Bankrupt GM

[Virginia Donkey]

No one made GM accept the govt money. GM had to take the loot or close up shop. Besides the Malibu, they really didn't have any real competitive vehicles. Ford didn't and they are in a much stronger position because of it. Also the Ford family didn't want to lose control of the company to the gov't...which is probably the biggest reason why they didn't take any money.

And since this is a Tahoe/ Yukon forum....although the new ones are very nice, no one buys big SUV's anymore because it's not the cool/hip/green whatever flavor of the month.

 

[MikeTheApeman]

Ford didn't and they are in a much stronger position because of it. Also the Ford family didn't want to lose control of the company to the gov't...which is probably the biggest reason why they didn't take any money.

The only reason Ford didn't take any money (although they did ask for an emergency line of credit that they would only touch if needed) is they saw this coming and mortgaged a lot of their assets to bank cash at the right time. Their business model isn't much better than GM's was, they just timed it right.

And it saddens me to come here and see people getting on their high horse that Obama's the reason all this happened. Gimme a break. This isn't a Jeep forum, we're supposed to be smarter than that.

 

[titanium02]

GM being in the rough spot that it's in dosn't make me love my truck any less.. and that passion will still be just as strong as it's always been long after the dust settles on this issue.. Parts will still be made for us and people will still be buying and customizing their chevy's and GM's.. I can see the problem if you were in the market for a brand new tahoe or yukon, but if you already have one.. then this shouldnt effect us at all..

 

[PavementPounder]

i think the company will restructor(sp?) and come back lean and strong. Less dealers to compete amongst themselves, less vehicles to produce (no need for 5 of the same vehicle with a different badge). I will be buying stock when it becomes availible.

 

[blueflamed03]

And it saddens me to come here and see people getting on their high horse that Obama's the reason all this happened. Gimme a break. This isn't a Jeep forum, we're supposed to be smarter than that.

amen!

 

[Krunchy]

Gimme a break. This isn't a Jeep forum, we're supposed to be smarter than that.

ha well played sir