NJFBOA - Home of New Jersey's Camaros and Firebirds

NJFBOA - Home of New Jersey's Camaros and Firebirds (http://www.njfboa.org/forums/index.php)
-   Lounge (http://www.njfboa.org/forums/forumdisplay.php?f=26)
-   -   Trouble in GM paradise... (http://www.njfboa.org/forums/showthread.php?t=48429)

Frosty 12-01-2009 10:45 PM

Al, I wasn't ripping on Obama :confused: I just thought he was on the one that appointed him. Trust me, if I wanted to rip on that piece of **** I would...but I wasn't.

BigAls87Z28 12-02-2009 12:19 PM

Ugh..wont start either

He wasnt. Obama doesnt want to run a car company. Neither does the goverment, but they are doing a better job now then when it was a public company for 100 years.

Finding a replacement is going to be real real hard. You have a hard driving boss, coming into a company that is in the middle of a massive paradigm shift, and are responsible for millions of jobs across the world. And your pay will be dicated by what the public thinks is a good price.

LTb1ow 12-02-2009 12:21 PM

Petition to make BiGal do it?

BigAls87Z28 12-02-2009 12:33 PM

Maybe when I get the MBA.

LTb1ow 12-02-2009 12:34 PM

Well hurray the F up... GM/USA won't be around much longer at the rate we are going.

BigAls87Z28 12-02-2009 12:39 PM

Yeah..all that debt they got rid of, and the money they are making now...they will never ever last!!

LTb1ow 12-02-2009 12:48 PM

Ok I take that back Al,you are a bad business man. You cannot make debt magically "disappear".

BigAls87Z28 12-02-2009 12:49 PM

I cant...but Chapter 11 can.

Frosty 12-02-2009 12:52 PM

Quote:

Originally Posted by BigAls87Z28 (Post 660778)
Yeah..all that debt they got rid of, and the money they are making now...they will never ever last!!

Rushing through bankruptcy court in record time and having Uncle Sam back you can do that :rofl:

They're still losing money on the books but hopefully they'll show some type of profit in next 2 quarters, on the books of course.

BigAls87Z28 12-02-2009 12:54 PM

Well, there is gunna be some money lost with dealers and killing brands.
Not to mention that whole Volt deal is eating up a ton of R&D cash...

LTb1ow 12-02-2009 12:56 PM

Sounds a whole lot like the current administrations health care plans!

Eats a ton of cash, no real positive outcome, but what the hell, the taxpayers are footing it!

Oh wait... GM is govt now...

Win!

Frosty 12-02-2009 12:59 PM

Quote:

Originally Posted by BigAls87Z28 (Post 660789)
Well, there is gunna be some money lost with dealers and killing brands.
Not to mention that whole Volt deal is eating up a ton of R&D cash...

That's why I said "on the books" ;) Also factored in are the loan repayments. Even though they lost billions again this quarter there's more to it than just that.

Quote:

Originally Posted by LTs1ow (Post 660790)
Sounds a whole lot like the current administrations health care plans!

Eats a ton of cash, no real positive outcome, but what the hell, the taxpayers are footing it!

Oh wait... GM is govt now...

Win!

I'm holding out faith...I didn't like the bailout but if it works then it works. I'm keeping the faith.

As for healthcare...I'm not touching that subject because it'll get the thread locked...

sweetbmxrider 12-02-2009 01:54 PM

Quote:

Originally Posted by LTs1ow (Post 660584)

not bad, not bad at all!

miketa95 12-02-2009 04:01 PM

okay can someone straighten this out for me...

who is Fritz?
who is Whitacre?
who is Lutz?

Tru2Chevy 12-02-2009 04:52 PM

Quote:

Originally Posted by miketa95 (Post 660878)
okay can someone straighten this out for me...

who is Fritz?
who is Whitacre?
who is Lutz?

Fritz = the CEO of GM that just "stepped down"
Whitacre = Chairman and Interim CEO
Lutz = Vice Chairman

It's all laid out in the link in the first post.

- Justin


All times are GMT -5. The time now is 05:52 AM.

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.