Welcome to Just Commodores, a site specifically designed for all people who share the same passion as yourself.

New Posts Contact us

Just Commodores Forum Community

It takes just a moment to join our fantastic community

Register

"GM posts $6bn loss as bankruptcy looms"

1991_Vn2nV

New Member
Joined
Mar 9, 2006
Messages
8,718
Reaction score
67
Points
0
Age
33
Location
Gumeracha, Adelaide Hills
Members Ride
91 VN Berlina & 03 VY Berlina
I can see someone popping up saying Holden will be sold to an indian or chinese manufacturer, so before they do, here is Holdens official response on Wednesday:

“In terms of Holden, what GM has said is that we are a viable, valuable and important part of its global picture. So to the answer to the question is Holden about to be sold off to the Chinese or anybody else – the answer is no,” Mr Whiffin added.

Seeking to make the situation absolutely clear Mr Whiffin said, “And to the question are there even discussions about selling off Holden or offering some kind of a stake a third party – no.”


If GM do go bankrupt which it most likely will it won't have a huge effect on Holden from what the consumer will see. Remember its Chapter 11 bankruptcy they will file so it will just allow them to restructure the company. They'll do the same as Chrysler and probably shut down for a month and do a complete restructure before they start operating again.
 

Torquative

Sports Economy
Joined
Jun 21, 2005
Messages
1,584
Reaction score
16
Points
38
Location
Sydney
Members Ride
VE SV6 3.6L SIDI 6sp
there seems to be alot of theories thrown around about Holden but everythings yet to be proven ...
 

Ado

Are we there yet?
Joined
Apr 6, 2008
Messages
350
Reaction score
4
Points
0
Age
35
Members Ride
vsII statesman L67
Im going to get some Fiat badges for my Holden.Just getting early.
 

HamaTime™

VIP Member
Joined
Feb 17, 2008
Messages
1,807
Reaction score
60
Points
48
Location
Melbourne
Members Ride
C Class AMG
As said before, I don't think many of these bankruptcies of major manufacturers will be permanent, they are just code for 'restructuring' for the recession.
 

VZCalZone

now choppin the VZ
Joined
Sep 8, 2005
Messages
246
Reaction score
3
Points
0
Age
35
Location
Brisbane
Members Ride
vz calais, vx2 exec
the creditors loose all their money and GM CEO's keep their millions. Thats not bankrupt, its criminal. They are never going to admit to talks with a third party, just lie lie lie, sell sell sell and then abolish customer support and confidence. Would anybody buy a new holden now if they said they were going to merge with Hindustan Budget Motor vehicles in 6 months time?
 
Top