| Re: Buying CTS-V with GM 's Bankruptcy Potential?
"The plan was going great until the Casino - er, I mean- Wall Street, suffered this colossal meltdown that literally gutted the auto industry from the ground up."
People who live in glass houses shouldn't throw stones!
GMAC has always been a big part of GM, and was frequently a larger contributor to the bottom line than the actual automobiles.
Ditech mortgage was a large part of GMAC during the housing boom times. Yep, GM caught the housing / mortgage boom, etc.
And maybe using 0% financing since October 2001 to force sales rather than reducing production was not the correct answer in the end. Did GM truly believe that a production rate of 16 or 17 million (for the U.S. market) was sustainable?
Am I impressed with the CTS-V and some of GM's other models. Sure, or I would not be here on this board. However, an unhappy ending might be unavoidable, whether it is now or 5 years down the road. |