Skip to main content
Topic: more GM news (Read 655 times) previous topic - next topic

more GM news

Reply #1
I really hate to see the US auto makers struggling. I know a lot of the problems are their own fault, I am not arguing that. I just think the only thing worse than GM would be a foreign owned GM.
1987 Turbo Coupe - Son's car
1987 Super Coupe - Son's project car
1934 Ford - My project car

more GM news

Reply #2
yeah, losing gm if it were to happen isnt going to be a good thing for anybody. hopefully things get sorted out. hopefully everything turns around.
:america: 1988 Thunderbird Sport, Former 4.6 DOHC T56 conversion project.

Rest of the country, Welcome to Massachusettes. Enjoy your stay.

 
Halfbreed... Mango Orange Y2K Mustang GT
FRPP complete 2000 Cobra engine swap, T56 n' junk...
~John~

 

more GM news

Reply #3
"Shares of GM rose 41 cents, or nearly 12.6 percent, to close at $3.66 Friday. Late Wednesday the U.S. Federal Reserve granted bank holding status to its financing arm, GMAC Financial Services, which made GMAC eligible for funds earmarked for the government's $700 billion bank rescue plan and saved it from possible bankruptcy. The move came just days after the White House threw GM and fellow Detroit automaker Chrysler LLC a $17.4 billion emergency lifeline."

I actually did a fist pump when I read this.:hick: It's good to see them holding on, since they're making the best cars they ever have right now (and still lots of mediocre ones).

As for foreign ownership, I think you'd see GM as a federal corporation (I tried to type Crown Corporation in there) before a foreign one.