What if GM goes bellyup?

[SSbeast]

If GM goes under will it take GMH with it or are they seperate in the sense of finanical concerns? Foresay the worst and GMH also go under, what manafactuer would you go to?

I'd go BMW bloody expensive but hey gotta travel in class somehow.

[TVR-190]

A number of things could happen, GMH could be sold off, closed down, break off from GM

[SAV_117]

i dont think GMH is goin anywere

[chargedvx6]

Spares and aftermarket is where the profitability is in the automotive market. The last thing companies like GM and Ford will shut down are there resal/ spare sectors IMO.

I worked at Holden a while back and from the directors mouth was " lets get these cars out there so we can sell some spare parts and start servicing these things". Scary but true

[Shounak]

Then we could bulldoze all their factories, pay each worker to not be poor and pay people to use the land they occupy.

It'll definitely be cheaper than keeping them afloat.

[stocky]

shounak. geelong? explain lol

[Shounak]

I got a 13 year old girlfriend, whose ovaries just happened to work.

We needed to find a community where we'd fit right in. With the likes of minux etc. We like.

[Reaper]

If GM went, the liquidators would sell off as many assets as they could. The Holden brand would be an asset just the same as Opel, Chevrolet, Saab and many others are. Potential buyers could come from anywhere but whatever happened it is fair to say Holden would be a very different company.

Reaper

[TVR-190]

If GM went, the liquidators would sell off as many assets as they could. The Holden brand would be an asset just the same as Opel, Chevrolet, Saab and many others are. Potential buyers could come from anywhere but whatever happened it is fair to say Holden would be a very different company.

Reaper

would be good if i got bought out by vw or something, then we would see some ****in awesome holdens being produced.

[Tasmaniak]

I got a 13 year old girlfriend, whose ovaries just happened to work.

We needed to find a community where we'd fit right in. With the likes of minux etc. We like.

That is so scary but its true! My sister used to live in Corio but moved out to Melbourne because she couldn't stand what was happening there. Especially when she found out that her daughters best friend was pregnantand is in love with the guy and is going to marry him when she turns 18...she is mother****ing 12 for ****ssake and the dude is 23!

Sorry, off topic I know, back on topic, I would go back to Subaru. Reality is, I've always loved Subarus and prefer to drive them....just happen to own one...plus an 82 VH commodore. Hence why I am here.

[minux]

I got a 13 year old girlfriend, whose ovaries just happened to work.

We needed to find a community where we'd fit right in. With the likes of minux etc. We like.

LMFAO, staying at your olds place in highton bud?

[FusionX]

Found this article in the Washington Post, little bit of a laugh:

Motown comes begging - in three private jets

* Dana Milbank in Washington
* November 21, 2008

THERE are 24 daily non-stop flights from Detroit to the Washington area. Richard Wagoner, Alan Mulally and Robert Nardelli probably should have taken one of them.

Instead, the chief executives of the big three US car makers opted to fly their company jets for their hearings in Congress this week - an ill-timed display of corporate excess for a trio of executives begging for an additional $US25 billion ($38 billion) from the public trough this week.

"There's a delicious irony in seeing private luxury jets flying into Washington DC and people coming off of them with tin cups in their hands," the Democratic congressman Gary Ackerman, from New York, advised the pampered executives at a hearing on Wednesday.

"It's almost like seeing a guy show up at the soup kitchen in high-hat and tuxedo . . . I mean, couldn't you all have downgraded to first class or jet-pooled or something to get here?"

The big three said nothing, which prompted Brad Sherman, a Democrat from California: "I'm going to ask the three executives here to raise their hand if they flew here commercial." All still at the witness table. "Second," he continued, "I'm going ask you to raise your hand if you're planning to sell your jet . . . and fly back commercial." More stillness.

"Let the record show no hands went up," Mr Sherman grandstanded. By now, the men were probably wishing they had driven - and other members of the House Financial Services Committee had not finished riding the chief executives over their jets.

"You travelled in a private jet?" contributed Nydia Velazquez, a Democrat from New York.

Patrick McHenry, a Republican from North Carolina, felt the need to say: "I'm not an opponent of private flights, by any means, but the fact that you flew in on your own private jet at tens of thousands . . . just for you to make your way to Washington is a bit arrogant before you ask the taxpayers for money."

It was a display of stone-cold tone-deafness by the chiefs of the car makers. In their telling, they have no responsibility for the industry's current mess. Threatening the nation with economic Armageddon if they are not given government aid, they spent much of the session declaring what a fine job have been doing in Detroit.

"Chrysler really is the quintessential American car company!" Chrysler's Mr Nardelli boasted.

"We have products that are winning car and truck of the year regularly," General Motors' Mr Wagoner proclaimed.

"We are equal to or better than Honda and Toyota," Ford's Mr Mulally added. "Every new vehicle that we make, whether it's small, medium or large, is best in fuel efficiency. The given is safety. And we have more, at Ford, more five-star quality and safety ratings than any other automobile."

The committee chairman, Barney Frank, a Democrat from Massachusetts, cut him off. "Thank you, Mr - "

"And the best value!" Mulally blurted out.

Politicians from Detroit made passionate arguments that the car makers had already done what "they possibly can to restructure and become globally competitive", as Thaddeus McCotter, a Republican from Michigan, put it.

But the executives were not helping their own case. When Paul Kanjorski, a Democrat from Pennsylvania, tried to find out when GM would run out of cash, Mr Wagoner hemmed and hawed until Mr Kanjorski protested: "I don't quite understand what the hell you just told me."

When Ed Perlmutter, a Democrat from Colorado, asked about GM's outlook for the quarter, Mr Wagoner informed him that "we don't provide financial guidance in earnings."

So it was hard to feel sorry for the executives when, late in the hearing, Peter Roskam, a Republican from Illinois, reminded them again that "the symbolism of the private jet is difficult", and mischievously asked if whether, in another symbolic gesture, they would work for $US1 a year.

"I don't have a position on that today," demurred Mr Wagoner (total compensation last year: $US15.7 million).

"I understand the intent, but I think where we are is OK," said Mr Mulally ($US21.7 million).

"I'm asking about you," Mr Roskam pressed.

"I think I'm OK where I am," Mr Mulally said.

And do not even think about asking him to fly commercial.

The Washington Post

[Benboy]

If (IF) GM, Ford or Chrysler do go under it will be a victory for Toyota, Mazda, Honda and other foreign manufacturers. The US companies having been making huge losses for years and along with that they made no effort to produce vehicles more approriate for rising fuel prices. They will get whatever they deserve. Market forces will decide their future.

[minux]

If (IF) GM, Ford or Chrysler do go under it will be a victory for Toyota, Mazda, Honda and other foreign manufacturers. The US companies having been making huge losses for years and along with that they made no effort to produce vehicles more approriate for rising fuel prices. They will get whatever they deserve. Market forces will decide their future.

It is not just the car makers that are the issue, the locals who buy the product new are also a problem.

Look at the HSV W427, while it is a nice car, it is nowhere near worth the price tag on it. The R35 GTR has the same price tag yet have a look at the differences, less emmisions, less fuel usage to start, better techonology, and overall a faster car by miles. Also, compare an Evo X MR against a GTS, the evo X is miles ahead in all areas, and it is a bloody 4 cylinder ffs. This is where the issue lies, we are paying too much for underdeveloped cars. In 30 years Holden and Ford really have not changed much underneath, have a look at how much Nissan or Toyota or BMW have changed.

If an SS was sold at its wharf insurance value +15k in Australia, the industry would be so much better off. However, we are expected to buy old technology with a few new gadgets for top dollar.