BTW, what exactly does bankruptsy mean? I have no doubt that GM worldwide will go on to make billions of more dollars. Who is the real losers? and who is the real winner?
"ASLplease" said BTW, what exactly does bankruptsy mean? I have no doubt that GM worldwide will go on to make billions of more dollars. Who is the real losers? and who is the real winner?
The losers will be the workers who will watch their pensions disappear as a result of the Chapter 11 bankruptcy protection GM will be under.
"xerxes" said BTW, what exactly does bankruptsy mean? I have no doubt that GM worldwide will go on to make billions of more dollars. Who is the real losers? and who is the real winner?
The losers will be the workers who will watch their pensions disappear as a result of the Chapter 11 bankruptcy protection GM will be under.
"xerxes" said BTW, what exactly does bankruptsy mean? I have no doubt that GM worldwide will go on to make billions of more dollars. Who is the real losers? and who is the real winner?
The losers will be the workers who will watch their pensions disappear as a result of the Chapter 11 bankruptcy protection GM will be under.
And Manufacturers, and their employees who were 90+ days in arrears for parts that have already driven out of the factory as part of a vehicle that Government Motors will get paid for. But the manufacturer will be lucky to see 10 cents on the dollar.
So, did the thousands of people with GMAC loans just win the lottery? If I had a GM loan, they'd have a pretty raw time trying to get another nickel out of me.
For all the hatred against the Unions, GM has produced some brilliant and culturally significant cars over the past 50 years and that achievement alone cannot be ignored.
"Lemmy" said So, did the thousands of people with GMAC loans just win the lottery? If I had a GM loan, they'd have a pretty raw time trying to get another nickel out of me.
you're obviously kidding. Bankruptcy is protection against creditors, not debtors.
If anything, they will be even more aggressive to make sure they collect every last penny.
Mobile
Do I sense a democratization of the industry? instead of 1 big company, will these divisions be sold off in whole or in part to smaller companies?
"GM will shed its Pontiac, Saturn, Hummer and Saab brands and cut loose more than 2,000 of its 6,000 U.S. dealerships by next year."
Do I sense a democratization of the industry? instead of 1 big company, will these divisions be sold off in whole or in part to smaller companies?
Magna International (Canadian Company!) already has dibs on both GM's Vauxhall U.K. Division, and Opel in Germany.
Magna can already produce licensed versions of many vehicles, such as Chrysler Minivans, and the Mercedes G Wagon.
http://business.timesonline.co.uk/tol/b ... 391072.ece
BTW, what exactly does bankruptsy mean? I have no doubt that GM worldwide will go on to make billions of more dollars. Who is the real losers? and who is the real winner?
The losers will be the workers who will watch their pensions disappear as a result of the Chapter 11 bankruptcy protection GM will be under.
BTW, what exactly does bankruptsy mean? I have no doubt that GM worldwide will go on to make billions of more dollars. Who is the real losers? and who is the real winner?
The losers will be the workers who will watch their pensions disappear as a result of the Chapter 11 bankruptcy protection GM will be under.
So very true.....
BTW, what exactly does bankruptsy mean? I have no doubt that GM worldwide will go on to make billions of more dollars. Who is the real losers? and who is the real winner?
The losers will be the workers who will watch their pensions disappear as a result of the Chapter 11 bankruptcy protection GM will be under.
And Manufacturers, and their employees who were 90+ days in arrears for parts that have already driven out of the factory as part of a vehicle that Government Motors will get paid for. But the manufacturer will be lucky to see 10 cents on the dollar.
For all the hatred against the Unions, GM has produced some brilliant and culturally significant cars over the past 50 years and that achievement alone cannot be ignored.
*Hats off*
So, did the thousands of people with GMAC loans just win the lottery? If I had a GM loan, they'd have a pretty raw time trying to get another nickel out of me.
you're obviously kidding.
Bankruptcy is protection against creditors, not debtors.
If anything, they will be even more aggressive to make sure
they collect every last penny.
Miss a payment and watch what happens