GM Shares Plunge

[Enishi]

Woah. This does NOT bode well for Michigan...

GM Shares Plunge On Analysts Prediction

[Azeuron]

ouch GM might not be around much longer eh

[creatureofthenyte]

I think that if the big three don't get the help their asking for, they are fucked.

And if that comes to pass, I shudder to think what will become of your state.

People will leave in droves.

[Hellion]

This state is better off becoming a landfill.give it time it will be 100% vacant,except for the landfill workers

[Msterbeau]

What kills me is... what if the analyst is dead wrong? One guy says I think GM is going to do horrible and everyone panics.. Does anyone else think this is stupid?

[Reaper]

What kills me is... what if the analyst is dead wrong? One guy says I think GM is going to do horrible and everyone panics.. Does anyone else think this is stupid?

Reminds me of the same bullshit that ran the oil prices up. I worry about this as well as I have been paying attention to their stocks over time because I run auto freight up to Flint at the GM plant. If they go, so does my run.

[Rev.Reverence]

...YES....MSTERBEAU...I AGREE. Stock market peoples are the biggest idiots...(yes, worse than the info-mercial dudes...)

[Homicidalheathen]

i fortunatly or un...have inside info on the company from higher ups

be afraid

he is saying things may be gone to far and it may not be salvagable and he can't BELIEVE the waste he see's there...time and money spent on NOTHING

[Onyx]

If they are wrong this is a fantastic time to buy some stocks.

Actually it's a fantastic time to buy a lot of stocks across the board. I predict there will be a whole lot of smart buyers who end up millionaires in a few years from buying all this cheap stock when things take an upturn. If I had the capital I'd damn sure be buying in several different areas. Though it's always a gamble, the ones who panicked and sold will end up the losers in the end.

[Onyx]

i fortunatly or un...have inside info on the company from higher ups

be afraid

he is saying things may be gone to far and it may not be salvagable and he can't BELIEVE the waste he see's there...time and money spent on NOTHING

You are definitely right about that. The waste needs to stop and stop now. I really hope they change that and quick. I would really like the continued opportunity to buy a GM car, used to love them and I don't want to see them fail. It would be a damn shame.

[Homicidalheathen]

he see's people sitting around in the office all day JUST TALKING!!! And they get paid more than him!

and sub contractors kept on at an extrememly expensive rate cause, well....'we might need him someday'....

[Gaf The Horse With Tears]

You are definitely right about that. The waste needs to stop and stop now. I really hope they change that and quick. I would really like the continued opportunity to buy a GM car, used to love them and I don't want to see them fail. It would be a damn shame.

Sorry to derail but...

Onyx, your new avatar pic is fucking hot.

[Onyx]

Awww, thanks GAF. Angela saw me at the concert and barely recognized me so thought I'd put up a new one since I've changed my hair a lot.

[Destroit]

Saw this coming for awhile, the American car companies don't seem to be in tune with what's in demand, and are way behind foreign car makers, imo. Also the fact that American employees probably get paid ridiculous amounts of money for nothing, bad for business.

[Gaf The Horse With Tears]

The bail out money that GM asked for... was to pay their largest operating expense... If they can't somehow offset it, there is no saving GM...

It's health care for people that dont work for them anymore or have never worked for them.

[torn asunder]

Sorry to derail but...

Onyx, your new avatar pic is fucking hot.

[Rev.Reverence]

The bail out money that GM asked for... was to pay their largest operating expense... If they can't somehow offset it, there is no saving GM...

It's health care for people that dont work for them anymore or have never worked for them.

SO...why not the Universal Health Care???

...I recall recently hearing that 80% of the price of a new auto is the health care of the workers & their families...

[Hellion]

I am happy we are an aircraft/military parts mfg facility,but I do have some relatives and friends that do work in auto related jobs let alone The Big Three as well,hopefully some of these suppliers they work at also have somehow diversified

to other work(hydraulics,aerospace,medical,parts mfg,farm/construction equipment parts mfg)

I guarantee people will be knocking on our doors at work looking for work,and unfortunately we will have to turn them away.Its just like 1981-1983 again.

[SaGa]

Woah. This does NOT bode well for Michigan...

GM Shares Plunge On Analysts Prediction

detroits going to look like a third world country, after a post-nuclear war.

[Gaf The Horse With Tears]

SO...why not the Universal Health Care???

...I recall recently hearing that 80% of the price of a new auto is the health care of the workers & their families...

How does that solve the problem? The Big 3 are contractually obliged to give full medical/dental/vision coverage to everyone that works for them, everyone who has ever worked for them and all members of their immediate family's. GM needs $50million to pay the premiums on EX-employees.

The Big 3 tried to move into a new system that would be managed by the Unions. It was rejected by the Unions. i find this funny, because the Unions have more money than GM/Ford/Dodge.

[predaking]

I work for a GM part supplier, things are in no way good. There is some downplay in the media as to how bad it is, but those knee deep in it have a better (not so much clearer) understanding of the great lubeless buttfuck that is going down

[Msterbeau]

Glad I don't own GM stock any more. (Or any, for that matter) The highest I remember it being worth while I had it was around $95 per share.

[predaking]

Saw this coming for awhile, the American car companies don't seem to be in tune with what's in demand, and are way behind foreign car makers, imo. Also the fact that American employees probably get paid ridiculous amounts of money for nothing, bad for business.

you are half right... yes american auto makers are in no way in tune with their customers.

[SaGa]

you are half right... yes american auto makers are in no way in tune with their customers.

i think they switched gearsto late. they gave what people wanted SUV's sure there initial advertisement and of course acceptence was on there part. now they are giving what people want. there just WAY late in the game to profit of it

its on the fact that people cant afford a new car in general. and with this credit crisis it just points out that peak-consumerism exsists. and once it slopes downward bad things happen.

[predaking]

i think they switched gearsto late. they gave what people wanted SUV's sure there initial advertisement and of course acceptence was on there part. now they are giving what people want. there just WAY late in the game to profit of it

Very true, but they targeted the wrong people all together imo.Toyota had the right idea with Scion, the Big3 should have tried something like that. young buyers could have bolstered sales