Comments on: Citing financial confidence, GM scraps $4 billion credit line http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html Car news, reviews, and specs for the auto-industry Sat, 11 Feb 2012 02:06:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: SS4LIFE http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350139 SS4LIFE Tue, 08 Jan 2008 02:05:48 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350139 richt62167, GM globally took the top spot from Ford like over a half century ago. If you mean taking the top brand position well Chevy just recently took that top honor for 07 from the Ford brand. Toyota passed Ford, but this is old news that we all know. Also financially GM has so many assets stuffed in their closets that out of the big three, GM would be the last to be in any fear from any bankruptcy. But yeah it's good to hear that they ended this $4B line of credit. Hopefully this reinstates some of the investors faith in GM. richt62167, GM globally took the top spot from Ford like over a half century ago. If you mean taking the top brand position well Chevy just recently took that top honor for 07 from the Ford brand. Toyota passed Ford, but this is old news that we all know.

Also financially GM has so many assets stuffed in their closets that out of the big three, GM would be the last to be in any fear from any bankruptcy.

But yeah it’s good to hear that they ended this $4B line of credit. Hopefully this reinstates some of the investors faith in GM.

]]> By: CTS DRIVER http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350091 CTS DRIVER Mon, 07 Jan 2008 23:13:28 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350091 yeah but i dont think nissan and gm have anything to benefit each other. and kerkorian may have made a huge mistake by bailing out on gm, as soon as he bailed gm made a lot of good moves, maybe it was his bad influence that caused so many problems. yeah but i dont think nissan and gm have anything to benefit each other. and kerkorian may have made a huge mistake by bailing out on gm, as soon as he bailed gm made a lot of good moves, maybe it was his bad influence that caused so many problems.

]]> By: autonut http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350076 autonut Mon, 07 Jan 2008 22:28:55 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350076 By takeover from Nissan/Renault I meant insistence of Kirk Kerkorian to talk to Gnosn. During summer it looked like Gnosn make take Wagoner chair. It was nervous time for Rick and I am sure he did not want to look for a job. Shares actually went up, since Wall Street thought that merger would not hurt GM. As a matter of fact shares shot from $31 to $38 and back when talks failed (I remember because I played). Now they are at about $24. By takeover from Nissan/Renault I meant insistence of Kirk Kerkorian to talk to Gnosn. During summer it looked like Gnosn make take Wagoner chair. It was nervous time for Rick and I am sure he did not want to look for a job. Shares actually went up, since Wall Street thought that merger would not hurt GM. As a matter of fact shares shot from $31 to $38 and back when talks failed (I remember because I played). Now they are at about $24.

]]> By: LP64O http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350073 LP64O Mon, 07 Jan 2008 22:21:05 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350073 Commodore, you're awesome. Commodore, you’re awesome.

]]> By: Commodore http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350012 Commodore Mon, 07 Jan 2008 20:08:49 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-350012 Deanster - exactly. Think Chrysler Deanster – exactly. Think Chrysler

]]> By: CTS DRIVER http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349998 CTS DRIVER Mon, 07 Jan 2008 19:59:10 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349998 i dont think gm was worried about a takeover from nissan autonut, and its not like opel has just appeared out of nowhere, why should gm have 50 different global platforms? whay is everybody so hateful that gm is wisely using global resorces. i dont think gm was worried about a takeover from nissan autonut, and its not like opel has just appeared out of nowhere, why should gm have 50 different global platforms? whay is everybody so hateful that gm is wisely using global resorces.

]]> By: Z06ified http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349968 Z06ified Mon, 07 Jan 2008 18:52:50 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349968 Actually, the market has questioned GM's financial stability. Look at the discounts GM's corporate bonds trade at. That's OK, the markets questioning, and analyst's ignorance = more money for me. Actually, the market has questioned GM’s financial stability. Look at the discounts GM’s corporate bonds trade at. That’s OK, the markets questioning, and analyst’s ignorance = more money for me.

]]> By: Commodore http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349967 Commodore Mon, 07 Jan 2008 18:52:27 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349967 Awesome. Everyone should be happy, haters included Awesome. Everyone should be happy, haters included

]]> By: autonut http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349959 autonut Mon, 07 Jan 2008 18:28:44 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349959 CA36GTP, nobody questioned GM financial stability (yet). The question everyone has is their ability to engineer car for the market within cost and time budget. Opel has solved that problem well and now GM is riding on Opel platform for large chunk of its cars. SUVs & CUVs are different story. GM still relies on Opel for smallish CUV/SUV as well (Saturn Vue). I think GM went for line of credit before/during perceived threat from Renault/Nissan takeover. The larger debt, more difficult to mount hostile takeover. What kind of short sited financial management GM would have if they would need additional 4B just for 6 months? It was part of the "poison pill". CA36GTP, nobody questioned GM financial stability (yet). The question everyone has is their ability to engineer car for the market within cost and time budget. Opel has solved that problem well and now GM is riding on Opel platform for large chunk of its cars. SUVs & CUVs are different story. GM still relies on Opel for smallish CUV/SUV as well (Saturn Vue).
I think GM went for line of credit before/during perceived threat from Renault/Nissan takeover. The larger debt, more difficult to mount hostile takeover. What kind of short sited financial management GM would have if they would need additional 4B just for 6 months? It was part of the “poison pill”.

]]> By: A4 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349926 A4 Mon, 07 Jan 2008 17:26:10 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349926 Maybe now theyll lower my rediculous interest rate on my silverado. Maybe now theyll lower my rediculous interest rate on my silverado.

]]> By: CA36GTP http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349915 CA36GTP Mon, 07 Jan 2008 16:58:54 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349915 Very good news, especially seeing as GM's financial stability has been in question for years now. Very good news, especially seeing as GM’s financial stability has been in question for years now.

]]> By: Brendino http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349911 Brendino Mon, 07 Jan 2008 16:40:48 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349911 You think Ford will lose ground to Chrysler? They're worse off than the Blue Oval. You think Ford will lose ground to Chrysler? They’re worse off than the Blue Oval.

]]> By: SwerveEarly http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349906 SwerveEarly Mon, 07 Jan 2008 16:34:07 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349906 Next year will be a true test. Toyota will be giving cars away in their quest to be number one, the economy looks shakey and as always everyone is planning increased sales. Especially Hyundai and VW, haha. Next year will be a true test. Toyota will be giving cars away in their quest to be number one, the economy looks shakey and as always everyone is planning increased sales. Especially Hyundai and VW, haha.

]]> By: planet_drive http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349901 planet_drive Mon, 07 Jan 2008 16:18:59 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349901 Ford is #3 in the US now and will soon slip to 4th because of Chrysler. Even though GM's financial situation is still very bad compared to most other automakers, its still much better than Ford's financial situation. Ford workers must now have the lowest worker morale in the auto industry and that always equates to even poorer quality products. Ford is #3 in the US now and will soon slip to 4th because of Chrysler. Even though GM’s financial situation is still very bad compared to most other automakers, its still much better than Ford’s financial situation. Ford workers must now have the lowest worker morale in the auto industry and that always equates to even poorer quality products.

]]> By: corvette http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349893 corvette Mon, 07 Jan 2008 16:03:26 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349893 great... ford hasn't been #1 for a long time. great… ford hasn’t been #1 for a long time.

]]> By: johnnycanuck http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349892 johnnycanuck Mon, 07 Jan 2008 16:00:30 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349892 You mean Toyota...right? You mean Toyota…right?

]]> By: richt62167 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349884 richt62167 Mon, 07 Jan 2008 15:39:25 +0000 http://www.leftlanenews.com/citing-financial-confidence-gm-scraps-4-billion-credit-line.html#comment-349884 Good for GM.!!! I hope They take the No.1 spot from Ford Good for GM.!!! I hope They take the No.1 spot from Ford

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