Thread: Do you think GM will survive?

Do you think GM, which I think was once one of the largest corporations in the world, if not THE largest, has a reasonable expectation of survival?

Yes, they'll get the government money and survive.

Yes, they'll survive, but only after going thru bankruptcy.

Whether they get the governement money or go thru bankruptcy, they'll fail.

They'll fail, but someone will buy up some of their lines and continue some brand names and support.

IfGM goes down, they'll take the world with them. Dominoes.

Headed for bankruptcy, but they will go on. If they fail, welcome to Great Depression 2. I already saw a story on the news about America's new shanty towns.

Originally Posted by Paul Wozniak

IfGM goes down, they'll take the world with them. Dominoes.

Agree, dominoes is the best word. As every industry will continue to take a hit.

GM needs to makes it self a viable company whether that be through chapter 11 or some other means, it needs to happen now. Their business model is not sustainable.

Keep in mind, the second tier suppliers to the automakers are not getting bailout money. And the automakers have slowed payments to them. If they stop production, and there are articles saying they will (no choice), no more autos produced. There are not always second sources for some parts.

Can the government keep pouring money into them endlessly? If they owe more than they're worth- nothing is going to get that money back. And it'll mean inflation is on the way, big time, as money is "printed" to try to save GM by throwing money at the problem.

How long will people agree to see their money going to people better off than themselves?

File for bankruptcy. I'm tired of having to help bail these companies out, especially when I've never had anything to do with them. With the exception of 2 horrible Saabs that my dad owned, neither I or anyone in my immediate family have owned a GM-based vehicle. Pumping more money into this archaic company is not going to help bring it back from it's ashes.

No I don't think they will, the best thing they could do is merge with Chrysler and cut out about %60 of the poorly performing lines and cut a third the work force and get rid of the union. They also need to cancel things like job banks as well as double and triple overtime and put employee pricing more inline with what most places do and put it at a %10 discount. Overtime itsself should be limited to no more than 5 hours a week with an approved cap of 25 a month. The employee's also need to fall inline with the majority of the country and pay a part of their health insurance and yearly vacation time needs to be cut back to something more realistic.

Would be sad to see GM go? No not in the least, the company did nothing to help my father after his being required to work a double shift that came out to 24 hours and he fell asleep at the wheel and hit a tree head on which resulted in a 6 month hospital stay and recovery resulting in my family loosing 40 acres of land and a home. They also did nothing to help him after his stroke and double anuerism and when he moved out of Michigan to warmer climates for his health they cut his medical retirement benefits.

The Unions are killing the big 3.