So why is GM going down? - Page 3

MASKDMARVL · 12-01-08, 04:57

My point is too get a good american car you need to spend serious cash. Then if the company no longer exist whats my investment worth. Like buying a house 4 years ago.

jdoria · 12-01-08, 05:03

Quote:

Originally Posted by MASKDMARVL

My point is too get a good american car you need to spend serious cash. Then if the company no longer exist whats my investment worth. Like buying a house 4 years ago.

Look at my 2007 Jeep Grand Cherokee. Luckily I leased it.

Sticker was $40,xxx.
Lease payment is $353.00 for 27 months.
I have 7,000 miles and could sell it for $15,000-17,000
My lease buyout in September 2009 is $27,704.

Chrysler will sell it to me in March for KBB book. I'm hoping it's $12,000, I'll buy it, I do like it.

MASKDMARVL · 12-01-08, 05:04

If you need to buy american buy a 69 numbers matching rotisarie restored Z28. Thats an investment. There are 2 big investments in everyones life, first is a home, second is a vehicle. Choose carefully. Dont spend 30,000 in an american market, and expect the world.

jdoria · 12-01-08, 05:06

Quote:

Originally Posted by MASKDMARVL

If you need to buy american buy a 69 numbers matching rotisarie restored Z28. Thats an investment. There are 2 big investments in everyones life, first is a home, second is a vehicle. Choose carefully. Dont spend 30,000 in an american market, and expect the world.

First is a home
Second is retirement......

MASKDMARVL · 12-01-08, 05:10

Quote:

Originally Posted by jsatek

Look at my 2007 Jeep Grand Cherokee. Luckily I leased it.

Sticker was $40,xxx.
Lease payment is $353.00 for 27 months.
I have 7,000 miles and could sell it for $15,000-17,000
My lease buyout in September 2009 is $27,704.

Chrysler will sell it to me in March for KBB book. I'm hoping it's $12,000, I'll buy it, I do like it.

I can understand where you are comming from. You get attached to your car its like a second child. The pros to a leased vehicle are you can upgrade to the next model every year so your always driving the newest car, the cons are your locked into a contract with a failing company. At a high intrest rate ?

BigAl3 · 12-01-08, 05:10

in anycase, i hope ALL the hard working men and women who work in any field of the troubled auto industry, make it out okay. i can't imagine how many more jobs would be lost, and times are tough already as it is...

jdoria · 12-01-08, 05:10

And the only 1 thing you can pin GM's failure on is piss poor management from the top.

MASKDMARVL · 12-01-08, 05:11

Second is retirement......[/quote]

The bar has been raised , and I totally agree with you .

MASKDMARVL · 12-01-08, 05:14

Greed makes it hard to find parking at the unemployment office.

ZaneO · 12-01-08, 06:18

Quote:

Originally Posted by ianitrix

God ZaneO you are retarded. Blame the union for this, while the CEO is making millions as a salary and flying on his private jet??
Give your head a shake, seems to me your jealous of them..

Nice tact. Are you a union leader or something?

I did say there were several problems - a greedy union is one, poor upper management is another. The list could go on or stop there.

AspenF150 · 12-01-08, 09:03

I'm not one for talking about this kind of stuff as it's too contraversial but I'll chime in anyway. I lost my job thanks to Bush and his henchmen of idiot politicians so I'll blow off some steam.

First off, During the Bush Admininstration, Bush and all the other idiots in congress took there eye off the ball. CEO's, Management etc... saw the oppurtunity over the last 8 years to make alot of money and that's exactly what they did. A crying shame unfortunately but job #1 for most businesses is to make money, even if it means laying people off. shipping jobs overseas and putting the economy in the porta john. Why should they care if your the hardest working employee they got. Doesn't make one bit of a difference to them.

The real estate market isn't helping either. If people can't afford there mortages, there number 1 thing most people pay for, why should they go out and buy a car? an appliance? invest in stocks etc...

Here again that said, Fannie Mae, Freddie Mac and all the other banks came up with all these wild and crazy mortage lending programs with adjustable mortages to get people in there pockets. Partly too, I blame those SELECT people for stretching there money so thin, that all they can do is pay there mortage and that's it!

Sadly though, it's a numbers game with both the economy and the job market. All this is tied together which is why GM, Ford & Chrysler is going down the drain if something doesn't give. On a personal note, I don't support the unions in any industry one bit. I support the bailout but ***!?!! GM, Ford & Chrysler going before Congress flying in on there corporate jets!?! and too add insult to injury, with no business plan!? I.e Ok, we give you the $25,000,000,000 but what do you intend to do it with it? Between payroll, production costs, bills, and the union, the big 3 each will burn that money in about a month or less.

Don't even get me started on the A.I.G rat bastards

I spend my money one an as needed basis and pay cash for most of my things. In an economy like this, cash is king. I don't own any credit cards, don't believe in them and I'll never use one.

FlowRate · 12-01-08, 09:08

Quote:

Originally Posted by ZaneO

Nice tact. Are you a union leader or something?

I did say there were several problems - a greedy union is one, poor upper management is another. The list could go on or stop there.

My dad keeps telling us about how his uncles worked for GM and got 2 months of vacation + $40/hour to sit and watch a machine. It's simply not sustainable business practice when you're also producing what is widely regarded as an inferior product.