Buying CTS-V with GM 's Bankruptcy Potential?

[LITTLEELVISDAN]

GET RID OF THE UNION... Then they can become competitive.... End of problem... File chapter 11, renegotiate all contracts, DO NOT RE-NEGOTIATE WITH THE UNIONS. Lots of skilled labor out there looking for work...... At least that's what I hear on the news.... lots of auto workers out of work... I bet they will come to work without a union contract...

[LITTLEELVISDAN]

GOD, I HATE THE UNION!!!! Its driving work overseas

[CIWS]

Yeah but what about the Unions ?

[dieselp]

yea unions are horrible they give workers job security, horrible they dont let companys push around workers, horrible they let the worker earn a wage they can live well on you know nice house, cars, send there kids to college you know waht ever one wants i know horrible. yes i do beleave the unions do need some revamping but ther are worse thing out there.

[Uncle Meat]

Originally Posted by dieselp

yea unions are horrible they give workers job security, horrible they dont let companys push around workers, horrible they let the worker earn a wage they can live well on you know nice house, cars, send there kids to college you know waht ever one wants i know horrible. yes i do beleave the unions do need some revamping but ther are worse thing out there.

Yeah, 30 years ago that was true. They are unecessary these days IMHO. The labor laws have come a long way over the past 50 years.

U.M.

[LITTLEELVISDAN]

Originally Posted by dieselp

yea unions are horrible they give workers job security, horrible they dont let companys push around workers, horrible they let the worker earn a wage they can live well on you know nice house, cars, send there kids to college you know waht ever one wants i know horrible. yes i do beleave the unions do need some revamping but ther are worse thing out there.

It's the Union's 10 billion dollar pension GM is having trouble paying. The union won't back off its contracts so it looks like its going to be the union that kills GM. Ultimately all the workers they say they support will be JOBLESS. How does that make any sense? The airline union bankrupt the airlines (Delta) until they decided to back off their contract.

I just don't get putting a business out of business just to say you are for the worker. I'll take the work thank you..

All it does in the end is inflate the cost of doing business. and ultimately raises the price of the goods.

And that "job security" thing. All that is for now is so a company can't be efficient. They can't get rid of dead wood like they should. That is the biggest problem now days. A company gets too fat because they have to carry hundreds if not thousands of workers that are inept or have learned they are protected and don't have to produce. Thus leaving companies to hire more people who want to do some work. UNTILL the new guy gets beat down (by existing workers) for working too fast and making it look like everyone else is working slow. Then the new worker slows down to "conform". Thus the cycle starts all over.

GM could do with a big house cleaning but can't....

I know, I have been on both sides of the fence.....

[Mixdoctor]

Originally Posted by LITTLEELVISDAN

GET RID OF THE UNION... Then they can become competitive.... End of problem... File chapter 11, renegotiate all contracts, DO NOT RE-NEGOTIATE WITH THE UNIONS. Lots of skilled labor out there looking for work...... At least that's what I hear on the news.... lots of auto workers out of work... I bet they will come to work without a union contract...

Would you continue to buy a car from a company in chapter 11? A company which will find it hard to get financing, especially in this economy ? It might be hard to find parts too as they might not be able to pay their suppliers. Also the resale value of your 65K V will be junk, especially if GM doesn't make it.

Few companies make it back from bankruptcy, one of the reasons is that consumer confidence is eroded in that company. Cars are a major purchase and you have to believe that the company that you bought yours from will be there to stand behind that car.

[LITTLEELVISDAN]

Originally Posted by Mixdoctor

Would you continue to buy a car from a company in chapter 11? A company which will find it hard to get financing, especially in this economy ? It might be hard to find parts too as they might not be able to pay their suppliers. Also the resale value of your 65K V will be junk, especially if GM doesn't make it.

Few companies make it back from bankruptcy, one of the reasons is that consumer confidence is eroded in that company. Cars are a major purchase and you have to believe that the company that you bought yours from will be there to stand behind that car.

I fly an airlines that went bankrupt... I think a failure in the sky is more deadly than a failure in a car on the ground. One just stops moving the other starts moving faster UNTIL it hits the GROUND.

Yes I would still buy a ZR1, or CTS-V or Z06 or Escallade if GM files chapter 11.
Even more so if they completely go bally up. What better car to have, the crown jewl, once they stop making them.

[Mixdoctor]

With airlines you are only buying a ticket and hope they are around long enough to fly you to you destination and back. With a car company you are buying a long term product that you hope can be serviced properly for the life of your ownership. I guarantee sales will fall off big time if people lose confidence in that happening, enough so that the car company can never recover.

[jimthrall]

I don't hear anyone questioning that the 2009 CTS-V is the best performance sedan out there. So if GM were to go out of business, wouldn't this be one of the rarest vehicles of all time and command a price far above list price? I am one of over 300,000 dealership employees in this country that hopes and prays that GM weathers this storm, in fact I am sure they will. However, if I am wrong the few of you that own these vehicles will be sitting on a gold mine!

[Jpjr]

Originally Posted by jimthrall

I don't hear anyone questioning that the 2009 CTS-V is the best performance sedan out there. So if GM were to go out of business, wouldn't this be one of the rarest vehicles of all time and command a price far above list price? I am one of over 300,000 dealership employees in this country that hopes and prays that GM weathers this storm, in fact I am sure they will. However, if I am wrong the few of you that own these vehicles will be sitting on a gold mine!

Sorry in advance, but I think this analysis is wrong. There is nothing special about the V2 or ZR1 in the grand scheme of things. They are great cars relative to their class but if GM went BK they would end up as low volume cars with high cost parts and zero aftermarket.

I live in a region where people despise the American automakers. I've spent a lot of time thinking about why people hate them so much. It almost always seems like perception. The press pulls peoples emotional strings and convinces them that their own soverign manufacturing companies and employees are the enemy.

This is gut check time people. The Japanese government supports their companies, it is time to stand up and be counted or start heading to the rice boards.

I support the Big 3.

[MacOSR]

Originally Posted by Jpjr

I live in a region where people despise the American automakers. I've spent a lot of time thinking about why people hate them so much. It almost always seems like perception. The press pulls peoples emotional strings and convinces them that their own soverign manufacturing companies and employees are the enemy.

This is gut check time people. The Japanese government supports their companies, it is time to stand up and be counted or start heading to the rice boards.

I support the Big 3.

I was 100% american when it came to cars until three years ago. I would buy two new american cars every two to three years. I got tired of all the warranty problems that GM or Ford would try and deny. It just got really old. This is why I went to Toyota and BMW.

In regards to the bail out. I do not agree and I do agree. If we just give them money then we are fools because it will not change anything. The unions have bankrupt the auto industry. This statement may not go well here. However, what company can support $7 billion in retiree health care?

When times are good and you are loosing money maybe something is way wrong!

[Jpjr]

Originally Posted by MacOSR

I was 100% american when it came to cars until three years ago. I would buy two new american cars every two to three years. I got tired of all the warranty problems that GM or Ford would try and deny. It just got really old. This is why I went to Toyota and BMW.

In regards to the bail out. I do not agree and I do agree. If we just give them money then we are fools because it will not change anything. The unions have bankrupt the auto industry. This statement may not go well here. However, what company can support $7 billion in retiree health care?

When times are good and you are loosing money maybe something is way wrong!

Good comments. I have nothing against foreign name plates. The facts are facts, Japanese and German automakers build outsanding cars and no one should be told how or where to spend their money.

What I don't like is people not only passing on giving American cars a chance, but openly promoting their demise. It is almost like some people in this country are rooting for these American companies to go under. Yes, they have been at times poorly run and yes the union labor needs to get in line with market, but that does not mean you take joy in watching these people suffer. If you really think they have it good, take a trip to me to Detroit sometime. Things always look better on paper.

GM and Ford are now building great cars and the trend is up. They have very competitive products and have both gone global. They just need some help, no more than their competitors get from their citizens and government.

[The Tony Show]

They've reached a tentative deal. GM, Ford and Chrysler need to provide plans to show Congress how they will turn the companies around with the loans before it's officially voted on in December.

[CASEY122457]

Originally Posted by The Tony Show

They've reached a tentative deal. GM, Ford and Chrysler need to provide plans to show Congress how they will turn the companies around with the loans before it's officially voted on in December.

Showing Congress a plan does not mean it will be passed. UAW needs a dose of reality.