60av8tor

"Using exsiting legal structure ( bankruptcy)........."
At least my warranty will be good.

What was that about it being a good time to buy a 'Vette ?
This is about to git ugly.....

calmtgguy

http://online.wsj.com/article/SB1238...googlenews_wsj

Road Rage

Wow. I can see it now.
"Yes, Mr. Obama sir, I would like to submit this failure under my warranty"

Sorry Mr. Road Rage, you should've bought an ugly hybrid.

mgtr

I would guess that if you want a Corvette which in anyway resembles what we think a Corvette should be, now is the time to jump. I would also guess that we have seen the last ZR1 (may be replaced by a souped-up Aveo!) Why am I laughing? I must be nuts!

Windward08

This is not good at all. The Government running GM.

Get ready for more CAFE and green.

Oh, and the unions have no blame or concessions. Basically this is payback for the votes.

Road Rage

Wonder how long until GM is totally out of auto racing.

GM Government Motors

TBIRD57

must be so much more important....gov. seems a lot more strident with
auto industry than financials.

going to be really difficult to justify the corvette with the new guy. he's a bean-counter.

viper is dead.

Rule292

Good time to buy all of your GMPP stuff now.

Regardless of how small of a part motorsports are, the folks calling the shots are not race fans. Racing is a blue collar sport, and very homogenous (opposite of diverse?). And environmentalists HATE racing and offroad vehicles.

Good time to buy a Vette. As we were discussing today, there was at least a 20+ year hiatus between 1972 (the end of the "real" performance era) and 1990's,when HP began to come back big time.

STEVE MC

Glad I have mine. She ain't goin' nowhere

stabori

So lets see, Give the financials hundreds of billions and then lets kill off manufacturing.

Way to go.


I hope someone with some sense steps up and takes command.

Well, I guess the majority of America is getting what they wanted when they voted. Its just upsetting. culling of the herd.

Vette Suspension

Let us all hope in 2 years, and again in 4 years that America has learned this expansion into socialism is not a good thing.

johnodrake

I'm with you my brother!

C6Tim

With or without all the US automakers problems the writing has been on the wall for a long time concerning HP and CAFE standards. I don't think I'm going too far out on a limb by predicting that we will not see anymore HP increases. Big V8+ cars that run on fossil fuel are either going to be outlawed by tougher CAFE standards or forced into extinction through public pressure to go green.

For good and bad, it's a new world. Times continue to change and we adapt. Eventually we will be comparing cars by voltage I guess. We will be able to buy aftermarket bolt on mods to bump our wattage output. Probably will need to buy a CD of "old" recordings of combustion engine exhaust sounds to play while you are "buzzing" down the highway in your 400V Vette.

60av8tor

I'm one of them.
I sure wish, though, that someone could intelligently discuss why the banks get so much more for so much less in the way of accountablility.
Double standards suck, I don't care WHO you are.

george vee

Wake me up, DOROTHY. Time to get out of OZ....

maxp

yeah, GM has done such a good job

dvilin

As the saying goes it is not over until the fat lady sings, but you can hear her warming up in the background.

The Clevite Kid

The first Corvette I really really coveted was the 1967 427. Did not buy it at the time. The second Corvette I really really coveted was the C6 convertible, so I bought it, and I am KEEPING it ! ! ! !

( and I am keeping the truck, too.)

FuRy117

The Obama Administration will not allow these companies to fail but it has lit a fire under GM/Chrysler and its counter-parties. It's good to see them guaranteeing the warranties in the event that the "nuclear option" of pre-packaged bankruptcy is needed.

First off, recent "bonus outrage" has shifted the political landscape and put the upper level managers in the crosshairs. The double standard exists because the financial sector has been the engine that has driven our credit-based economy for the past 8 years. Even with the implosion of the "growth" they helped create their influence remains strong. Secondly, a stable and prosperous financial sector is still critical to our short term recovery/long term growth.

However, in the short term I think it would be disastorous to allow GM to fail and in the long term having a domestic auto industry is vital to our forming workable policies on achieving energy reform.

stabori

There is just so much under the table deals that go on. Look at AIG, they shouldnt be on the ticker anymore at the prices they are at. Plus look at the other stocks that are now under 3 bucks and by legal agreement have to be dropped by mutual funds. None of this has happened.

I guess the automakers should have given more to this campaign. Talk about losing your shirt when you vote on the wrong team.