GM car recall

It's a good thing we spent all that money trying to save this company, when we all knew that they were producing crap!

And now GM has plans to file for bankruptcy. GM bankruptcy

What a friggin joke!!! I am so angry with the way things are going, words cannot express it! <img src="/forums/images/graemlins/angry.gif" alt="" /> Good thing we have smileys.

>>>*This one is very interesting, especially since the supposed problem that "could" happen actually hasn't?

One neat way to put many thousands of technicians to work is to bring in a million or so vehicles, spend some billable hours installing a roughly $0.38 cent gasket (at the manufacturer level cost) and pay for it with...taxpayer dollars, thus generating "profits" for the company?

It works out to around a quarter billion dollars or more in billable hours, puts techs to work, that income stream gets taxed, dollars flow into areas that need it badly???

This one is one of my conspiracy theories....*LOL**...It works on the same theory as fixing every bridge in the Nation..at once. Guaranteed economic stimulation there. 1.5 millions recall jobs at about $150-300 per, times flowing through the economy at 2.2 times each dollar?

*Oil fires....K. Yea, sure, the leak could cause one..maybe..if it leaked........*EB

Bankruptcy is the BEST solution for GM to get them out of the UAW contracts that are (in part) killing them. Unfortunately, that's not what's going to happen here. The gov't is now way too involved and will screw this entire thing up. GM gambled on the loans and lost, and now "An entire industry" (Pelosi) is going to pay the price...

my understanding it that the fed told gm to prepare a outline of bankruptcy a couple weeks ago for them to approve. to seperate the toxic from profit and submit it for approval by the fed first and then to get a rubber stamp from a federal bankruptcy magistrate... all of this after they "fired" gms ceo. this entire thing stinks... almost asthough it was planned from the get go. mabey its oceans 14...

They'll probably pay .3 hours to the poor sap of a technician who gets the priveledge of getting this "thermal events" repair order in his box. Where I worked last, that would equal about $5.40. Add to that the .2 hours for paperwork (GM actually pays .2 hours to dealerships for warranty filing) and the fact that GM only pays about 70% of a dealership's actual hourly rate... there's no real money in it for anyone. I forsee techs losing their <img src="/forums/images/graemlins/butwiggle.gif" alt="" /> on this one.

I think GM will probably make money on it though.

The government, fed, Obama, congress, banks, etc, love nothing more than putting GM on the front page of newspapers so people can bicker over a few billion dollars....all the while ignoring the 12 trillion that has been stolen from them in the last year. Everyone dime of which..every American and his children and his children's children will be forced to pay back...

...one way or the other.

And be careful what you wish for. When GM does eventually go bankrupt...and it will likely happen, that will add tens of thousands, if not hundreds of thousands of people to the unemployment lines and completely destroy one of our last major vital manufacturing systems. And not just GM but all the thousands of companies that support GM directly and the additional thousands or tens of thousands of companies that support GM and its workers and products indirectly.

I don't like GM anymore than anyone else. But we got far bigger problems than spending a few billion on GM and I definately worry about what the outcome will be once GM is gone.

You aren't even gonna notice the bill from GM once the bill from the bank bailouts come due and believe me, this one you'll be paying whether you like it or not. Most likely through the continued collaspe of the value of your house and any other assetts, your wages (assuming you still work) and especially any savings in dollars that you might have.

You ain't seen nothing yet. This whole GM thing is gonna seem really darn silly in a few years when our plight and death of our economy and country really becomes clear.

No doubt about that.

Here's something no-one seems to mention: GM is a worldwide comapany. They may close all of their North American operations, but they will continue to survive and perhaps even thrive in the world market. They're very compartmentalized. This is all so much smoke and mirrors, it's laughable.