Announcement
Collapse
No announcement yet.
Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
Collapse
X
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
If they file Chapter 11, they may get out from under the UAW, finally. They also believe that no one will buy a car from a company that is under Chapter 11. I'm thinking that they did some polling on that question and maybe see it a little more optimistic than before.BS'er formally known as Rebeldryver
Resident Instigator
sigpic
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
Originally posted by jerrys96lt4I would rather buy a car from GM in chapter 11 VS the sinking ship there on now JMO
and the american people have seen other companies go through chept 11
and are still around..
I think , the fear of it going belly up..
is whats stop'n buyers..
so ditto
Comment
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
Originally posted by BeagleBraniff...
Comment
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
Originally posted by RebeldryverIf they file Chapter 11, they may get out from under the UAW, finally. They also believe that no one will buy a car from a company that is under Chapter 11. I'm thinking that they did some polling on that question and maybe see it a little more optimistic than before.
I flew on Delta Airlines when they were in bankruptcy without fear that the wings would fall off the plane.
Comment
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
I want GM to stay solvent and make cars. However that happens. I can't believe they didn't do the chapter 11 a yr ago. Wish they had - then we wouldn't have had to pay out for thier unsustainable business practices- -ie: 'legacy costs'. I feel really bad for all the GM employees who stayed with the company for decades thinking they would be set for retirement, with health care and good income.......not gonna happen. I would be stunned if GM closed its doors totally.Mike in Southwest Ohio
Comment
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
All of this scares me shitless.My dad just retired from gm in july of 08' after 41 years of service and he could end up living on my couch! God I hope they get their stuff together.Coming at you live from the birthplace of GM,Flint,Mi. Where your car is worth more than the property it's parked on.
Comment
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
maybe instead of asking the workers to give up stuff.
they should ask the worker AND retired..
you think the retired will say o.k. untill you get back on your feet, we'll take a cut, in our checks..
if it'll save our retirement.. ??????
bet they all say no,way..
Comment
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
Originally posted by RebeldryverIf they file Chapter 11, they may get out from under the UAW, finally. They also believe that no one will buy a car from a company that is under Chapter 11. I'm thinking that they did some polling on that question and maybe see it a little more optimistic than before.
Comment
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
GM was opposed to a bankruptcy filing last year because the thought was that it would scare off too many potential customers. The customers have responded by saying that they?re scared shitless anyway as sales continue to plummet by massive amounts month after month.
Comment
-
Re: Friday Excuse to Go Home Early and Drink: GM Considering Bankruptcy
Originally posted by Matt CramerGM was opposed to a bankruptcy filing last year because the thought was that it would scare off too many potential customers. The customers have responded by saying that they?re scared shitless anyway as sales continue to plummet by massive amounts month after month.
I don't get it..
wallstreet f's over everyones retirement accounts..
some stealing billions..
and thats bad..
g.m. try'n it's damest not to file chapt 11 .
to save the retired workers retirement..
is stupid, and "management finally get it"
g.m. is in the same boat as the govenment (i.e. us)
they have to much retirement baggage..
and we do to.. with S.s. for the retired..
only difference is, the govenment can keep going farther into the red..
and no one questions it.. or fixes it..
if you think g.m. got retire pension issues..
look at your town/state/fed. governments..
Comment
Comment