This is chilling. I feel like I'm on a snowball headed downhill fast I think we ain't seen nothing yet. Looks like it is time to have a backyard garden like the grandparents used to have.

GM - lowest stock price since July 26, 1934

__________________
Jim

They need to go bankrupt, an orderly bankruptcy should have been done instead of the original Bush bail out. It is the only way they can be free of their legacy costs, and can re-invent themselves.

Quick, throw more taxpayers' money at it!

Saab just went under today. They filed for bankruptcy in Sweden.

I expect GM will begin to slide now. I wonder if Opel, Vauxhall, and Holden will be spun off or if a rump GM can keep them. I am sure Buick, Hummer, Saturn,and Pontiac are leaving us soon.

__________________
"I have no convictions ... I blow with the wind, and the prevailing wind happens to be from Vichy"

Current
Monika '74 450 SL
BrownHilda '79 280SL
FoxyCleopatra '99 Chevy Suburban
Scarlett 2014 Jeep Cherokee
Krystal 2004 Volvo S60
Gone
'74 Jeep CJ5
'97 Jeep ZJ Laredo
Rudolf ‘86 300SDL
Bruno '81 300SD
Fritzi '84 BMW
'92 Subaru
'96 Impala SS
'71 Buick GS conv
'67 GTO conv
'63 Corvair conv
'57 Nomad

I'm shoveling! I'm shoveling!

Sheet agin' the tide.

Oh you sailors with your nautical talk!

Try adjusting that 1934 stock price for inflation. The stock would need to be at just over $23 to match its low back in 1934 adjusted for inflation. So, in real terms the stock is down 95% since 1934.

__________________
Jason Priest
1999 E430
1995 E420 - retired
1986 420SEL - retired

Fire up the presses!

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

They are not allowed to go under until I've got a couple thousand saved up for a trailblazer

__________________
$60 OM617 Blank Exhaust Flanges
$110 OM606 Blank Exhaust Flanges
No merc at the moment

One of the reasons I'm buying a Ford is because I knew this was coming.

I studied GM's fincial statements as part of an accounting project pretty closly last fall with some pretty smart accounting students. Having seen there horrible sales figures, and amazing cash burn we saw that Bush's bailout money would run out in March, and they would need more or go under. Well guess what? Our accounting project on GM was dead nuts on.

As I have said before GM is no longer a viable company, they have only 3 options, well 2 and an out...

1. Bankruptcy and restructure.
2. The economy comes back strong and people start buying SUV's like mad again.
3. The government buys them out and they become a state run company.

Remember GM has a $2.5B per month burn rate, they can reduce that and are trying to, but thats not something you can do overnight. They are in a tight spot now because they have no cash, and no credit.

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Let GM file for bankrupsty, and re-organize...they would come back as a stronger company, fiscally speaking. Look what happened to the airline industry...

Ford could buy Chrysler and run it better than it was run under Iacocca.

__________________
1987 560SL
85,000 miles

I don't understand why they havn't done that. Looking at there reports it seems like the best option. Irrational fear is all I can come up with as to why they don't.

__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Many have pointed out that if they go into Bankruptcy they might as well liquidate and close up.....as people won't buy a car from a company in that position when they can go buy a nice Hyundai or Toyota and not worry about re-sale value and support down the road.

__________________
-diesel is not just a fuel, its a way of life-
'15 GLK250 Bluetec 118k - mine - (OC-123,800)
'17 Metris(VITO!) - 37k - wifes (OC-41k)
'09 Sprinter 3500 Winnebago View - 62k (OC - 67k)
'13 ML350 Bluetec - 95k - dad's (OC-98k)
'01 SL500 - 103k(km) - dad's (OC-110,000km)
'16 E400 4matic Sedan - 148k - Brothers (OC-155k)

They need a restructuring as said many times before.


They are targeting too many segments, and its just not working.

If they done restructure, their entities are just going to fold and close up...

__________________
-Justin

91 560 SEC AMG - other dogs dd
01 Honda S2000 - dogs dd
07 MB ML320 CDI - dd
16 Lexus IS250 - wifes dd

it's automatic.

I wrote to my congressman to urge him to vote against the bailout. Of course he defied my wishes, saying in a roundabout way that we can't afford to lose the jobs. Well now it looks like most of them will be lost anyway.

__________________
1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma