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[STMO123]

This could run and run. Opponents of the bailout (mainly Sen. Richard Shelby) have said that if the bailout is voted through then the World Trade Organisation will probably see it as unfair towards other auto makers in the US, ie Toyota, Honda etc., and try to put the blocks on it.
Now America has never taken much notice of the WTO but it's a good delaying tactic, and GM and Co may go bust while they're arguing about it.

Footnote: GM has lost $73,000,000,000 since 2004.

[mantahatch]

This is very difficult for the US. If they don't bail out GM and Ford it will cost them billions in unemployment and pensions and very bad feeling in the US.
On the other hand if they do bail out GM and Ford it will cost billions anyway and nothing will change.

I don't think the US can afford to let them go bust. but it can't afford to bail them out either.

Mike

[dieseldean]

gm closed a source of income by stopping making omegas

[STMO123]

gm closed a source of income by stopping making omegas

What? In after-sales for spares?

[Jim]

This could run and run. Opponents of the bailout (mainly Sen. Richard Shelby) have said that if the bailout is voted through then the World Trade Organisation will probably see it as unfair towards other auto makers in the US, ie Toyota, Honda etc., and try to put the blocks on it.
Now America has never taken much notice of the WTO but it's a good delaying tactic, and GM and Co may go bust while they're arguing about it.

Footnote: GM has lost $73,000,000,000 since 2004.

The same time as they stopped production of the Omega

[Jay w]

This could run and run. Opponents of the bailout (mainly Sen. Richard Shelby) have said that if the bailout is voted through then the World Trade Organisation will probably see it as unfair towards other auto makers in the US, ie Toyota, Honda etc., and try to put the blocks on it.
Now America has never taken much notice of the WTO but it's a good delaying tactic, and GM and Co may go bust while they're arguing about it.

Footnote: GM has lost $73,000,000,000 since 2004.

good, i truely hope they go bang......

I know i was negative the last time this came up....and surprise surprise i have been today but it is a business and it is making a loss as an organisation, stirp it for what its worth, sell those parts on and then scrap the parts that are junk, very much like breaking a car.....

I know that there are many many people who are employed by them, and by selling of the parts that make money the workers would still have jobs, but there will be pain for some people, and that is sad as they are the victims of piss poor management.....

and that's who should suffer as well, the CEO's and the likes of who rape huge salaries out of the business whilst it is on its knees, these are the ones who should be the first to go.

These big corporations are acting like spoilt little children, as soon as the money pot is empty they go off to their mummy or daddy (the US government) and ask for more, if it is not forthcoming then they throw a full on strop and threaten all manner of bad things.......

There are many of us who post on here who have felt pain as a result of this credit crunch, are we going to get a multimillion pound/dollar handout if we head into stormy water, are we 'dangle berries'!!!! we will be left to flounder and possibly sink, and that is why i am so dead set against them having the money

Rant over.....i'll get off me soapbox and get me coat  

[Martin_1962]

Vauxhall Opel would survive, Holden would survive LS? engine plant would survive or at least sit on a cargo vessel to Austrailia

[STMO123]

Vauxhall Opel would survive, Holden would survive LS? engine plant would survive or at least sit on a cargo vessel to Austrailia

Opel are asking Angela Merkel for a bailout.

[Tony H]

I heard a report that stated if Ford and G.M went t*ts up the result would be two and a half million people loosing there jobs  

[STMO123]

I heard a report that stated if Ford and G.M went t*ts up the result would be two and a half million people loosing there jobs  

Only American people Tony.

[Marks DTM Calib]

This could run and run. Opponents of the bailout (mainly Sen. Richard Shelby) have said that if the bailout is voted through then the World Trade Organisation will probably see it as unfair towards other auto makers in the US, ie Toyota, Honda etc., and try to put the blocks on it.
Now America has never taken much notice of the WTO but it's a good delaying tactic, and GM and Co may go bust while they're arguing about it.

Footnote: GM has lost $73,000,000,000 since 2004.

good, i truely hope they go bang......

I know i was negative the last time this came up....and surprise surprise i have been today but it is a business and it is making a loss as an organisation, stirp it for what its worth, sell those parts on and then scrap the parts that are junk, very much like breaking a car.....

I know that there are many many people who are employed by them, and by selling of the parts that make money the workers would still have jobs, but there will be pain for some people, and that is sad as they are the victims of piss poor management.....

and that's who should suffer as well, the CEO's and the likes of who rape huge salaries out of the business whilst it is on its knees, these are the ones who should be the first to go.

These big corporations are acting like spoilt little children, as soon as the money pot is empty they go off to their mummy or daddy (the US government) and ask for more, if it is not forthcoming then they throw a full on strop and threaten all manner of bad things.......

There are many of us who post on here who have felt pain as a result of this credit crunch, are we going to get a multimillion pound/dollar handout if we head into stormy water, are we 'dangle berries'!!!! we will be left to flounder and possibly sink, and that is why i am so dead set against them having the money

Rant over.....i'll get off me soapbox and get me coat  

And whilst we are at it....we should do the same with the NHS.....and should have done with Rolls Royce, Rover and a whole host of others.

[feeutfo]

This could run and run. Opponents of the bailout (mainly Sen. Richard Shelby) have said that if the bailout is voted through then the World Trade Organisation will probably see it as unfair towards other auto makers in the US, ie Toyota, Honda etc., and try to put the blocks on it.
Now America has never taken much notice of the WTO but it's a good delaying tactic, and GM and Co may go bust while they're arguing about it.

Footnote: GM has lost $73,000,000,000 since 2004.

good, i truely hope they go bang......

I know i was negative the last time this came up....and surprise surprise i have been today but it is a business and it is making a loss as an organisation, stirp it for what its worth, sell those parts on and then scrap the parts that are junk, very much like breaking a car.....

I know that there are many many people who are employed by them, and by selling of the parts that make money the workers would still have jobs, but there will be pain for some people, and that is sad as they are the victims of piss poor management.....

and that's who should suffer as well, the CEO's and the likes of who rape huge salaries out of the business whilst it is on its knees, these are the ones who should be the first to go.

These big corporations are acting like spoilt little children, as soon as the money pot is empty they go off to their mummy or daddy (the US government) and ask for more, if it is not forthcoming then they throw a full on strop and threaten all manner of bad things.......

There are many of us who post on here who have felt pain as a result of this credit crunch, are we going to get a multimillion pound/dollar handout if we head into stormy water, are we 'dangle berries'!!!! we will be left to flounder and possibly sink, and that is why i am so dead set against them having the money

Rant over.....i'll get off me soapbox and get me coat  

And whilst we are at it....we should do the same with the NHS.....and should have done with Rolls Royce, Rover and a whole host of others.

Trust me, you dont want to have to pay for health care.

I find it difficult to be sympathetic to an organisation that screws its customers, and STILL makes a loss. 240 a side for wishbones? THE most common failure on the omega. They probably pay some muppet to work out why they aint selling.

[Marks DTM Calib]

I do pay for health care....10% of my income pays for health care.....as does every other working person in this country!

[STMO123]

I do pay for health care....10% of my income pays for health care.....as does every other working person in this country!

11%

[DC]

This could run and run.

Actually it doesn't seem to be the case. If they don't decide very fast, these 3 (don't forget Chrysler) are gone.

The catch is - if they bail them out they are just postponing inevitable. GM, Ford and Chrysler have been so deep in c**p for so long it is a big question if anything can save them now. On one side they should be let to drown, its totaly their own fault to be where they are, but on the other side, it would affect so many people world-wide, and so many countries' economies.