Comments on: Judge approves sale of good assets to “New GM”

By: GM An American Embarrassment

GM An American Embarrassment — Fri, 10 Jul 2009 00:31:32 +0000

MY NAME SAYS IT ALL LOL

By: Borat

Borat — Mon, 06 Jul 2009 20:48:36 +0000

Poisonous or “bad” assets are product of very same GM that is now part owned by two country and the labor force that bankrupt it. I wonder what the recipe government has that it plans to turn around disfunctional company? In the era where all other manufacturers are talking about economies of scale smaller company with smaller production does not make sense. Very same economy of scale is not there.

By: leftwingagenda

leftwingagenda — Mon, 06 Jul 2009 18:28:09 +0000

ricky_b, what’s the evidence? why question whether they’ll be solvent again? at the end of bankruptcy all the poisonous assets are tied up with a bow and left behind as the new GM gets to forge ahead with the most profitable divisions…that would seem to be a dramatic streamlining of the company…since chrysler took the point on this kind of bankruptcy, there’s no need for legal slowdowns to set precedents, even…what specific points do you think will hold things up?

By: ricky_b

ricky_b — Mon, 06 Jul 2009 16:33:35 +0000

Where’s the blogger with the GM pom-poms?

You know, if you did the math, if GM had already shed the divisions on the block and you relooked at June 2009 US sales figures, Ford would have outsold GM.

PS. I don’t think this backruptcy is going to go as quickly as they planned and it’s going to be quite the uphill battle for GM to restabilize. I question whether they’ll even make it back into solvency.

By: reedfast

reedfast — Mon, 06 Jul 2009 16:30:34 +0000

with all this nipping and tucking GM is going to start resembling Dolly Parton.

By: Ed103

Ed103 — Mon, 06 Jul 2009 15:31:49 +0000

GM sucks! Now the governments owns them! Hahahaha!

By: Bubs Solo

Bubs Solo — Mon, 06 Jul 2009 14:39:43 +0000

So are their shares still worth squat or what’s the story there?

By: johnnycanuck

johnnycanuck — Mon, 06 Jul 2009 14:36:16 +0000

mayer_ray, now that at least is a good return on your investment.

By: 2WheeledSpeed

2WheeledSpeed — Mon, 06 Jul 2009 14:02:26 +0000

I agree with bauer100 on that…

By: bauer100

bauer100 — Mon, 06 Jul 2009 12:27:31 +0000

dont expect anyone here to actually read the judgement. it will just be 50 comments of GM bashing and “haha! governement owns GM!”

By: carstuff

carstuff — Mon, 06 Jul 2009 12:05:36 +0000

Actually not written in legalese. Try it.

By: mayer_ray_nagin

mayer_ray_nagin — Mon, 06 Jul 2009 11:42:56 +0000

LMAO @ carstuff who apparently read 95 pages of legalese BS.

I can get good äss downtown and I dont need no stinkin judge to do it!

By: carstuff

carstuff — Mon, 06 Jul 2009 11:07:10 +0000

VERY interesting read. Pretty much nails the issues on the head w/o all the BS heard here and everywhere.

If it goes like Chrysler, and it will, there will be no issues.

New GM will be out of bankruptcy by the end of the week. It will have cleansed itself of lots of debt, cut its UAW manpower by 10,000’s, cut its’ salaried by 1000’s, gotten rid of unneeded plants, cut brands, cut, cut, cut.

The big telling here will be the burn rate at the end of the 3rd quarter. From reports it looks like they will significantly lower the outlays and most likely will have a MUCH lower burn rate than any other large OEM.