Comments on: GM shares hit 76 year low

By: Duck

Duck — Fri, 15 May 2009 02:33:39 +0000

It will probably teach GM and Chrysler a lesson. So it will benefit them in the long run.

By: topdog

topdog — Thu, 14 May 2009 10:41:45 +0000

Its all prob just a plan to go into chapeter 11 and just wipe out all there dept and just start again .looks like there been planning it all along

By: adam (aka mada)

adam (aka mada) — Thu, 14 May 2009 06:02:45 +0000

Frontman,
Correct, GM and Crysler in effect will have it easier than Ford filing for Chapter 11 bankruptcy to correct thier current business issues.
Makes you wonder.
The one area GM and Cryselr will struggle compared to Ford is product development and lead times, Ford will release a larger number of newer models faster.
It appears though that Ford is starting to see some effort for the hard work over the last 2 years.
Ford also doesn’t have the stigma of taking federal money to keep thier company operating.

By: Frontman

Frontman — Thu, 14 May 2009 05:31:53 +0000

Adam & EH179 (still reckon they were cool “For Holdens;-) )
It’s good to see that some people actually do have a grasp on what is really happening {not just themselves}. The only real annoying thing about this is that it will allow GM to do what Ford has done but with a lot less pain & effort.

By: eh179driver

eh179driver — Thu, 14 May 2009 04:35:01 +0000

Adam, Toyotas true loss is actualy 26 billion. In 2008 they recorded an 18 billion profit. Sales of Toyota’s in some countries are down 72%.
To all of the rst of you, if GM enters bankruptcy, it will be chapter 11 which is bankruptcy protection. This gives them a period of time to restructure the company while creditors are not paid and cannot take action to reclaim monies owed or court actiion to wind GM up. It could be for as little as 3 months or as long as GM want or need. They will emerge from the chapter 11 a stronger, leaner and better company. If it happens, none of the overseas operations will be affected. However GM are in the middle of reviewing all overseas operations to see which are viable and which are not.

By: adam (aka mada)

adam (aka mada) — Thu, 14 May 2009 00:14:05 +0000

Sad1,
Oh, Toyota lost over 7 billion in 3 months, production cuts of 28%…I guess Toyota peddle rubbish also.
Meanwhile Ford lost 1.8 billion, they are making no significant production cuts and gaining Market share in Europe and the US.

Aagain the misinformed strike again!

By: Schah7

Schah7 — Wed, 13 May 2009 23:45:17 +0000

Sad1
Well maybe its G.M thats peddles rubbish vehicles to an even larger extent as Ford are NOT bankrupt or keep bludging our hard earnt taxes and owing the U.S Govt. 15 Billon Dollars, Oh hang on, that was yesterday, what is it Today.?!
“Tiss rather “Sad” is in it “Sad1″

By: RoFlmaTiC

RoFlmaTiC — Wed, 13 May 2009 13:34:12 +0000

already*

By: RoFlmaTiC

RoFlmaTiC — Wed, 13 May 2009 13:33:57 +0000

I predict GM to announce bankruptcy by the end of the week. They alredy only a few cents away from being delisted from the Dow Jones index.

By: Sad1

Sad1 — Wed, 13 May 2009 12:50:46 +0000

Who cares?

Noone wants their clumsy products.

I hope Ford go the same way, they have peddled rubbish vehicles for years.