# GM bankrupt!!??? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 8, 2008, 9:51pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161 "2008-10-08T21:51:41Z")\ **Posts on this page:** 20\ **Page:** 10
**Author:** ![PureXTC](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/purextc/32/5223_2.png) [@PureXTC](https://forums.speedlife.net/u/PureXTC)\ **Post date:** [October 11, 2008, 3:20pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/181 "2008-10-11T15:20:58Z")
Heard on the news last night that GM and chrysler are talking about merging… Merge = rising stock prices ---
**Author:** ![misteroman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/misteroman/32/7423_2.png) [@misteroman](https://forums.speedlife.net/u/misteroman)\ **Post date:** [October 11, 2008, 3:29pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/182 "2008-10-11T15:29:46Z")
Everytime i shop for something I first try to find one that is made in USA.i.e. bought a paint scrapper/putty knife.Red devil 3.99 made in china.Some other brand(4 or 5 letters) Made in USA 5.79.Bought the USA ona and needed one again a wek later as I left the other on at another job,bought the USA one again. I too have thought about opening a USA only store in Amherst.I think it could be profitable. ---
**Author:** ![cougarspeed](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cougarspeed/32/7468_2.png) [@cougarspeed](https://forums.speedlife.net/u/cougarspeed)\ **Post date:** [October 11, 2008, 3:51pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/183 "2008-10-11T15:51:31Z")
> [@misteroman$$$](#): > > Everytime i shop for something I first try to find one that is made in USA.i.e. bought a paint scrapper/putty knife.Red devil 3.99 made in china.Some other brand(4 or 5 letters) Made in USA 5.79.Bought the USA ona and needed one again a wek later as I left the other on at another job,bought the USA one again. > **I too have thought about opening a USA only store in Amherst.I think it could be profitable.** I would shop there. Just sayin. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [October 11, 2008, 4:06pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/184 "2008-10-11T16:06:40Z")
40 non-relevant posts removed from this thread Keep your egos and your offtopic bullshit in your pants or take a 3 day vacation. Only warning. ---
**Author:** ![Anonymity](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/anonymity/32/7215_2.png) [@Anonymity](https://forums.speedlife.net/u/Anonymity)\ **Post date:** [October 11, 2008, 4:14pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/185 "2008-10-11T16:14:50Z")
> [@misteroman$$$](#): > > Everytime i shop for something I first try to find one that is made in USA.i.e. bought a paint scrapper/putty knife.Red devil 3.99 made in china.Some other brand(4 or 5 letters) Made in USA 5.79.Bought the USA ona and needed one again a wek later as I left the other on at another job,bought the USA one again. > I too have thought about opening a USA only store in Amherst.I think it could be profitable. pm, me i have been working on the same theme. and a military vet owner. ---
**Author:** ![TORQDSS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/torqdss/32/5125_2.png) [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)\ **Post date:** [October 11, 2008, 6:07pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/186 "2008-10-11T18:07:29Z")
> [@camarojoe](#): > > That’s not suprising. You don’t see a ton of Buick’s on the road. > Merge Chevy, Pontiac, and Buick. Buying out the dealerships would probably hurt them initially, but the market doesn’t seem condusive to multi platform lines anymore. > > It’s not like the 50’s and 60’s where you could tell the difference between the models GM has already started getting all the Buick Pontiac and GMC franchises under one roof… i think that might be foreshadowing ---
**Author:** ![misteroman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/misteroman/32/7423_2.png) [@misteroman](https://forums.speedlife.net/u/misteroman)\ **Post date:** [October 11, 2008, 6:15pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/187 "2008-10-11T18:15:07Z")
Dave, How long until there are only a few dealers per 100 mile radius?You guys,west herr and paddock if he decided to branch off could run the whole area ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [October 11, 2008, 6:22pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/188 "2008-10-11T18:22:28Z")
D, I think the NADA is predicting 800 dealers closing by the end of the year. Analyst are predicting 2,000 - 3,000. My guess is wholesale/floor plan rates will continue to rise and lending will become even harder to come by at a higher rate. Or if dealers lose their floor plan, I highly doubt anyone would pick them up at a reasonable rate. My comments are based on my own personal opinion and not based on any knowledge from the company I work for. ---
**Author:** ![TORQDSS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/torqdss/32/5125_2.png) [@TORQDSS](https://forums.speedlife.net/u/TORQDSS)\ **Post date:** [October 11, 2008, 6:53pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/189 "2008-10-11T18:53:52Z")
> [@misteroman$$$](#): > > Dave, > How long until there are only a few dealers per 100 mile radius?You guys,west herr and paddock if he decided to branch off could run the whole area well I think that’s the direction we are going in but that’s good for us!! Shit we are already in the top 10 in the nation so why slow down now? > [@BigRon](#): > > D, > I think the NADA is predicting 800 dealers closing by the end of the year. Analyst are predicting 2,000 - 3,000. > My guess is wholesale/floor plan rates will continue to rise and lending will become even harder to come by at a higher rate. > Or if dealers lose their floor plan, I highly doubt anyone would pick them up at a reasonable rate. > > My comments are based on my own personal opinion and not based on any knowledge from the company I work for. I agree 100%. the guys with the cash to weather this will come out of it like bulldogs and own the market around them. Get ready for the future of Mega-dealers who are 50 miles or more away from each other. Hell Tampa FL only has 4 Chevy dealers for the whole city! (friend of my dad’s owns the Furhman Autogroup there) ---
**Author:** ![Danny\_Boy](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/danny_boy/32/5079_2.png) [@Danny\_Boy](https://forums.speedlife.net/u/Danny_Boy)\ **Post date:** [October 11, 2008, 7:00pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/190 "2008-10-11T19:00:50Z")
![http://img.photobucket.com/albums/v110/Danny_LT1/Funny%20pics/morons.jpg](http://img.photobucket.com/albums/v110/Danny_LT1/Funny%20pics/morons.jpg) ![http://img.photobucket.com/albums/v110/Danny_LT1/Funny%20pics/CaptainobviousChooseOption.jpg](http://img.photobucket.com/albums/v110/Danny_LT1/Funny%20pics/CaptainobviousChooseOption.jpg) ---
**Author:** ![misteroman](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/misteroman/32/7423_2.png) [@misteroman](https://forums.speedlife.net/u/misteroman)\ **Post date:** [October 11, 2008, 8:35pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/191 "2008-10-11T20:35:48Z")
Agreed just like the banks.only will be 10 or so probably in 10 yrs if taht long. Did you get my PM Dave? ---
**Author:** ![Chuck](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/chuck/32/7377_2.png) [@Chuck](https://forums.speedlife.net/u/Chuck)\ **Post date:** [October 11, 2008, 8:52pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/192 "2008-10-11T20:52:53Z")
GM is Looking to aquire Chrysler now thats messed up. Welcome back AMC ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [October 11, 2008, 8:59pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/193 "2008-10-11T20:59:23Z")
Automotive news is saying a trade: Chrysler for the remaining 49% of GMAC ---
**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\ **Post date:** [October 12, 2008, 5:37pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/194 "2008-10-12T17:37:22Z")
> [@BigRon](#): > > Automotive news is saying a trade: Chrysler for the remaining 49% of GMAC That’s pretty much what I thought - except Cerberus would be getting the better part of the deal: GMAC + Chrysler Financial =\> Cerberus Financial vs. GM-Chrysler Automotive. And if I were GM, I’d be hesitant to give up all of my captive finance arm, even though it lost $1.5 Billion last year. ---
**Author:** ![nelstoys](https://avatars.discourse-cdn.com/v4/letter/n/48db29/32.png) [@nelstoys](https://forums.speedlife.net/u/nelstoys)\ **Post date:** [October 12, 2008, 9:07pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/195 "2008-10-12T21:07:39Z")
All i know is my stocks are down big, my 401k’s lost a shit load and i still can care less! Im just happy gas only cost me 3.57 today! Sux for Gm, but it sux more for the middle class americans feeling more then this. ---
**Author:** ![nelstoys](https://avatars.discourse-cdn.com/v4/letter/n/48db29/32.png) [@nelstoys](https://forums.speedlife.net/u/nelstoys)\ **Post date:** [October 12, 2008, 9:09pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/196 "2008-10-12T21:09:40Z")
Hey Joe, bet you can get a new camaro next year really cheap now. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [October 13, 2008, 2:02pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/197 "2008-10-13T14:02:50Z")
> **[Yahoo Finance - Business Finance, Stock Market, Quotes, News](https://finance.yahoo.com/)** > > At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. GMAC adopts more conservative lending policies for consumer auto loans amid credit crunch ---
**Author:** ![camarojoe](https://avatars.discourse-cdn.com/v4/letter/c/c67d28/32.png) [@camarojoe](https://forums.speedlife.net/u/camarojoe)\ **Post date:** [October 13, 2008, 3:19pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/198 "2008-10-13T15:19:51Z")
> [@nelstoys](#): > > Hey Joe, bet you can get a new camaro next year really cheap now. Already have paperwork for it but am playing a little waiting game for some other details. And I bought some GM stock today too. ---
**Author:** ![BooSting](https://avatars.discourse-cdn.com/v4/letter/b/b19c9b/32.png) [@BooSting](https://forums.speedlife.net/u/BooSting)\ **Post date:** [November 10, 2008, 7:44am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/199 "2008-11-10T07:44:15Z")
[http://www.bloomberg.com/apps/news?pid=20601087&sid=aXdq61f3HmOw&refer=home](http://www.bloomberg.com/apps/news?pid=20601087&sid=aXdq61f3HmOw&refer=home) > General Motors Plummets After Analyst Cuts Price Target to **_Zero_** ---
**Author:** ![Paulo](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/paulo/32/7328_2.png) [@Paulo](https://forums.speedlife.net/u/Paulo)\ **Post date:** [November 10, 2008, 7:45am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/200 "2008-11-10T07:45:12Z")
They also ducked out of the race to buy Chrysler. Now it looks like Hyundai and Nissan are sniffing around. [Previous page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=9) [Next page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=11)