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Old 06-28-2009, 02:13 AM
 
Location: Michigan
29,391 posts, read 55,614,054 times
Reputation: 22044

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Barring an unexpected setback, a "new" General Motors will emerge soon from bankruptcy after eliminating most of its debt, hundreds of dealers and a fair share of its work force — saved by up to $50 billion in federal bailout funds.

GM bailout triggers calls for boycott - Autos- msnbc.com
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Old 06-28-2009, 04:57 AM
 
12,867 posts, read 14,919,896 times
Reputation: 4459
GM was a mess and is now more of a mess since the government has started interfering. we now have a house representative introducing a bill to make the new GM liable for the old GM vehicles. IT NEVER ENDS!
House Rep Carson Introduces Bill to Make New GM Liable for Old GM’s Vehicles | The Truth About Cars

the best comment posted on that article was this one:
Cicero :
June 26th, 2009 at 7:31 pm

I’ve e-mailed my congressman and asked him to introduce a bill that would bring back tailfins on all GM sedans.
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Old 06-28-2009, 07:46 PM
 
Location: Rockland County New York
2,984 posts, read 5,858,646 times
Reputation: 1298
When my wife's 2007 Malibu’s lease is over we won't be buying/leasing another GM product. We will give our business to Ford.
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Old 06-28-2009, 09:29 PM
 
866 posts, read 4,258,930 times
Reputation: 285
It would be much better and healthier for GM to get out of bankruptcy fast and efficiently like Chrysler did, I just don't see that happening though, since GM is a large corporation made up of thousands more employees, plus all of the stockholders, debters, etc.

Even if GM does get out of chapter 11 in say 3 months, they will still be owned by the US government pass that period. It could seriously take GM up to 3-4 years to pay back all of the money they have taken.

Hopefully GM can get a majority of their shares out of government hands as soon as possible, because a boycott bad enough could further hurt the situation.
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Old 06-29-2009, 06:45 PM
 
48,502 posts, read 96,886,289 times
Reputation: 18305
Quote:
Originally Posted by floridasandy View Post
GM was a mess and is now more of a mess since the government has started interfering. we now have a house representative introducing a bill to make the new GM liable for the old GM vehicles. IT NEVER ENDS!
House Rep Carson Introduces Bill to Make New GM Liable for Old GM’s Vehicles | The Truth About Cars

the best comment posted on that article was this one:
Cicero :
June 26th, 2009 at 7:31 pm

I’ve e-mailed my congressman and asked him to introduce a bill that would bring back tailfins on all GM sedans.
Actually its some states attorney generals that are fighting this and will fill with the court if not settled. It happened in the Chrysler bankrupsy and many were not pleased. Rememeber that trail lawyers are about the biggest contributer to demcrats and they certain don't want this.
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Old 07-01-2009, 12:58 PM
 
132 posts, read 430,278 times
Reputation: 88
Our government gave $50 billion of our money to General Motors. The very last thing I want to do is purchase a car from GM. Imagine if we had invested even 25 billion in our education system?
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Old 07-06-2009, 12:30 PM
 
48,502 posts, read 96,886,289 times
Reputation: 18305
Or use teh money to solve the housing crisis as it was voted on by congress. Thge suposed #2 emergrancy in this crisis was supposely the housing plan;that got dumped to bailout two failing auto companies that have shown they can't work for decades.How we have billions funding a stimulus that doesn't stimulate anyhtig but speacil party interest.
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Old 07-06-2009, 02:22 PM
 
Location: Marion, IA
2,793 posts, read 6,125,245 times
Reputation: 1613
Quote:
Originally Posted by Stac2007 View Post
When my wife's 2007 Malibu’s lease is over we won't be buying/leasing another GM product. We will give our business to Ford.
same here
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Old 07-11-2009, 01:16 PM
 
Location: H-town, TX.
3,503 posts, read 7,502,834 times
Reputation: 2232
Quote:
Originally Posted by floridasandy View Post
GM was a mess and is now more of a mess since the government has started interfering. we now have a house representative introducing a bill to make the new GM liable for the old GM vehicles. IT NEVER ENDS!
House Rep Carson Introduces Bill to Make New GM Liable for Old GM’s Vehicles | The Truth About Cars

the best comment posted on that article was this one:
Cicero :
June 26th, 2009 at 7:31 pm

I’ve e-mailed my congressman and asked him to introduce a bill that would bring back tailfins on all GM sedans.
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Old 07-11-2009, 01:20 PM
 
Location: Great State of Texas
86,052 posts, read 84,519,997 times
Reputation: 27720
I've had Chevy's for about 15 years now. I love my Chevy's but the next auto will be a Toyota.
Thank you US Government.
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