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View Poll Results: which month will GM file for Chapter 11?
January
4
4.88%
February
2
2.44%
March
5
6.10%
April
3
3.66%
May
2
2.44%
June
2
2.44%
July
5
6.10%
August
2
2.44%
September
5
6.10%
October
4
4.88%
November
0
0%
December
1
1.22%
GM WILL NEVER DIE!
47
57.32%
Voters: 82. You may not vote on this poll

GM bankruptcy thread

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Old 10-21-2008, 03:52 PM
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GM bankruptcy thread
since its becoming clear and clearer that it's going to happen some time in 2009...

guess the month! then when it actually happens we can bump the thread and see if we were right or not


THIS THREAD STARTED IN THE LOUNGE AND WAS MOVED TO AUTOMOTIVE NEWS. i figured this was a lounge style thread and not something for this forum thus why it was posted in the lounge. sorry automotive news people, this thread does not belong in this forum.
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Old 10-21-2008, 04:01 PM
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****ers better not die until 2012!












but wouldn't be surprised if they filed Chapter 11 and re-aligned the company.
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Old 10-21-2008, 04:02 PM
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Is it clear that it's going to happen? I haven't been following the news but I figured after the government bail out they'd at least have enough time to see what kind of impact the Volt made on the industry.
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Old 10-21-2008, 04:05 PM
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Originally Posted by Threxx
Is it clear that it's going to happen? I haven't been following the news but I figured after the government bail out they'd at least have enough time to see what kind of impact the Volt made on the industry.
i've seen a few articles claim mid-2009 is when they'll run out of cash

they're burning $1 billion a month and are down to like $12 billion cash remaining and its difficult for them to borrow money.
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Old 10-21-2008, 04:06 PM
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i will loan thema few bucks
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Old 10-21-2008, 04:14 PM
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Black Monday and Black Friday were in October. 3rd quarter annual reports are always the worst.

October.
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Old 10-21-2008, 04:53 PM
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October. Summer sales will be low, and they will be forced to file right before winter.
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Old 10-21-2008, 04:57 PM
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Volt alone will not be able to save them.
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Old 10-21-2008, 05:04 PM
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HOpefully this will let them get rid of the damn union.
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Old 10-21-2008, 05:06 PM
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Originally Posted by TMDZ28
Volt alone will not be able to save them.
Ya, I noticed that BMW is getting in on the pluggin action too so the volt won't be the only fully electric kid on the block. (by fully I mean that even on gas, volt drives a generator instead of the wheels)
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Old 10-21-2008, 05:55 PM
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Originally Posted by RedIrocZ-28
October. Summer sales will be low, and they will be forced to file right before winter.
thats what i'm thinking

summer gas prices will skyrocket again and that'll be the final death blow, i figure september/october time frame.
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Old 10-21-2008, 06:12 PM
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Wink
The media are dirty slimy dogs. I wouldn't listen to a word they say!
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Old 10-21-2008, 06:43 PM
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i sure hope their products will continue to exist though, i love corvette too much, and planning to buy one in 2012.
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Old 10-21-2008, 06:58 PM
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Originally Posted by SCNGENNFTHGEN
The media are dirty slimy dogs. I wouldn't listen to a word they say!
I wouldn't either except that GM loses $2500 per automobile they produce due to Union (UAW) involvement in the company. They have a death grip on the company and they are slowly choking it out of existance. Per this article I read about GM's woes.
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Old 10-21-2008, 07:16 PM
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Union haters.
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