GM Loses another 9.6 Billion...

[2000LS1Bird]

Makes me wonder. Are we going to see the new Camaro or not?

GM is on the edge of total collapse without going Chapter 11.

http://apnews.myway.com/article/20090226/D96J8RGG0.html

[86 IROC-Z]

They should have declared bankruptcy a long time ago.

Normally if you have a business and it fails, you just cut your losses, better luck next time.

Unfortunately for the US government, companies like GM can blackmail them into giving them boatloads of undeserving funds, because otherwise they'll just say "lolbye", abandoning everything, laying off millions of people, and further fucking over the economy.

[1MileCrash]

as much as i hate to say it...no more money. the game is over. file chapter 11 and have the federal auditors in the building at all times. restructure accordingly and work through it. no more money though...this has gotten completely out of hand. it went from "we need $x billion to stay alive" to "we need $xy billion to stay alive" and now it's even more than that. they can't keep track of things and they can't figure it out. get rid of the ceo's that have driven the company into the shitter and let's start over.

i think we will see one limited year of the 5th gen camaro at this point.

[shady milkman]

ahhh i dont know why people expect gm to just start making money??? gm is much deeper then just a car manufacturer..they make alot of shit and GMMAC is a big part. What people dont realize is that this big push for more efficient vehicles etc require alot of R&R (dont make money..you spend it for R&R) and then they need to retool the plants etc ( more money) and then the gov't forcing this fuel efficiency shit is hurting GM further..companies dont make money on new technology and small cars..period ..this turn around into profit will take i see 2-5 years. Since people forget that the economy is in bad shape..so not to many people will buy cars even if the designs etc are better

[2000LS1Bird]

i think we will see one limited year of the 5th gen camaro at this point.

So its going to be another Bricklin? LOL

[310stanger]

Has Rick Wagoner gotten his pink slip yet? Anybody know?

[Sarge]

Free enterprise doesn't "loan" taxpayer dollars to public companies nor "regulate" executive pay of those companies...nor "redistribute wealth"....these are things Karl Marx advocated......
GM...your business plan sucked and your toast. File bankruptcy and have a nice day. You work for GM...tough shit....start your own business or get another job...or starve to death.....your call.....house get hit by a hurricane? Tough shit...you either got insurance or you don't...Government and the rest of us taxpayers are not responsible if A) You cannot get the fuck out of the way of a hurricane ( look up the meaning of EVACUATION) B) Too stupid to have insurance....we don't care.....
Sign some stupid ass mortgage that allows rates being adjusted and your too stupid to know what you signed and are losing your house....tough shit.....go to school and learn to read and what all those terms and conditions mean you dumb fucker....lose your job and cannot pay your house payment? Tough shit.....why should I pay your mortgage and mine cuz your a ignorant loser....why should I pay to rebuild your house because you didnt have insurance....why should I listen to you bitch and moan about not being rescued for two days cuz your too stupid to get the fuck out of the path of a hurricane after you been warned for three fucking days.....why should I have to pay your fucking kids health insurance cuz your a lazy ass loser? This all the while I am paying for my own kids health insurance.....fuck you....if your that stupid/ignorant and lazy you shouldnt be having kids. Want to "redistrbute" my wealth you liberal socialist cocksucker? Sure go ahead.....wont be long you'll have a bunch of lazy welfare fucks not working cuz they dont have to.....go look up why Russia and Communisim/Socialisim collapsed you liberal butt wart mother fuckers.
Fuck you whining crybaby liberal welfare taking food stamp son of a bitches. You are killing America. But I bet we will kill you first.
And in closing. You illegal aliens get the fuck out or we will kill you also.
Obama and Nancy Pelosi are the best thing to happen in years. Cut through the bullshit and just come right out and try and turn America into a Socialist country. Fuck lets have war...finally...no more playing around. Revolution II.

[310stanger]

Free enterprise doesn't "loan" taxpayer dollars to public companies nor "regulate" executive pay of those companies...nor "redistribute wealth"....these are things Karl Marx advocated......
GM...your business plan sucked and your toast. File bankruptcy and have a nice day. You work for GM...tough shit....start your own business or get another job...or starve to death.....your call.....house get hit by a hurricane? Tough shit...you either got insurance or you don't...Government and the rest of us taxpayers are not responsible if A) You cannot get the fuck out of the way of a hurricane ( look up the meaning of EVACUATION) B) Too stupid to have insurance....we don't care.....
Sign some stupid ass mortgage that allows rates being adjusted and your too stupid to know what you signed and are losing your house....tough shit.....go to school and learn to read and what all those terms and conditions mean you dumb fucker....lose your job and cannot pay your house payment? Tough shit.....why should I pay your mortgage and mine cuz your a ignorant loser....why should I pay to rebuild your house because you didnt have insurance....why should I listen to you bitch and moan about not being rescued for two days cuz your too stupid to get the fuck out of the path of a hurricane after you been warned for three fucking days.....why should I have to pay your fucking kids health insurance cuz your a lazy ass loser? This all the while I am paying for my own kids health insurance.....fuck you....if your that stupid/ignorant and lazy you shouldnt be having kids. Want to "redistrbute" my wealth you liberal socialist cocksucker? Sure go ahead.....wont be long you'll have a bunch of lazy welfare fucks not working cuz they dont have to.....go look up why Russia and Communisim/Socialisim collapsed you liberal butt wart mother fuckers.
Fuck you whining crybaby liberal welfare taking food stamp son of a bitches. You are killing America. But I bet we will kill you first.
And in closing. You illegal aliens get the fuck out or we will kill you also.
Obama and Nancy Pelosi are the best thing to happen in years. Cut through the bullshit and just come right out and try and turn America into a Socialist country. Fuck lets have war...finally...no more playing around. Revolution II.

Sarge you think Wagoner should have gotten read the riot act already right? IMO he should have a big size 12 footprint on his ass and his briefcase chucked at him on the way out the door.

[Sarge]

Yup......hey if I didn't show a return to my investors....I'm gone...don't care I own more shares than everybody else...I have a fiduciary duty to my investors to make them money...if not I'm not CEO anymore....period....

[FasstChevys]

Makes me wonder. Are we going to see the new Camaro or not?

It's already out.

[SeVeReDiStOrTiOn]

Wtf did they do with the billions they were already GIVEN? I just don't understand how they can burn through that much money in so little time. It would be painful for us all but we need to let these fuckers collapse and die already.

[86 IROC-Z]

Wtf did they do with the billions they were already GIVEN? I just don't understand how they can burn through that much money in so little time. It would be painful for us all but we need to let these fuckers collapse and die already.

They withdrew it all in cash money, and blended it with apples and bananas each morning as a breakfast shake, so they could literally "piss it away."

[SeVeReDiStOrTiOn]

Probably spent it on hookers and pancakes

[0rion]

Yup......hey if I didn't show a return to my investors....I'm gone...don't care I own more shares than everybody else...I have a fiduciary duty to my investors to make them money...if not I'm not CEO anymore....period....

me and you should go into business together when they fire you. I want to have CEO in my job title..... I'd even settle for co-CEO, CEO in training, or CEO jr.

[Y2KPewterSS]

as much as i hate to say it...no more money. the game is over. file chapter 11 and have the federal auditors in the building at all times. restructure accordingly and work through it. no more money though...this has gotten completely out of hand. it went from "we need $x billion to stay alive" to "we need $xy billion to stay alive" and now it's even more than that. they can't keep track of things and they can't figure it out. get rid of the ceo's that have driven the company into the shitter and let's start over.

i think we will see one limited year of the 5th gen camaro at this point.

Sad to say, but I agree, stop giving them money.

[2000LS1Bird]

It's already out.

Really? At the dealerships?

[CGLHawk260]

+1 Sarge, i'm sick of the bailouts. Obama is starting to piss a lot of people off that voted for him. He doesn't realize that the primary goal of a corporation is to maximize profits for shareholders. It is obvious that Wall Street doesn't like him. As the stock market continues to sell off the corporations will continue to lay off. He doesn't get it Wall Street and main street are connected.

[bluefields88]

Sigh, it sure would be a shame to see GM go, but shit. I agree with most of you. Time to put the man-pants on and fire the idiots who drove the company into the ground. I also agree that we shouldn't be giving out so many damned hand-outs. Give a man a job so he can make his own money, not give him money so he can sit on his ass.

[FasstChevys]

Really? At the dealerships?

Yes - and even in people's driveways.

[Sarge]

I seen one the other day.....going down the road...