I officially decided that I am against the Bailout...
12-12-2008, 02:06 AM
#31
Registered User
Join Date: Aug 2001
Location: Michigan's left coast
Posts: 2,405
Harley survived by telling all the rich lawyers and dentists that they could be anti-social badasses just so long as they plunked down a $25,000 wad of cash. The company cashed in on its "heritage", and we'll see if that's a sustainable strategy.
12-12-2008, 02:16 AM
#32
Registered User
Join Date: Apr 2006
Location: Roch, NY
Posts: 395
When'd you meet my brother?
12-12-2008, 05:23 AM
#33
Registered User
Join Date: Mar 2005
Location: Melbourne, Australia
Posts: 3,123
GM Hires Advisors to Weigh a Bankruptcy Filing
http://online.wsj.com/article/SB1229...googlenews_wsj
http://online.wsj.com/article/SB1229...googlenews_wsj
12-12-2008, 05:48 AM
#34
Registered User
Join Date: Aug 2001
Location: Michigan's left coast
Posts: 2,405
That planning should have begun back in 2005, because it's been obvious for at least three years that things were not going to end well. If one wants to be slightly more generous, then we can look back towards July 2008 as GM's last effort at staring into the abyss without blinking.
It should be interesting to see if there's a run on GM next week, since my feeling is that a lot of suppliers will no longer consider GM to be creditworthy and will demand COD payment terms. That'll be the start of this final chapter.
It should be interesting to see if there's a run on GM next week, since my feeling is that a lot of suppliers will no longer consider GM to be creditworthy and will demand COD payment terms. That'll be the start of this final chapter.
12-12-2008, 06:52 AM
#35
Registered User
Join Date: Mar 2001
Location: Shelton, WA
Posts: 954
I don't think how much the UAW was willing or not willing to give was included in any press release yet.
So to say "they won't give a little" is a bit premature.
I'll say this. Listening to the southern repubs talking, I'd wager that they wanted to give the UAW a HUGE haircut while the rest of the stakeholders got off virtually scott free.
That's all they talked about, cutting the UAW.
So to say "they won't give a little" is a bit premature.
I'll say this. Listening to the southern repubs talking, I'd wager that they wanted to give the UAW a HUGE haircut while the rest of the stakeholders got off virtually scott free.
That's all they talked about, cutting the UAW.
12-12-2008, 11:28 AM
#37
Registered User
Join Date: Mar 2001
Location: The Golden State
Posts: 13,711
I don't think how much the UAW was willing or not willing to give was included in any press release yet.
So to say "they won't give a little" is a bit premature.
I'll say this. Listening to the southern repubs talking, I'd wager that they wanted to give the UAW a HUGE haircut while the rest of the stakeholders got off virtually scott free.
That's all they talked about, cutting the UAW.
So to say "they won't give a little" is a bit premature.
I'll say this. Listening to the southern repubs talking, I'd wager that they wanted to give the UAW a HUGE haircut while the rest of the stakeholders got off virtually scott free.
That's all they talked about, cutting the UAW.
12-12-2008, 12:12 PM
#39
Registered User
Thread Starter
Join Date: Apr 2001
Location: USA
Posts: 3,698
I think Bankruptcy may not be bad provided they can find a way out and some foreign company does not buy them. I mean the fact of the matter is..much like Social Security, GM needs to be right sized..and 30 billion will not do it.
Thread
Thread Starter
Forum
Replies
Last Post
GusarskiSS
Exhaust System
1
09-02-2015 03:51 PM