[Jimmy Valentine]

GM needs to file a Chapter 11 bankruptcy and re-organize. This includes new contract negotiations and possibly a break up into separate parts.

Obama and his magic fairies need to keep their hands off and let established law and market forces work.

[ballplayer]

With the Plummeting stock Price How Many Billions are the Tax Payers in the Hole Now?

[ballplayer]

With the Plummeting stock Price How Many Billions are the Tax Payers in the Hole Now?

[caver]

Last week I heard some GM commercial boasting about having their best year ever. GM has learned to tell whoppers just like their boss Barry.

[Pollster1]

“Government Motors” is a symbol of the administration’s perceived failures.

GM is a symbol of the massive corruption and crony capitalism that may destroy America as a free country, and for that reason many patriotic Americans are boycotting that entity forever. I hope GM dies a well-deserved death soon as the natural consequence of their "bankruptcy" violating common law, bankruptcy law, contract law, and human decency. That company is dead to me, and I am glad so much of their product line is such crap that few people want to buy from them.

[Venturer]

Just another Chinese company folding up.

http://www.youtube.com/watch?v=Lvl5Gan69Wo

[bmwcyle]

To all the Freepers who keep saying GM is doing well. They are phony numbers. GM is tanking.

[Erik Latranyi]

Obama did not think Chrysler was worth saving, so he bailed out the UAW and basically gave the company to Fiat.

Chrysler got private financing to pay off the gov’t loans (that had interest rates over 20% that most politicians would call abusive).

Now, the company is profitable, has two full years of increasing sales and is working to get out from the UAW VEBA.

[Tainan]

And no mention of General Motors signs $750 million Manchester United deal after marketing chief ouster
"On Monday, GM, the biggest United States (US) automaker, announced its Chevrolet brand would sponsor the hugely popular
club's shirts for the next seven years. The deal is worth US$60 million (S$75 million) to US$70 million a year and
includes a US$100 million activation fee that brings the total value to as much as US$600 million, said a person with
knowledge of the contract who asked not to be identified."


That starts to add up to real money after a while.

[Ouderkirk]

see this one too.

GM is in real trouble.

[smaug6]

One of my wife’s uncles owned some GM stock. After their most recent BR a stock broker called him and asked if he would like to buy some more after they re-organized. He told the guy he had some stock he would like to sell to him.

[762X51]

Complicating matters, GM’s recent problems have been magnified by its unintended and unwanted role in the 2012 presidential campaign

Beware Mulattoes bearing gifts!

[Adder]

huh...NPR this morning said GM sales SOARED on the strength of Malibu and the VOLT.

I almost wrecked the car,,,,But i do want what they are smokin....

[my small voice]

GM needs to distance themselves from this bastard. I will NEVER buy a car that has anything to do with them until, they do. Even then, probably a long shot. Ford for me. GM can go bust. Sorry...

[cookcounty]

"Though it was the former Republican President George W. Bush who launched the bailout of the struggling maker -- and rival Chrysler -- in late 2008, it was his successor, President Barack Obama, who took that effort to the next, far more costly level. "

Is that accurate? Didn't Obama ask Bush to give him a running start on this and approve what he (Obama) wanted and not make him wait until the inaugural? Not that Bush should have acceded, but it was Obama that was pushing this, it was not Bush's idea, IIRC.