Retro Camaro future??

[GRB]

Not sure I get the gist of this thread but I'll add a little gibberish anyway. Keep in mind I bought a 66 Paxton SC Mustang Cobra out of CA in the mid 80s and sold it within 6 months for $17,500. The guy I sold it to had it SOLD for $30k. God knows what it's worth now.

After typing that I've got to go outside and do something real physical for a few minutes before continuing.

[MikeA]

[ QUOTE ]
...I bought a 66 Paxton SC Mustang Cobra out of CA in the mid 80s and sold it within 6 months for $17,500. The guy I sold it to had it SOLD for $30k. God knows what it's worth now.

[/ QUOTE ]

Try not to think about. I'll bet there are plenty of stories like yours out there.

[GRB]

I really don't think about it. It simply serves to verify my credentials as a collector car expert. Consider that I also let a 70 LT1 Vette and a 65 Z16 Chevelle slip through my poor little fingers. Not to mention numerous 55 chevys. Call me.....gimme a little while on this one......... Soothsayer? Is that it? Is that even a real word?

[whitetop]

The real question is will GM(as we know it) even be around 10 years from now. They are losing around 2% market share each year. Right now it is around 24.75%. In 2006 they are going to be short $1 billion dollars to fund their health and pension plans. Their bonds are near junk status now. The trade commission almost voted them junk bond status in Febr. but GM talked their way out of it and got a reprieve.
If GM bonds go junk status no financial institution can hold their bonds in their portfolio and they will have to sell them. If that happens GM's stock will go to about $4-5 per share.
Gm has a huge inventory of unsold cars and trucks and like the '70's still has their head up their butt in terms of small fuel effiecent cars and changing gears quickly in midway for unforseen sales problems.
Also first quarter sales are down something like 50-80% over last year because they used up all their incentives last year.
Shanghai Motors in China also royally screwed GM to the tune of billions of dollars. GM built the plant and spent millions on a small car design(Chevrolet Spark) and China just copied the car down to the littlest nut and bolt and made their own assembly line. Now Cherry motor car company is planning on exporting 50K per year by 2007. GM is suing Shangai Motors but they might as well get in line with the hundreds of other American companies screwed and filing lawsuits due to business dealing with our "friends" over there.
American CEO's need to learn that the chinese are in it for themsleves, not the US.

My rant for today

[Canucklehead]

Why dosent Toyota step up and buy GM, than maybe sometning good will happen.

[YENKO DEUCE REGISTRY]

I think you should go bang your head on a rock

[DarrenX33]

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I think you should go bang your head on a rock

[/ QUOTE ]

I love it!