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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"...

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Old Dec 7, 2008 | 03:18 PM
  #1  
Z28CamaroPower!'s Avatar
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If GM "goes under"...

what do you think will happen to Chevrolet?
Old Dec 7, 2008 | 03:34 PM
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They will be bought, hopefully by an American company.
Old Dec 7, 2008 | 03:47 PM
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Some Chinese company was showing interest in GM Let's hope it doesn't come down to that.
Old Dec 7, 2008 | 08:18 PM
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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.
Old Dec 7, 2008 | 09:48 PM
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Either GM gets the loan, or they get liquidated.
Old Dec 7, 2008 | 10:30 PM
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Will be purchased by Daewoo, who is already established as Chevrolet worldwide.
Old Dec 8, 2008 | 01:15 AM
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Angry

...I will vomit uncontrolably!!
Old Dec 8, 2008 | 06:23 AM
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I got my fingers crossed for Warren Buffet to buy then for $1B
Old Dec 8, 2008 | 08:22 AM
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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.
Old Dec 8, 2008 | 08:47 AM
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Z28CamaroPower!'s Avatar
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Originally Posted by guionM
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.

GuionM,

The poll is asking what will happen to Chevrolet, not GM as a whole.
Old Dec 8, 2008 | 08:52 AM
  #11  
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Originally Posted by Z28CamaroPower!
GuionM,

The poll is asking what will happen to Chevrolet, not GM as a whole.
Chevrolet is GM.

With something like almost 3/4 of all North America's GM production, you simply can't separate the 2.
Old Dec 8, 2008 | 10:56 AM
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Eric Bryant's Avatar
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Originally Posted by Z28x
I got my fingers crossed for Warren Buffet to buy then for $1B
Not to put too fine of a point on it, but GM's debt exceeds the net worth of Warren Buffet.
Old Dec 8, 2008 | 11:35 AM
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Originally Posted by Eric Bryant
Not to put too fine of a point on it, but GM's debt exceeds the net worth of Warren Buffet.
If GM is purchased out of bankruptcy the assets will be separated from the debts of the company. The new buyer will not have to worry about GM's debts.
Old Dec 8, 2008 | 11:47 AM
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Originally Posted by guionM
Chevrolet is GM.

With something like almost 3/4 of all North America's GM production, you simply can't separate the 2.
x2.

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.
Old Dec 8, 2008 | 01:02 PM
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Eric Bryant's Avatar
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Originally Posted by DAyers
If GM is purchased out of bankruptcy the assets will be separated from the debts of the company. The new buyer will not have to worry about GM's debts.
Correct - but then it's highly likely that GM would no longer exist as we know it.



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