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GM heading for bankruptcy... again.


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#46 Zod

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Posted 05 September 2012 - 04:41 AM

I have a long term GM fix. Make cars that people want to buy and not the crap you have been putting out.

Zod 2016

#47 stirs

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Posted 05 September 2012 - 06:41 AM

I have a long term GM fix. Make cars that people want to buy and not the crap you have been putting out.

Zod 2016



A wonderful free market statement. Totally agree. Not just for GM, but all companies.

Now, think Solyndra

#48 GAme

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Posted 05 September 2012 - 07:13 AM

should have let them go bankrupt the first time. Barry and his unions...

#49 Davidson Deac II

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Posted 09 September 2012 - 07:51 AM

Fwiw, GM has sold more cars this year than anyone but Toyota. So somebody likes their cars. One has to wonder how a company that sells so many cars is still struggling (assuming the article that started this thread is accurate).

#50 mav1234

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Posted 09 September 2012 - 08:40 AM

both GM and Ford are suffering in some respects but the rebuttal to that op ed (posted I think by James after a post or two, http://www.forbes.co...y-op-ed-pieces/) suggests that the situation isn't as dire as the first op ed paints it.

at this point it is too early to know what direction these companies will head, because they are in some respects at the mercy of the global economies.

#51 Davidson Deac II

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Posted 09 September 2012 - 01:20 PM

Yea, that why I said "if its true".

Fwiw, with the exception of Honda and 1 or 2 others, all the car companies are having some issues.

#52 stirs

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Posted 10 September 2012 - 08:42 AM

http://www.nationalr...fiction-editors

http://mercatus.org/...ners-and-losers

#53 cookinwithgas

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Posted 10 September 2012 - 08:55 PM

thanks National Review, what would we do without William Buckley, his arrogant accent and his unending defense of the privileged?

#54 g5jamz

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Posted 12 September 2012 - 07:49 AM

How many of GM's sales are propped up by government sales.

http://www.foxnews.c...up-chevy-volts/

#55 Davidson Deac II

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Posted 12 September 2012 - 08:26 AM

thanks National Review, what would we do without William Buckley, his arrogant accent and his unending defense of the privileged?



We would be stuck with Ariana Huffington's arrogant "the government knows what is best for you as long as its run by democrats".

#56 Davidson Deac II

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Posted 12 September 2012 - 08:36 AM

How many of GM's sales are propped up by government sales.

http://www.foxnews.c...up-chevy-volts/


1500 cars isn't much in the scheme of things. 3x that number wouldn't be much.

#57 g5jamz

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Posted 12 September 2012 - 08:37 AM

1500 cars isn't much in the scheme of things. 3x that number wouldn't be much.


That's just the Volt. Think across all government purchases. I'm sure the government balances purchases between American companies right?

#58 Davidson Deac II

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Posted 12 September 2012 - 09:02 AM

Well, I think I read somewhere that about 10% of the hybrids sold by Ford and GM were purchased by the US government, which would mean about 1-2% of all the cars sold by those companies. And since governments are fairly consistent purchases of auto's, its probably good long term for the companies.

Fwiw, I would much rather the government be pushing hybrid technology in this way than by granting research funds or tax breaks to these companies.

#59 NanuqoftheNorth

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Posted 16 September 2012 - 06:03 PM

Posted Image

GM bumped to investment grade

By Drew Johnson Friday, Sep 14th, 2012 @ 2:42 pm

General Motors' credit rating is officially investment grade north of the border. Toronto-based DBRS upgraded the Detroit automaker's credit rating to investment grade on Friday, becoming the first agency to do so.

The agency boosted GM's rating from BB (high) to BBB (low) as the result of the automaker's “sound business profile” with “impressive geographic diversification,” according to the Detroit Free Press

While positive news for GM, the automaker is still waiting for similar bumps from U.S.-based agencies Moody’s, Standard & Poor’s and Fitch. However, both Moody's and Fitch have GM just one notch below investment grade.

The bump to investment grade has been a major initiative for company CEO Dan Akerson and would likely benefit taxpayers. Higher ratings typically draw more investors, which could nudge GM's stock closer to the $53 per share market needed for the government to breakeven on its bailout of the Detroit automaker.

http://www.leftlanen...ment-grade.html

#60 pstall

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Posted 17 September 2012 - 06:40 PM

so this means they can finally pay back all the taxpayer money?


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