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GM declares bankruptcy (pg. 5)
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| verndogs |
| quote: | Originally posted by simplcake
what company is replacing GM on DOW |
Cisco |
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| The17sss |
| quote: | Originally posted by gehzumteufel
You missed it man. Totally. By like 100 miles. SUV v small car = owned. Which is what I said. Re-read my post. ;) |
Whooooops. lol. Maybe I'm wrong, but if given the choice between a mid size, large, and a small vehicle, if all are the same price, I don't know many people who would select the small one. Wouldn't you opt for the more comfortable, spacious vehicle? |
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| ziptnf |
| quote: | Originally posted by The17sss
Whooooops. lol. Maybe I'm wrong, but if given the choice between a mid size, large, and a small vehicle, if all are the same price, I don't know many people who would select the small one. Wouldn't you opt for the more comfortable, spacious vehicle? |
That's a silly hypothetical situation. Many people choose smaller cars for the price. I think the point of this argument is that people who drive large cars and live in the city and really don't need them are s. I don't think you're an , that's just the jist of everything :p |
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| gehzumteufel |
| quote: | Originally posted by The17sss
Whooooops. lol. Maybe I'm wrong, but if given the choice between a mid size, large, and a small vehicle, if all are the same price, I don't know many people who would select the small one. Wouldn't you opt for the more comfortable, spacious vehicle? |
There is a key word here. Vehicle. This encompasses ALL automobiles, large and small. Spacious, yes. SUV or truck, no. Spacious can be an MB S600. Spacious for a skinny guy like myself can be other cars. I don't honestly like large cars in any shape or form in a general sense. Sports cars are always "large" in exterior dimensions, but they aren't "large" in interior dimensions usually.
I have always driven small cars, and while I ing love some very luxurious cars, and have driven and been in a few, I prefer smaller, sporty cars. |
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| gehzumteufel |
| quote: | Originally posted by ziptnf
That's a silly hypothetical situation. Many people choose smaller cars for the price. I think the point of this argument is that people who drive large cars and live in the city and really don't need them are s. I don't think you're an , that's just the jist of everything :p |
I disagree a bit on your thought. The issue most of us take, is the 1 person driving a ing suburban. Why? What for? Get something that is nicer, not 4500lbs, and isn't so god damned massive. |
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| winston |
| quote: | Originally posted by The17sss
Don't give me that "you have to be an example of change" stuff. So what if I say my vehicle is more safe? It's true. And I don't buy a car solely for that reason, it's just an added great bonus to driving the car I want to drive. People buying and driving large SUV's doesn't by fiat make them drive more recklessly and/or faster thereby causing more nasty fatalities. If 2 smart cars collide head on at 30 mph, and 2 Escalades collide at 30 mph, you're telling me there's no difference? lol. In fact, CNBC points out this inconvenient fact for you:
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I see your point, but what I think gehzumteufel is trying to convey has been misunderstood on your behalf, your response has very little to do with the OP's argument. GM, Ford and Chrysler have one thing in common: They all make vehicles for blue-collar workers that make up almost fifty percent (or more) of the US work force (someone with stats could probably correct me on this); wether you like them or not, Trucks made by Ford or GM are usually the best of their kind; and yet most people forget this. GM is responsible for thousands of jobs which have very little to do with the poor management that took place above their heads, I'm a keen believer of a laissez-faire economic system, but there's another voice inside my head that forces me to think outside my own paradigm (which is different from that of other economists that believe in government intervention and fiscal policy such as Keynes) in order to make sense of what this means...
Because of GMs importance to the US car industry which allocates thousands of jobs (blue and white) the notion of going under could be detrimental specifically to the US. I don't believe Obama cares what Europe thinks about US cars, I believe he's trying to save as many jobs as he can, i could be wrong... |
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| ziptnf |
| quote: | Originally posted by gehzumteufel
I disagree a bit on your thought. The issue most of us take, is the 1 person driving a ing suburban. Why? What for? Get something that is nicer, not 4500lbs, and isn't so god damned massive. |
I think Greg Proops puts it the best.
| quote: | | I'll put out my cigarette the day everybody walks to the show, ladies and gentlemen. 'Cause I live in Hollywood where there is not even one *iota* of unpaved space and yet everyone feels the need to drive a suburban, four-wheel humvee assault vehicle. 'Cause you never know when you're going... *off-road* in Hollywood. "Kids, we're going through the Drive-Thru, hold the roll bar! Stay low! Keep close!" |
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| gehzumteufel |
| quote: | Originally posted by ziptnf
I think Greg Proops puts it the best. |
lol yeah I agree.
We as a people need to walk and ride a bicycle places more. Get up off your ass and do . This is one of the major reasons Europe stays thin.
| quote: | Originally posted by winston
Because of GMs importance to the US car industry which allocates thousands of jobs (blue and white) the notion of going under could be detrimental specifically to the US. I don't believe Obama cares what Europe thinks about US cars, I believe he's trying to save as many jobs as he can, i could be wrong... |
Most people are actually unaware of the implications of GM and/or Chrysler both being liquidated. If they were, Toyota, Honda, Ford, and EVERY other car manufacturer in the world would be hit HARD on the supplier end. Delphi and 2 or 3 other Tier 1 parts suppliers would go bankrupt and may shutter permanently. |
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| miamitranceman |
| quote: | Originally posted by winston
I see your point, but what I think gehzumteufel is trying to convey has been misunderstood on your behalf, your response has very little to do with the OP's argument. GM, Ford and Chrysler have one thing in common: They all make vehicles for blue-collar workers that make up almost fifty percent (or more) of the US work force (someone with stats could probably correct me on this); wether you like them or not, Trucks made by Ford or GM are usually the best of their kind; and yet most people forget this. GM is responsible for thousands of jobs which have very little to do with the poor management that took place above their heads, I'm a keen believer of a laissez-faire economic system, but there's another voice inside my head that forces me to think outside my own paradigm (which is different from that of other economists that believe in government intervention and fiscal policy such as Keynes) in order to make sense of what this means...
Because of GMs importance to the US car industry which allocates thousands of jobs (blue and white) the notion of going under could be detrimental specifically to the US. I don't believe Obama cares what Europe thinks about US cars, I believe he's trying to save as many jobs as he can, i could be wrong... |
Really well said.
Agree 100% |
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| Nrg2Nfinit |
Ok so what happens next? i don't think companies ever recover from chapter 11 bankrupcy. Especially if they are this big. Its just postponing chapter 7 isnt it?
someone please correct me if im wrong. how many large Asset comapnies (i was giong to say large cap but i realize their share value is 50 cents now lol) actually recover from chapter 11 and function as an independent company ?
You have to go to OTC tradind pinksheets if you want to deal with gm shares now.
Essentially they are worthless as i don't see GM comming out of chapter 11. |
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| jonSun |
Im not too much of an american car fan but the new Fusion & Focus hybrid seem to be doing pretty well. Also the new Camaro is totally bad ass. That Dodge Sprinter is pretty nice with alot of cargo space & very good gas mileage for a cargo van/small truck. Escalades & alot of SUV's look cool but when you make a vehicle hybrid & the best it can get is 19 mpg... thats ed.
Still hoping to see some hybrid diesels in the states soon. |
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