Also, we are reluctant shareholders in this company, which we have no interest running. On another note, paraphrasing, “the Chrysler bankruptcy was completed in 31 days– suck it, experts.”
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What’s good for GM is good for GM.
what about hope? does it got any hope?
I believe in you!
– Phil Lebeau
The car people are nodding!
Insightful comment.
Well gosh, I am glad we have this all solved. I was not appreciating reasons for possible red ticks on my tape.
Long live the US plan of going green at any cost. Nothing to do with the environment.
This is what happens when a bunch of uneducated union members end up writing law.
The mobocracy is now in full swing.
Old phil is starting to behave like the government guys who were there to watch the corporations, he is losing his objectivity fast.
“The filing indicates a fast trak plan to become a new competitive company” –
wait GM is merging with Honda?
Did you see the letter circulating on the internet written by one of the dealers put out of business? It is a strong letter but you feel sorry for the guy, they made him build a new showroom and get in debt over a million and then dumped him? Wonder how many others had this occur?
Have we all read about the “not quite graduate” of Yale Law, Brian Deese? Is he real? 31 yrs old, in charge of “dismantling” GM. From the NYT:
“(Had)never set foot in an automotive assembly plant until he took on his nearly unseen role in remaking the American automotive industry.”
“Mr. Deese’s role is unusual for someone who is neither a formally trained economist nor a business school graduate, and who never spent much time flipping through the endless studies about the future of the American and Japanese auto industries.”
@merkin- aka Wet Nurse
I’m an oath taker, what does “credible” mean?
Did anybody hear the bit about GM building a larger share of cars in the US? I’m guessing that the White House demanded that as part of the restructuring deal.
Protectionism is on its way! Or it’s already been here…
this is about as credible as “mo one is more focused on cutting the deficit as barak obama”…
So, if we’re lucky, and GM stabilizes as a viable entity with an enterprise value of about $20-30B, then we’re only spending about $300-$400k for each job saved. Or it could go bankrupt in a few years and then we’ll be spending $70-odd billino for nothing. Tax time is going to feel so rewarding this year.
I’m all for building a larger share of their cars in the US as long as it means dumping SAAB. I wonder which developing-economy sucker will be willing to take on a company that has had exactly one profitable year in the last 20.
@10, link please.
The only things I buy from the US Government is…..probably required by law.
GO USSA!
Can someone explain to me why GM stock is up today, I thought the common equity holders just became shit on toilet paper in a bankruptcy?
because obama said so!!! US Govt, the biggest, baddest, hottest fund in the world!
@20. Same people who bought GM vehicles.
@20 people have to cover shorts before it gets delisted.
Guests@#10,#18…
I don’t have a link, but TGFD heard on the radio last week that obama targeted the GM & Chrysler dealers who were large Republican contributors.
The dealer that #10 mentioned is one of them.
The Guy from Delaware
“Ancient Bastard”
Lets face it, even the name GM in that stupid blue logo sucks. If i never see another GM car it will be not be long enough.
Great reference 12