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Author Topic: ****GM suddenly go down with downgrade***
ththf
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Be careful longs.
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glassman
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bonds cut to junk...

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BuyAtBottom
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that is big
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jason10
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not a big shock there this company is in big trouble every news they have released or been released about them in the last 6 months has been extremely negative

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- Winston Churchill

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ththf
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f*ck. Big MM get more and more cunningly.

They bring out IBM ER ahead of schedule. Now they downgrade the GM in mid of the day.

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ththf
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"GM said they have adequate cash to fund bussiness."

I think GM CEO must be an idiot to say that. This make people worry much more.

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BuyAtBottom
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gas prices is not helping the car industry
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glassman
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yeah and all their commercials are for big gas-hogs....

wake up GM... go hybrid before it's too late...

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jason10
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lol already too late considering thier market share has been cut in half in not even 5 years

the only thing gonna save this beast is an incredibly forward thinking new management team

another thing i gotta say drives me nuts

i love unions they serve a very important purpose but the car unions and the airport unions are destroying the companies they work for sorry but when your making 30+ dollars an hour with incredible benefits in a job that really doesnt (and i dont care what you think it doesnt) take any decernable skill and you threaten to strike you deserve to lose your job but go ahead and scream and cry that 50k people get laid off its thier own fualt

GM is paying retired people almost as much money as it is paying to make thier cars your not gonna stay in business that way esp in a market that has MANY competitors who do it as good as you


and just a side note i think gm cars are well made (far batter than ford) but toyota makes the best cars in most classes

and this has been my 2 cents thank you [Wink]

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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ththf
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quote:
Originally posted by glassman:
yeah and all their commercials are for big gas-hogs....

wake up GM... go hybrid before it's too late...

What do you mean hybrid? (my English is not so good. LOL...)
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jason10
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hybrid cars are the gas-electric type that get like 60 miles per gallon is what hes talking about

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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glassman
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i see what? 10-20 commercials for hummers every day? 8 miles/gallon.... [Roll Eyes]

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BuyAtBottom
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also ford was cut to junk status also
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jason10
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lol any time i have ever looked for a car i rule out ford as an option before i even start i have passed over more than one ford that was a better buy than the car i bought because i know a little about cars and thiers just arent good as a rule

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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Triumph1902
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I saw it coming when they let Olds go. Im pretty sure Pontiac is next. I don’t know who GM is marketing their cars to, but it can’t be anyone on this planet. Their new lineup is way too conservative. They have been consistently outwitted by their rivals. I believe they will offer hybrid full size pickups in the next few years. In order for them to survive they will need to reorganize and make some huge fundamental changes.
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glassman
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i only drive fords...

the Best never rest...

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Don't envy the happiness of those who live in a fool's paradise.

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jason10
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i worked at a pepboys for a little while and ford was by far the hardest car to work on due to poor design

plus other than the fseries trucks they have rather alarming breakdown rates and pretty much only pontiac grand prix and european(they really should be taken to specialty shops) cars had higher bills too

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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Otebies
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glass, I knew you were ok, I have driven fords for years with few or no problems, Ford management is also behind in the technology hybrid game and the style thing, but GM is face down in the street. enjoy your posts, hope to improve my investing reading your comments.
The New Guy

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glassman
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well my bro-in-law works at Saturn and i'd like for him NOT to have to move in with us.. [Big Grin]

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jason10
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saturns have a funny grinding noise when they are running but rarely ever seen any in the shop

the ones that do go in the shop are usually better taken out back and shot though usually multiples of things are wrong with them

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"The Americans will always do the right thing... After they've exhausted all the alternatives."
- Winston Churchill

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BuyAtBottom
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if gm or ford ever start laying off. that will be huge. another repeat of the 80's. also imo the housing is going to get nasty in the next nine to 12 months. investors are in full force right now. properties are soaring and being flipped big time now. more than before. now we are almost doing 60 percent investor house engineering. good for now as we are making a killing, but bad later on. there is going to be such huge inventory that it is not going to be even funny.
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glassman
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LOL, i know, the Saturn factory in TN is pretty neat tho...
let's face it, we ALL need to start requiring more from our leaders...

i started buying fuel cell stocks in '01 and i got CREAMED....

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Otebies
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GM OKC plant has already announced lay offs of second shift.
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glassman
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somehow Bro-in law missed Saturn lay-off in Jan.....

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cruz
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gm pumping money into the hummer doesn't help either.
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