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04-19-2010, 08:13 PM
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#1
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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GM to repay loans Weds
GM is repaying the loans to both the US and Canadian goverments 2 months before they said they would.
Q1 was big...real big.
The Treasury and GM will work on an IPO sooner then later now, where the goverment will be able to make a profit on the revitalized GM
http://www.gminsidenews.com/forums/f...3/#post2039982
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2/20/2013: They Day the ****s Stopped
Last edited by BigAls87Z28; 04-19-2010 at 08:14 PM.
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04-19-2010, 08:17 PM
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#2
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Join Date: Dec 2004
Location: manchester, NJ
Posts: 1,775
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thank god maybe i can buy a new one someday then!!!
edit... is the profit just like an Interest type thing... or does the govt not plan on giving its shares up once money is repaid...
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97 Firebird Formula - 383LT1
15 Subaru WRX - 2.0L-turbo
Last edited by transmaro93; 04-19-2010 at 08:28 PM.
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04-19-2010, 08:18 PM
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#3
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Meet Coordinator
Join Date: Jan 2008
Location: brick/pt. pleasant beach
Posts: 19,370
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bout time!
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04-19-2010, 08:36 PM
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#4
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Quote:
Originally Posted by transmaro93
thank god maybe i can buy a new one someday then!!!
edit... is the profit just like an Interest type thing... or does the govt not plan on giving its shares up once money is repaid...
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There are some that say the goverment might want to keep some shares of GM, but no where near a controling part of it. But its possible that as Govt sells off shares of GM, the price of the stock could climb, making the shares more valuale, giving the goverment more money.
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2/20/2013: They Day the ****s Stopped
Last edited by BigAls87Z28; 04-19-2010 at 08:45 PM.
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04-19-2010, 08:37 PM
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#5
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Good to see this finally happening.
- Justin
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1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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04-19-2010, 09:14 PM
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#6
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Join Date: Dec 2004
Location: manchester, NJ
Posts: 1,775
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well im not fighting you on this... but maybe i dont understand how it works... the govt. bailed GM out gave them lots of money and bought up a controlling part of the shares... now how do they get paid back and still keep the shares??? isnt that like getting paid twice for the same thing??
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97 Firebird Formula - 383LT1
15 Subaru WRX - 2.0L-turbo
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04-19-2010, 09:42 PM
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#7
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Treasury gave GM $50 billion, but when they took over 61% of GM, the recoverd some of the assets.
When the Treasury and GM work it out, it will an issue an IPO or an initial pulic offering. People will pay them money for shares in the company. This is just like any other private company going public.
Once that happens, and more shares of GM sold, the lesser the Treasury owns to where it will eventually own a small portion.
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2/20/2013: They Day the ****s Stopped
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04-21-2010, 12:24 PM
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#8
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Join Date: Aug 2005
Location: Blackwood, NJ
Posts: 2,295
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might be a good time to get some stocks?
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Jeff
2002 WS6 T/A.. M6..Built 383 TMR tune..461rwhp,458rwtq
2009 G8 GT. Bone stock 13.6@103.. Vararam Intake, GXP Axlebacks, LS2 FRC's
1998 Corvette Convertible, Vararam Intake+Power Duct, Fast 90/90, Ti Axleback..12.8@110
2003 Cobra Convertible 10th Anniversary
http://www.fquick.com/slow-v6
Local car cruise schedule..
http://www.cliffscalendar.com/
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04-21-2010, 12:25 PM
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#9
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Join Date: Dec 2004
Location: Galloway, NJ
Posts: 3,964
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How do we go about purchasing stocks? and whats the price per share at the moment for GM? wouldn't mind dropping a couple hundred in shares.
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1996 Camaro C/S - 2/3 Corvette Engine
Quote:
Originally Posted by BigAls87Z28
Uh yeah, after they surprized buttsecks us at Pearl Harbor?
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Last edited by Blacdout96; 04-21-2010 at 12:56 PM.
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04-21-2010, 12:38 PM
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#10
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Stalker
Join Date: Aug 2004
Posts: 12,083
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id buy some
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04-21-2010, 12:39 PM
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#11
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Join Date: Dec 2005
Location: Boston/North
Posts: 9,214
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Quote:
Originally Posted by BonzoHansen
dumbass.
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04-21-2010, 12:40 PM
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#12
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Join Date: Nov 2009
Location: Williamstown, NJ
Posts: 246
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Now, if only they would bring Pontiac back......
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IF IM NOT MAKING SOMEONE MAD, IM NOT DOING SOMETHING RIGHT
Quote:
Originally Posted by micbegz28
how much for the italian lions??? \
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Quote:
Originally Posted by BigAls87Z28
My money is that its Chaney....
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04-21-2010, 01:12 PM
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#13
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Lifetime Power Member
Join Date: Jul 2004
Location: London, UK
Posts: 862
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Thank you Toyota!!
g
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2008 Mysterious Solstice GXP - teh hotness!
2002 Pewter V6 Camaro M5 ~ SOLD 
mods: Gear, weight reduction, tuning
Fear the Gear. 13.585 @ 100.05 1.827
Beater: 93 Jeep Grand Cherokee
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04-21-2010, 01:23 PM
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#14
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Join Date: Dec 2004
Location: Galloway, NJ
Posts: 3,964
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Quote:
Originally Posted by Little G
Thank you Toyota!!
g
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Best quote related to the thread 
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1996 Camaro C/S - 2/3 Corvette Engine
Quote:
Originally Posted by BigAls87Z28
Uh yeah, after they surprized buttsecks us at Pearl Harbor?
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04-21-2010, 01:53 PM
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#15
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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You cannot buy stock in GM yet but when it the do the IPO you will be able to buy. The treasury will probably do a gradual release so that it can maintain a profit on the stocks.
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2/20/2013: They Day the ****s Stopped
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04-22-2010, 10:44 AM
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#16
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Join Date: Apr 2008
Location: Morris County, NJ
Posts: 538
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just saw a commercial from GM stating this news...that they were paying off their gov't loans early on...seems like their on point with getting favorable in the public eye again..
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355 & Supercharged... 
Another trip inside the acid bath..no salvation and the grave is coming fast..
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04-22-2010, 11:05 AM
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#17
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Join Date: Dec 2005
Location: Boston/North
Posts: 9,214
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Quote:
Originally Posted by Wolfblitz
Now, if only they would bring Pontiac back......
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Seriously? This is really old.
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Quote:
Originally Posted by BonzoHansen
dumbass.
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04-22-2010, 11:07 AM
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#18
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Join Date: Sep 2009
Posts: 123
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I heard of the rumors that they might buy pontiac back from "the old GM" is that possible??
__________________
2002 SOM WS6 T/A
2000 WS6 Formula NOT YOUR normal WS6 1 of 233
RIP WS6 Formula November 2
Gues that LQ4 was to much torque for me
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04-22-2010, 11:18 AM
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#19
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BadMod
Join Date: Aug 2004
Location: hamilton, nj
Posts: 8,889
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Quote:
Originally Posted by Nitr0racing21
I heard of the rumors that they might buy pontiac back from "the old GM" is that possible??
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just please stop, the horse will thank you
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So much stupid, so little time.
Quote:
Originally Posted by 79CamaroDiva
It started before I drove your car. I just have to look at it the wrong way and your car poops parts.
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Mercerville MotorSports, LLC
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04-22-2010, 12:05 PM
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#20
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Join Date: Dec 2005
Location: Mays Landing, NJ
Posts: 7,108
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Quote:
Originally Posted by cbrrmike
just please stop, the horse will thank you
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 x10000000000000000000000000
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2018 Camaro 2SS Redline package, ESC Novi 1500 tuned by EFX, Might Mouse wild catch can, GM STB, smoked ZL1 3rd brake light, Xpel XR Black 35% tint all around, Street Scene front splitter, C7 Carbon ZL1 side skirts, Drake Muscle Car Wickerbill spoiler
2010 Infiniti G37x-Moonlight White w/Graphite interior. Stock...for now. Xpel XR Black tint(hey it's a mod lol)
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04-22-2010, 12:13 PM
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#21
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13 Second Club
Join Date: Aug 2006
Location: Edison, NJ
Posts: 887
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I just got an email from GM stating that all the loans with interest have been paid back 5 years ahead of schedule.. Anyone else get this from GM?
We value and appreciate your loyalty more than anything. We are proud to announce we have repaid our government loan – in full, with interest, five years ahead of the original schedule. We realize we still have more to do. Our goal is to exceed every expectation you've set for us. We're designing, building and selling the best cars and trucks in the world. Like the award-winning Chevy Malibu, the all-new Buick LaCrosse, the versatile Cadillac CTS Sport Wagon and the innovative GMC Terrain, just to name a few. As we move into the future, we're thankful to have loyal owners like you. We invite you to learn more about the new GM and join our community, by visiting gm.com. And once again, thank you for your support.
Susan E. Docherty
Vice President, U.S. Marketing
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04-22-2010, 12:16 PM
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#22
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Join Date: Dec 2004
Location: Galloway, NJ
Posts: 3,964
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I dont think they just dumped a couple billion dollars in the governments lap just now and said Kthankzbye.
__________________
1996 Camaro C/S - 2/3 Corvette Engine
Quote:
Originally Posted by BigAls87Z28
Uh yeah, after they surprized buttsecks us at Pearl Harbor?
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04-22-2010, 06:33 PM
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#23
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MIR
Join Date: Jul 2005
Posts: 9,692
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http://www.foxnews.com/politics/2010...bailout-money/
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Sen. Chuck Grassley's charge was backed up by the inspector general for the bailout -- also known as the Trouble Asset Relief Program, or TARP. Watchdog Neil Barofsky told Fox News, as well as the Senate Finance Committee, that General Motors used bailout money to pay back the federal government.
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04-22-2010, 08:47 PM
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#24
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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From Fox News, the most trusted of news sources when it comes the current administration.
Earnings will be posted next month.
It was NOT taken from TARP, but from GM's profits. Fox has been pushing this **** since they first announced it. They just cant get over teh fact that its possible that the goverment might have actually made a solid move, that the administration's choice to support GM was a good move, and that we tax payers will be paid back.
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2/20/2013: They Day the ****s Stopped
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04-22-2010, 09:26 PM
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#25
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MIR
Join Date: Jul 2005
Posts: 9,692
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Quote:
Originally Posted by BigAls87Z28
From Fox News, the most trusted of news sources when it comes the current administration.
Earnings will be posted next month.
It was NOT taken from TARP, but from GM's profits. Fox has been pushing this **** since they first announced it. They just cant get over teh fact that its possible that the goverment might have actually made a solid move, that the administration's choice to support GM was a good move, and that we tax payers will be paid back.
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Really? I guess GM officials disagree with you. And something they conveniently decided to leave out of the commercial.
Quote:
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Treasury and GM officials don’t dispute that the money to repay the loan is coming from TARP funds. But they said that’s been clearly disclosed.
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I guess you missed your memo.
http://blogs.wsj.com/washwire/2010/0...-to-pay-loans/
Last edited by Tsar; 04-22-2010 at 09:26 PM.
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2001 Firebird, Formula M6 purchased brand new.
