Topic: Whats going to happen to GM ?
in Forum: All Vettes Discussion
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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...
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...
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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Fort Wayne, IN - USA
Joined: 1/17/2005
Posts: 179
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
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.
Talk about stock prices. FORD (blue light special) $1.80 on 10/24/8 and it has 4 times the dilution.
Worry some economy.
It started with the Volkswagen
,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 
,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 C3VR Lifetime Member #93
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
I also read, GM is stopping development of the VOLT.
Has anybody else heard this?
Has anybody else heard this?
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.
Lifetime MemberGreensburg, IN - USA
Joined: 9/24/2003
Posts: 5188
Vette(s): Previous: 1984 Silver / Charcoal Coupe, 1988 Maroon Coupe / 1989 Artic White Coupe / 2001 Speedway White Roadster / Present:1976 Stingray Black / Black, Auto, 350 slightly modified (355 hp) Luxor Wires Redline Tires. / 1989 Roadster Bright Red...
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 $$$ worries. Locally the Stealership is offering to you if buy a new Super Duty truck a "free" F150 as well. Trouble is for their asking price you can buy them both straight out for $3 - 4 K. some package deal huh......
Like Gene said Ford is close behind with $$$ 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......
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. 
What's next??? Bailing out the rich!!! 
Lifetime MemberModerator
Moses Lake, WA - USA
Joined: 4/16/2005
Posts: 2134
Vette(s): 1976 L48 4-spd, Mahogany Metalic exterior, Buckskin interior 350ci/350hp, 3rd owner, fiberglass spring, 255/50-16's Torq-Thrust II
[QUOTE=steves74]I also read, GM is stopping development of the VOLT.
Has anybody else heard this?
[/QUOTE]
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) 
and hope you make it through the storm.
and hope you make it through the storm.
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.
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
The difference between men and boys is the cost of their toys!!
in Forum: All Vettes Discussion
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