GM - what are the chances of bankruptcy?

[bitrend]

I don't think the Chapter 11 will exist for GM. First, GM invested heavily on Hydrogen Engine and the oil crisis seems to add the cause for GM. Second, Wall Street firms still trust GM since they're still holding it in the DOW. Third, Toyota became so proud (over-confident) that could be the beginning of the end.

 

[diligent]

im short - everyone knows you should not be building cars in the USA

their lunch is totally eaten and being eaten.

 

[GlobalFinancier]

I think the chances are lower with the most recent quarterly earnings statement

 

[hajimow]

Is today's upgrade and 8% jump is a short opprtunity?

 

[Kastro_316]

Also they are working hard on the corn fuel ethanol series.

-Kastro

 

[GlobalFinancier]

Long.
WARNING: VERY SPECULATIVE!

 

[MRWSM]

Quote from JayS:

I've had 3 Lexus, 3 Chevy's (GM), and 1 Honda. The Lexus hands down has the fewest problems. From what I've seen Toyota (Lexus) makes a great car. My brother-n-law has been a mechanic at many different (brand) dealerships and hands down Toyota was what he recommends and drives.

That may very well be, but from my unbiased research looking at cars for sale at autotrader.com , GM is at the top of long term durability in high miles. Also the only way I would buy a foriegn car is if they offered something I cannot get in this country, a plug in hybrid that has battery's so powerful I would never need to use any gas. Otherwise why would I buy a foriegn car that uses foriegn gas? You got to be an idiot to do that, basically shooting yourself in the foot.

 

[fhl]

Quote from MRWSM:

That may very well be, but from my unbiased research looking at cars for sale at autotrader.com , GM is at the top of long term durability in high miles. Also the only way I would buy a foriegn car is if they offered something I cannot get in this country, a plug in hybrid that has battery's so powerful I would never need to use any gas. Otherwise why would I buy a foriegn car that uses foriegn gas? You got to be an idiot to do that, basically shooting yourself in the foot.

Guess you don't shop at Walmart either. Too much chinese stuff, right?

 

[MRWSM]

Quote from fhl:

Guess you don't shop at Walmart either. Too much chinese stuff, right?

That's exactly my point, we have no choice in most things we buy, they are all from China. Someday we will not have a choice in our cars either if we continue down this path. This new generation is expected to have a lower standard of living than the last generation in the US, for the first time. I guess globalization isn't so good after all.

 

[fhl]

Quote from MRWSM:

That's exactly my point, we have no choice in most things we buy, they are all from China. Someday we will not have a choice in our cars either if we continue down this path. This new generation is expected to have a lower standard of living than the last generation in the US, for the first time. I guess globalization isn't so good after all.

Guess you are right. I will have to look into all this stuff I buy from other states though, too. I wouldn't want people from other states getting MY states money. Why should people in Michigan get the bucks from cars and people in my state not have a choice. Thats terrible! And when it gets right down to it, why should people in other towns get my business. Come to think of it, why should anyone outside of my own family get any business from me! It only hurts me in the long run when I purchase something from someone else. This has got to stop!