Will there be any smoking deals on new GM product if there is a prepackaged bankruptcy? I'd love a deal on a convertible.

My guess is if GM goes bankraupt, it will be business as usual for everyone on the outside of GM. If they go bankraupt, they will not be shutting down business or stop making cars, or liquidating assetts. They will be restructuring contracts and working deals with suppliers and such. Inventory will remain unaffected as far as pricing goes.

Jeff

If I'm not mistaken can't they redo union contracts also.

If I'm not mistaken can't they redo union contracts also.

How much you want to bet that the adminstration will not let the UAW contract take it too hard in the shorts. Remember the adminstration will go for the "we loaned you money so ..........", the adminstration got alot of money during the election by the unions. Do the math. Rant over :p

Acording to my working conditions they have it pretty well off. I'm not trying to instigate any debates.

Even if GM files, and were to go out of business, and then you bought a new Chevy (or whatever), then where the heck you gonna take it for service/warrenty work? You can't get repairs/warranty work done if there are no dealers to take it to! :sad:

Soooooooooooo, be careful what you wish for----------------you just may get it! :eek:

In the event of total bankruptcy and GM were to be wound down, you had better hope that someone buys ALL the GM tooling. Finding parts would be an almost immediate problem. We've never had such an integral part of society go down before. When a steel mill shut down it didn't matter quite so much, except for the workers and suppliers. A coil of steel is a coil of steel. It can be bought from several sources. You can't throw just any steering box on your new Camaro. These are specific parts and if you can't get them, the Camaro is mothballed. That's a lot of money to park. It's not quite like throwing out a TV or stereo because you can't get parts. I don't think that any of us realize what it will be like until it happens. It may just be a lot uglier than we imagine. We may even find out first hand. As Tom just said........

So when do any of you think they will announce the B-Day:confused:
They cant hold out much longer.

You could get a great deal on the stock that's currently available...... it will be cancelled.

As for parts, etc. Basically whatever is still out there will become a hot commodity. Dealers will need to sell to keep thier business running, GM warehouses will still be supply points, and independant garages will still need parts from thier dealers to fix things. If GM still isn't around to supply those things, plan on someone buying the tooling, but the price will go up significantly-if anything because GM pays for the daily and warehouse shipments as long as it isn't overnight. I doubt new manufacturers will cover shipping like that, and expect parts to take longer to get, if at all.

invest in a quality salvage yard.

Not sure how all this would play out.Hoping to see a new Camaro at some point though.

GM will go through Chapter 11 which will restructure them, not Chapter 7 liquidation. GM will get to open all the existing contracts and a judge will approve or reject what is agreed upon. There will be a GM after bankruptcy, just not the gaint we know today. The adminstration will not kill off that many union jobs by offing GM, it is just politics. If nothing else just think of the backlash to any political hacks if they board up GM. Who would buy all that machinery, buildings, and product? What about all the dealerships that would have no new product to sell, no parts for vehicle service, and all the personel that would be on the street, mechcanics, salespersons, office staff, parts counters staff.........it would be a bloody mess. So no even this adminstration will not be liquidating GM..........Chrysler is another thing.

The Camaro is arriving at dealerships, a serviceman has recieved the first delivered 5th Gen Camaro.

I think you will see Chrysler and Fiat do a deal. Chrysler has no choice. With GM it is about 50-50 on whether they file for chapter 11. With a company the size of GM, you would want to whittle it down gradually over a period of years if you were to actually liquidate everything. Through chapter 11, they can whittle off the fat and car lines they don't need right away. After a few years, if that still doesn't work, they can always go through the same process again. By then GM will be strong enough in China and Asia that they won't even need North America and they can just walk away. Think it can't happen. Write this on the wall and we will see. I hope not.

I think you will see Chrysler and Fiat do a deal. Chrysler has no choice. With GM it is about 50-50 on whether they file for chapter 11. With a company the size of GM, you would want to whittle it down gradually over a period of years if you were to actually liquidate everything. Through chapter 11, they can whittle off the fat and car lines they don't need right away. After a few years, if that still doesn't work, they can always go through the same process again. By then GM will be strong enough in China and Asia that they won't even need North America and they can just walk away. Think it can't happen. Write this on the wall and we will see. I hope not.
I can see this happening. Your thinking is logical.

I can see this happening. Your thinking is logical.

#1 vehicle in asia is the Buick. People forget GM is a global company (same as the asian vehicles). Globally, GM does well. They are spread out and can compete. In America, they are hindered by the American system of higher wages (deserved or not, they are higher) and the government regulations even within our country ie:California emissions.

Deleted due to double posting.

How much you want to bet that the adminstration will not let the UAW contract take it too hard in the shorts. Remember the adminstration will go for the "we loaned you money so ..........", the adminstration got alot of money during the election by the unions. Do the math. Rant over :p

Man, those days have been long gone for ages. Both parties rely heavily on corporate contributions. Why do you think neither party cares about working people anymore?

Once it gets to Chapter 11, anything can happen. The airlines have all been down this road. The administration can't butt its nose in. The bankruptcy judge, if it goes there, has the final say in all matters. And a bankruptcy of this magnitude will be under the microscope, so if the administration did try to interject itself into the proceedings, it would be political suicide.

One thing you need to remember, the dealer OWNS the inventory on his lot. He's not gonna just dump it unless something drastic happens...

More notorious double posting.

http://www.kbtx.com/home/headlines/43494142.html

Man, those days have been long gone for ages. Both parties rely heavily on corporate contributions. Why do you think neither party cares about working people anymore?

Once it gets to Chapter 11, anything can happen. The airlines have all been down this road. The administration can't butt its nose in. The bankruptcy judge, if it goes there, has the final say in all matters. And a bankruptcy of this magnitude will be under the microscope, so if the administration did try to interject itself into the proceedings, it would be political suicide.

Randy, Oh you are right on with that all the polititions of both parties being in bed with the corporations, of that no one can disagree. It is just that the party in charge now gets alot of cash from the unions, and will cater to their yelling and screaming (more about politicans being hoes than idealogy). The Adminstration already has stuck its nose in.......Rick is out, remember. Politicans think they know more than those running businesses or you and I running a household (both parties are guilty). In Chapter 11 the judge will be the final say in what contracts are changed and how, but still these are judges under government control (money to run the courts, who gets put on a court....et al), so that could be an issue. Now I am not saying that this WILL take place but I can see it could happen, and in my opinion politicans can't keep their hands out of anything.

One thing you need to remember, the dealer OWNS the inventory on his lot. He's not gonna just dump it unless something drastic happens...

Not to mention all the parts and supplies inside the building. Used car business is keeping a lot of the dealers going right now, especially since they actually make money on those. New car sales are a break even deal, but drive traffic in and create service customers for warranty and maintenance work.