GM does NOT have plans to file Chap 11. This was rumor since Delphi did, but right now GM is planning to work with what they got. Its still a posibility, but that would be the absolute worst case. They could do like Sears did, and cut all benifits from the retired workers, which would net them about 5 billion a year.
As for America not buying American, its all perception. Why is it that when the G6 was "recalled" for a missing page in its owners manual, it was on every news report, but when Toyota recalled 1.3 million cars last week, I didnt hear jack?
What about all the Prius's getting recalled for electrical problems?
What about the Scion tC's roof breaking and injuring the passangers?
What about the US Goverment probe into Toyota's failing air bags?
What about Honda's on going problem with there 5spd auto's?
How about spontanious combustion of the new Mazda 5?
How many of you knew about the above recalls?
Its perception. GM has won many JD quality awards from there cars to there plants, and still no one will give GM a second thought. There cars are at the levels of the imports or greater, yet no one is coming out to buy one. One thing that is sort of hurting GM right now is the Employee Pricing seemed to have done such a great job, that no one wants to buy cars right now!!
As for budging on pricing, they LOWERD the price of all there cars, some by 3k or so, added more standard features, AND are still giving rebates.
__________________
2/20/2013: They Day the ****s Stopped
|