GM Bankruptcy Thread

Quote from dandxg:

FWIW, for the money Kia and Hyundai are quite good IMO, if you just want a basic car.
More...

*cough* *hack*

Try saying that to an auto mechanic. A friend who works at Firestone says they are trash on wheels.

For a few thousand more, you can get a similar Toyota or Honda, either of which will need much less repair and will outlast these Korean claptraps by 75,000 miles.
 
Buying any stock is a risk. I do not buy bonds, never have, never will.

GM is FAR from a BK. The auto business is a tougher business these days with new players in the game but that does not mean maybe, JUST MAYBE, GM wakes up and instead if being called Generous Motors as they were in the 1960's they come back to life and be competitive. Stranger things have happened.

I TRADED the long bond.. :D
 
Quote from TraderZones:

There is a huge difference between INITIAL reliability and LONGTERM reliability

Cars I had:

GM
Bonneville - needed to replace gaskets at 110,000 - $800
6 months later, engine blew out - 120,000
Olds Cutlass Supreme - bought used with 45,000 miles. Over next 6 months, stalled couple hundred 100 times - dealer could not fix, often stalled at intersections and high speeds. Dealer took it back and gave credit on a TBird.

Ford
Probe - replaced tranny at 90K and engine blew out at 110K
TBird - engine blew out at 90K

Volvo
Very good shape - bought for $4000 with 90K miles. Over next 2 years put in $8000, including $4K for a German tranny. Rack went - $800, etc. etc.

Giving up on American cars, I then got:

Honda
Now on my second Civic. first was totaled by someone who plowed into the back of it during heavy traffic. But it was an excellent vehicle. Second vehicle (06) is best car I ever had - Was Motor Trend car of year. Has great mileage, comfy, very safe accident record, airbags everywhere, very good price, can probably exceed 200K lifetime miles, very low depreciation, etc.
More...

wow talk about the worst comparison ever. you're comparing american cars from the 80s and early 90s to an 06 honda? even the worst car today is better than any car in the 80s. i had a jap car from the early 90s and it was one of the most unreliable cars ever. what does that prove? very little other than cars of that era sucked in general.

the fact you mentioned motor trash coty tells me how gullible you are. those awards are garbage.

ps. volvo is about as american as jaguar or aston martin. even honda is more american than volvo.
 
Quote from blackjack007:

gm will be bailed out like chrysler, united airlines, bsc, etc.

companies like gm are too special for the government to ignore.
More...



didn't, united already go bankrupt 2x? delta, northwest, contental (not this decade) and ect.

How are car companies any different? you just reorganize and come back with much less debt. if they cut there exposure to pensions and health care. the government would be less likely to do anything since less workers would be affected now. dont forget the one with the worse finances is owned by private equity. do u think the govt would bail them out?
 
You must log in or register to reply here.
Back
Top