GM,Titanic of the 21'st century.

[Junk Whisperer]

Abandon Ship! www.marketoracle.co.uk/article9129.htm . She's rolling over ;D! Oh,well. See where GREED gets ya? ~J/W-006.

[Schtauffer]

Re: GM,Titanic of the 21'st century.

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[SpiderGearsMan]

Re: GM,Titanic of the 21'st century.

greed ??? HUMBUG !! how bout unfair trade practices ?
congress - bought and paid for by the empire of japan

[Junk Whisperer]

Re: GM,Titanic of the 21'st century.

That as well,Spidey. Still,it's been a LONG time comming to sink this Rock(GM as a whole...). And NOW'S the time. ~J/W-006.

[dieselgeek]

Re: GM,Titanic of the 21'st century.

greed ??? HUMBUG !! how bout unfair trade practices ?
congress - bought and paid for by the empire of japan

I thought it was China that holds most of our debt???

[SpiderGearsMan]

Re: GM,Titanic of the 21'st century.

ford will be getting repoed too
I am sure the japanese taxpayer is propping up nissan , subaru , mitsubishi
if gm goes under , where will bmw buy trannys from ?

[Schtauffer]

Re: GM,Titanic of the 21'st century.

linky no worky

[455 LeMans]

Re: GM,Titanic of the 21'st century.

greed ??? HUMBUG !! how bout unfair trade practices ?
congress - bought and paid for by the empire of japan

Word

[min301]

Re: GM,Titanic of the 21'st century.

ford will be getting repoed too
I am sure the japanese taxpayer is propping up nissan , subaru , mitsubishi
if gm goes under , where will bmw buy trannys from ?

ZF, where they get em now.

[dieselgeek]

Re: GM,Titanic of the 21'st century.

I am sure the japanese taxpayer is propping up nissan , subaru , mitsubishi

I wouldn't be so sure. most of those companies' finance departments have been able to use black ink the past 20 years.

[SpiderGearsMan]

Re: GM,Titanic of the 21'st century.

not now

[dieselgeek]

Re: GM,Titanic of the 21'st century.

not now

I don't see Toyota or BMW asking for handouts. A slightly down market isn't making them consider bankruptcy, and there's no cashflow shortage. And no multi billion dollar losses for years on end either.

Sorry bro, I just can't see how we can blame the "Japanese" (wrong race, FYI) for GM's troubles. in fact I can't see blaming anyone else but Japan, and the people who buy cars they cannot afford.

I hate to be the realist here, but I also believe the "bailout money' was a total waste of time. It's absolute BS to say that losing GM would cause "unbelievable catastrophic economic woes" when the reality is, there's *maybe* 150,000 people whose jobs would be directly affected by them going under.

As a country, we laid off more than that in the last week.

[SpiderGearsMan]

Re: GM,Titanic of the 21'st century.

the general has over 1 million employees
never mind dealer personnel and suppliers
the press always downplays the effect the automotive segment has on the economy as they are greenies
plus the unions have bought and paid for the current administartion in DC

they will never let GM close
BMW is having some bad problems too - lexus is making a new IS that is better than anything bimballs makes in that BAVARIAN SWEATSHOP

[SpiderGearsMan]

Re: GM,Titanic of the 21'st century.

Feb 27 - Standard & Poor's Ratings Services said today that it revised its
outlook on German automotive manufacturer BMW AG (BMWG.DE) to negative from
stable, and affirmed the 'A/A-1' long- and short-term corporate credit ratings
on the group. The group has not yet reported its full set of results for 2008, but in
consideration of the difficult automobile and financial market conditions in
2008, Standard & Poor's anticipates that the group's financial measures will
have weakened during the course of the year with respect to the end of 2007. "The negative outlook reflects our anticipation that continued tough
market conditions in the automotive sector in 2009 might lead to a weakening
of the group's profitability and cash generation beyond what can be sustained
by its existing financial risk profile, and that this might result in a
weakening of the company's debt-protection measures," said Standard & Poor's
credit analyst Barbara Castellano.

[dieselgeek]

Re: GM,Titanic of the 21'st century.

the general has over 1 million employees
never mind dealer personnel and suppliers
the press always downplays the effect the automotive segment has on the economy as they are greenies
plus the unions have bought and paid for the current administartion in DC

they will never let GM close
BMW is having some bad problems too - lexus is making a new IS that is better than anything bimballs makes in that BAVARIAN SWEATSHOP

Gm has less than 200,000 employees right now Spidey.

And BMW's "profits" went down this year. how long has it been since the General had a quarter in the black?!?!?

Keep on blaming the media, the current administration, whatever - if it helps. Facts are a bitch for sure.