View Poll Results: If GM "goes under", what will happen to Chevrolet?
Will be purchased by another domestic automaker



4
7.14%
Will be purchased by a foreign automaker



19
33.93%
Will go off on its own



22
39.29%
Will cease to exist



11
19.64%
Voters: 56. You may not vote on this poll
If GM "goes under"...
No American car company has the money to buy GM or just Chevrolet for that matter. It would almost have to be a foreign company. I don't think they will go away though. Either the government will bail them out or they will go into bankruptcy protection and become stronger after restructering.
I voted "cease to exist" because the most likely option wasn't listed.
GM won't be purchased by a foreign automaker. Parts of GM, yes. The whole thing, extremely doubtful.
I think GM's most likely scenario is that the core of the company might be purchased by an entity that want's GM's market network so much it isn't very concerned about GM's potential liabilities. That spells China.
I can realistically see GM selling off more than Saab, Hummer, and Saturn. But the problem is that no one's lending so no one's buying. The only ones who are are in countries that are immune to the current economic downturn. China & India.
There isn't a billionaire around that is (or can) invest in GM enough to save it. Even if they could, they won't. Reason? GM's in serious debt. If the company goes under, other people will be in line to get liquidation money first. If the government loans GM money & GM fails, taxpayers will be the 1st to get their money back.
Honestly, after all that's happened, I believe GM will pull through this. I'm not saying this blindly as some GM enthusiasts are, and I'm not whistling in the dark as the rest of GM enthusiasts are. Just looking at the way things are going, and what GM has to offer.
GM's problem has been, and always has been it's bureacracy. The company has a big, big problem simply making a damn decision. GM studies things utterly to death, then doesn't lift a finger on putting a product on the market till someone else does it first and proves the market exists. GM also isn't exactly the quickest company to react to market changes.
In a way, the new Chevrolet Camaro represents both the best and worse of GM. It took forever to get to the point when one could even get approved, but once they did approve one, it was developed very quickly, it's turned out to be an overachiever if a bit late to the party.
GM won't be purchased by a foreign automaker. Parts of GM, yes. The whole thing, extremely doubtful.
I think GM's most likely scenario is that the core of the company might be purchased by an entity that want's GM's market network so much it isn't very concerned about GM's potential liabilities. That spells China.
I can realistically see GM selling off more than Saab, Hummer, and Saturn. But the problem is that no one's lending so no one's buying. The only ones who are are in countries that are immune to the current economic downturn. China & India.
There isn't a billionaire around that is (or can) invest in GM enough to save it. Even if they could, they won't. Reason? GM's in serious debt. If the company goes under, other people will be in line to get liquidation money first. If the government loans GM money & GM fails, taxpayers will be the 1st to get their money back.
Honestly, after all that's happened, I believe GM will pull through this. I'm not saying this blindly as some GM enthusiasts are, and I'm not whistling in the dark as the rest of GM enthusiasts are. Just looking at the way things are going, and what GM has to offer.
GM's problem has been, and always has been it's bureacracy. The company has a big, big problem simply making a damn decision. GM studies things utterly to death, then doesn't lift a finger on putting a product on the market till someone else does it first and proves the market exists. GM also isn't exactly the quickest company to react to market changes.
In a way, the new Chevrolet Camaro represents both the best and worse of GM. It took forever to get to the point when one could even get approved, but once they did approve one, it was developed very quickly, it's turned out to be an overachiever if a bit late to the party.
Whatever happens I don't see Chevrolet and Cadillac not surviving in some form. Personally those are the only two GM brands I would ever consider owning so as long as Chevy and Caddy survive, I'll be happy.


Let's hope it doesn't come down to that.