GM now says it may not have the cash to finish '08 - do not buy a GM car!

Must read! The Book "while America Aged" discusses GM and how they have had this day coming for along time now. Years of pandering to the union threats to keep cars rolling. Now according to the book, 80% of GM margins have to go to pension obligations and other union negotiated liabilities. All of which keep them from making a good car and investing money back into R and D. I would love a job that keeps paying me for life, almost 80% of what I was making before retirement.

This day has been coming for 30 years now.
 
Quote from piggie2000:

Who gives 2 shits about gm? People will simply buy other cars and the workers from gm will find jobs at other car co's that get increased business.People just don't like american cars and thats the bottom line
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Having a tough decision between the KIA and the Hyundai? :D
 
Quote from bunds:

Ugly cars any! they deserve to be buried.

Teach these Americans a lesson too.:p
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The classic description was "angry kitchen appliances"

The SUVs were pretty good.

The dumbest people on the road are driving Pontiac Grand Ams.
 
Quote from TradeTheFunk:

Must read! The Book "while America Aged" discusses GM and how they have had this day coming for along time now. Years of pandering to the union threats to keep cars rolling. Now according to the book, 80% of GM margins have to go to pension obligations and other union negotiated liabilities. All of which keep them from making a good car and investing money back into R and D. I would love a job that keeps paying me for life, almost 80% of what I was making before retirement.

This day has been coming for 30 years now.
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Back in the day, you could be a high school drop out, but if you could get a job on the line and make your 90 days or whatever it was, you were set for life! Autoworkers were upper middle class. Couldn't be fired except for astonishingly good cause. Automatic pay raises based on years of service. Health care for life, and nice pensions. All that plus great pay for unskilled labor.
 
They won't let it fail. GM promised the the Volt as a gimmick. They government is already using this a a reason why they cannot fail. Apparently the Volt, being priced at over $30,000 will help the U.S. gain our energy independence. Without it we are doomed.....
Don't even get started on the ethanol scam. Remember who has the most "flex fuel" vehicles.
 
If they bail it out, they'll have to bail it out again next year. But I'm sure our wise politicians will take the immediate pain of not forking over even more dough to appease the never ending appetiite of victims looking for handouts. Especially since voters have shown such wisdom and understanding.

But enough of this. I've won some lottery in Europe that I need to check out. :D
 
OHMS
Kia and Hyundai are the same carline just different trims. Both have a 4 day wait for most crash parts. Gm is next day on most things. Gm's big downfall is the pension plan.
 
aRE YOU KIDDING Me? Kia is a trillion times better than GM. Plus, crash replacement parts. Geez. If you crash then you should have your driving rights stripped! Who cares if its one day or three day turn around.
 
Quote from bond tr4der:

aRE YOU KIDDING Me? Kia is a trillion times better than GM. Plus, crash replacement parts. Geez. If you crash then you should have your driving rights stripped! Who cares if its one day or three day turn around.
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Crash in a Kia and you won't need to worry about replacement parts.
 
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