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#271 | ||
FF.Com.Au Hardcore
Join Date: Jul 2006
Location: Gren A Waverrey
Posts: 2,358
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4V makes a point that I suppose many people would have also thought.
GM is a symbol of US manufacturing, and their products help to form some portion of the US image. Along with the fact that they employ so many people, to a point, it's understandable that they may not let GM fall. However, throwing money into the fire is not all that smart. I am glad to see that Ford is managing a little better.
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Practicing - Sleeping with a guitar in your hand counts, as long as you don't drop it. Don't snap my undies. |
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#272 | |||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 14,654
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Quote:
I hope Ford pick up significant market share and profitability as a result as a kind of reward for better management and vision... especially if GM survive with the artificial financial shield being provided by the US govt. **** waits for wally's retort ******
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335 S/C GT: The new KING of Australian made performance cars.. ![]() |
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#273 | ||
XP Coupe
Join Date: Jan 2005
Posts: 2,098
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No retort 4Vman, you have finally echoed my thoughts made six months ago, good on you. There's no cleverness in predicting the outcome, both GM and Ford are strategic to the US in economic, political, social and military terms, while Chrysler has been a basket case for a generation or more. Both are icons of American might, albeit a bygone era.
Yes Ford should reap the benefits of free market savy, but in my opinion they won't, because a large segment of car purchases are still polarised by blind brand loyalty and bias away from domestic product. Personally I don't see that Ford are in a great position, given they are really an insolvent company with a deficit equity of US$17.3bn and could in all likelyhood end up a Qango like GM if the market doesn't bump soon.... just my dispassionate business opinion, nothing more. |
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#274 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Quote:
Pretty much GM was never gonna go down (no matter how much big talk the senators made), it's what happens to their subsidiaries that I am more interested.
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Daniel |
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#275 | |||
Cobblers!
Join Date: Mar 2005
Location: The Shire, NSW
Posts: 4,489
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Quote:
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Ego BFII Ghia Titanium Silver E53 X5 4.4i Gunmetal EF XR6. Now retired from active duty. Roses are red. Violets are blue. OS X rocks. Homage to you. |
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#276 | |||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 531
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Quote:
He may not want to PUBLICLY control the company, but make no mistake, everything that happens at GM once they come out of Ch 11 will be as a result of a nod and a nudge and a wink from El Presidente. Know what I mean, eh? Say no more, say no more... |
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#277 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Deal reached with the Canadian auto workers union.
http://news.theage.com.au/breaking-n...0526-blq3.html Quote:
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Daniel |
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#278 | |||
Oo\===/oO
Join Date: Jan 2007
Location: Tamworth
Posts: 11,348
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Quote:
...i wonder how this would effect product line ups.
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#279 | ||||
FF.Com.Au Hardcore
Join Date: Mar 2006
Posts: 531
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Quote:
Check out an article on Detroit News today. Quote:
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#280 | ||
XP Coupe
Join Date: Jan 2005
Posts: 2,098
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#281 | |||
FF.Com.Au Hardcore
Join Date: Dec 2004
Posts: 2,504
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Quote:
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#282 | ||
Mad Scientist!
Join Date: Jan 2005
Location: Newcastle
Posts: 2,840
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I read today on News.com.au that GM will be filing on Friday.
I just can't find the article at the moment but i will keep trying.. |
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#283 | |||
Guess Who's Back?
Join Date: Feb 2008
Posts: 1,369
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Quote:
Is this the one? http://carsguide.news.com.au/site/ne...y_end_of_week/ |
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#284 | ||
Cobblers!
Join Date: Mar 2005
Location: The Shire, NSW
Posts: 4,489
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They've got till June 1, so it isn't exactly unexpected for them to try and wait it out until the last day. It is inevitable that GM will file, it just takes someone with some guts to pull the trigger.
Chrysler have done the deed, it is just GM left.
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Ego BFII Ghia Titanium Silver E53 X5 4.4i Gunmetal EF XR6. Now retired from active duty. Roses are red. Violets are blue. OS X rocks. Homage to you. |
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#285 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Looks more likely to happen now.
http://news.theage.com.au/breaking-n...0527-bnr6.html Quote:
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#286 | ||
FF.Com.Au Hardcore
Join Date: Jan 2009
Posts: 2,653
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Here something I don’t understand. The bondholder won’t swap debit for equity to the value of about 10% of what there debit is. They have no to this, yet if GM file chapter 11, does this not mean they get 0% for the debit? Surely 10% is better than 0%??
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#287 | |||
FF.Com.Au Hardcore
Join Date: Mar 2005
Location: Filling up
Posts: 1,459
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Quote:
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VIXEN MK II GT 0238 with Sunroof and tinted windows with out all the go fast bits I actually need ![]() |
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#288 | ||
Guess Who's Back?
Join Date: Feb 2008
Posts: 1,369
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GM = Government Motors. I wonder if they'll adopt VW's "People's Car' slogan?
http://www.abc.net.au/news/stories/2...ction=business |
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#289 | |||
XP Coupe
Join Date: Jan 2005
Posts: 2,098
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Quote:
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#290 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Little bit more on the short story above.
http://business.theage.com.au/busine...0528-bnw2.html Quote:
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Daniel |
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#291 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Location: GEELONG
Posts: 7,946
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was listening to the radio this morning and couldnt beleive what i was hearing
looks like the local media have jumped on the gm/bankrupcy and doing thier normal doom and gloom they stated that if GM U.S goes into sect 11 that G.M AU will have to stop trading/manufacturing cars till it is sorted out in the us i hope that report is wrong as it will have bad reprocutions here for our local manufacturing... not to mention the job losses ect ... Jason
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no longer have a ford but a ford man at heart R.I.P 98 EL MAY YOU HAVE A GOOD LIFE IN FALCON HEAVEN [SIGPIC][/SIGPIC]
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#292 | |||
FF.Com.Au Hardcore
Join Date: Jan 2009
Posts: 2,653
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Quote:
Last edited by Joe5619; 28-05-2009 at 04:47 PM. |
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#293 | ||
FF.Com.Au Hardcore
Join Date: Jan 2005
Location: GEELONG
Posts: 7,946
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bugger
i was hoping for the good side being that GM au would not fall under the no manufacturing side of it all but i guess that would almost be a certain thing in reality though Jason
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no longer have a ford but a ford man at heart R.I.P 98 EL MAY YOU HAVE A GOOD LIFE IN FALCON HEAVEN [SIGPIC][/SIGPIC]
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#294 | |||
FF.Com.Au Hardcore
Join Date: Jan 2005
Posts: 14,654
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Quote:
Its not good if suppliers get dragged down with this, that said someone will have to make the cars people buy, the pie wont shrink, only the number of pieces its cut into meaning smart suppliers will pick up the extra production the remaining companies gain.
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335 S/C GT: The new KING of Australian made performance cars.. ![]() |
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#295 | ||
1.3 Litre Suzuki power
Join Date: Aug 2006
Location: Magnetic Mountain, North Western Sydney
Posts: 273
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Joe
Even though Holden is owned by GM. It would not come under the same rules. After all GMH is based and run in Australia and it would fall under Australian laws. I am not sure on the stock pile of V8 engines within Australia for Holden and if GM can still ship parts already manufactured? Maybe that could be an issue for Holden if they are unable to source certain parts for a period of time. As far as I can see 2 things can and will happen for Holden. 1. They remain in the GM empire and continue on. 2. They are sold and bought out from someone else. (not sure what happens with the GM parts if this happens) The company I work for went into chapter 11, 2 and a bit months ago, and we are still running as per normal as we are seen as a seperate entity to the parent back in the US. Cheers Mark
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BA series II XR6T in Blaze July 05 build. Stock as a rock EF 4lt 1995 in Green on LPG. To and from work hack. XY Fairmont 1971 in Bronze Wine, 302, Top Loader, 9" Still trying to find out if she is a GS or plain jane Monty. Mustang 1966 coupe, Silver frost, A code, C4, factory bench seat, A/C, P/S rally pac, AM radio with 8 track. Awaiting funds for resto. K6 Hayabusa....Dead Stock and why would one need to spend thousands on mods................. |
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#296 | |||
FF.Com.Au Hardcore
Join Date: Jan 2009
Posts: 2,653
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Quote:
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#297 | ||
1.3 Litre Suzuki power
Join Date: Aug 2006
Location: Magnetic Mountain, North Western Sydney
Posts: 273
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Fair enough. I work for a US owned company that is in chapter 11 at the moment. We are still running, as prior to the parent going into chapter 11. I do not wish to name the company I work for either.
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BA series II XR6T in Blaze July 05 build. Stock as a rock EF 4lt 1995 in Green on LPG. To and from work hack. XY Fairmont 1971 in Bronze Wine, 302, Top Loader, 9" Still trying to find out if she is a GS or plain jane Monty. Mustang 1966 coupe, Silver frost, A code, C4, factory bench seat, A/C, P/S rally pac, AM radio with 8 track. Awaiting funds for resto. K6 Hayabusa....Dead Stock and why would one need to spend thousands on mods................. |
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#298 | ||
Guess Who's Back?
Join Date: Feb 2008
Posts: 1,369
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Tony O'Kane's a believer. Reading this you'd think Holden will become the centre of the GM universe shortly.
http://www.themotorreport.com.au/326...s-to-cadillac/ |
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#299 | |||
FF.Com.Au Hardcore
Join Date: Feb 2005
Posts: 622
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Quote:
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Quote: From www.motortrend.com "Torque is the new horsepower" |
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#300 | |||
IWCMOGTVM Club Supporter
Join Date: Sep 2005
Location: Northern Suburbs Melbourne
Posts: 17,798
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Government will own 72 % of GM
http://news.theage.com.au/breaking-n...0529-bp36.html Quote:
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Daniel |
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