“It’s about image and lifestyle versus price or payment. ”

-Good luck with that…

Uh, sorry about that, meds should kick in soon.

jennadoll-”Actually the CTS has been one of the life savers for the company. Cadillac is the one brand of GM that is trying to get it right. It’s about image and lifestyle versus price or payment. ”
Note what ChrisHaak wrote;”Michael Karesh, thanks for your pricing/advice help in my recent car purchase. I decided to go with the CTS instead of an 09 G37 sedan; I found a leftover loaded RWD 08 DI model and got it for almost $11k off MSRP after rebate, employee price, and $3,500 GM Card earnings.”

I agree is is a nice car but if 11k off is one of their bright spots…

Just a thought,\

Bunter

Note to TTAC admin: Thank you for allowing us to speak our minds regardless of if we agree or disagree with the topic at hand. There are other forums out there that claim to do the same, but if they disagree with a comment made then they block, ban, and mark comments as spam. Last time I checked freedom of speech was not spam.

One of us needs a cup of coffee, what 5 months are you talking about, it’s 16 months until the end of 2009.

Whenever I have seen Wagoner talk about having enough to last until the end of 2009 he says they used conservative estimates for the ECONOMY, GAS PRICES, GM sales numbers and overall vehicle sales. Their conservative estimates on just about everything have been so wrong up until now, why would they suddenly get their financial situation right? And he also says they will be fine barring a depression like senario, but you can tell he is lieing when he says it, just look at his eyes.

Why would anyone in the position they are in use conservative estimates to determine their survivability unless it’s to put a silver lining on the situation for the public, media and government cronies. They should be using worst case senario and planning for that, talk about dimwits.

Selling everything for almost no profit, cutting any program they can to save a buck, cranking out the PR machine to insane levels, I think we are seeing a companies last ditch for survival with no clue how to do it. This is all about 5 years too late. We will see in the next 2 months if they start selling almost everything at a loss just to keep some cash flow going so they don’t have to start shutting down production.

And the bailout can’t help them if the money doesn’t come before they fold. And they have to change the way the money is allocated since retooling old assembly isn’t going to help them keep current production going.

Thanks for the info Chris. I’ve added it to the text.

Obviously nobody was surprised to see this happen, and it is a big-time desperation move. If their sales are still down 20%+ in August in spite of the employee pricing, they’re screwed.

Michael Karesh, thanks for your pricing/advice help in my recent car purchase. I decided to go with the CTS instead of an 09 G37 sedan; I found a leftover loaded RWD 08 DI model and got it for almost $11k off MSRP after rebate, employee price, and $3,500 GM Card earnings.

Frank’s standing by to spreadsheet monkey (how’s that for a verb?) the August numbers.

And yes, this is the race to the finish line; Wagoner has said they have enough cash ’til the end of ‘09 under all scenarios. Five months?

Anyway, that was BEFORE the bailout thingie.

We’ll see…

If have 2 more quarters like the last wont they be almost out of operating capital to keep the lights on and the doors open past New Years?