GM posts 1st sales gain in 2 years

Even proponents of creative destruction acknowledge that the failure of GM would have set the economy back much further in the short-term...
 
Onceler said:
Calm down. You're always so on edge.

I said it was my opinion, and it's based on what I know about GM, the auto industry in general, and how many businesses and American workers depend on this industry for their livelihood. There are few states that wouldn't be affected by the failure of the American car industry, and the ripple effect of a company like GM failing would be enormous, any way you slice it.

If you need a graph to show you that, I can't really help you...
Click to expand...

LOL
WOW, that was pathetic. Sorry I asked how you get your opinions... Where you draw your conclusions from.

I didn't realize you just make shit up.
 
tinfoil said:
LOL
WOW, that was pathetic. Sorry I asked how you get your opinions... Where you draw your conclusions from.

I didn't realize you just make shit up.
Click to expand...

Well, it's not some "fringe theory" that the failure of GM would have had a huge ripple effect on the American economy - not just GM jobs, but suppliers, other manufacturers, businesses in areas that are built around GM, their suppliers & manufacturers, etc. etc. etc.

I'm always amazed when people simply can't piece that together, and think that GM failing just means that the workers at GM lose their jobs...
 
Southern Man said:
Again: " The normal course of bankruptcy..."
Click to expand...

Well, there are plenty who think that GM wouldn't have made it through the other side of that.

And just think about the market; if you're buying a car w/ a warranty, are you looking at bankrupt manufacturers? I'm not.
 
Onceler said:
Well, there are plenty who think that GM wouldn't have made it through the other side of that.

And just think about the market; if you're buying a car w/ a warranty, are you looking at bankrupt manufacturers? I'm not.
Click to expand...

Perhaps you should educate yourself about bankruptcy. GM would have done like Chrysler did, file Chapter 11, not Chapter 7. They would thus, like Chrysler did, continue to operate under a court and creditor approved restructuring plan, and would be required to honor warranties.
 
Southern Man said:
Perhaps you should educate yourself about bankruptcy. GM would have done like Chrysler did, file Chapter 11, not Chapter 7. They would thus, like Chrysler did, continue to operate under a court and creditor approved restructuring plan, and would be required to honor warranties.
Click to expand...

I understand that, but I'm still cautious that way, and most people do NOT understand that.

Sure, they're compelled to honor the warranty, and it's legally binding; but will you get the same response time, the same service, the same convenience? Too much uncertainty. I don't think there is any question that bankruptcy hurts marketability.
 
Onceler said:
I understand that, but I'm still cautious that way, and most people do NOT understand that.

Sure, they're compelled to honor the warranty, and it's legally binding; but will you get the same response time, the same service, the same convenience? Too much uncertainty. I don't think there is any question that bankruptcy hurts marketability.
Click to expand...

Clearly you didn't understand that or you wouldn't have whined about it. "Because folks are ignorant" is not a valid argument.

After it filed Chapter 11, Chrysler increased its warranty period to challenge the industry.
 
Southern Man said:
Clearly you didn't understand that or you wouldn't have whined about it. "Because folks are ignorant" is not a valid argument.

After it filed Chapter 11, Chrysler increased its warranty period to challenge the industry.
Click to expand...

No - I did. And I wasn't whining about it.

Do you dispute that GM declaring bankruptcy would have an affect on its ability to market?
 
Onceler said:
...I wasn't whining about it....
Click to expand...
Sure you were:

Onceler said:
... if you're buying a car w/ a warranty, are you looking at bankrupt manufacturers? I'm not.
Click to expand...

Their ability to market depends more on their ability to build a better product and prove it to the consumer. If they could get rid of the union that is dragging them down, they'd be better able to do that. No one wants to be paying for some union schlep to sit on his ass; they'd rather see their money go into technology and quality.
 
In a Gallup poll, just under half of those polled said that if a car company declares bankruptcy, it makes them less likely to buy a car from that manufacturer.
 
Onceler said:
In a Gallup poll, just under half of those polled said that if a car company declares bankruptcy, it makes them less likely to buy a car from that manufacturer.
Click to expand...

With the exception of Chevy, most people aren't likely to buy from GM anyways, because for the cost, their cars and trucks suck.
 
Onceler said:
You seemed to take issue with my contention that bankruptcy hurts marketability. Sorry if I misunderstood...
Click to expand...
Why should the federal government care about a private company's marketability? Ford and Toyota would simply sell more cars.
 
You must log in or register to reply here.
Back
Top