GM and Ford stock at the same value March 05, 2009, 12:46:25 PM I think it's been years since this has happened. Certainly as long as I've been watching them GM stock was always worth 2-3x what Ford stock was worth. With all the trouble GM has been having the gap has been closing, and today it has closed. GM and Ford stock are both at the same value. They're both in the toilet, but at least they're in the same toilet. Quote Selected
GM and Ford stock at the same value Reply #1 – March 05, 2009, 01:08:03 PM ...and now Ford is at $1.84 and GM is at $1.82. Dunno if this actually means anything, but it's kinda an interesting thing... Quote Selected
GM and Ford stock at the same value Reply #2 – March 05, 2009, 01:17:11 PM It means they are both fugged (well more so GM than Ford :hick: ). Quote Selected
GM and Ford stock at the same value Reply #3 – March 05, 2009, 01:46:25 PM rumor has it the B word has been floating around GM despite the so called bail out. Quote Selected
GM and Ford stock at the same value Reply #4 – March 05, 2009, 02:28:49 PM Too bad people don't buy cars from bankrupt companies. Saab proved that. Quote Selected
GM and Ford stock at the same value Reply #5 – March 05, 2009, 02:46:03 PM The question now is would people buy a share of stock or spend a lil more and buy a spark plug for one of these vehicles.It is sadI have a feeling the bailout will not save them and unfortunately could be good money wasted. Quote Selected
GM and Ford stock at the same value Reply #6 – March 05, 2009, 02:53:55 PM QuoteI have a feeling the bailout will not save them and unfortunately could be good money wasted.Ya think...geesh. Quote Selected
GM and Ford stock at the same value Reply #7 – March 05, 2009, 03:03:05 PM Chrysler and Fiat just announced a partnership that will begin on April 1st. Most of their future small cars will be Fiats (This is so Fiat can get into the U.S.) the funny thing is they didn't have to pay a dime to gain 35% of Chrysler and are interested in Daimler Merecedes remaining share. The future of American auto market is going to get REAL interesting this year. Quote Selected
GM and Ford stock at the same value Reply #8 – March 05, 2009, 05:10:21 PM Quote from: 86XR7project;259728the funny thing is they didn't have to pay a dime to gain 35% of ChryslerEven funnier, Daimler had to pay to get rid of Chrysler. I certainly wouldn't take 35% of Chrysler unless you paid me... Quote Selected
GM and Ford stock at the same value Reply #9 – March 05, 2009, 05:14:17 PM Fiat wants to get into the US so bad they'll do this. They say they are going to get Chrysler on its feet. Sounds like GM isn't going to be so lucky. Lets hope Ford holds it together long enough. Remember Ford lost 2.7 Million on the Aston Martin/Land Rover sale. Wasn't too long ago our favorite did the same. Quote Selected
GM and Ford stock at the same value Reply #10 – March 06, 2009, 01:31:28 AM http://online.wsj.com/article/SB123625134434838921.html?mod=yahoo_hs&ru=yahooQuoteTop General Motors Corp. executives are more open to a speedy bankruptcy reorganization financed by the government, pushing aside earlier concern that such a move would scare away so many customers the company wouldn't survive, said a person familiar with the matter.While the company still wants to avoid bankruptcy, the new view represents a reversal from GM's position late last year, when it sought a federal bailout. The change in thinking, combined with the disclosure Thursday that GM's auditor has raised "substantial doubt" about the car maker's ability to keep going, appears to move GM closer to the possibility it will file for reorganization.The Treasury Department has been in talks with banks, auto suppliers, lawyers and other experts to get a better grasp of the cost and ramifications of a bankruptcy filing by one or more of the Detroit auto makers. GM's bankruptcy advisers, meanwhile, have been working on a plan to mitigate the impact a bankruptcy filing would have on GM's public image, said people familiar with the matter.Now, honestly -- Why wasn't this more thoroughly investigated and researched by both GM and our fearless leaders before they threw money at a company in it's death throws?How many other companies will undergo the same process after receiving this "bailout?"I digress. This is one huge poop samm-ich. Quote Selected
GM and Ford stock at the same value Reply #11 – March 06, 2009, 03:38:25 AM Quote from: V8Demon;259820I digress. This is one huge poop samm-ich. I wish we had a puke smiley, 'cause that's how this whole situation makes me feel. :( Quote Selected
GM and Ford stock at the same value Reply #12 – March 06, 2009, 09:50:17 AM V8Demon: I agree with you 100% why give that sinking ship all that money only for them to bleed it away in 4 or 5 months?Cougar5.0::barf: :barf: We do have that smiley. Quote Selected
GM and Ford stock at the same value Reply #13 – March 06, 2009, 10:11:04 AM Quote from: 86XR7project;259852Cougar5.0:We do have that smiley.Musta felt too sick to find it - doh!:barf: :barf: :barf: :barf: :barf: :barf: :barf: :barf: :barf: :barf: Quote Selected
GM and Ford stock at the same value Reply #14 – March 06, 2009, 12:45:21 PM If only smilies had sound, too :D Quote Selected
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