It Finally Happened....GM Bonds Rated Junk

I read somewhere that Kerkorian wanting to buy more GM shares may have been the trigger for the GM junk rating (feared he might try and separate the mortgage & loan part of the business from the automaking side)

I had heard that to. But with only 5% ownership? Must be more to this.

Are you pro GM or anti GM or just like to bitch about GM? Their bonds have been rated this low many times before and they will recover as will Ford. Kerkorian doesn'r matter much, even at 5% ownership. noyk in Florida

"Da udder one ya dont know" wrote in message news: snipped-for-privacy@g14g2000cwa.googlegroups.com...

He has ~4% now, and was trying to buy 5% more. Having that many stocks gives him plenty of power. 5% is ~28,000,000 shares. That's alot of voting power. And it also would make him the 3rd largest shareholder of GM. Maybe it's just what GM needs.

If only that would happen. GM needs its head on straight and a bit of tough love might just be the ticket.

automaking

Do you have a stake in GM or just like to gossip about GM?

Do you work at a sewage plant or do you just talk like you work at one?

Simple fact of life and business. Every so often you need to do a garage sale and spring cleaning. Get lean, mean, and have space again for new ideas. All I see with GM and Ford is stodgy bland business like usual mentality, and that's not what I really want to see in a car.

BMW, otoh, they "get it" - their Mini convertable is a sweet little car to drive. They took an old failing design with potential and made it inso something great. GM takes Saab and de-evolves it almost instantly to their oatmeal-esque mentality.

Ford, well, Ford is Ford. They have huge issues that run deeper than management and image/new designs.

Your are confused, AGAIN. SAAB under GM is selling more cars than at any time in its history. Fords 2005 truck line is the number on selling truck line and has been for 28 years. The Escape in the number one selling small SUV and the Explorer is the number one selling mid size SUV. Fords new cars, the 500 and Freestyle are selling quite well without rebates. The new Mustang has more 2005 orders than Ford can produced, even with the increase of production by 80,000 units. Get real

mike hunt

Joseph Oberlander wrote:

Well you just answered my question. You don't even work near the auto industry do you.

Yep, BMW sure does get it, lots of your money. I think you don't really get it.

"Da udder one ya dont know" wrote in message news: snipped-for-privacy@g14g2000cwa.googlegroups.com...

Who said I'm anti-GM? The US needs GM. It's like your kid that acts stupid...you give them a good smack. If I didn't think GM was worth the time, I wouldn't even bother to try to change their piss-poor behavior towards their customers. They've received some letters from me as well. The rest of you, get writing those letters of you really care!

He would still need to build plenty of alliances to push through what ever his agenda is.

What kind of moron would come into a GM NG to gleefully gloat that this great American company lost money in the first quarter??

Mostly like some jerk that works for McDonald's or some other menial job that owns a five year old import, that he bought used, with no regard for the companies that actually provide decent paying job for millions of Americans.

Particularly when GM was the first company to realize it was the American consumer that would have to restart our economy after the divesting hit the economy took on 9/11.

The whole travel industry was in shambles. Millions of Americans would soon be out of work like thousands were already. Money from the government in loans and grants was not going to do more than move back the time when millions more American workers would begin losing their jobs.

GM spent hundreds of millions of dollars on ZERO interest loans and rebates to get things going again in the US. If GM and other American manufactures didn't do something to restart our economy, at that time, the economy of the world would have gone into a deep depression. The US is after all the worlds biggest market.

Speak to any economist and they will tell you the action by GM was a brilliant move, that lead the other US car and other US manufacture to get with the effort to restart the economy. The Japanese and other import manufactures did next to nothing, except to take more and more money out of the US tax free.

Wake up America, if you expect to have decent jobs available in this country in the future, for your children and grand children, you better start looking at the labels on the things you buy and buy more American good before it is too late. Don't be one of the people out sourcing your own offsprings jobs

mike hunt

No >

James, James, James - for someone who purports not to be "anti-GM", you seem to revel in their misfortune. This is not the first (and I'm sure not that last!) time that you have quoted bad-news stories about GM. In fact, in the years you have posted withing this NG, I do not recall you ever posting a single good-news story about GM, although there have been many. Perhaps you are not "anti-GM", but you certainly are much more focused on their failures than their successes. Find a balance in your outlook "if you really care!".

Undoubtedly he would. And I'm sure he could too if he really needed to. I hope that it puts some pressure on Wagoner to put out some better cars (I know they're equal in terms of reliability, but they leave something to be desired), get into talks with the UAW, use newer technology, take out ads showing how much they've gained over the years, etcetera etcetera.

McDonalds sells more burgers than Fatburger, too. GM just traded quality for quantity.

snipped-for-privacy@ReMoVyahoo.com (Dennis Smith) wrote in news:d5g41c$m2k$ snipped-for-privacy@news.doit.wisc.edu:

Why is it so offensive to discuss GM's current problems here in a GM newsgroup as they are getting plenty of press and TV time recently. Many people are Brand loyal, but it usually is based upon superior performance, reliability, features not available on other brands, and customer service, but here it seems to be based mostly on blind bias without any regard for anything else. Unfortunately, this kind of arrogance and disdain for their former customers has brought this once giant in the industry to its knees. If you are offended by the current facts, you better hope the management at GM changes its attitude and the way it operates or else you really won't like the news a couple of years down the road.

snipped-for-privacy@lycos.com wrote in news: snipped-for-privacy@lycos.com:

You actually have the balls to post this and claim that it had anything to do with GM. The consumer is always the key to keeping the economy going. When fear about the future or anything effects consumer confidence it can have a severe affect on the economy. GM'S zero percent loans had nothing to do with the recovery after 9-11. Several airlines were on the verge of bankruptcy before 9-11, and still are, for the same reason GM is having problems, gross mismanagement by agreeing to contracts with labor which they can't afford, and are out of line with the competition. Industries which have some of the highest paid executives and workers in the world, who turn around and give cash bonuses to these same people and then expect to pass this on to consumers, will end up in trouble as we are seeing in the airline and auto industries. There are other factors but the salaries and foolish agreements they make are one of the main problems.