GM lies about how bad things are, just like any other company facing the possibility of bankruptcy.
My guess is that they will end up Ch 11 or a government-managed bailout that is essentially the same thing.
The big questions are:
How will that effect the quality and features for the remainder of the C6 run, and
Would I want to buy an orphan Corvette. ie, GM stops making them.
Nobody thought that Pan American would ever go out of business...
GM lies about how bad things are, just like any other company facing the possibility of bankruptcy.
My guess is that they will end up Ch 11 or a government-managed bailout that is essentially the same thing.
The big questions are:
How will that effect the quality and features for the remainder of the C6 run, and
Would I want to buy an orphan Corvette. ie, GM stops making them.
Nobody thought that Pan American would ever go out of business...
You make a very good argument. I don't like the prospect of not having a 'new' model corvette, but I sure as hell don't like the idea that the Corvette may or may not makes it to and if beyond 2013. But I always worry when dealing with a company like GM. They are hugely bureaucratic and top heavy. If you were to read James Schefters book "All corvettes are red" it's easy to see that these people who make decisions about the corvette can make it a platform outdated and too expensive and needs to be ended. These same folks take years just to agree on what size bolts hold the hood on. and I can only assume that if it comes down to the bottom line on the Corvette they might just look the other way.
The bean counters there don't have a clue. They paid 2 Billion dollars so they would NOT have to buy Fiat. Ironically it is the smaller Fiat models that might have saved them now.
Look on the bright side; more years of production for the ZR1...
I would have never expected the Corvette to be so closely behind the Viper in that respect.
But our car makers have no future with the current import/export bias and labor agreements. So unless the government plans to bail them out forever, they may die completely.
I heard a news broadcast recently that GM & Chrysler were in negoiations. Wonder How that will effect Corvette & Viper if they do become one corporation?
Great news! My 05 could possibly be nine years old and still look brand new! Talk about bang-for-the buck.
no doubt but still not a good sign, it may look new but if the economy continues to dwindle I think alot of use will have vettes not nearly worth what our loans are for
QUOTE=Vette junkie;1567565070]Great news! My 05 could possibly be nine years old and still look brand new! Talk about bang-for-the buck.[/quote]
yeah and with all the body kit conversions you can make it a C7 when it finally is built or you could go back in time and make it a 62 corvette . www.crcoachworks.com
Corvette Store
It's Official: C7 Corvette shelved indefinitely by GM. Source: Autoweek
... good point! 
