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#106162 - 11/13/08 03:12 AM Re: GM in big trouble. Anyone think the C7 will be delayed?
Chewy Offline
Full Throttle Member

Registered: 04/06/03
Posts: 3287
Loc: North Augusta, SC
I think the best thing the Corvette has going for it is that it makes money. I don't know how it's been doing lately, but traditionally it does well.

IMHO, GM would be best off if they'd just declare bankruptcy, renegotiate the UAW contracts, trim the many folds of fat they have, and THEN crawl to Uncle Sam asking for a loan. Any cash bailouts won't teach them anything, and I work in a tire plant that sends a good portion (if not most) of our tires to be OEM on GM cars, so I NEED them to survive.
_________________________
Former: Silver '01 Coupe, LeMans Blue '07 Coupe

Current: 2012 Centennial Edition GS Coupe w/3LT & NPP mods list

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#106163 - 11/13/08 08:13 AM Re: GM in big trouble. Anyone think the C7 will be delayed?
Smokensparks Offline
Full Throttle Member

Registered: 08/21/04
Posts: 2631
Loc: Never Never Land
I would hate to see GM go down, along with the many suppliers like where Chewy works. I mean that must mean millions of jobs. But I have to wonder where does the bailout money end? A lot of people are in a tough spot.
_________________________
Dan

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#106164 - 11/13/08 05:06 PM Re: GM in big trouble. Anyone think the C7 will be delayed?
BruceF Offline
Full Throttle Member

Registered: 11/30/00
Posts: 5327
Loc: Long Island, NY
I hope someone figures out a way for them to survive without simply throwing money at them and hoping for the best.

I read where a 50% cut in production by the big 3 would result in a loss of 2.5M jobs around the country.

GM says they can't even file for bankruptcy because they don't have the cash to keep operating though the process.

GM also said they don't expect Delphi to survive bankruptcy. If that is true, where are they going to get so many of the parts that Delphi makes?

And even if GM does manage to survive, what might happen to them if Obama renegotiates NAFTA, as promised? GM has so many plants and suppliers in Canada and Mexico these days. The added costs could sink them if they manage to stay afloat until then.

Lots of questions with few good answers.
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99 Navy Blue Metallic, black interior, 6 spd, Z51, HUD, R8C (Museum Delivery featured in the Jan 02 issue of Vette)

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#106165 - 11/13/08 08:32 PM Re: GM in big trouble. Anyone think the C7 will be delayed?
J.B. Offline
Full Throttle Member

Registered: 12/02/00
Posts: 10504
Loc: North East
I don't see how our government can give AIG 180 billion and not give GM the 50 billion they are asking for...

How many people work (and would lose their jobs) if AIG went out of business vs...the 3 big three american automakers...?

I recently read that toyota, and honda are saying the worst thing that oculd happen to them would be if GM went bankrupt....

Reason being if GM goes bankrupt so would their suppliers... and since GM and toyota and Honda share suppliers....the foreign makers wouldn't have a plan to deal with production and the effected suppliers going bankrupt...
_________________________
2008 Black/blk C6 Z51 NPP M6
2008 Silver/blk CTS FE2 AWD 304hp

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#106166 - 11/13/08 08:58 PM Re: GM in big trouble. Anyone think the C7 will be delayed?
J.B. Offline
Full Throttle Member

Registered: 12/02/00
Posts: 10504
Loc: North East
John Smith started the day early having set his
Alarm clock



(MADE IN JAPAN ) for 6am.


While his coffeepot



(MADE IN CHINA )



Was perking, he shaved with his



Electric razor



(MADE IN HONG KONG ).



He put on a



Dress shirt



(MADE IN SRI LANKA ),





Designer jeans



(MADE IN SINGAPORE )



And



Tennis shoes



(MADE IN KOREA )



After cooking his breakfast in his new



Electric skillet



(MADE IN INDIA )





He sat down with his



Calculator



(MADE IN MEXICO )



To see how much he could spend today. After setting his



Watch



(MADE IN TAIWAN )



To the radio



(MADE IN INDIA )



He got in his car



(MADE IN GERMANY )



Filled it with GAS



(from Saudi Arabia )



And continued his search





For a good paying AMERICAN JOB.



At the end



Of yet another discouraging



And fruitless day



Checking his



Computer



(Made In Malaysia ),



Joe decided to relax for a while.



He put on his sandals





(MADE IN BRAZIL )



Poured himself a glass of



Wine



(MADE IN FRANCE )





And turned on his



TV



(MADE IN INDONESIA ),



And then wondered



Why he can't find



A good paying job



In AMERICA .

Y'all gotta Keep this one circulating, please
_________________________
2008 Black/blk C6 Z51 NPP M6
2008 Silver/blk CTS FE2 AWD 304hp

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#106167 - 11/14/08 10:14 AM Re: GM in big trouble. Anyone think the C7 will be delayed?
Smokensparks Offline
Full Throttle Member

Registered: 08/21/04
Posts: 2631
Loc: Never Never Land
Sad but true.
_________________________
Dan

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#106168 - 11/14/08 05:52 PM Re: GM in big trouble. Anyone think the C7 will be delayed?
leadfoot Offline
Full Throttle Member

Registered: 07/31/01
Posts: 5086
Loc: Pennsylvania
GM less than $3 a share and Ford less than $2 got to go up options might be smart to look into.. we are in the perfect financial storm getting hit from many directions with heavy blows... batten down your hatches..
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SOLD MY C5 found my next one and it is a C6.

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