans for restructuring, (organizations and debt), and lots of downsizing. Probably some radical stuff --especially from Chrysler.
Last edited by Z284ever; Feb 13, 2009 at 07:23 PM.
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From: SoCal
We can expect GM to cut divisions and dealers. GM is also looking to buy back more of Delphi as it seems that will give them bidding rights to more Gov. loans. I think it's fair to say even if GM gets the full value of the loans available it probably won't be enough. Even they admit problems in staying stable with total US auto sales projections under 10 millions annually.
The Stimulus (spending) bill has just passed and there are some provisions to remove some tax liability associated to the bailout loans issued in December.
In the end they will both get the loans after another round of humbling media pressure and Congressional brow beating. A Car Czar will be assigned and then the real downsizing pains will come to bear.
The Stimulus (spending) bill has just passed and there are some provisions to remove some tax liability associated to the bailout loans issued in December.
In the end they will both get the loans after another round of humbling media pressure and Congressional brow beating. A Car Czar will be assigned and then the real downsizing pains will come to bear.
Last edited by 99SilverSS; Feb 13, 2009 at 11:52 PM.
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From: Melbourne, Australia
This is how I feel about things right now..
http://www.gminsidenews.com/forums/f...hake-up-75396/
Originally Posted by Buick61
I wish I could zap myself 5 years into the future to see how all of this pans out.
I'm tired of talking about business plans. I want to go back to the days of talking about cars, and cars alone.
I'm tired of talking about business plans. I want to go back to the days of talking about cars, and cars alone.
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Joined: Aug 2007
Posts: 801
From: New York
I think we can expect an 'updated' viability plan similar to the one submitted a couple months ago...no more, no less. Without intricate details, all I've got to go on is faith...and for all GM's failings -- I'm confident they'll pull this off.
Chrysler...they've almost died once, sold their soul a dozen times, make crappy products (imo), and are still around to talk about it. They don't seem to be able to die...I don't expect this time to be any different....for better or worse.
Chrysler...they've almost died once, sold their soul a dozen times, make crappy products (imo), and are still around to talk about it. They don't seem to be able to die...I don't expect this time to be any different....for better or worse.
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Joined: Jan 1999
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From: Panhandle of West Virginia
Looks like the UAW is balking before the deadline and talks have ended. I hope they can work something out and pull out of this mess.
http://money.cnn.com/2009/02/14/news...ion=2009021417
http://money.cnn.com/2009/02/14/news...ion=2009021417
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There are all sorts of scenarios floating around, almost all of them involve Chapter 11.
One scenario has operations like Chevy, Cadillac, GM Powertrain, and some others, consolidating and forming a new company free of GM's baggage. All other assets to be liquidated.
I think GM stockholders will be left with nothing...
One scenario has operations like Chevy, Cadillac, GM Powertrain, and some others, consolidating and forming a new company free of GM's baggage. All other assets to be liquidated.
I think GM stockholders will be left with nothing...
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Joined: Nov 2001
Posts: 1,178
From: Payson, AZ USA
Any guess's on what GM's stock will do this week???
I'm thinking, MAJOR TANK.
I think alot of people are going to get rid of their GM stock, figuring something is better than nothing. I also think alot of people who are talking about Chapter 11, like it will be this great thing, that just washes all of the ugliness out of GM, and they will be back, better than ever, in 6 months............. are only fooling themselves. I see years of lawsuits in their future.
I'm thinking, MAJOR TANK.
I think alot of people are going to get rid of their GM stock, figuring something is better than nothing. I also think alot of people who are talking about Chapter 11, like it will be this great thing, that just washes all of the ugliness out of GM, and they will be back, better than ever, in 6 months............. are only fooling themselves. I see years of lawsuits in their future.
Thread Starter
Registered User
Joined: Nov 2000
Posts: 16,176
From: Chicagoland IL
Any guess's on what GM's stock will do this week???
I'm thinking, MAJOR TANK.
I think alot of people are going to get rid of their GM stock, figuring something is better than nothing. I also think alot of people who are talking about Chapter 11, like it will be this great thing, that just washes all of the ugliness out of GM, and they will be back, better than ever, in 6 months............. are only fooling themselves. I see years of lawsuits in their future.
I'm thinking, MAJOR TANK.
I think alot of people are going to get rid of their GM stock, figuring something is better than nothing. I also think alot of people who are talking about Chapter 11, like it will be this great thing, that just washes all of the ugliness out of GM, and they will be back, better than ever, in 6 months............. are only fooling themselves. I see years of lawsuits in their future.
Well, I for one bought a bunch of GM stock when it was $60+ per share, and bought more at $30 per share. What's it now? About 3 bucks? Personally, I'm not selling jack.
I agree with you though. Chapter 11 won't be clean or easy. But I think GM might be out of options.
OTOH, this year will be a bloodbath for the auto industry, especially if projections for a 9 million unit year come true. EVERYONE will lose money. Maybe this is a good time for the radical restructering which only Chapter 11 will allow - because it's certain GM will lose billions in '09 one way or the other.
Last edited by Z284ever; Feb 15, 2009 at 10:28 PM.
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Joined: Mar 2002
Posts: 499
From: Miami, Fl USA
Any guess's on what GM's stock will do this week???
I'm thinking, MAJOR TANK.
I think alot of people are going to get rid of their GM stock, figuring something is better than nothing. I also think alot of people who are talking about Chapter 11, like it will be this great thing, that just washes all of the ugliness out of GM, and they will be back, better than ever, in 6 months............. are only fooling themselves. I see years of lawsuits in their future.
I'm thinking, MAJOR TANK.
I think alot of people are going to get rid of their GM stock, figuring something is better than nothing. I also think alot of people who are talking about Chapter 11, like it will be this great thing, that just washes all of the ugliness out of GM, and they will be back, better than ever, in 6 months............. are only fooling themselves. I see years of lawsuits in their future.
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Joined: Jan 2000
Posts: 10,285
From: Albany, NY
GM needs to right size, the company you describe would be positioned well for the future. Would this new company still use the GM name?