G.M., Once a Powerhouse, Pleads for Bailout
 

Shares in G.M. sank to their lowest point in 65 years, the day after it revealed its ability to survive is in substantial doubt because it may run out of money by the end of the year.

http://www.pheedo.com/img.phdo?x=e6f...ss/12auto.html

More...

sad

Every car company is headed out of business, if we cant fix this economy:argh:

That is very sad to hear. I wonder how long it will take for the other 2 to follow.

General Motors has been in trouble for a very long time. Outdated technologies, HP games and not pushing the envelope with diesel and other fuels is not something that just happened with them. They have been a stark oponent of diesel for a very long time - it is almost as if the last time they did it in earnest that that left a bad taste in their mouth or something.

High fuel prices sent their giant lumbering corporation, too slow to react to market demands into the toilet and it will never recover.

Chrysler, a private company, can do more things to keep itself from going in the tank but it isn't mush safer with the heavily reliance on the HEMI and other such "technologies" to hang their hat on. When they came out with the Durango in 1998 it was the talk of the town because it was small, but it sat 7 and it was capable and effective. They said that 2003 it would have a diesel and that they would continue to push the technologies until they came up with a more winning system. That day hasn't come yet and it is going on 2009. They have in their infinite wisdom hored out the design of the mini van to VW and that will for at least a time keep them afloat. the thing there is that the ROUTAN gets a TDI burner in every location but here and Chrysler could put the 3.0L V6 Blue Tech in it but they are too scared to do so.

Ford really isn't much better off. Although they sold some of their premium lines this year to release commitments and free up money it hasn't got them very far either. They are still holding their hat on the F150 because of the history it has. I'm not saying that is a bad thing but without offering more engines like the illusive navistar V6 diesel they won't climb out of this hole either.

Jump forward to the other companies: Honda, Toyota, Hundia, Nissan, Benz, VW, BMW just to name a few and they are either all playing in the hy-brid game with just about every car in their line up or they are giving the buyer a choice of diesel.

Honda is bringing the accord to market with a diesel and dropping their hybrid systems on their ass because they are too expensive to fix. Toyota sees itself as more of an urban car market so it si staying fast with the hy-brid stuff. Hundia and Nissan have yet to make any real plans and if Nissan doesn't do anything soon it will be another GMC, but without the huge SUV / push rod V8 issues. BMW and BENZ have both hit the markets with at least 2 diesels and show that sports, luxury and economy can and do go in the same sentence. VW (Audi, Porsche, VW) will survive only because of the markets elsewhere but their reliance on old Detriot is simply not there and won't be such a huge issue for them.

It is going to be a fun ride but it would be really wrong to have governments bail these companies out because they put themselves there.:pca1:

how will i get dealer parts?

I say don't give GM the BAIL-OUT money, GM can do what my company did to survive, GM can cut wages, sick-days, over-time, hoidays, medical, vacation, also they can sell the cars that ain't selling to the competition, they can go to a part-time shift, REMEMBER, no-one is buying cars & trucks right now, so how is the bail-out money going to help ????:w2:

Most dealer suppliers will likely bve effected by this pending closure but they won't get hit to the point of closing their doors as there is always a need for parts on the vehicles that were sold in years past. I would anticipate that those parts would be sold in other retail chains or from factory direct wholesalers where you could buy a box of oil filters or whatever.

Of course I don't really know but that's just my opinion.

all of them are going to be out if the economy doesent get its act right soon