Buying CTS-V with GM 's Bankruptcy Potential?

[concorso]

Originally Posted by Jpjr

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.

The V2 and ZR1 are really insignicant, yup. Sad, but true. If cuting production of both cars would speed up the production of the Chevy Cruze, Id be all for it. GM needs smaller successful cars, not niche market cars.


But yes, I agree that perception has alot to do with it. GM has been making good cars again for 5+ years, but the public hasnt given them the chance to succeed again by buying cars. I havent nothing against people buying foreign cars, Ive bought a few myself. The problem I have is when they justify the purchase by saying the amercian equivalent is crap, when its often not. Right now alot of GM's vehicles are as good as anything else in the class.

[JEM]

GM has been building a number of exceptionally good vehicles, but not enough to support all their divisions and all their dealers. They pulled the plug on Oldsmobile; between Chevy and Cadillac you've got Buick, Pontiac, and Saturn where there's really room for one.

So what's a roadmap for a Chapter 11 filing? Especially when you've got an incoming Congress half of whom are in the UAW's pocket and the other half are crackpots like Henry Waxman?

[greer]

Ah timing, they say it is everything. So GM comes out with a great product the CTS-V which beats the Germans at there own game then the financial meltdown.

But something troubled me this week about the ceo's of the big three:

Are they kidding when they come to Washington hat in hand flying on private jets?

Thats like a college kid flying first class cross country asking his parents for a loan because he/she is broke.

This does not inspire confidence that leadership gets it, and maybe one of the mandates of a bailout should be that all new management be brought in.

I want the big 3 to make it, but when you look at their actions this week, I'm not so sure that it's possible.

[4.9 Guy]

Just spend your money wisely folks, if you can afford the new V, go for it. But if you're one to have champagne taste with beer income, I'd recommend you to keep your cash.

[xwing1]

I would CERTAINLY buy the beautiful CTSV-Coupe with 556hp motor when it came out, but now it is "delayed a year"...ugh.

I will therefore PROBABLY buy the CTS-V Sedan, but don't want the '4 door style' that much.

GM NEEDS to go bankrupt and re-emerge with a payscale for ALL its administration/employees that is on level with what the foreign car makers here in USA are doing. Otherwise we are throwing billions down a hole with no bottom.
GM will not "disappear" if they go through bankruptcy; they will re-emerge leaner, meaner and with a pay/pension situation that gives them a real chance of SUCCESS.

Our car companies CANNOT survive with average worker cost with benefits of over $75/hour, when foreign car companies here give $45/hour.
The Chrysler workers who get 95% of their pay when their plant CLOSES and they AREN'T working?!? I mean, [poop]...stop the INSANITY
The End.

[Jpjr]

Originally Posted by xwing1

GM NEEDS to go bankrupt and re-emerge with a payscale for ALL its administration/employees that is on level with what the foreign car makers here in USA are doing. Otherwise we are throwing billions down a hole with no bottom.
GM will not "disappear" if they go through bankruptcy; they will re-emerge leaner, meaner and with a pay/pension situation that gives them a real chance of SUCCESS.
.

This argument sounds great on paper. I'm sure someone made it to Delphi.

I don't see how GM will not be liquidated to foreign manufactuers if they declare BK. I love GM as much as anyone, but I would never consider buying a car from a bk manufacturer. That is like buying an extended warranty from Circuit City when you could go right down the street to Best Buy.

[GMBOUND]

see link in sig

[Sorentj]

I look at it the other way - get one while you still can. I gues Obama will ban fun cars like the CTS-V.

[vperl]

Guess loads of folks still have not figured it out.

The niche, or specialty cars as some call them can draw attention to the rest of their line up.
The Corvette & V series are here to stay for several more years, doubters can go fish.

Buy American steel.

[lemaman]

The way I see it is this: GM disbanded their High Performance V team after this year's CTS V. That instantly makes it collectible in a way. Parts should still be available as most are common to all CTS lines. I suspect resell value will remain high and these cars are perhaps the best GMC product investment one can make now. I, like the previous poster, don't see an American Icon being allowed to dry up and blow away and get swallowed by some foreign investors. We've been through worse. Hell, if Lee Iaccoca could resurrect Chrysler, then anything is possible!

[MReiland]

The engineers on the performace teams still work at GM and can be called upon at any time to do enhanced performance versions of GM vehicles. They didn't go and fire them, just took away their title as a specialty performance group.