GM Going Bankrupt...

I wonder how it will effect Cadillac owners in general. GM has come a long way but maybe it's too little, too late.. Maybe we'll see a Toyota label instead of a GM label on our cars one day.. Cadillac. A luxury division of Toyota..

This is a pretty important subject. I'm moving it to the lounge where all of us concerned Cadillac owners and enthusiasts can comment on it...

Wow, not good news. It has been coming though hasn't it? It's looking like tough times for more than just a few. I know I've been looking very closely at my own spending habits and financial situation and I am making some drastic changes for the better I hope.

No more buying on credit. If I can't pay cash, I cant afford it. I'm trying to incorporate this standard into my business as well. It's really tough to do though, when your customers don't pay on time or at all.

Back to GM, I really hope they can turn things around, what's America without Chevrolet?!

"It's as American as Chimichangas and Toyota..."

It just doesn't roll off the tongue as well, you know?

I was wondering when this would surface here. The news is really REALLY bad. They need fuel cells to bail them out, but they could end up lacking the cash reserves to bring that to market.

I'm not optimistic.

The government will not and cannot let GM file for bankruptcy in the manner many of us are probably tinking. The government sure wouldn't have let Chrysler go under in the 80s, and they sure as hell will keep GM alive as long as possible. GM is just paying the price for years of corporate ignorance. Assuming people will love to buy their wonderful SUV's and light trucks is arrogant. Who cares if gas prices are dropping again. Trends are changing. Time to face the music, GM.

On the positive and ever hopefull side, this may be a good time to buy GM stock cheap and make some money when the ship turns around! :suspense:

:suspect: Boy! Talk about speculation.......WHAT AM I THINKING?! :helpless:

As we have feared this current trend has hit home. From years of complacency to a late start in responding to current public auto buying trends has taken a toll on GM. I can only hope that the government decides to do as 90Brougham suggested and bring GM back from the brink. This is going to have a huge impact on America. Wage cuts, pension cuts are just the start of things. If this goes on to the point of no return it will affect parts availability, warranty coverage and a whole multitude of other things. I can only hope that GM can be rescued, because as Kev said Toyota and Chimichangas just doesn't sound right. Hopefully we won't see a Toyota Cadillac division ever. That would be equal to treason.

This will be a good thing for them as far as unions are concerned. While under bankruptcy protection they can do even better than this last go around with the union negotiations. All those past and current workers better be ready to tighten their belts or risk having nothing at all. GM was far too generous in the "old world" and now it has become very expensive.

I wish them all the best but they simply must make cars people want to buy.

If GM went under and Toyota took over, there would be no worries about parts availability. And who knows? We may even get better customer service... THAT is looking on the bright side.

So if GM gets even closer to bankruptsy, will all of the models be like 20 bucks?... Now THAT's looking on the bright side... kinda...

Administrator said:

If GM went under and Toyota took over, there would be no worries about parts availability. And who knows? We may even get better customer service... THAT is looking on the bright side.

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True but they would say: toyota motor car division instead of Cadillac.

Wait. They could still be called Cadillac - just like Lexus. Lexus is owned by the Toyota Motor Division... I'm a Cadillac enthusiast and I'd like to see Cadillac live forever. I'm not quite sure I care who owns them...

Administrator said:

Wait. They could still be called Cadillac - just like Lexus. Lexus is owned by the Toyota Motor Division... I'm a Cadillac enthusiast and I'd like to see Cadillac live forever. I'm not quite sure I care who owns them...

Click to expand...

True but it just wouldn't sit right at first. Hopefully something will be done before it comes to that point. While there are some Lexus cars I like it just wouldn't be the same.

To be honest I wouldn't worry too much.

Ford bought out Aston Martin and Jaguar but they're still very much Brittish cars, and if Toyota took over Cadillac I'm sure they'd still very much be american cars.

They won't disappear off the face of the earth, but to be hnest, I think something serious WILL happen because GM make such stupid decisions with regards product direction. They've done it a lot in the past and will again until it kills them.

Being an old Oakland Homeboy I liken it to the Raiders moving to LA, they were infamously dubbed the LA Traitors by many previously loyal fans, then they moved back to Oakland and the folks in LA got a bit tweaked. It's never been quit the same for them in the loyalty department. I fear it might be the same with GM.

Even if the move happens and it turns out in the long run to be an improvement, there's just something about that kind of change that sits uneasy with a lot of people.

GM is just plain making the wrong competitive decisions. It would probably be good for them to be bought out by another company, but then there will be less progress with improvments in design because of there being less competition. The competition is what influences companies like that to build better. GM is just falling behind. I've said this before, The automotive world is evolving, and if GM can't keep up, they will become obsolete.

Well, with so many people buying foreign cars these days, it just may end up better for Cadillac sales if Toyota DID take over. I mean, if Cadillac can still sell cars while owned by a company that gets no respect, imagine otherwise...

That's pretty interesting.. The Toyota Cavalier. Well, I wouldn't worry too much about ever seeing a Toyota STS or Toyota Escalade.. I think Toyota is smart enough to know they can't rename an American company with so much history to Toyota and expect us to be okay with it. That would be the one way to make hardly enough sales to be worth bothering...