BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > BIMMERPOST Universal Forums > General Automotive (non-BMW) Talk + Photos/Videos
 
GT Haus
Post Reply
 
Thread Tools Search this Thread
      12-13-2008, 09:23 AM   #1
gonzo
Brigadier General
 
gonzo's Avatar
 
Drives: as many as possible
Join Date: Jan 2007
Location: TeXXXas

Posts: 4,977
iTrader: (0)

GM and liquidation.

So if GM does not get traction and ends up going BK the news said they will liquidate.

Will the cars sitting all across the country be dumped for whatever they can get?

The report said the government would honor all warranty issues. Who would you take it to?

The initial plan to survive would include closing thousands of weak stores. The stores left would immediately lower prices 20-30% to move iron.

If this does not work liquidation would ensue.


__________________
Crazy Diamond
gonzo is offline   United_States
0
Reply With Quote
      12-13-2008, 11:40 AM   #2
Motor She Wrote
Private First Class
 
Drives: 2010 135i
Join Date: Nov 2008
Location: LA, CA

Posts: 118
iTrader: (0)

Quote:
Originally Posted by gonzo View Post
So if GM does not get traction and ends up going BK the news said they will liquidate.

Will the cars sitting all across the country be dumped for whatever they can get?

The report said the government would honor all warranty issues. Who would you take it to?

The initial plan to survive would include closing thousands of weak stores. The stores left would immediately lower prices 20-30% to move iron.

If this does not work liquidation would ensue.


They're not gonna liquidate, not totally at least. That's just scare tactics to try to get money from the government without the condition of going into Chapter 11 reorganization. As badly as GM is doing, creditors are going to prefer a serious restructuring to Chapter 7 liquidation. At least with a restructuring, there's an appreciable chance they'll get part of their investment in time. If GM totally liquidates, they're not going to get anything back, so there's no reason for creditors to opt for that.

GM and the Big 3 will eventually get the gov't money (hopefully in the form of a backstop for private financing) to do a major restructuring so they can renegotiate these labor contracts, close & consolidate superfluous dealerships (which most of them are), close old plants, get out from under these pension obligations, health benefits cut back, etc. After you get rid of most of that dead weight, GM might be a halfway decent company.
Motor She Wrote is offline   United_States
0
Reply With Quote
      12-13-2008, 12:36 PM   #3
footie
Major General
 
footie's Avatar
 
Drives: ????????????
Join Date: Oct 2007
Location: BMW M3 will get a V6TT

Posts: 7,507
iTrader: (0)

Garage List
2008 E92 M3  [0.00]
In the news today it said the Vauxhall (sub of GM) has offered it's workers a deal which amounts to 9 months layoff with 30% of pay. The UK car sales market is down 37% with Vauxhall's sales down 39%, as if to show which of the big two will survive this Ford's UK sales are down only 12%.

Things aren't good.
footie is offline   No_Country
0
Reply With Quote
      12-13-2008, 01:20 PM   #4
chuck92103
Major
 
chuck92103's Avatar
 
Drives: 2011 535i
Join Date: May 2008
Location: Socal

Posts: 1,209
iTrader: (0)

I think the whole auto industry issue is a lot better then people think.

Regardless of a bailout or bankruptcy, or union crap the reality is this.

The big three are selling 10 million cars per year in the U.S. in a bad economy. 13 million in a good economy.

Worse case, they trim the fat, reorganize, and sell 5-8 million newly designed great cars per year at a profit rather than 10-13 million at a loss.

I think everything I have heard from the union, news, etc. is nothing more than scare tactics.

American's continue to buy GM products today, so they will buy them when the big three are in bankruptcy.

What GM management is afraid of is mass market share loss during the bankruptcy.

What the union is afraid of is being taken out.
__________________
2011 535i
2008 VW GTI
chuck92103 is offline  
0
Reply With Quote
      12-13-2008, 01:26 PM   #5
gonzo
Brigadier General
 
gonzo's Avatar
 
Drives: as many as possible
Join Date: Jan 2007
Location: TeXXXas

Posts: 4,977
iTrader: (0)

I was wondering where all the "cold" cars are going.

Nothing against anyone who owns or is looking for a Buick etc, but WTH or they going to do with all this inventory?

They have trucks and SUV's for miles here in Dallas on the lots.

What about this 20-30% off?


I am personally watching three cars.
Z06
CTS-V
Camaro SS
__________________
Crazy Diamond
gonzo is offline   United_States
0
Reply With Quote
      12-13-2008, 03:00 PM   #6
achenator
Lieutenant
 
Drives: 2010 GT-R, 2011 F150 FX4
Join Date: Feb 2008
Location: Louisiana

Posts: 540
iTrader: (0)

Quote:
Originally Posted by gonzo View Post
I was wondering where all the "cold" cars are going.

Nothing against anyone who owns or is looking for a Buick etc, but WTH or they going to do with all this inventory?

They have trucks and SUV's for miles here in Dallas on the lots.

What about this 20-30% off?


I am personally watching three cars.
Z06
CTS-V
Camaro SS
That would be the last three cars to be liquidated IMO.
achenator is offline  
0
Reply With Quote
      12-13-2008, 04:26 PM   #7
gonzo
Brigadier General
 
gonzo's Avatar
 
Drives: as many as possible
Join Date: Jan 2007
Location: TeXXXas

Posts: 4,977
iTrader: (0)



I meant, watching the prices come down on the Z06 and CTS-V. I think the Camaros will be snatched up no matter what.
__________________
Crazy Diamond
gonzo is offline   United_States
0
Reply With Quote
      12-13-2008, 05:45 PM   #8
vAnt826
Major
 
Drives: E92 M3
Join Date: Nov 2006
Location: Seattle

Posts: 1,418
iTrader: (3)

Chapter 11 usually doesn't work well with consumer heavy corporations. Consumers do not want to buy a failed product from a failed company with no idea where their warranty will lie.

If GM goes BK it will be under Chapter 7 but the strong brands will stay intact sold off to a private investor group (most likely from the middle east haha). Most likely Buick and Mercury will cease to exist (thank god).
vAnt826 is offline  
0
Reply With Quote
      12-14-2008, 12:12 PM   #9
ledclulez
New Member
 
Drives: e90 i35i
Join Date: Nov 2008
Location: Bowie Md

Posts: 12
iTrader: (0)

The failure of American Cars is a combination of failed partners in the industry.

Primarily innovation is stale if not non-existent, and the major cause of this is old CEOs with 60s style thinking doing the same thing over and over expecting a different results. UAW is not innocent either, their Union President is stuck to the past in over protecting its members, thinking that the membership drives the industry and the market is stupid.

I feel its important for the industry reduce the no. of product lines and concentrate on the ones that are profitable or have a chance to success.
These are some cars I vote to keep, CTS, Corvettte and Mustang.

Until they learn to innovate and attract the young market, their future is dim and on the wrong track.

UAW President has to get off his high horse and realize they better give up more concession and take half pay than all together not see any pay at all.
HELLLLLLLOOOOO! this there anybody home?

but to let it totally fail and collapse in its own weight is not the way to go. Once given up it would be hard to recover or start it again. Then we would now even be more depended on foreign oil.
ledclulez is offline  
0
Reply With Quote
      12-14-2008, 11:33 PM   #10
vAnt826
Major
 
Drives: E92 M3
Join Date: Nov 2006
Location: Seattle

Posts: 1,418
iTrader: (3)

Quote:
but to let it totally fail and collapse in its own weight is not the way to go. Once given up it would be hard to recover or start it again. Then we would now even be more depended on foreign oil
How does letting GM fail relate to dependence on foreign oil?

How does loaning money to a company known for making inferior products help our economy? Throwing money at the situation might be the initial thought, but if you think about it some more you will realize that GM will just need more money (RE: Volt, the "Savior") to function and will never return to profit with the current management.
vAnt826 is offline  
0
Reply With Quote
      12-15-2008, 01:40 AM   #11
watrob
Major
 
watrob's Avatar
 
Drives: MY2013 X5M 50d - White
Join Date: Sep 2008
Location: Brisbane - Australia

Posts: 1,488
iTrader: (0)

I say let the big 3 go down. They have not helped the industry at all, if anything they have brought it to its knees.

The problem is everyone else in the world pays a fair price for fuel, until you start having to pay a high price for fuel in the States you won't get the next generation of vehicles that is needed, the car companies just keep slogging along, you have cheap cars and cheap fuel.

Once the States makes a move to make changes things will start to happen but until then the big 3 still have 1970 mind set.

Damn, the mustang still has a live axle because they stay its something that cannot be improved on, that's 1970's thinking. Just put a V8 in it and they will come! said the Lord.

__________________

X5 M50d White, 20"rims, Adaptive Drive, HUD, Xenon Adapt Lights, Rear/Side Camera, Sunroof, Auto Tailgate, Comfort Access, Active Perforated Ventilated Comfort Seats, M Paddle Shift, Active Crus, Stop/Go, Proff Nav + TV, DAB, 16 Spk Ind HiFi, USB, Internet, Apps, 4 Zone Air, Towbar 20% Tint, 5mm Castor Bushes, Yellow Calipers, Ceramic Pads
watrob is offline   Australia
0
Reply With Quote
      12-15-2008, 10:47 AM   #12
achenator
Lieutenant
 
Drives: 2010 GT-R, 2011 F150 FX4
Join Date: Feb 2008
Location: Louisiana

Posts: 540
iTrader: (0)

Quote:
Originally Posted by watrob View Post
I say let the big 3 go down. They have not helped the industry at all, if anything they have brought it to its knees.

The problem is everyone else in the world pays a fair price for fuel, until you start having to pay a high price for fuel in the States you won't get the next generation of vehicles that is needed, the car companies just keep slogging along, you have cheap cars and cheap fuel.

Once the States makes a move to make changes things will start to happen but until then the big 3 still have 1970 mind set.

Damn, the mustang still has a live axle because they stay its something that cannot be improved on, that's 1970's thinking. Just put a V8 in it and they will come! said the Lord.

this is coming from a guy with a car that gets 20mpg max LOL
achenator is offline  
0
Reply With Quote
      12-15-2008, 11:36 AM   #13
darkcloud
Colonel
 
darkcloud's Avatar
 
Drives: 09 VW JSW
Join Date: Aug 2006
Location: cleveland, oh

Posts: 2,387
iTrader: (2)

Garage List
2006 325i  [0.00]
Send a message via AIM to darkcloud
They need to trim some serious fat.

Saturn is actually worth saving as a whole

Saab should be sold.

Hummer should try to be sold or should close their doors entirely.

Pontiac is worthless and should close, the only car they should think about keeping is the G8.

What's worth keeping from GMC(hardly anything) should be moved and branded a Chevy and the rest of GMC should be closed.

The 2 or 3 cars worth saving from Buick should be moved to Cadillac to help broaden their lineup as their the only GM products worth buying.


The years of GM thinking they can make one car and use it across 3 different brands of cars are over. The Chevy Tahoe is the GMC Yukon which is the Caddy Escalade. It's redundant and done with more than a handful of vehicles and needs to stop.
__________________

retired 06 E90 325i

New: 09 VW Platinum Grey Jetta Sportwagen 2.0T SEL w/DSG, panoramic sunroof and Ipod adapter
darkcloud is offline   United_States
0
Reply With Quote
      12-15-2008, 05:50 PM   #14
watrob
Major
 
watrob's Avatar
 
Drives: MY2013 X5M 50d - White
Join Date: Sep 2008
Location: Brisbane - Australia

Posts: 1,488
iTrader: (0)

Quote:
Originally Posted by achenator View Post
this is coming from a guy with a car that gets 20mpg max LOL
FYI

We buy V8's as rarity here and not as DD's. 150 M3 verts will sold here over a 2 year period and the same for coupes. Our main car sales are 4 & 6 cylinders and a third of those are nearly all diesel.

My DD is a diesel X5, my daughter drives a e90 320 BMW diesel that uses 4.7ltr per hundred klm and the reason is we pay nearly $5 per gal now and fuel prices have dropped.

So we are doing our bit here for only 22mil people and with the car companies down over 50% in sales in Australia more people are looking for better economy cars and also our rego costs are determined by how many cylinder your engine has.

Don't you find it strange that the car industry will be forced to change not because of global warming or the price of fuel but due to the credit crisis! how ironic is that!
__________________

X5 M50d White, 20"rims, Adaptive Drive, HUD, Xenon Adapt Lights, Rear/Side Camera, Sunroof, Auto Tailgate, Comfort Access, Active Perforated Ventilated Comfort Seats, M Paddle Shift, Active Crus, Stop/Go, Proff Nav + TV, DAB, 16 Spk Ind HiFi, USB, Internet, Apps, 4 Zone Air, Towbar 20% Tint, 5mm Castor Bushes, Yellow Calipers, Ceramic Pads
watrob is offline   Australia
0
Reply With Quote
      12-15-2008, 06:19 PM   #15
TMNT
Captain
 
Drives: 330ci ZHP
Join Date: Jan 2007
Location: VA

Posts: 875
iTrader: (0)

GM should Dump: Hummer, Saab, Pontiac, GMC, and Buick.
GM should Keep: Chevy, Cadillac, & Saturn

Still millions of people will lose their jobs. GM is too big, too many competiting brands that represent dilulted variety and no individuality.

Cars to keep: Sky, Camaro, Malibu, CTS, VUE, Corvette, Astra, Outlook, traverse
Cars to dump: Impala, cobalt, DTS, XLR, Escalade ESV, Caddilac EXT, Trailblazer

Any car I did not mention should be kept. Between these 3 brands there should be no more than 35 different car models (variations not included)
TMNT is offline  
0
Reply With Quote
      12-15-2008, 09:57 PM   #16
Reedomn
Captain
 
Reedomn's Avatar
 
Drives: 1M
Join Date: Feb 2008
Location: Minneapolis

Posts: 876
iTrader: (15)

Looking to buy a Yukon and visited a dealer Saturday. They are moving alot of vehicles right now with the "red tag" promotion..!! Maybe it's because the one I am looking has a sticker of 53k and the current offer from the dealer is 36!..Brand new 2008.
Reedomn is offline   United_States
0
Reply With Quote
      12-18-2008, 10:38 PM   #17
ase2dais
//Mdicted
 
ase2dais's Avatar
 
Drives: a Cop Magnet
Join Date: Sep 2005
Location: 495 Ring

Posts: 9,872
iTrader: (17)

Garage List
I'd give them 36k for an 09 Z06 Corvette, with zero % financing and
only if they come with a 50kmiles/4 yr service plan


,, dont forget a set of floor mats
ase2dais is offline   United_States
0
Reply With Quote
      12-19-2008, 12:37 AM   #18
petener999
Private
 
petener999's Avatar
 
Drives: e65 750i, E46 M3
Join Date: Sep 2008
Location: L.A, Cali

Posts: 86
iTrader: (0)

Quote:
Originally Posted by ase2dais View Post
I'd give them 36k for an 09 Z06 Corvette, with zero % financing and
only if they come with a 50kmiles/4 yr service plan


,, dont forget a set of floor mats
I'll take one....
petener999 is offline   United_States
0
Reply With Quote
      12-19-2008, 12:58 AM   #19
e90_DriftStar
Captain
 
e90_DriftStar's Avatar
 
Drives: 2008 E93 335i
Join Date: Dec 2007
Location: Miami, FL

Posts: 758
iTrader: (0)

Send a message via AIM to e90_DriftStar
ill give 40k for a new cts v
__________________
e90_DriftStar is offline   United_States
0
Reply With Quote
      12-19-2008, 01:21 AM   #20
AV9
Brigadier General
 
AV9's Avatar
 
Drives: 2009 e92 m3
Join Date: Jun 2008
Location: OC

Posts: 4,289
iTrader: (7)

Quote:
Originally Posted by petener999 View Post
I'll take one....
AV9 is offline   United_States
0
Reply With Quote
      12-19-2008, 02:31 AM   #21
iPodAddict
Captain
 
iPodAddict's Avatar
 
Drives: Jet Black e92 335i
Join Date: Sep 2007
Location: Toronto

Posts: 964
iTrader: (0)

Send a message via MSN to iPodAddict
ALL-IN for a 40k brand new zr1! lol
__________________
iPodAddict is offline  
0
Reply With Quote
      12-20-2008, 10:57 PM   #22
ase2dais
//Mdicted
 
ase2dais's Avatar
 
Drives: a Cop Magnet
Join Date: Sep 2005
Location: 495 Ring

Posts: 9,872
iTrader: (17)

Garage List
hold my ealier order pls
and make it a ZR1 also, noticing its already out

and I'll add another $500 to my earlier 36k offer
out the door pls with same incentive!
no pinstripes!
ase2dais is offline   United_States
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 06:53 AM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST