View Single Post
  #10 (permalink)  
Old 11-18-08, 06:20 AM
Uncle Meat's Avatar
Uncle Meat Uncle Meat is offline
Cadillac Owners Member
Cadillac(s): None. Looking to buy a new CTS-V.
View Uncle Meat's Photo Album
 
Join Date: Oct 2008
Location: Prattville Alabama
Age: 47
Casino Cash: $1155
iTrader: (0)
Re: Buying CTS-V with GM 's Bankruptcy Potential?

Personally I think that chapter 11 is the only way out for GM. If the government gives them a loan it's just putting off the inevitable. A couple billion $$ will what, keep them up and running for 6-9 more months? So you think GM is going to fix all their problems and become self-sustaining in just 6-9 months? Doubtful.

Filing for chapter 11 and dumping the unions is the only way that I see GM making it work. The reason the big three can't compete is because the unionized workforce adds too much $$ to the overall cost of our cars.

As for the OP's question... I wouldn't worry too much about it. Whether they get the hand out from Uncle Sam or the reorganize under chapter 11 I think you're safe.

U.M.