Posted on 08/09/2010 8:05:50 AM PDT by taildragger
Go over the FR Verboten Detroit News and Free Press for the story. Ouch, how is this really going to work...
I doubt it, because FORD will do what Caterpillar did and break them.
Private companies can do only one of two things, go under and close or they survive and thrive.
The people running Ford are not stupid. They make a good product and I think the morale there is high.
They’re making money, so hopefully the UAW members working there will actually see a reward for their labors.
I am the opposite, I owned 1 GM long ago, biggest piece of crap I ever owned, bar none... I also worked as a contractor for a division of GM for a year, and I can tell you that it was clearly obvious why they created crap.
The company was so big and so poorly run it had arrogance out the arse and was absolutely cluelessly run.
GM never had a chance at me as a customer EVER, all the bailout and Fauxbama did was prove my decision long long ago was the right one.
Sorry GM can go to h*ll. I hope they fail as soon as possible. I disliked Toyotas because they are overrated but I would buy a Honda or Toyo versus getting a free GM or Chrysler.
I own Ford/Licoln-Mercury products. IF the UAW screws Ford I will but a foreign brand. The UAW caused this and is behind Obama’s Islamification of America. The American people are stupid sheep who have no clue how bad things are. Brainwashed by Obama TV.
I think the total capitalization is the more informative number. IMO that is worth about $.10 right now. I am rooting for them to raise that value though.
Are you talking about the old common stock shares at .10 cents? Those shares are worthless. Wiped out. The UAW thugs and O will issue new common and some fools will actually buy the UAW thug scam.
The old common at .10 cents is dead zombie stock that trades as people sell it off for tax losses. About 1 in 4000 bankrupt common shares ever get revived. I have seen it once or twice. The old GM shares are worthless.
You my friend are hittin’ the nail!
Preposterous. You will merely lose 100% of your investment as I did the last time GM when bankrupt.
No, I said the whole company isn’t worth $.10. right now.
Thanks. Is that big Fort Worth GM factory still closed? I remember driving past it when GM was imploding. Huge factory closed.
Note how they closed a plant in Texas. I think it was one of their better plants for quality. I think the best GM vehicles were the Canadian ones because the unions up their were slightly lesss parasitic.
The UAW wants to bleed and destroy the auto companies. They did it and took over GM and Chrysler.
The Arlington (suburb of Ft. Worth, Home of the Texas Rangers) plant is still open. They make Tahoe’s and Suburban’s there. One of their better plants as far as initial quality. The are either at or near capacity right now. I’m sure Obama will end those vehicles eventually.
“
GM break even pricec $114 a share?
“
A “company” that’s making a car (The Volt) for $81,000 per unit,
sell it at $41,000 (not accounting for the extra $20,000 per unit
some dealers say they hope to add)...and gets a Federal subsidy of
$7,500...
what’s not to like?
(/SARC)
Government Motors will have the full faith and credit of the Federal
Government. It might just be a decent stock to own.
Obama will be sure that the stock goes up and up and up.
42 years for me
The union retirees came out pretty much completely unscathed.
We salary retirees got clobbered on benefits so it's suspenseful waiting to get to Obamacare @ 65.
So far our pension is whole but underfunded and will likely be cut in the out years.
One thing for sure GM won't go bankrupt again until after the next Prez election in Nov 2012.
It's a lot of excitement to be on Social Security and a GM salaried pension, LOL
While they might one day get the Whitehouse out, the UAW is there forever. Even the Germans keep unions out of the boardroom.
Whiteacre might be a kick in the pants but he’s never run a large company with real competition. AT&T was, like GM, a branch of the federal government when he ran it.
His strategy of bashing Toyota with fake recalls is short-sighted and doomed to failure.
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