10-16-2010, 06:12 PM | #23 | |
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Oh and if GM built crap, they wouldn't be the most reliable vehicles in my families history. Last edited by quagmire; 10-16-2010 at 06:17 PM.. |
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10-18-2010, 01:00 AM | #24 | |
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2011.5 mineral white e92 zcp 6mt m3 |
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10-18-2010, 07:43 AM | #25 | ||
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GM didn't go bankrupt even after taking tax money, it was a controlled bankruptcy that was planned out by the government. It was the best route to go in saving GM. It would have cost more to fund the old GM until they were restructured then it did to have them trim the fat via bankruptcy by creating a new company to buy the good assets of GM and let the bad assets go into liquidation. Ford avoided the same situation by pure luck. Back in 2007, they mortgaged out the whole company because they didn't have money to restructure and to fund future vehicle development. If Ford didn't do that, they would have been in the same situation GM was in. Trying to restructure with no means to get funds because of the credit crisis in 2008. And it was a big gamble. If they didn't succeed, Ford would be on its death bed as well. Even though Ford's public perception is improving thanks to not taking the bailout, they are still in bad financial standing because of that $28 billion debt while GM has around $6 billion in debt. GM right now is in a better financial situation. Quote:
You do know GM and BMW have worked together for a long time right? GM supplies the automatic transmission for the 328i and GM and BMW developed( along with DaimlerChrysler) the two-mode hybrid transmission. It hasn't killed BMW has it now? Last edited by quagmire; 10-18-2010 at 07:51 AM.. |
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10-18-2010, 11:28 AM | #26 | |
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UAW = Govt Bailout |
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10-18-2010, 11:32 AM | #27 | |
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Lack of PRIDE and WORK ETHIC Enough said |
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