# 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:** 26
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 3, 2009, 9:43am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/501 "2009-04-03T09:43:12Z")
ugh, fucking credit default swaps. Insurance without any of the regulation/due process required of insurance. They are why we can’t have nice things. ---
**Author:** ![Avatar](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/avatar/32/5076_2.png) [@Avatar](https://forums.speedlife.net/u/Avatar)\ **Post date:** [April 7, 2009, 1:06pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/502 "2009-04-07T13:06:50Z")
[GM in Intense Preparations for Bankruptcy](http://www.reuters.com/article/newsOne/idUSTRE5363ZM20090407) > A plan to split the corporation into a “new” company made up of the most successful units, and an “old” one of its less-profitable units, is gaining momentum and is seen as the most sensible configuration, said another source familiar with the talks. ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [April 7, 2009, 1:08pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/503 "2009-04-07T13:08:09Z")
> [@Avatar](#): > > [GM in Intense Preparations for Bankruptcy](http://www.reuters.com/article/newsOne/idUSTRE5363ZM20090407) GM will be: Chevy: Pickups and eco cars Cadillac: Luxo cars. That’s it. ---
**Author:** ![Moruitelda](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/moruitelda/32/5348_2.png) [@Moruitelda](https://forums.speedlife.net/u/Moruitelda)\ **Post date:** [April 7, 2009, 1:11pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/504 "2009-04-07T13:11:41Z")
> [@sedlmeier101](#): > > GM will be: > > Chevy: Pickups and eco cars > > Cadillac: Luxo cars. > > That’s it. You don’t think they’ll keep Pontiac around for sportier cars, like the G8 line, Solstice, etc.? ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 7, 2009, 1:19pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/505 "2009-04-07T13:19:39Z")
Pontiac isn’t going anywhere. G8, solstice, and vibe will be around at a minimum. Not to mention Buick as a bridge between caddy and chevy for middle-class old people and China. ---
**Author:** ![snowracer101](https://avatars.discourse-cdn.com/v4/letter/s/258eb7/32.png) [@snowracer101](https://forums.speedlife.net/u/snowracer101)\ **Post date:** [April 7, 2009, 1:29pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/506 "2009-04-07T13:29:04Z")
> [@Moruitelda](#): > > You don’t think they’ll keep Pontiac around for sportier cars, like the G8 line, Solstice, etc.? wait, you said pontiac = sporty? lolz. :ohnoes: I laugh when I worked at toyota, and someone would come in with a 1 year old grand am, they would try to trade it in, they would owe like $24k and we would offer like $8k ---
**Author:** ![Moruitelda](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/moruitelda/32/5348_2.png) [@Moruitelda](https://forums.speedlife.net/u/Moruitelda)\ **Post date:** [April 7, 2009, 1:30pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/507 "2009-04-07T13:30:39Z")
> [@sedlmeier101](#): > > wait, you said pontiac = sporty? > > lolz. > :ohnoes: > > I laugh when I worked at toyota, and someone would come in with a 1 year old grand am, they would try to trade it in, they would owe like $24k and we would offer like $8k A Grand Am isn’t a good example. I’m talking about the G8 GT, G8 GXP, Solstice, etc. Yes, they’re the sportiest cars they have outside of the Cadillac CTS-V Corvette, and Camaro. ---
**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\ **Post date:** [April 7, 2009, 3:33pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/508 "2009-04-07T15:33:27Z")
That’s all good, since Pontiac hasn’t made a Grand Am since 2003… ---
**Author:** ![my01celica](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/my01celica/32/5028_2.png) [@my01celica](https://forums.speedlife.net/u/my01celica)\ **Post date:** [April 7, 2009, 3:45pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/509 "2009-04-07T15:45:39Z")
gm did this to them selves, who really need a tank for a car example the hummer. GM never prepared for the hike with gas prices and never thought to downsize before this happened. and the price they pay out for health care as a whole in the company is obsurd. it cost almost 1500 a car to cover health care.and while all the corprate people keep getting richer the people on the assembly line are getting screwed. i dont see how people have the need to drive the huge trucks and armered trucks that should stay only in the military ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 7, 2009, 3:49pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/510 "2009-04-07T15:49:29Z")
:bloated: PEOPLE BOUGHT A TON OF HUMMERS. THEY HAD A HUGE PROFIT MARGIN. HUMMER WAS NOT THEIR PROBLEM. ---
**Author:** ![my01celica](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/my01celica/32/5028_2.png) [@my01celica](https://forums.speedlife.net/u/my01celica)\ **Post date:** [April 7, 2009, 3:50pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/511 "2009-04-07T15:50:27Z")
well they dont seem to be selling anymore !!! ---
**Author:** ![my01celica](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/my01celica/32/5028_2.png) [@my01celica](https://forums.speedlife.net/u/my01celica)\ **Post date:** [April 7, 2009, 3:52pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/512 "2009-04-07T15:52:08Z")
i had a gmc before and it was always breaking. i will never buy another american car again. i will stick to my jap cars better gas milage and hold there resale ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 7, 2009, 3:52pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/513 "2009-04-07T15:52:46Z")
we don’t care. I ate fish once and got a stomachache. I’m never eating fish again. ---
**Author:** ![camarojoe](https://avatars.discourse-cdn.com/v4/letter/c/c67d28/32.png) [@camarojoe](https://forums.speedlife.net/u/camarojoe)\ **Post date:** [April 7, 2009, 4:03pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/514 "2009-04-07T16:03:04Z")
> [@my01celica](#): > > well they dont seem to be selling anymore !!! You must not travel South or West often. People in Tonawanda don’t buy Hummers, the car at least. Inb4thedomestichatersgetahardonandbashcarstheyhaveneverdrivenorowned ---
**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\ **Post date:** [April 7, 2009, 6:37pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/515 "2009-04-07T18:37:06Z")
> [@camarojoe](#): > > Inb4thedomestichatersgetahardonandbashcarstheyhaveneverdrivenorowned Inb4theonlycars2buyRmadeWestofPacificCoastHighway… ---
**Author:** ![yamba6](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/yamba6/32/5161_2.png) [@yamba6](https://forums.speedlife.net/u/yamba6)\ **Post date:** [April 21, 2009, 10:08am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/516 "2009-04-21T10:08:53Z")
ummmmm…is this true, did i repost it on this thread and its somewhere else? [http://www.borowitzreport.com/article.aspx?ID=7011](http://www.borowitzreport.com/article.aspx?ID=7011) Obama Opens Chevy Dealership on White House Lawn edit: i did not read the whole entire thing, so if im missing something or a joke out of this, thats why i asked. ---
**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\ **Post date:** [April 21, 2009, 10:17am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/517 "2009-04-21T10:17:02Z")
you can’t be serious. ---
**Author:** ![yamba6](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/yamba6/32/5161_2.png) [@yamba6](https://forums.speedlife.net/u/yamba6)\ **Post date:** [April 21, 2009, 10:17am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/518 "2009-04-21T10:17:47Z")
yeah, sorry i just read that. edit: as soon as i saw who was selling the cars and the situation i realized what was going on. ---
**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:** [April 21, 2009, 12:05pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/519 "2009-04-21T12:05:18Z")
OH YAMMY! ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [April 22, 2009, 10:13am UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/520 "2009-04-22T10:13:50Z")
Here it is: [http://www.marketwatch.com/News/Story/Story.aspx?guid={2389E5CF-6358-4457-8CAB-D80AA5C3CF41}&siteid=yhoof2](http://www.marketwatch.com/News/Story/Story.aspx?guid=%7b2389E5CF-6358-4457-8CAB-D80AA5C3CF41%7d&siteid=yhoof2) General Motors Corp.will not make a $1 billion debt payment due June 1, The Wall Street Journal reported Wednesday on its Web site, citing the auto maker’s chief financial officer Ray Young. Waiting for news trucks downstairs. [Previous page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=25) [Next page](https://forums.speedlife.net/t/gm-bankrupt/56161.md?page=27)