Jodi_the_g
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GM are on the verge of going bust shares dropped another 28% yesterday and expected to keep falling today.
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willay
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Registered: 10th Nov 02
Location: Roydon, Essex
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oh noes no more shitty motors
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willay
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ps. the government will prop it up or they will get bought out, not much of a problem unless you work for them me thinks.
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Jodi_the_g
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quote:
Originally posted by willay
ps. the government will prop it up or they will get bought out, not much of a problem unless you work for them me thinks.
Agreed, the shares are $3 at the moment though they expect them to go to $1 by the end of the week.
Problem is they employ a massive amount of people in america, same with ford who will be following shortly.
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willay
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GOD BLESS AMERICA.
they have been making bad losses for years thou?
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Jodi_the_g
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Yeah 12bn or something this year.
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Hammer
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Registered: 11th Feb 04
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They'll get bailed out due to the implications of letting a national institution go to the wall and the confidence bash it would send through the whole economy.
That being said though where does the bailing out stop?
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Joe
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Registered: 20th Jun 04
Location: Hesketh Bank, Lancashire
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Our family makes a living from GM cars, this sounds like wonderful news.
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Jodi_the_g
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quote:
Originally posted by Hammer
They'll get bailed out due to the implications of letting a national institution go to the wall and the confidence bash it would send through the whole economy.
That being said though where does the bailing out stop?
Thats my problem with it all, I get myself in trouble, no goverment steps in to help me, millionaire bankers, CEO fuck up goverment jumps in.
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willay
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the cars will always be around, someone will make parts etc etc etc
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willay
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quote:
Originally posted by Jodi_the_g
quote:
Originally posted by Hammer
They'll get bailed out due to the implications of letting a national institution go to the wall and the confidence bash it would send through the whole economy.
That being said though where does the bailing out stop?
Thats my problem with it all, I get myself in trouble, no goverment steps in to help me, millionaire bankers, CEO fuck up goverment jumps in.
thats because you're just some hillbilly hick, no one will notice if you get into a problem nor care cause it wont affect anyone but yourself?
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Hammer
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Registered: 11th Feb 04
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quote:
Originally posted by willay
the cars will always be around, someone will make parts etc etc etc
I was thinking of making springs and air filters in my shed, seems any cowboy can do that these days.
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Jodi_the_g
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I agree with what you are saying willy bar the hillbilly bit, I live in NOVA lol not Richmound.
But if people make alot of money taking risks why should they be supported when the risks fail.
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willay
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quote:
Originally posted by Hammer
quote:
Originally posted by willay
the cars will always be around, someone will make parts etc etc etc
I was thinking of making springs and air filters in my shed, seems any cowboy can do that these days.
market has been cornered already.
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Jodi_the_g
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quote:
Originally posted by Hammer
quote:
Originally posted by willay
the cars will always be around, someone will make parts etc etc etc
I was thinking of making springs and air filters in my shed, seems any cowboy can do that these days.
Don't even need to make them, just do a group buy and take the cash first.
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willay
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quote:
Originally posted by Jodi_the_g
I agree with what you are saying willy bar the hillbilly bit, I live in NOVA lol not Richmound.
But if people make alot of money taking risks why should they be supported when the risks fail.
because the risk is alot bigger then a trader doing his arse and being bankrupt, we are talking about losses big enough to bring banks down.
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Hammer
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Registered: 11th Feb 04
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I'm more worried about Vodafone and if Robbo and bubblevaux are alright, or if the blackberry storm will dig them out the hole 
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mooney
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Registered: 20th Oct 05
Location: north west uk
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<-------- works for vauxhalls 
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PaulW
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Registered: 26th Jan 03
Location: Atherton, Greater Manchester
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I think both GM and Ford, with primary markets in US, are on borrowed time. I think GM has been bankrupt for decades, but creative accounting has kept it afloat. I think Ford are worse off currently.
GM Europe is one of the most profitable arms of the firm though. If anything I think this could be interesting, maybe not good, but interesting. They are probably what's been keeping the company alive for so long.
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willay
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quote:
Originally posted by Hammer
I'm more worried about Vodafone and if Robbo and bubblevaux are alright, or if the blackberry storm will dig them out the hole
lewis Hamilton is going to bail them out.
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mooney
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Registered: 20th Oct 05
Location: north west uk
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vauxhalls have been bailed out b4
the plant in ellesmere port is the lead plant for the new astra which should start around sept next year untill then were having loads of down days and next year working shorter shifts.
big meeting tomorrow so we should find out more
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LeeM
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Registered: 26th Sep 05
Location: Liverpool
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i say.... buy shares! cash in in a couple of months, or loose lots 
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Ben G
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Registered: 12th Jan 07
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quote:
Originally posted by PaulW
I think both GM and Ford, with primary markets in US, are on borrowed time. I think GM has been bankrupt for decades, but creative accounting has kept it afloat. I think Ford are worse off currently.
GM Europe is one of the most profitable arms of the firm though. If anything I think this could be interesting, maybe not good, but interesting. They are probably what's been keeping the company alive for so long.
FordofEurope and asia are doing fine. we're losing money in the U.S.
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PaulW
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Registered: 26th Jan 03
Location: Atherton, Greater Manchester
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quote:
Originally posted by Ben G
quote:
Originally posted by PaulW
I think both GM and Ford, with primary markets in US, are on borrowed time. I think GM has been bankrupt for decades, but creative accounting has kept it afloat. I think Ford are worse off currently.
GM Europe is one of the most profitable arms of the firm though. If anything I think this could be interesting, maybe not good, but interesting. They are probably what's been keeping the company alive for so long.
FordofEurope and asia are doing fine. we're losing mothe ney in the U.S.
Hence why I said about the Europe arm of the company keeping GM afloat, I meant it in relation to both GM and Ford.
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