GM worse off than I thought....

Feb 27, 2009 30 Replies

I just saw where GM is trying to sell off 25% to 50% of Opel. This can't be a good sign. Opel has been fully owned by GM for 80 years. I wouldn't be much more shocked if they said they were going to sell 25% of Chevrolet....



If I was running Toyota, I'd try to buy 50% now....



Ed


GM wants to sell off European brands because it costs much more to make cars in Europe because of the socialist governments there. If BO keeps getting his way we are headed down that sorry road as well

Bluh bluh, socialism bluh bluh socialism Yadda yadda socialism. You are stuck in a stanky groove. What facts can you give us comparing GM US workers with GM Euro workers with Japan auto workers.

I also believe that the "great leader" has proposed twiddling with profits earned by off-shore subsidiaries, so even more reason for US companies to move their headquarters to where they see the greatest returns. Wonder if we will see GM-Tobago or some such?

R i I

I think Toyota would handle such an acquisition the way Southwest Airlines handled airlines that it bought. They sold the planes and kept only the gate rights. So I'd expect Toyota to keep only the factories and maybe not even any of the machinery inside.

Come on Ed. Is cross-posting this to GM and Toyota groups necessary? You have managed to start several flame wars, why do you feel the need to start more?

I dont see there needs to be a flame war. This is deadly serious for everybody.

If that is true why are the European GM's so much better than the "all american" ones?

nate

Mike Hunter wrote:

Bluh bluh, socialism bluh bluh socialism Yadda yadda socialism. You are stuck in a stanky groove. What facts can you give us comparing GM US workers with GM Euro workers with Japan auto workers.

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Allow me to predict Uncle Jemima's response:

"BACARDI!!! LMAO ROFL!!!"

He just likes to try to bring us together more often! ;)

Actually, yeah. GM does make *some* decent cars, and to see them go out of business would not be good for anybody, certainly.

If you guys can't see Socialism looming on the horizon you need to remove the blinders.

I totally agree that this is very serious. My point is Ed has a way of sparking a flame war between the GM and Toyota group, and I honestly don't see a need for it. All it does is cause the two groups to go to hell for a few weeks.

We'll try to keep that from happening this time...

Hell's Bells man. It's not on the horizon, it's HERE!!!

IT hasn't quite passed the muster...yet.

But judging from all the K00L-Aid drinkers in this group, it won't be long...

Breaking out your confederate flags? This is so much fun to watch. Conservatives are just like the Taliban - can't get your way, turn to violence.

No one has turned to violence here. We have all, at times, expressed our opinions.

I hear Rush Limbaugh whine about "socialism" all the time.

Exactly what is so bad about this "socialism" ?

Is Medicare socialism ? Is Social Security "socialism" ?

I know that "investing all your assets in the stock market" would be capitalism....... of course, you just lost your ass there.

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