I never thought I would ever ask this question. Will mighty GM fail? I wonder how this will effect the value of the GM Classics, especially the ol TRI-FIVE's?
Will GM Go Under:
coupe55
1 - 20 of 27 Posts
Joined
·
1,197 Posts
I believe they will restructure under Chapter 11, if it comes to that. My feelings is stop making so many different choices of cars, you don't need to please everyone. I think they are hurting not only by car sales but all the overstock they have to produce for all the cars they produce. Also, the double badging needs to stop as well. You don't need a Cadillac Avalanche, the Chevy will do.
This also needs to be done at Chrysler as well.
I think the value of classics will go down some as the demand for them won't be as great. People now are holding on to their money more then spending it.
This also needs to be done at Chrysler as well.
I think the value of classics will go down some as the demand for them won't be as great. People now are holding on to their money more then spending it.
Joined
·
5,002 Posts
I'm with Travis. At this time it would be best if they did file Chapter 11. Then they can restructure their union contracts and get back to making cars people like. The could rebuild GM and come back out on top but with the new regulations that will soon be applied to all automakers it is possible that even the other 2 big dogs will not survive. Combine that with the carb credit stuff that is being proposed and the cafe tax and all the other taxes and none of the automakers will survive. Toyota has plants in Kentucky and they are laying off people. With all the tax increases we will soon see, we will not be able to afford new vehicles so it is a guess right now.
As for the value of our cars, they will probably drop in value because no one will be buying them because they can't afford them. JMHO.
Josh
As for the value of our cars, they will probably drop in value because no one will be buying them because they can't afford them. JMHO.
Josh
Joined
·
72 Posts
Legacy Cost
I think the outsourcing got them also, the 30 year push to build overseas to take acvantaqge of the cheap labor, no health insurance and retirement cost, no environmental cost either. I feel for the auto workers, if you stand on your feet for 30 years on a job you should have retirement and health care.
I remember seeing a Belair concept car a few years ago, retro 55 convertible. That may be the ticket, build it and name it the Legacy. Part of a "save GM campaign".
I believe I would buy it if they stayed true to the concept car they brought to the Detroit Auto Show a few years back.
I think the outsourcing got them also, the 30 year push to build overseas to take acvantaqge of the cheap labor, no health insurance and retirement cost, no environmental cost either. I feel for the auto workers, if you stand on your feet for 30 years on a job you should have retirement and health care.
I remember seeing a Belair concept car a few years ago, retro 55 convertible. That may be the ticket, build it and name it the Legacy. Part of a "save GM campaign".
I believe I would buy it if they stayed true to the concept car they brought to the Detroit Auto Show a few years back.
Joined
·
8,190 Posts
I have only one relative who works in a auto plant now. But there are three more who are retired, all who have some form of injury form the repetitive work they did for years. I'm in agreement that they should be taken care of healthwise. My sister left Jeep at twenty five an hour. But the new hires over the past five years, will only ever see eighteen. And there is no longer a retirement.
Sure, they will build it. It will be WAY over priced, dealers will tack on another 10K and the average guy won't be able to afford it. Saw it with the new T-Bird, The Challenger, etc..........And I am sure the new Camaro will be the same.
Joined
·
11,837 Posts
I'm afraid I don't have any visions of buying another "new" car from any vendor so I won't be helping them out. That said, I don't want them gone!
Don
Don
Joined
·
72 Posts
China Chevy
Well it's not fair they have to compete with China they have ********** health care and retirement, such as it is.
Maybe this Universal Health care will lower the Auto corporations cost? If they go with a ********** retirement plan that everybody pays into as China does, who knows. I think they call that socialism though, but what the heck we trade with communist. WalMart may start selling Chevy's. If GM had been taking care of their American customers instead of breaking into that China market they might not be on the auction block now.
I remember when AMC and Studebaker failed, De Soto, but they may have been part of Chrysler. It happens!
Well it's not fair they have to compete with China they have ********** health care and retirement, such as it is.
Maybe this Universal Health care will lower the Auto corporations cost? If they go with a ********** retirement plan that everybody pays into as China does, who knows. I think they call that socialism though, but what the heck we trade with communist. WalMart may start selling Chevy's. If GM had been taking care of their American customers instead of breaking into that China market they might not be on the auction block now.
I remember when AMC and Studebaker failed, De Soto, but they may have been part of Chrysler. It happens!
Thanks Carl. You said it for me !!!!!!!!!!!!!-Keithblaming the unions, here we go again
Joined
·
254 Posts
Ok here is another 2 cents worth....!!!
And if Americans cared enough about America and our economy, they would buy American made products. I'm not talking about the Hondas, Nissans and Toyotas that some people have the nerve to call American made products either..!!! Makes no difference where those FOREIGN cars are produced THE PROFIT GOES STRAIGHT TO SOME OTHER COUNTRY, PEOPLE..!! Then they turn around and use that massive profit to come back here to America and BUY OUR PROPERTY, OUR COUNTRY..!!!
So using the excuse that foreign cars are cheaper and better than American made cars will spell the end of our auto industry, our industrial base, and many millions of jobs beyond the auto workers and ultimately our ownership of America.
Just my humble American opinion....DK
And if Americans cared enough about America and our economy, they would buy American made products. I'm not talking about the Hondas, Nissans and Toyotas that some people have the nerve to call American made products either..!!! Makes no difference where those FOREIGN cars are produced THE PROFIT GOES STRAIGHT TO SOME OTHER COUNTRY, PEOPLE..!! Then they turn around and use that massive profit to come back here to America and BUY OUR PROPERTY, OUR COUNTRY..!!!
So using the excuse that foreign cars are cheaper and better than American made cars will spell the end of our auto industry, our industrial base, and many millions of jobs beyond the auto workers and ultimately our ownership of America.
Just my humble American opinion....DK
Joined
·
6,799 Posts
I think it's sad many of the parts as well as some of the cars are made outside our borders. Yet these companys expect Americans to buy there end product. I think it's time for them (as well as other companys) to consider putting Americans back to work. Purchase their goods from American businesses. We've seen enough of our manufacturing sector scuttled. It's time to put America back to work, not the foreigners!
"Universal health care" isn't going to happen, at least now. What's going to happen is that those who don't work or won't pay for it are going to "think" they have a better health care deal - and maybe those who work for companies that don't have health care benefits will join in to "thinking" they have a better deal, to some degree. But those who already have health care benefits (such as auto workers and their employers) will continue to have the rising costs, and lowered coverage as well as rising taxes to pay for others. It's not going to help anyone who's got it already by any means. So this deal won't save the auto workers or the auto manufacturers by any means.
I think this deal goes to the lowest common denominator for most people. Which means that those that have will have less, and that's way more of us than will be helped.
I think Auggie is right, "they" aren't going to let GM go away or fail entirely, but "they" are going to do their best to control it, and that may not be much better than failing completely.
Notice that Ford and the UAW have agreed on concessions this week. I think that's significant. I haven't seen too many details on what the concessions were, probably not enough, but probably better than nothing.
I'm trying to state the facts as I see them. Not necessarily the way I'd prefer.
I think this deal goes to the lowest common denominator for most people. Which means that those that have will have less, and that's way more of us than will be helped.
I think Auggie is right, "they" aren't going to let GM go away or fail entirely, but "they" are going to do their best to control it, and that may not be much better than failing completely.
Notice that Ford and the UAW have agreed on concessions this week. I think that's significant. I haven't seen too many details on what the concessions were, probably not enough, but probably better than nothing.
I'm trying to state the facts as I see them. Not necessarily the way I'd prefer.
Joined
·
1,159 Posts
hope for gm
i belive johnson and evenrude outboard company went through the same thing couple years back they were like gm in the outboard industry but they didnt spend enough time and money on there future and they to went bankrupt and boughtout right by bomadier they left the name johnson and evenrude but upgrade there product with new tcnoligy.and now are on top with there new e-tech motor-so there is hope for gm hopfuly they will do the same:tu
i belive johnson and evenrude outboard company went through the same thing couple years back they were like gm in the outboard industry but they didnt spend enough time and money on there future and they to went bankrupt and boughtout right by bomadier they left the name johnson and evenrude but upgrade there product with new tcnoligy.and now are on top with there new e-tech motor-so there is hope for gm hopfuly they will do the same:tu
Joined
·
3,370 Posts
I agree with DK...........what do we expect, when everybody is buying Toyota and Honda? And we shop for tools at Harbor Freight? And shop at WalMart?
The UAW workers who have their healthcare provided by their employer, and the retirees, may want to watch their tax liability. The current administration is looking at taxing you on the amount of insurance premiums paid on your behalf by your employer. Wait till that one hits!
It's gonna get ugly out there............no matter who you pin the blame on.
The UAW workers who have their healthcare provided by their employer, and the retirees, may want to watch their tax liability. The current administration is looking at taxing you on the amount of insurance premiums paid on your behalf by your employer. Wait till that one hits!
It's gonna get ugly out there............no matter who you pin the blame on.
1 - 20 of 27 Posts
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
-
?
