Still will not see me driving anything from a company that took a bail out.
Chris
The other benefit is most of the management has changed in GM. All of the "old-school" employees that carelessly drove GM into the ground are now gone and replaced by a younger and more diverse group. I would say they are a stronger company now than before and stronger than most of the other automakers.
New and improved? Diverse? In todays society that's not always good!
Kind of sounds like the same ones who voted in Oba.....Ooopps! I almost did it!
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As for the IFS it has its place. 1/2 ton trucks! If you want a good ride buy a Lincoln. Put a plow or use a truck like the guys around here do and it does not hold a candle to the solid front axles like Ford and Dodge use.
Chris
Off base but each to their own. That went out the door before they got caught squandering and laundrying.I really am tired of hearing this around here. If you read or listen to the news, you would know that GM has already started to pay back it's bail out money and has promised to pay all of it. There plan calls to pay the money back this year. Maybe it's just me, but that almost sounds like a loan. Now Ford has many private loans, they got them when you could actually get private loans. Chrysler has said they are not going to pay back any of it's bail-out money.
The other benefit is most of the management has changed in GM. All of the "old-school" employees that carelessly drove GM into the ground are now gone and replaced by a younger and more diverse group. I would say they are a stronger company now than before and stronger than most of the other automakers.
I have to disagree, I have three GMC 2500HD's xcswb pickups. '05 gas, '06 & '07 d-max's. All three have Fisher 8' plows and 7' sanders. All three trucks have 60,000 plus miles on them. Besides brakes and lack of grease on idler arm, have had no problems. Yes I did crank up the front torsion arms one turn on the screws.
With a half a yard salt/sand loaded, I'm over both axel weights by 800 lbs. Who only puts in a half a yard?? Also tow all kinds of trailers, biggest being 36' toy box camper weighing 14,400lbs.
I like the ride
dawzie
I really am tired of hearing this around here. If you read or listen to the news, you would know that GM has already started to pay back it's bail out money and has promised to pay all of it. There plan calls to pay the money back this year. Maybe it's just me, but that almost sounds like a loan. Now Ford has many private loans, they got them when you could actually get private loans. Chrysler has said they are not going to pay back any of it's bail-out money..
Maybe you are the one who should listen a little better. Everything I have read is they are only paying back a very small part of the money given back. Of the 50 billion plus given they are only paying back 6.7 billion. The way the bankrupcy was handled was really not right either. Basically a gift to the unions. Bond holders and other secured investors were stuck with both GM and Chrysler. GM is now government owned and will be for a very long time. I also will not be buying anything GM or Chrysler due to the way it was handled.
Morning Report: GM Will Pay Back Loan Early; TARP Likely To Remain Through 2011 - Planet Money Blog : NPR
Bondholder furious over GM bankruptcy amFIX - CNN.com Blogs
GM Bankruptcy Watch: The ?Main Street? Bondholders - Rick Newman (usnews.com)
I really am tired of hearing this around here. If you read or listen to the news, you would know that GM has already started to pay back it's bail out money and has promised to pay all of it. There plan calls to pay the money back this year. Maybe it's just me, but that almost sounds like a loan. Now Ford has many private loans, they got them when you could actually get private loans. Chrysler has said they are not going to pay back any of it's bail-out money.
The other benefit is most of the management has changed in GM. All of the "old-school" employees that carelessly drove GM into the ground are now gone and replaced by a younger and more diverse group. I would say they are a stronger company now than before and stronger than most of the other automakers.
If you really believe this there is some Kool Aid for drinking, and maybe a bridge for sale cheap. Seriously though, It's so very hard to believe that there's a change in such a missed managed company, remember the Big Change about a year ago, How's that working out for you?
DevilDog
Yes, when a company files for bankruptcy a lot of people lose money; this is not the first time it has happened. The government also owns over 60% of GM's stock now, do you not think once the price of their stock goes up the govt can't sell the stock and recover losses? As for the investors, I am sorry to tell you that no matter how you invest your money into a company it is never secure.
Oh, now I see why you said this, your from OK.![]()
Off base but each to their own. That went out the door before they got caught squandering and laundrying.
My $0.02
Nothing has changed. Stronger because of your tax dollars. Union retirees love you. YOU own GM. Get used to it, going on two years now.
With regards and due respect.
Maybe you are the one who should listen a little better. Everything I have read is they are only paying back a very small part of the money given back. Of the 50 billion plus given they are only paying back 6.7 billion. The way the bankrupcy was handled was really not right either. Basically a gift to the unions. Bond holders and other secured investors were stuck with both GM and Chrysler. GM is now government owned and will be for a very long time. I also will not be buying anything GM or Chrysler due to the way it was handled.
Morning Report: GM Will Pay Back Loan Early; TARP Likely To Remain Through 2011 - Planet Money Blog : NPR
Bondholder furious over GM bankruptcy amFIX - CNN.com Blogs
GM Bankruptcy Watch: The ?Main Street? Bondholders - Rick Newman (usnews.com)
I really am tired of hearing this around here. If you read or listen to the news, you would know that GM has already started to pay back it's bail out money and has promised to pay all of it. There plan calls to pay the money back this year. Maybe it's just me, but that almost sounds like a loan. Now Ford has many private loans, they got them when you could actually get private loans. Chrysler has said they are not going to pay back any of it's bail-out money.
The other benefit is most of the management has changed in GM. All of the "old-school" employees that carelessly drove GM into the ground are now gone and replaced by a younger and more diverse group. I would say they are a stronger company now than before and stronger than most of the other automakers.
If you really believe this there is some Kool Aid for drinking, and maybe a bridge for sale cheap. Seriously though, It's so very hard to believe that there's a change in such a missed managed company, remember the Big Change about a year ago, How's that working out for you?
DevilDog
I think I'll just sit back here and enjoy the ride guys.![]()