# 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:** 7
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [October 9, 2008, 3:36pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/121 "2008-10-09T15:36:33Z")
actually, I’ve heard they’ve improved their quality at Kia quite substantially. My sister and her husband bought one brand new back in 99 and that car was a TOTAL piece of shit (no domestic can touch the amount of hard plastic lining the interior). They literally had it in the shop every other week… it just fell apart. They’ve come a long way since then :tup: (not that I would necessarily purchase one, but you gotta give credit where it’s due) ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [October 9, 2008, 3:39pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/122 "2008-10-09T15:39:29Z")
lol [http://www.epinions.com/auto\_Make-1999\_Kia\_Sephia/display\_~reviews](http://www.epinions.com/auto_Make-1999_Kia_Sephia/display_~reviews) edit: but then again, back then these cars were CHEAP as hell and pretty good on gas too (not that it mattered back then) ---
**Author:** ![MOBOOST4U](https://avatars.discourse-cdn.com/v4/letter/m/f4b2a3/32.png) [@MOBOOST4U](https://forums.speedlife.net/u/MOBOOST4U)\ **Post date:** [October 9, 2008, 3:42pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/123 "2008-10-09T15:42:00Z")
> Cons: Similar looking to a Corolla Lmao… I would think that would be a good thing in this case haha. ---
**Author:** ![Dr.Stevil](https://avatars.discourse-cdn.com/v4/letter/d/da6949/32.png) [@Dr.Stevil](https://forums.speedlife.net/u/Dr.Stevil)\ **Post date:** [October 9, 2008, 3:42pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/124 "2008-10-09T15:42:48Z")
lol edit: [Shopping Online at Shopping.com | Price Comparison Site](http://www.epinions.com/content_60813119108) > Kia Spehia 1999 on it’s last 2 legs > by goninfo2001: Written: Apr 08 '02 > Product Rating: 1.0 Recommended: No > Pros: The Kia Spehia has absolutely no Pros! > Cons: Everthing is made with superglue even the engine. > The Bottom Line: save an xtra $2000 & buy yourself a Toyota/Honda anything for goodness sake but any Kia. You buy it you looking to get screwed. it’s really amazing they were able to recover from the first few model years ---
**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\ **Post date:** [October 9, 2008, 4:45pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/125 "2008-10-09T16:45:54Z")
> [@bing](#): > > would you guys shut up… > > american car companies are run by bankers who make shitty automotive decisions. > > GM makes boring ass cars, therefore, no one buys them. Their sales numbers are inflated by fleet and commerical vehicle sales. I bet they are not in the top 2 for worldwide personal use passenger vehicle sales. > > People buy imports because they are better cars, hold their value longer, look better, last longer, out perform, more fuel efficient etc. etc. > > The North American car buyer… all 300 million of them, didnt make a massive shift to foreign cars for no reason. They made that shift because american car companies fucking suck in so many ways that lead to a shitty product for several decades. As much as they want to claim they have fixed things, it’s too late… > > i would not buy american. I bought my wife a new Kia and i’m pretty happy with it. happy enough in fact that i will very seriously consider looking at getting another KIA after this one. It isnt my fault that i’ll be buying foreign. It’s GM’s fault for not making a car that appealled to me. Umm… GM is currently #1 in China (and that’s NOT fleet sales). GM still has 1/5th of the market in the US, and is #1 here, too - all while reducing fleet sales (until recently). And don’t believe that your sentiments are reflected in other countries - only Americans are stupid enough to believe that people in other countries buy on quality/price alone. Case in point - Asians have a significant distain for American foodstuffs. in fact, they had RIOTS in South Korea over importing American beef, even though imported beef would be cheaper than domestic. Japanese historically feel that American rice is inferior, even though we can produce it cheaper than almost anyone else (save China). And Toyota on average sells 8-10 times alone what all the imports combined sell in Japan (including the Europeans). As a matter of fact, for April, 2007 - “13,133 imported vehicles were sold in Japan” (source: Japan Automobile Importers Association). And that means ALL non-JDM makers, in a 5-million car/year market. So all of this is a serious Domestic Security issue for the US - namely, US jobs. Those cheering for GM to fail should also realize the number of dealers, supplier and parts companies (OEM and aftermarket), finance companies, advertising agencies, etc. that rely on the “Big 3” for their own employment. And don’t count on the Japanese companies to just “fill in the void” if the Big 3 go under. Toyota itself has said that it relies on suppliers that the Big 3 use for its cars made here. I’m sure that they wouldn’t want to risk investing in new factories for a shrinking market and economy anytime soon - the San Antonio plant has already proved that it’s financially risky to do so. And it makes me wonder how GM would ever gain appreciation in the domestic market, when a stock Cobalt SS I mentioned above blew the doors off a Mazdaspeed 3 on a racetrack, and for less money. It was even felt to have handled better on the track, too. I mean come on - where else can you get a direct-injected turbo-four four-door that gets 30mpg highway for $23k? ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [October 9, 2008, 4:55pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/126 "2008-10-09T16:55:12Z")
It’s 2008, how many AWD car models does Chevy offer? Ford? Chrysler? Just sayin… ---
**Author:** ![jetlounge](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jetlounge/32/4994_2.png) [@jetlounge](https://forums.speedlife.net/u/jetlounge)\ **Post date:** [October 9, 2008, 5:00pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/127 "2008-10-09T17:00:26Z")
I think I read that Chrysler might become a parts only supplier…and as far as filling the void… orders on durable goods are down period. No void to fill because fewer people are buying cars, washing machines, you name it - foreign or domestic. The last estimate I read was that 700 dealerships would close in the next year. And i don’t think anyone is “cheering” for GM to fail. These are sad fucking times. And it is just the beginning of the great big suck. It’s going to suck worse than a hooker with a dustbuster. If you want to go american, invest in IGT…they make slot machines…Jack Daniels is another one. Casinos and drugs are the only industries that will see a growth when people are down and out. I’d tell you to invest in cocaine too, but that isn’t domestic product now, it is. ---
**Author:** ![traumadog](https://avatars.discourse-cdn.com/v4/letter/t/8baadc/32.png) [@traumadog](https://forums.speedlife.net/u/traumadog)\ **Post date:** [October 9, 2008, 5:22pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/128 "2008-10-09T17:22:14Z")
> [@Blue Eyed Devil](#): > > It’s 2008, how many AWD car models does Chevy offer? > Ford? > Chrysler? > Just sayin… Chrysler has the 300 AWD. Ford has an AWD Taurus and Fusion. GM has an AWD Saab 9-3, Cadillac STS and CTS. OTOH, How about Honda? Or Nissan? ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [October 9, 2008, 5:22pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/129 "2008-10-09T17:22:48Z")
> [@jetlounge](#): > > If you want to go american, invest in IGT…they make slot machines…Jack Daniels is another one. Casinos and drugs are the only industries that will see a growth when people are down and out. I’d tell you to invest in cocaine too, but that isn’t domestic product now, it is. guns. ---
**Author:** ![rj-92](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/rj-92/32/7310_2.png) [@rj-92](https://forums.speedlife.net/u/rj-92)\ **Post date:** [October 9, 2008, 5:41pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/130 "2008-10-09T17:41:51Z")
> [@TORQDSS](#): > > GM will never go bankrupt because this country would be totally fucked if they closed. Think of the ripple effect that would have when so many people lost their jobs all at once. Dave, Don’t be so naieve. I think most of us on here (\>22yo) can appreciate the affect that would have on this country. We would all be fucked and looking at a great depression all over again. But to say it can never happen os burying you head in the sand durring a hurricane pretending there’s nothing going on. > [@TORQDSS](#): > > FYI: > > GM’s sales #'s fell a smaller amount than any other manufacturer YTD for September. That means they are weathering this storm better than the other manufacturers. As far as sales is concerned yes. But they are hemoraging cash, FAST. GM has been taping into every available source for funds for 9 months now. They are losing money on day to day operations and have been for a while. Although their sales are only off 11.9% over the last 12 months their income is down **2,073%.** Its not about moving cars, its about being profitable and they are currently far from it right now. Their net profit margin is **-37%** The cars they are selling are not making any money. 85% of all the cars they are selling right now, they are doing so at a loss! You can’t make that up in volume. Their cash cow for years was their trucks. And right now they just aren’t moving enough of them. > [@TORQDSS](#): > > Why do we always have "GM sucks/closing/shitty interior/bankruptcy threads on this site? Seriously, this situation involves the auto industry as a a worldwide entity, not just GM people. This is not a jab at GM, my family has as much, if not more to lose if GM fails than anyone on this board. I’m just looking at what’s going on and its not good, not good at all. Persoanlly I’m scared shitless, but there’s no point in ingnoring the issue either. It is not only possible, but very likely GM will be bankrupt in 6 months (if they aren’t already), unless things start to come around very soon. ---
**Author:** ![Blue\_Eyed\_Devil](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/blue_eyed_devil/32/7292_2.png) [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)\ **Post date:** [October 9, 2008, 5:51pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/131 "2008-10-09T17:51:28Z")
> [@traumadog](#): > > Chrysler has the 300 AWD. Ford has an AWD Taurus and Fusion. > GM has an AWD Saab 9-3, Cadillac STS and CTS. > > OTOH, How about Honda? Or Nissan? I wouldn’t drive any of those except maybe the CTS, I didn’t know that came in AWD. Can you get a CTSV awd? I would definatley drive a CTSVAWD. ---
**Author:** ![BigRon](https://avatars.discourse-cdn.com/v4/letter/b/58956e/32.png) [@BigRon](https://forums.speedlife.net/u/BigRon)\ **Post date:** [October 9, 2008, 8:38pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/132 "2008-10-09T20:38:28Z")
> [@Blue Eyed Devil](#): > > I wouldn’t drive any of those except maybe the CTS, I didn’t know that came in AWD. > Can you get a CTSV awd? > I would definatley drive a CTSVAWD. They haven’t built a single CTS-V for production yet so the answer is no. So far only RWD sedan is available. Coupe, wagon and AWD are all said to be in different stages of testing. ---
**Author:** ![cky89](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cky89/32/4945_2.png) [@cky89](https://forums.speedlife.net/u/cky89)\ **Post date:** [October 9, 2008, 8:42pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/133 "2008-10-09T20:42:08Z")
> [@speedped](#): > > he drives a lil vw piece of shit what can you expect from him? obviously he isnt educated enough to buy something thats going to last, LOL ARE YOU FOR REAL? “MY LIL BRAND NEW 2007 23K PIECE OF SHIT?” My car will outlast your pile of dogshit. I’m going to knock you the fuck out you little faggot. ---
**Author:** ![Shockwave179](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/shockwave179/32/7496_2.png) [@Shockwave179](https://forums.speedlife.net/u/Shockwave179)\ **Post date:** [October 9, 2008, 8:54pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/134 "2008-10-09T20:54:45Z")
^ Ban. ---
**Author:** ![cky89](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cky89/32/4945_2.png) [@cky89](https://forums.speedlife.net/u/cky89)\ **Post date:** [October 9, 2008, 8:55pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/135 "2008-10-09T20:55:10Z")
> [@Shockwave179](#): > > ^ Ban. Go play on [texasspeed.com](http://texasspeed.com) faggot. ---
**Author:** ![Shockwave179](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/shockwave179/32/7496_2.png) [@Shockwave179](https://forums.speedlife.net/u/Shockwave179)\ **Post date:** [October 9, 2008, 8:56pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/136 "2008-10-09T20:56:32Z")
> [@cky89](#): > > Go play on [texasspeed.com](http://texasspeed.com) faggot. :mamoru: Getting angry are we? ---
**Author:** ![turbo\_ls1\_ss](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/turbo_ls1_ss/32/7303_2.png) [@turbo\_ls1\_ss](https://forums.speedlife.net/u/turbo_ls1_ss)\ **Post date:** [October 9, 2008, 8:56pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/137 "2008-10-09T20:56:35Z")
lol someone got some muscles ---
**Author:** ![cky89](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cky89/32/4945_2.png) [@cky89](https://forums.speedlife.net/u/cky89)\ **Post date:** [October 9, 2008, 8:58pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/138 "2008-10-09T20:58:13Z")
> [@Shockwave179](#): > > :mamoru: Getting angry are we? Nope. I just wanna maul speedped for sucking at life. ---
**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 9, 2008, 9:00pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/139 "2008-10-09T21:00:20Z")
Night crew at its finest. ---
**Author:** ![cky89](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/cky89/32/4945_2.png) [@cky89](https://forums.speedlife.net/u/cky89)\ **Post date:** [October 9, 2008, 9:01pm UTC](https://forums.speedlife.net/t/gm-bankrupt/56161/140 "2008-10-09T21:01:48Z")
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