Comments on: GM Down to Its Last $34b

By: cretinx

cretinx — Mon, 24 Mar 2008 15:25:08 +0000

low 16s? keep dreaming. the revised estimate is 14.95 million.

By: GS650G

GS650G — Mon, 24 Mar 2008 12:54:28 +0000

gmbuoy

Too bad it all does not translate to sales. They still keep score in dollars.

The Renault Alliance was a COY too, remember?

By: jkross22

jkross22 — Sun, 23 Mar 2008 14:52:49 +0000

Since so many consumers do research online for cars, how is GM going to convince buyers they’re going to be around for longer than the next few years?

They don’t have an Iaccoca type leader, but maybe begging for a consumer funded bailout would work. If that happens, it will simply make me and others run away from GM even faster.

By: yankinwaoz

yankinwaoz — Sat, 22 Mar 2008 23:24:35 +0000

Gosh… with their liabilities such as the VEBA and debts that means that GM is worth less than zero.

By: 6G74

6G74 — Sat, 22 Mar 2008 14:54:06 +0000

gmbuoy :
March 22nd, 2008 at 9:17 am

CD 10 Best ? ? ?
Consumer Reports : Best Pickup ?
Motor Trend COY ?, NAIAS COY(last two years)? ?
J.D.Power Medal Winning Initial Quality Plant in N.A. 5 of last 7 years ?

Not sure what the point of this keyboard spasm was, but if it’s supposed to convince us that GM can and will stay in business, you’ve failed to convince me.

Awards do not equal sales. I’m not saying this is necessarily true about these awards, but awards can be bought. Sales, well, I suppose you could give the cars away but that wouldn’t help the bottom line, as the past 7 years have shown for many carmakers in the US.

By: Robert Farago

Robert Farago — Sat, 22 Mar 2008 13:23:11 +0000

gmbuoy :

CD 10 Best ? ? ?
Consumer Reports : Best Pickup ?
Motor Trend COY ?, NAIAS COY(last two years)? ?
J.D.Power Medal Winning Initial Quality Plant in N.A. 5 of last 7 years ?

That’s the one.

By: gmbuoy

gmbuoy — Sat, 22 Mar 2008 13:17:55 +0000

CD 10 Best ? ? ?
Consumer Reports : Best Pickup ?
Motor Trend COY ?, NAIAS COY(last two years)? ?
J.D.Power Medal Winning Initial Quality Plant in N.A. 5 of last 7 years ?

By: Ingvar

Ingvar — Sat, 22 Mar 2008 10:46:01 +0000

How much money is GM burning every day?

For a comparison, Watch the K Foundation burn a million quid:

http://youtube.com/watch?v=JxC9wgm27j0

Yes, it is real money. And yes, they actually set fire to it. On purpose. As a statement. One million pounds fifteen years ago should be in the near of around 3 million dollars today. What is more nonsense? Actually set fire to real money just for fun, or investening in GM stock?

By: Stein X Leikanger

Stein X Leikanger — Sat, 22 Mar 2008 07:41:52 +0000

The Chevy Bolt.

By: talldude07

talldude07 — Sat, 22 Mar 2008 06:04:46 +0000

This is quite sad…it makes me want to take my mom’s brand new Kia back to the dealer and trade it for a G-something. On a serious note it does sadden me to see GM in the state they are in however they began digging their own grave years ago. I mean come on build a car people want to buy with good quality and they would not have been in this mess to begin with. Well I guess its time to file for CH11 bankruptcy and trim the dealer network to a fifth of what it is. Such a mess. Its only going to get better before it gets worse.

By: Rix

Rix — Sat, 22 Mar 2008 03:40:15 +0000

The finance guys have never been GM’s problem, at least when they stay on the financial side of the business they are very competent. It’s when they get to the automotive side of the business that they become problems…

By: hltguy

hltguy — Sat, 22 Mar 2008 03:08:02 +0000

So, how exactly are they going to fund the VEBA? with mortgage backed securities?

By: ihatetrees

ihatetrees — Sat, 22 Mar 2008 01:24:30 +0000

moawdtsi:

who is going to honor your camaro’s warranty?

Depending on the outcome of this year’s elections, the Feds may very well ~~buy the future votes of GM workers/buyers~~ come out with a plan to help the poor sods who bought new Camaros and Corvettes.

Or perhaps the future Cerberus Performance Cars LLC… I can see the storyline now…

It’s late 2009… Having bought the names Corvette/Camaro/Firebird from the bankruptcy court, CPC will roll out the Three-Headed-Dog Warranty. For an inspection fee of $500 (that’s redeemable on their new Camaro when it rolls out), they’ll honor your warranty.

By: Cicero

Cicero — Sat, 22 Mar 2008 01:09:09 +0000

freshly-minted GM CFO Ray Young

Here’s the helm of your new command, Mr. Young. It’s called the Titanic.

By: Cicero

Cicero — Sat, 22 Mar 2008 01:07:19 +0000

GM Down to Its Last $34b

Been there. It’s rough.

By: moawdtsi

moawdtsi — Sat, 22 Mar 2008 00:03:43 +0000

to Tkc23

who is going to honor your camaro’s warranty?

By: Tkc23

Tkc23 — Fri, 21 Mar 2008 23:50:14 +0000

i hope they dont tank before the camaro comes out!!

By: TriShield

TriShield — Fri, 21 Mar 2008 23:11:59 +0000

Circling the toilet.

By: Dinu Uscatu

Dinu Uscatu — Fri, 21 Mar 2008 22:19:36 +0000

[sarcasm] Good times ahead! [/sarcasm]

Frankly, I’m worried. That leaves how many “years in business” left?