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#1
11-07-2008, 02:49 AM
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Re: GM/Chrysler Merger
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I still don't understand how this makes any sense, particularly for GM. What does Chrysler have, besides minivans and Jeeps, that GM doesn't? [/ QUOTE ] 11 Billion Dollars in cash on hand! I beleive GM has about 10 Billion on hand and this merger may help them last long enough for a turn around to take effect. In the end the government would rather bailout just 2 automakers than 3. GM & Ford will definitely get a bailout as both are too important to the economy, consumer confidence and strategic manufacturing capacity to let fail.
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Howard Growing old is a certainty, growing up isn't 
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#2
11-07-2008, 03:39 PM
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Re: GM/Chrysler Merger
It's all about the daily cash burn and jobs. Yuo have the new factories in the south, non union, that are operating skinned to the bone, the big 3 have to figure out a way to fund the heavy pension and health care issues due to the terms of the last bloated UAW contract, once that is out of the way, they may be able to go forward with a similar setup the south is using, assuming the industry as a whole gets better. My .02
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70 L78 Nova Fathom Blue,Bench, 4spd, F41, 3:55 71 Porsche 911 Targa
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#3
11-07-2008, 07:05 PM
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Re: GM/Chrysler Merger
How long can the big three operate in the red? Its already been years...
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Follow me on Instagram: https://www.instagram.com/mbcgarage/
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#4
11-07-2008, 07:41 PM
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Re: GM/Chrysler Merger
Operating in red for the most part is nothing more than creative accounting --
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"I never think of the future. It comes soon enough." - Albert Einstein
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#5
11-07-2008, 08:04 PM
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Re: GM/Chrysler Merger
Well, it looks like they're running out of creative ideas. This is pretty scary. http://news.yahoo.com/s/ap/20081107/...bi_ge/earns_gm
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#6
11-07-2008, 09:41 PM
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Re: GM/Chrysler Merger
Looks like they will try and get more tax money to keep these companies afloat. Will it ever end. My kids-kids will be paying this debt off
 Time to get there hands out off my pockets!!!!
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#7
11-07-2008, 09:50 PM
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Re: GM/Chrysler Merger
Says they will be selling off assets... look for the Heritage Collection to go on the block!
Paul
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1971 W30 convert, triple green,second owner. 1971 W30 Convert, special order Rally red, completed 68 Camaro Z28,Corvette Bronze,Houndstooth 2016 Porsche Carerra Cab and 2021 C63S AMG ,modern fun. www.vancouverclassiccars.com
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#8
11-11-2008, 12:08 AM
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Re: GM/Chrysler Merger
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Looks like they will try and get more tax money to keep these companies afloat. Will it ever end. My kids-kids will be paying this debt off Time to get there hands out off my pockets!!!! [/ QUOTE ] The only guy that had his hands in your pocket was the guy on the coast that sold you that killer survivor L78 nova! 
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