GM: Building Small Cars In U.S. "A Winner"

Idi O Syncrasy wrote:

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GM's built small cars before.
Isn't Ralph Nader still driving his Corvair?
With the help of Congress now, GM(Government Motors) will get real small!
Just look at what Obama's help has done to GM's stock!
He ransacked a $6.95 per share stock and obliterated it into .75cents.
At least Obama's consistent.
Ford, the only non-nationalized U.S.Automaker, has a Fusion Hybrid getting an amazing 41MPG!!
Highest in the industry for a mid-size.
That Fiesta coming out is economic, safe and sharp.
Henry would be proud of Alan Mulally.
Keeping capitalism alive for our childrens future.

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Betterworld wrote:

We will all be better off after GM's bankruptcy. We will have cars that we want to buy and the USA will be stronger. Why would I want to buy a car that will destroy the environment? I do not! But thanks to the GM restructuring and Pres. Obama's environmntal policies. I can now live in a better and more competitive world. Change is in the air!

Joe wrote:

Bondholders will take what they can get, stockholders don't have rights, so they take a bath. That's capitalism, if you don't like it move to Cuba.
The Banks are already diving into this deal, and judging by last thursday's bond volume appetite for this deal is big. You don't want that bet, move aside, they are waiting for the first issuance after bankruptcy.
Actually, that number was 13.4 Billion not 13 billion, and it was Bush who gave handed it over, funds were made available from the Emergency Economic Stabilization Act of 2008 on Dec 19, 2008. Bush used executive authority to declare that TARP funds may be spent on any program he personally deems necessary to avert the financial crisis. Obama directed Justice department to take that matter to court since it was illegal.
I've been through dozens of bankruptcies, the only difference on this one is the size. This is looking quite smooth and GM will be back with no debt or legacy costs and one of the lowest labor costs in the global industry. Payback to US taxpayers will be ridiculously good and majority scheduled within the first 24 months.
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Joe wrote:

For the TARP funds, that is already in court, so if it completes successfully, it will be converted as part of the restructuring agreement that is already in place. Technically, only 9.4 billion was released in December, so the other 4 is already part of the restructuring agreement.
The only name brand disappearing from GM right now is Hummer (being sold off to settle with creditors--taxpayer and bondholders). The sportscar division, passenger and truck divisions are going to remain whole. Some of the brands are going to be folded into other brands, like Pontiac.
GM derives alot of its potential growth in foreign markets, so the Colbalt will primarily be designed for export.
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hummers wrote:

Well Ill be darned! they sold the Hummer brand to red china....what did I say! couple more years built here then "MADE IN CHINA"

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cobaltsdosuck wrote:

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What about the army hummers?
Now they have to use Hummers made in China?
Great lets rely on China for our men in uniform.

cobaltsdosuck wrote:

GM sucks so bad, They should just give us our money back they owe us in taxes and just die.

Idi O Syncrasy wrote:

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Nyaah, Hummers are knock-offs of the military vehicle Hum Vee.
Hum Vees will continue to be manufactured by American General.
In America, I should probably add.
But you do make a good point, every time Wal-Mart is out of Camo clothing, China's military makes the news on manuevers.
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Well since the taxpayer owns about 60% of GM, if GM fails again we could always burn the buildings to collect the insurance money.
NO WAIT!
AIG Group insures GM, and we own AIG now too!
AARRGHH! Boy has Obama ever got us by the shorthairs now!
DOH!