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11/8/08 8:55am - Original Message: 'Whats going to happen to GM ?'
steves74 Lifetime Member
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Klamath Falls, OR - USA

Vette(s):
74 coupe 4 speed 350, 54K actual miles, all original; paint, interior, engine, split bumper. #'s match. 2nd owner, no stress cracks.

Joined: 2/1/2006
Posts: 1059
With all the bad news on GM, whats going to happen?  And the Corvette?
The stock price is in the toilet.
Running out of money and loosing money.
Talking about bankruptcy.
looking for a government bailout.
And the list goes on and on...Confused




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Steve, Lifetime Member #129

74 coupe 4 speed 350, 54K actual miles,
all original; paint, interior, engine,
split  bumper. #'s match. 2nd owner, no stress cracks.
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11/8/08 10:50am - Reply: 'Whats going to happen to GM ?'
Gene
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Fort Wayne, IN - USA

Vette(s):
'75 Stingray Coupe - 350 Bored, Edelbrock Alum. Heads, Performer Intake/ Carb., Harland Sharp Roller Rockers, MSD Ign., XE Comp. Cam, Pete Jackson Gear Drive, Hooker Headers, Side Pipes, TH400, 3000 RPM Stall and 3.55 Rear Gears

Joined: 1/17/2005
Posts: 179
Yep... pretty Bad!
Talk about stock prices. FORD (blue light special) $1.80 on 10/24/8  and it has 4 times the dilution.
Worry some economy. 


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11/8/08 10:57am - Reply: 'Whats going to happen to GM ?'
Ron 78 Lifetime Member
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BINGHAMTON, NY - USA

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Joined: 7/19/2003
Posts: 3805
It started with the VolkswagenLOL,Import,Import,Import,cheap,we shoulda stopped it right there and done it ourselves but nooo.I can not see the reason for the prices people are payin for the cars nowadays,and there not even repairable,if it gets bent through it away.I was at a recycle center yesterday"junk yard" brand new vehicles sittin there with crushed corner panels bein scrapped,wassup wid dat.And dont even get me started on the prices were payin for our Vette parts only to find out when we get them they are made in China and dont even fit,this $h!t is totally out of control.Wake up America ShockedShockedAngry

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11/8/08 11:10am - Reply: 'Whats going to happen to GM ?'
rick d
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williamston, NC - USA

Vette(s):
1969 coupe, 350, m22 trans, ac, black on black,

Joined: 1/19/2006
Posts: 353
 When you have CEOs of these companies making 10s of millions of dollars and 30 percent of the average car price paying for retirees, no wonder the industry is in the toilet. The average person cant afford a 30 grand econobox or a 5o grand pickup,,let um go under and some one will rise from the ashes.just my 2 cents worth,,rd

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11/8/08 11:40am - Reply: 'Whats going to happen to GM ?'
steves74 Lifetime Member
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Klamath Falls, OR - USA

Vette(s):
74 coupe 4 speed 350, 54K actual miles, all original; paint, interior, engine, split bumper. #'s match. 2nd owner, no stress cracks.

Joined: 2/1/2006
Posts: 1059
I also read, GM is stopping development of the VOLT.
Has anybody else heard this?


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Steve, Lifetime Member #129

74 coupe 4 speed 350, 54K actual miles,
all original; paint, interior, engine,
split  bumper. #'s match. 2nd owner, no stress cracks.
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11/8/08 12:33pm - Reply: 'Whats going to happen to GM ?'
tuxblacray Lifetime Member
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Greensburg, IN - USA

Vette(s):
Previous: 1984 Silver / Charcoal Coupe, 1988 Maroon Coupe / 1989 Artic White / Mod. Red Int. Coupe, Present:1976 Stingray Black / Black, Auto, 350 slightly modified (355 hp) Luxor Wires Redline Tires. / 2001 Speedway White Vert, Torch Red Int, LS1, Auto.

Joined: 9/24/2003
Posts: 5174
I heard this morning that they need 50 Billion by next year or they will be in deep doo-doo.

Like Gene said Ford is close behind with $$$ worries. Locally the Stealership is offering to you if buy a new Super Duty truck a "free" F150 as well. Trouble is for their asking price you can buy them both straight out for $3 - 4 K. some package deal huh......

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11/8/08 2:20pm - Reply: 'Whats going to happen to GM ?'
Iron82 Lifetime Member
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Vette(s):
1982 Collector Edition #3413

Joined: 7/24/2003
Posts: 2150

Knowing our sh%ty government tried and failed with a $700billion bail out for the recession we are in.   Now they need $300million to bail out the poor quality car companies.  Rolling%20On%20The%20Floor%20Laughing Rolling%20On%20The%20Floor%20Laughing    What's next???   Bailing out the rich!!!  Censored

Oppss...  The Sh%ty government did that with the $700billion...  Censored
Iron822008-11-08 12:22:59

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IRON 82
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11/8/08 2:51pm - Reply: 'Whats going to happen to GM ?'
suncountry Lifetime Member
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Moses Lake, WA - USA

Vette(s):
1976 L48 4-spd, Mahogany Metalic exterior, Buckskin interior 350ci/350hp, 3rd owner, fiberglass spring, 255/50-16's Torq-Thrust II

Joined: 4/16/2005
Posts: 2134
[QUOTE=steves74]I also read, GM is stopping development of the VOLT.
Has anybody else heard this?
[/QUOTE]
I work as a engineer for a larger OEM mobile equipment manufacturer. What happens when you run out of money is shut down all non essential projects, just work on projects that keep the doors open today. Re-size the business to meet today's demand (work force reduction) Ouchand hope you make it through the storm.


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C3VR Lifetime Member #110 We are all young at heart Glen
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11/8/08 8:09pm - Reply: 'Whats going to happen to GM ?'
tinbender
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edgwood, MD - USA

Vette(s):
1975 convertible,with the hard top and power streering.it a 350 L48 with auto trans. the color is light blue.

Joined: 11/1/2007
Posts: 736
 Like Glen said when there no money the plants slow down or worse shut down.I work for a steelmill and where I work at has basicly shut down,we will restart in Jan 09. The goverment bails out big bussisness and leave the working man holding the bill.I feel sorry for the auto worker because they will be the ones left holding the bag. the guys at the top it will effect them how? (GOLDEN PARACHUTE) I got a good idea bail out the working people.

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11/8/08 8:46pm - Reply: 'Whats going to happen to GM ?'
Dejablu Lifetime Member
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Wichita, KS - USA

Vette(s):
2005 Daytona Sunset Orange Coupe ----------- Sold 1974 T-top, 4 spd to BillKS

Joined: 11/10/2003
Posts: 6834
I remember back in the early 80's, things got so bad with the company I worked for, we all took a 15% pay cut so they wouldn't have to lay off anyone.  That lasted about 2 years and when things got better,  the company reimbursed us over the next few years for the pay we lost.  Sometimes ya just gotta bite the bullet and hope everything works out.
 
Larry


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11/8/08 9:11pm - Reply: 'Whats going to happen to GM ?'
Iron82 Lifetime Member
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Vette(s):
1982 Collector Edition #3413

Joined: 7/24/2003
Posts: 2150
[QUOTE=Dejablu]I remember back in the early 80's, things got so bad with the company I worked for, we all took a 15% pay cut so they wouldn't have to lay off anyone.  That lasted about 2 years and when things got better,  the company reimbursed us over the next few years for the pay we lost.  Sometimes ya just gotta bite the bullet and hope everything works out.
 
Larry[/QUOTE]
 
I hear that a lot for the employers.   What happens to the companies boss and high rankers that own the companies.   They don't cut there pay only the employers.   That True or Not?  If so Censored
Iron822008-11-08 19:11:50

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IRON 82
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11/8/08 9:24pm - Reply: 'Whats going to happen to GM ?'
Dejablu Lifetime Member
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Wichita, KS - USA

Vette(s):
2005 Daytona Sunset Orange Coupe ----------- Sold 1974 T-top, 4 spd to BillKS

Joined: 11/10/2003
Posts: 6834
[QUOTE=Iron82][QUOTE=Dejablu]I remember back in the early 80's, things got so bad with the company I worked for, we all took a 15% pay cut so they wouldn't have to lay off anyone.  That lasted about 2 years and when things got better,  the company reimbursed us over the next few years for the pay we lost.  Sometimes ya just gotta bite the bullet and hope everything works out.
 
Larry[/QUOTE]
 
I hear that a lot for the employers.   What happens to the companies boss and high rankers that own the companies.   They don't cut there pay only the employers.   That True or Not?  If so Censored
[/QUOTE]
 
 
I don't know about any other companies, but mine was a small private school and we only had about 20 employees.   I know the owners and they said they were taking a pay cut too, and I believed them.  They were good to work for and I trusted them.   They did us right and you can't say that about a lot of employers.   I worked for them for 22 years and can't say a bad thing about them.  Not too many employers you can say that about.
 
Larry
Dejablu2008-11-08 19:25:45

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11/8/08 10:29pm - Reply: 'Whats going to happen to GM ?'
greypoupon69 Lifetime Member
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Irving, TX - USA

Vette(s):
#1 -1969 Corvette Coupe Riverside Gold, black interior,MN,A/C,350/350,PS,PB,window cranks. #2 -2000 C5, black/black, 6 sp, Bose system & lots of buttons.

Joined: 8/21/2004
Posts: 4273
If all the fat cats of these companies in trouble would cut their salaries in half, it would save the company and the workers that MAKE the company what it is.  GREED has really messed up a lot of lives.AngryCensored  That's just WRONG.Angry  Censored
 
EEEWWW....if they merge with Chrystler are they gonna make a CorViper?Dead
greypoupon692008-11-08 20:29:34

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11/9/08 1:06am - Reply: 'Whats going to happen to GM ?'
Aaron1976
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Vancouver, WA - USA

Vette(s):
1976 Corvette Stingray L-48 Automatic Black

Joined: 11/17/2007
Posts: 830
Joe Six Pack can't by a 20K+ car and his house is not worth what he first bought it for 5 years ago, his credit cards are helping him pay his bills, his employer is cutting back and not offering him overtime that he needs to get by. The big company CEO's are out of touch with the Joe Six Packs out there and as long as our Government lets them suck millions from these companys and lay off Joe Six Pack after they get those giant bonuses our country will not improve. 

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11/9/08 1:47am - Reply: 'Whats going to happen to GM ?'
acplus
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, - Canada

Vette(s):
1972, 1980

Joined: 6/23/2008
Posts: 558

More than likely the goverment will step in after Gm requests receivership protection, and maybe with any luck at all, the higher management will then have to take a pay cut and get  realistic paycheques and hopefully Joe Six Packs (as stated above) will be able to maintain their jobs.



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11/9/08 12:27pm - Reply: 'Whats going to happen to GM ?'
Iron82 Lifetime Member
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Vette(s):
1982 Collector Edition #3413

Joined: 7/24/2003
Posts: 2150
[QUOTE=acplus]More than likely the government will step in after Gm requests receivership protection, and maybe with any luck at all, the higher management will then have to take a pay cut and get  realistic paycheques and hopefully Joe Six Packs (as stated above) will be able to maintain their jobs.[/QUOTE]
 
I don't believe any high ranking management person/s will ever take a pay cut.   They would come up with a ill excuse saying to stay with there huge pay and bonuses.   Angry
 
 


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IRON 82
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11/9/08 2:19pm - Reply: 'Whats going to happen to GM ?'
corvette440hp Lifetime Member
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Joined: 7/2/2006
Posts: 8205
We..........all of us will be in serious trouble. I predicted this would happen by the year 2010. I guess my prediction was off a bit. The government can't allow it to happen.Wits%20End

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11/9/08 6:07pm - Reply: 'Whats going to happen to GM ?'
acplus
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, - Canada

Vette(s):
1972, 1980

Joined: 6/23/2008
Posts: 558
So true,

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11/9/08 8:02pm - Reply: 'Whats going to happen to GM ?'
KDADDY79
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Dutchess County, NY - USA

Vette(s):
White '79 Corvette. It's a driver.

Joined: 8/27/2007
Posts: 2484
We have all heard the expression "Too many chiefs and not enough Indians".
From my perspective many companies and agencies have way too many well educated people who don't do much for the company other than collect large salaries. What do they actually do during a days work?
Let them wear their hush puppies and bow ties somewhere else and let them pay for their own finger sandwiches and bloody marys.
The poor guy in the field can't afford a new pair of boots and is eatin' a baloney sandwich for lunch.
OK (Rant'n 'N Ravin' done for now.)
 
I sure hope the Corvette survives.
Kevin
KDADDY792008-11-09 18:04:06

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11/9/08 10:14pm - Reply: 'Whats going to happen to GM ?'
tb2k82ce Lifetime Member
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Lemon Grove, CA - USA

Vette(s):
1982 C3 Collectors Edition 44000 miles, sat in the sun most of it's life, My wife purchased it for me for fathers day in 2007 from her girl friend that had it for 19 years. It is on the road again. I'm retired but it is now my daily driver.

Joined: 10/17/2007
Posts: 2007
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I hear a lot of talking and I have always wondered how much of the car price is due to environmental issues.  Now Iím for clean air and in California it has not always been clean.  But Iím not for spending a lot of money and only getting marginal improvements.

 

For example how many people know that it takes ĺ of a gallon of diesel fuel to produce 1 gallon of bio-diesel.  Is the pollution that comes from burning ĺ of a gallon of diesel added to the pollution of 1 gallon of bio-diesel greater than just burning 1 gallon of diesel.  My guess is it is better to just burn diesel. 

 

Of course the bunny huggers do not like people to reason.  The cars are smaller cost a lot more and how much cleaner is the air?  How about some of the additives what is the cost of those in pollution?



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