Ready for a shock? Ford Motor Company is worth nearly twice what GM is!

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Oct 14, 2008 | 10:04 PM

#31

My Red 93Z-28

Registered User

Joined: Mar 2004

Posts: 1,503

From: BFE, Ohio

Quote:

Originally Posted by GTOJack

Hey Johnny Toenails, take a chill pill.

+1...and I love question marks!

Oct 14, 2008 | 11:10 PM

#32

Eric Bryant

Registered User

Joined: Aug 2001

Posts: 2,400

From: Michigan's left coast

Quote:

Originally Posted by JakeRobb

In other news, market capitalization is now an accepted measure of total worth, and a factor of 1.53 is now accepted as "nearly twice".

We can talk balance sheets if you want an accepted measure of net worth. I don't think it'll be a pleasant conversation, though.

Oct 15, 2008 | 12:27 AM

#33

guionM

Thread Starter

Registered User

Joined: Mar 2001

Posts: 13,713

From: The Golden State

Quote:

Originally Posted by JohnnyTuinals

First off Cerberus will get rid of Dodge whenever they can.
It was a mistake and they put too much money into the company.
As for the VOLT
Who will want to pay $40,000-$50,000 for the car??????
Ohhhh I am sure there will not be many Volts on dealer lots,,I think they will jackuppppp
the price another$10,000 at the dealers...Yeaaaaa think I am wrong???????
Problem is that there will be no Nuclear plants to power all these electirc cars at night when everyone comes home from work.
Think there will be many black outs

1. I might be convinced that Cerberus might get rid of Chrysler if the price is right. But they are by no means going to simply "get rid of" Chrysler. In fact, they are trying to buy the remaining part of Chrysler that Daimler still owns. Worse that can be said based on their actions: Cerberus bought Chrysler, is focusing on increasing Chrysler's cash value by partnering it up with as many other companies as it can (saving alot of development money and utilizing alot of spare plant capacity), cutting labor and management costs, then selling Chrysler for more than it payed. By contract with Daimler, Cerberus is banned from breaking up Chrysler & selling it off.

2. Cerberus' investment in Chrysler has been minimal. Chrysler is still comparatively cash rich. To say they put "too much money into the company" isn't what actually happened or what's going on.

3. I agree that the Volt's success is far from certain. Production numbers the 1st year aren't ambitious by any standards, the car is going to be priced up there with a Cadillac CTS... and not even a base CTS (at $36,000 RWD & $40,000 AWD)....but I think you need a couple of valium because that last paragraph is a bit off the deep end there, guy.

Oct 15, 2008 | 02:24 PM

#34

JohnnyTuinals

Banned

Joined: Jun 2008

Posts: 107

GrandAm Jack So lets say within the next 10 years there will be only
electric cars being built......
So at night when everyone recharges their cars when they get home they will not
end up having brownouts everywhere????

Last edited by JohnnyTuinals; Oct 15, 2008 at 02:29 PM.

Oct 15, 2008 | 10:18 PM

#35

JakeRobb

Super Moderator

Joined: Jul 2005

Posts: 9,507

From: Okemos, MI

Quote:

Originally Posted by Eric Bryant

We can talk balance sheets if you want an accepted measure of net worth. I don't think it'll be a pleasant conversation, though.

Oh, I'm sure GM's balance sheet is awful right now, and I by no means intended to claim that they are in fact worth more.

I just hate misuse and misrepresentation of data.