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Old 11-13-2005, 02:14 PM   #1 (permalink)
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GM Bankruptcy

If GM goes bankrupt, will that affect the warranty of a new Duramax LBZ?

Found this on the 'net:

http://abclocal.go.com/wjrt/story?se...cal&id=3626781


http://www.freep.com/money/autonews/gm11e_20051111.htm


http://www.detnews.com/2005/autosins...A01-379282.htm



http://today.reuters.com/business/ne...yID=nN27690082


http://www.madison.com/wsj/home/biz/...=61318&ntpid=2


http://www.detnews.com/2005/autosins...A01-380513.htm



http://www.dailytimes.com.pk/default...11-2005_pg5_32


http://www.freep.com/money/autonews/...e_20051111.htm


http://www.detnews.com/2005/autosins...uto-380249.htm


Doesn't look good for GM.

If they do file for bankruptcy, surely they'll do Ch. 11 and reorganize and keep GMC trucks.


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Old 11-13-2005, 02:22 PM   #2 (permalink)
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......

Hey,

GM is not going to file. It was all over the news in September. Actually, it was on after they settled their contract with the UAW. They are going to reorganize in house. So don't even worry about it.

Take care,

Will

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Old 11-13-2005, 02:58 PM   #3 (permalink)
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How you like this quote from the Delphi filing. This is BS...... I think it's time we take this country back before it's too late.....

At that moment, Chapter 11 was imminent. Miller scheduled a board meeting for the following morning.
In the last days before filing, Miller took care of one last detail: boosting the severance packages for 21 top Delphi executives, and setting aside $88 million for potential bonuses for senior management. Only then, on Oct. 8, did the Delphi board approve the Chapter 11 filing in the U.S. Bankruptcy Court for the Southern District of New York.
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Old 11-13-2005, 03:23 PM   #4 (permalink)
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......

Hey,

That is total BS!! Nevermind any money for the poor support workers. Give it all to the executives!! I DON''T THINK SO!!

I agree, that is total lunacy and something needs to be done!!

Take care,

Will
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Old 11-13-2005, 08:39 PM   #5 (permalink)
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I heard on the radio on Friday that there is a 60% chance of bankruptcy.
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Old 11-13-2005, 10:20 PM   #6 (permalink)
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Quote:
Originally Posted by ned946 View Post
I heard on the radio on Friday that there is a 60% chance of bankruptcy.
No Ned, the speculating reporters of the news media said there was a 40% chance of that, but they also failed to sight any reasons why they thought this was so. Fg idiots!

Right now, according to 3rd quarter statements, GM has about $18 billion in cash and cash equivilents.

Does that sound like bankruptcy to you?
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Old 11-13-2005, 10:23 PM   #7 (permalink)
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Bye,bye Duramax .
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Old 11-13-2005, 10:27 PM   #8 (permalink)
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The company that I work for has contracts with GM and Delphi. From what Delphi has told us is they "expect" to be a bigger and more efficient company by mid 2007. There orders have slowed some, but still coming in. We haven't been told anything about GM and there orders are typical for this time of year.
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Old 11-13-2005, 10:42 PM   #9 (permalink)
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Quote:
Originally Posted by F250WHEELS View Post
Bye,bye Duramax .
That is bye bye because your Ford can't keep up with an LBZ.
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Old 11-13-2005, 10:52 PM   #10 (permalink)
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REDEAGLE313, WHAT DO YOU DO FOLLOW ME AND WATCH ME LIKE a HAWK?

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