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Old 07-10-2009, 02:33 PM
 
Location: Hoboken
19,891 posts, read 16,272,470 times
Reputation: 3123

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Quote:
Originally Posted by saganista View Post
Before, during, or after bankruptcy?
Timing doesn't really matter to them. They forced out Wagoner before bankruptcy, interfered with ad budgets during bankruptcy

PAYDAY: GM's Rick Wagoner Drives Away with $20M Retirement - ABC News

And Chrysler dealerships after bankruptcy.

House panel seeks to protect GM, Chrysler dealers | detnews.com | The Detroit News (http://www.detnews.com/article/20090708/AUTO01/907080412/1148/House+panel+seeks+to+protect+GM++Chrysler+dealers - broken link)

Sure the government is like any other shareholder.
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Old 07-10-2009, 02:37 PM
 
Location: NJ
23,969 posts, read 30,099,328 times
Reputation: 15904
the bankruptcy process takes years for companies 1/100th the size of GM. how did they manage to get theirs done so much faster than anyone else?
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Old 07-10-2009, 02:41 PM
 
Location: Great State of Texas
86,093 posts, read 72,297,737 times
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Quote:
Originally Posted by CaptainNJ View Post
the bankruptcy process takes years for companies 1/100th the size of GM. how did they manage to get theirs done so much faster than anyone else?
They have the Fed government pushing them through.
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Old 07-10-2009, 02:41 PM
 
Location: Hoboken
19,891 posts, read 16,272,470 times
Reputation: 3123
Quote:
Originally Posted by CaptainNJ View Post
the bankruptcy process takes years for companies 1/100th the size of GM. how did they manage to get theirs done so much faster than anyone else?
When the government is your partner things tend to happen a little faster.
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Old 07-10-2009, 02:45 PM
 
Location: NJ
23,969 posts, read 30,099,328 times
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Quote:
Originally Posted by HappyTexan View Post
They have the Fed government pushing them through.
yeah, but it also means that it isnt being done properly. changes that should be made arent going to be made (and changes that shouldnt be made will be made).

financial advisors are a big part of the process, cant have them getting in the way of government motors. they wont need to be financially viable anymore, they can lose money and put all the other car companies out of business.
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Old 07-10-2009, 02:49 PM
 
2,539 posts, read 2,376,007 times
Reputation: 492
been hearing the new chevy commericials on the radio? Your tax dollars at work.
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Old 07-10-2009, 02:52 PM
 
Location: Hoboken
19,891 posts, read 16,272,470 times
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I think most people realize that GM and Chrysler will have 500 plus CEOs running around Capitol Hill. This thing is doomed. 3-4 years down the road Congress will be talking about stiff auto import taxes under the guise of environmental standards to try and protect the inevitable death of Chrysler and GM.
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Old 07-10-2009, 02:54 PM
 
132 posts, read 385,193 times
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Quote:
Originally Posted by davidmg1 View Post
The New Gov. Motors is here!!

Rush to your current GM dealer now, if they are still in your city.
Actually no one really cares.. so which dealership do you work at?
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Old 07-10-2009, 03:19 PM
 
Location: Atlanta, GA
2,290 posts, read 5,036,788 times
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Quote:
Originally Posted by saganista View Post
Sure...we did that in WWII. But this time the three million or so people out of a job wouldn't have tanks or planes to work instead on any war to go fight in. They'd just be on unemployment and the economy would be dealt a staggering blow.


Another corporation already has formed. It will resume auto manufacturing. About 80% of the jobs that might have been lost won't be.
At the risk of sounding like a Republican, the auto industry should never have become a jobs program, and it should never have been subsidized by the taxpayer. It's one thing if we don't have enough cars, but, as I said earlier, we have way more cars than we need.
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Old 07-10-2009, 03:42 PM
 
Location: Great State of Texas
86,093 posts, read 72,297,737 times
Reputation: 27564
Quote:
Originally Posted by CaptainNJ View Post
yeah, but it also means that it isnt being done properly. changes that should be made arent going to be made (and changes that shouldnt be made will be made).

financial advisors are a big part of the process, cant have them getting in the way of government motors. they wont need to be financially viable anymore, they can lose money and put all the other car companies out of business.
I'm not disagreeing with you. This administration is all about "hurry, hurry, hurry".
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