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GM's changes in reaction to it's announced quarterly losses

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Old 11-07-2008, 04:37 AM
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GM's changes in reaction to it's announced quarterly losses
First item:
GM is suspending funding of all new vehicle development (broke on CNN at 2:30am).

Discuss.
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Old 11-07-2008, 05:24 AM
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well obviously this will solve all their problems
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Old 11-07-2008, 06:06 AM
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At least we got the C6, G8, and Camaro already.
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Old 11-07-2008, 06:57 AM
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Originally Posted by the pool boy
At least we have the C6, G8, and Camaro for a few more months until GM goes under.
Fixed
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Old 11-07-2008, 07:06 AM
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Even the Volt? $12 billion/year in R&D is not sustainable at this time.
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Old 11-07-2008, 08:06 AM
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well at least they have a plan....
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Old 11-07-2008, 08:17 AM
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It gonna be ugly.
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Old 11-07-2008, 08:24 AM
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Originally Posted by GTOJack
Even the Volt?
That's a question I want answered. In the past couple of months, a host of GM programs (damn near everything in the pipeline) have been officially and unofficially put on hold, but the Volt program has survived. I view that one as the canary in the mineshaft.
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Old 11-07-2008, 08:29 AM
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Originally Posted by Eric Bryant
That's a question I want answered.
+1
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Old 11-07-2008, 08:35 AM
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Originally Posted by guionM
First item:
GM is suspending funding of all new vehicle development (broke on CNN at 2:30am).

Discuss.
Seems like a first step on the road to declaring the "B" word.
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Old 11-07-2008, 08:39 AM
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http://www.autoblog.com/2008/11/07/c...g-delayed-yet/

Chevy Volt program is not being delayed... yet!
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Old 11-07-2008, 08:41 AM
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No bankruptcy yet.
If they can get the cash they need from the government, they can avoid BK.

If they can't, well...........................
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Old 11-07-2008, 08:48 AM
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If GM stops construction on the new $370 mln Volt/Cruze engine plant in Flint, that should send up a red flag that bankruptcy is not far behind.
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Old 11-07-2008, 11:41 AM
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Originally Posted by GTOJack
If GM stops construction on the new $370 mln Volt/Cruze engine plant in Flint, that should send up a red flag that bankruptcy is not far behind.
But doesn't that plant qualify for part of $25B bailout already in place to develop more fuel efficent vehicles?
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Old 11-07-2008, 11:43 AM
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wow... it is really getting that ugly??
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