GM in trouble

**ChevyChaser** · November 14th, 2008 01:36 PM

Originally Posted by MAXBUWAYA

i think they are shifting in building fuel efficient cars. makakarecover ulit iyan

Even if they do, who's going to buy them given GM's products are konwn as guzzler, unless they can develop a car that runs on Bud.

Also, GM needs a minimum of US$11 Bn just to pay its obligations, where will they get the capital to develop a new fuel efficient product.

Unless the whole US Financial crisis is resolved, I think GM is headed down the sewers.

For the overseas concern, we'll just have to wait and see what happens. For the moment, I'm not that concerned as most GM products sold in Asia does not come from the US.

**niky** · November 14th, 2008 04:02 PM

GM's cars aren't categorically less efficient than the competition in their chosen categories... they're just completely uncompetitive.

Add to that the perception gap... most people in the US view GM's products (and Ford's... and Chrysler's...) as junk. Nobody's buying... and that's bad for GM.
The big question is... does GM deserve to be saved as GM? or should the US government let the business declare Chapter 11 and have GM's subsidiaries sold to other, more efficient organizations?

**Monseratto** · November 14th, 2008 07:44 PM

Guess who'll gobble up the Money Tree?

**tidus1203** · November 17th, 2008 10:02 PM

http://biz.yahoo.com/ap/081117/as_japan_suzuki_gm.html

GM is selling all their stakes in Suzuki in order to raise money while waiting for a bailout.

**uls** · November 17th, 2008 10:55 PM

Check this out...

GM came out with a youtube video...

explaining why letting the US automakers fail would be catastrophic

[ame="http://www.youtube.com/watch?v=2rfM4n1gdjM"]YouTube - The Ripple Effect of the US Auto Industry by GM[/ame]

**tidus1203** · November 17th, 2008 11:06 PM

KAPAL MUKS TALAGA MGA YAN!!!!

Don't worry GM, we won't allow the destruction of the US auto industry but at the same time its not the same GM we want. We want a new GM, an economically viable GM. Because at the current GM even if we throw in billions and billions the fact that you could not sell cars and you have a lot of legacy costs and then you have overpaid union workers. That's not a viable business model. After 6 months I assure you will be coming back again asking for new bailout.

**uls** · November 17th, 2008 11:14 PM

haha

kapal muks talaga

naglabas pa ng youtube video...

na-high blood tuloy si Tidus.

**ChevyChaser** · November 19th, 2008 11:39 AM

Originally Posted by uls

Check this out...

GM came out with a youtube video...

explaining why letting the US automakers fail would be catastrophic

YouTube - The Ripple Effect of the US Auto Industry by GM

HELP SUPPORT AMERICA'S WAR IN AFGHANISTAN, IRAQ AND IN THE NEAR FUTURE WITH IRAN.
JUST AS WE ALL DID SUPPORT AMERICA IN THEIR WAR AGAINST COMMUNISM IN THE KOREAN WAR, THE VIETNAM WAR (WHICH THEY EVENTUALLY GOT THEIR BUTTS KICKED) AND ALL THE OTHER WARS THEY WERE INVOLVED WITH.

IMHO, allowing the US Auto industry die down will be the best thing to happen to other countries. Think of all the oppurtunities other countries will have. European and Asian Auto industries will flourish, including subsidies and parts suppliers. WE don't have to rely on the US economy and investments instead, it'll be in reverse. America will now rely on other countries for their needs. More jobs will be created here and everywhere else so there's no need to send workers abroad.
Yes, let the US auto industry die.

ANYBODY GOT $25 BILLION IN CASH TO LEND?

**tidus1203** · November 19th, 2008 11:45 AM

The BIG3 CEO actually went to Congress today to plead their case. And at least there are still some senators who believe in free markets and believe in failure as a true viable option. Yes we will have terrible economy, high unemployment but that is temporary. Once the BIG 3 can successfully restructure and be more lean then those laid off people can be hired back again, but don't expect as a higher a salary. Wag na silang managinip na babalik yung bubble days. They will have to be smaller, less bureaucratic, and very cost conscious moving forward.

**lymar07** · November 19th, 2008 11:48 AM

Originally Posted by ChevyChaser

IMHO, allowing the US Auto industry die down will be the best thing to happen to other countries. Think of all the oppurtunities other countries will have. European and Asian Auto industries will flourish, including subsidies and parts suppliers. WE don't have to rely on the US economy and investments instead, it'll be in reverse. America will now rely on other countries for their needs. More jobs will be created here and everywhere else so there's no need to send workers abroad.
Yes, let the US auto industry die.

ANYBODY GOT $25 BILLION IN CASH TO LEND?

i've thought about this also...well, only one way to find out - let it die