Gawain 0 #1 July 11, 2009 GM broke records going through bankruptcy...40 days. Now emerged, 60% US Government Owned, 12% Canadian Government Owned, 20-ish% Union Owned, 10% Bondholder Owned...all for only $50B taxpayer dollars... The Camaro looks nice, but they won't get my business...So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
CMiller 1 #2 July 11, 2009 Quite happy with my Ford. Quote Share this post Link to post Share on other sites
rickjump1 0 #3 July 11, 2009 Never much of a Ford fan until now. If I buy American, it will be a Ford.Do your part for global warming: ban beans and hold all popcorn farts. Quote Share this post Link to post Share on other sites
skydiver30960 0 #4 July 11, 2009 They're pinning their future on the $40,000 Volt. Only GM... Elvisio "not for forty large" Rodriguez Quote Share this post Link to post Share on other sites
MakeItHappen 15 #5 July 11, 2009 QuoteGM broke records going through bankruptcy...40 days. Now emerged, 60% US Government Owned, 12% Canadian Government Owned, 20-ish% Union Owned, 10% Bondholder Owned...all for only $50B taxpayer dollars... The Camaro looks nice, but they won't get my business... I bought shares of GM on 6/1 - the day they went into bankruptcy. If I had sold the stock today I would have made 40% gain in just over a month. It's in one of my retirement accounts. So no real money for a few more years. I'm waiting for that time just before the government sells off its interest in GM to cash in. Should be around Sept/Oct. I think I will end up tripling-ish my investment gamble on the penny stock. As far as actual vehicles - I'll stick with Nissan. .. Make It Happen Parachute History DiveMaker Quote Share this post Link to post Share on other sites
nanook 1 #6 July 11, 2009 You definitely like the risk more than I do. You can never tell exactly the date when the company will declare the stock junk and IPO new shares. My brokerage co's transactions move too slowly for me to comfortably trade in the Pinks. Oh, and ford. My last vehicle I bought in 2003, A brand new F150 King Ranch 4X4, hasn't been taken in for any failures yet. It's like I had bought a Civic._____________________________ "The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln Quote Share this post Link to post Share on other sites
AggieDave 6 #7 July 11, 2009 If I was willing to spend the money, I would buy a Camero SS2 right now. That car is pure sex on wheels (to a car guy), but I'm not willing to spend my money on a new car right now. Although I was thinking about buying a 1984 GMC Vandura and painting it gray over black with a red strip dividing the two halves...maybe get some red turbine wheels...--"When I die, may I be surrounded by scattered chrome and burning gasoline." Quote Share this post Link to post Share on other sites
kallend 2,106 #8 July 11, 2009 I won't be buying another car for 5 years or so, so no. However, I wouldn't let political prejudice stand in the way of my choice.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Andy9o8 2 #9 July 11, 2009 There are no poll choices that apply to me, so I didn't vote. Anyhow, I probably would not buy a new GM. I think they put out a crap product compared to just about all of the major foreign competition. Since I like to keep my cars a long time, that's pretty much a deal-breaker for me. Quote Share this post Link to post Share on other sites
Gawain 0 #10 July 11, 2009 QuoteQuoteGM broke records going through bankruptcy...40 days. Now emerged, 60% US Government Owned, 12% Canadian Government Owned, 20-ish% Union Owned, 10% Bondholder Owned...all for only $50B taxpayer dollars... The Camaro looks nice, but they won't get my business... I bought shares of GM on 6/1 - the day they went into bankruptcy. If I had sold the stock today I would have made 40% gain in just over a month. It's in one of my retirement accounts. So no real money for a few more years. I'm waiting for that time just before the government sells off its interest in GM to cash in. Should be around Sept/Oct. I think I will end up tripling-ish my investment gamble on the penny stock. As far as actual vehicles - I'll stick with Nissan. . I thought GM was taken off the NYSE. What is the disposition of those shares now? They don't expect to bring the company "public" again until sometime next year. Edit to add: I also need to point out, that only Canada has pointed out an actual road map for selling of their interest. The US "loans" are due in 2015. Uncle Sam will have his hands in these pockets for quite a while.So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
Gawain 0 #11 July 11, 2009 Quote I won't be buying another car for 5 years or so, so no. However, I wouldn't let political prejudice stand in the way of my choice. Actually, GM didn't have my business before any of this stuff started going down, the government factor simply reinforces my previous position. So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
Lefty 0 #12 July 11, 2009 Heeeeell no. I only like to pay for a car once, thank you.Provoking a reaction isn't the same thing as saying something meaningful. -Calvin Quote Share this post Link to post Share on other sites
alge 0 #13 July 11, 2009 QuoteAs far as actual vehicles - I'll stick with Nissan. <3 my Nissan Sunny (pic attached). With 7.5 USD/gallon fuel prices I doubt I'll be buying American anytime soon. ^^ Quote Share this post Link to post Share on other sites
Andrewwhyte 1 #14 July 11, 2009 But the Federal government guarantees their warrantees! "Your car will be ready as soon as Transport Canada approves the repair sir." Uhm, no thanks. Quote Share this post Link to post Share on other sites
MakeItHappen 15 #15 July 11, 2009 QuoteI thought GM was taken off the NYSE. What is the disposition of those shares now? They don't expect to bring the company "public" again until sometime next year. Edit to add: I also need to point out, that only Canada has pointed out an actual road map for selling of their interest. The US "loans" are due in 2015. Uncle Sam will have his hands in these pockets for quite a while. GM is now GMGMQ.PK I suppose that's for General Motors Government Motors Quandary .. Make It Happen Parachute History DiveMaker Quote Share this post Link to post Share on other sites
TheAnvil 0 #16 July 11, 2009 My views on the GM theft...some would call it a bailout; I call it theft of funds from the Treasury...are pretty well known. I fucking hate it and think GWB should be charged with a violation of the misappropriation act for using TARP funds to effect it. However, a lot of folks are saying bad things about their products. I had a Chevy Cavalier I bought in 1998 and sold in 2008. I had over 375K on that car when I sold it. The Thunderduck, as I affectionately called it, only broke four times in that ten year period. One alternator, two cooling pumps, and one bad spark plug wire. Not too bad, I think, for the amount of miles I put on that sucker. I'd agree that their products as a general rule of thumb aren't as good, but they did produce some good ones. On the other hand, I had to rent a Dodge this past week - Dollar was out of Toyotas; I endeavor NEVER to even RENT fucking GM or Chrysler products now - and that was the worst vehicle I've ever driven. Below the PT cruiser even. If that's the quality they put out it's no wonder they got in the shape they did and raped the taxpayer with government collusion. Only a fucking idiot would buy such a vehicle - the parking lot at the DNC was probably full of them. In all likelihood the sun will be zero Kelvin before I even consider purchasing a GM or Chrysler product, though I would consider a Ford. Just thinking about the amount of taxpayer $$ spent on this waste sickens me. Clicky Compare it with the budgets of most departments. Or the NSF. Fucking disgusting! [barf] The whole lopsidedness of discretionary spending is disgusting anyway. Too DoD centric. Fucking non-discretionary is even more dis-fucking-gusting. [barf]Vinny the Anvil Post Traumatic Didn't Make The Lakers Syndrome is REAL JACKASS POWER!!!!!! Quote Share this post Link to post Share on other sites
nerdgirl 0 #17 July 11, 2009 Quote My last vehicle I bought in 2003, A brand new F150 King Ranch 4X4, hasn't been taken in for any failures yet. My last vehicle I bought in 1995. A brand new Ford Ranger (2WD), hasn’t been taken in for any failures yet. /Marg Act as if everything you do matters, while laughing at yourself for thinking anything you do matters. Tibetan Buddhist saying Quote Share this post Link to post Share on other sites
TheAnvil 0 #18 July 11, 2009 Better record than my old Chevy Thunderduck. How many miles do you have on that thing? Vinny the Anvil Post Traumatic Didn't Make The Lakers Syndrome is REAL JACKASS POWER!!!!!! Quote Share this post Link to post Share on other sites
TheAnvil 0 #19 July 11, 2009 Is that a green roof I see on the building behind your car? Vinny the Anvil Post Traumatic Didn't Make The Lakers Syndrome is REAL JACKASS POWER!!!!!! Quote Share this post Link to post Share on other sites
nerdgirl 0 #20 July 11, 2009 QuoteHow many miles do you have on that thing? >180k Act as if everything you do matters, while laughing at yourself for thinking anything you do matters. Tibetan Buddhist saying Quote Share this post Link to post Share on other sites
nanook 1 #21 July 11, 2009 QuoteI thought GM was taken off the NYSE. What is the disposition of those shares now? They don't expect to bring the company "public" again until sometime next year. Like any company that declared bankruptcy, it's stock is knocked off to the "pinks" or over-the-counter. It's almost guaranteed that they will be declared useless and GM will be relisted under new stocks. The original stocks never convert to the old ones. And they rarely, if ever, recover and get relisted. It's much easier if the company to declare them worthless and reissue new stocks under a new IPO. I'm pretty sure you may know this, but I know a lot of people who have it in their heads that if they buy the stocks now it will sooner or later go back to its original heights. And .60 a share to 30 dollars a share is an extreme multiplication of money that people are attracted to. This is not the "fire sale" of buying stocks like companies such as AXP. They don't realise the fact that a delisted stock never recovers. Delisting is an "event horizon" in the market._____________________________ "The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln Quote Share this post Link to post Share on other sites
nanook 1 #22 July 11, 2009 QuoteGM is now GMGMQ.PK I suppose that's for General Motors Government Motors Quandary GMGMQ.PK= GMGM(name of stock), Q (code for bankruptcy proceedings), .PK (traded on the Pink Sheets) The list of codes on the last letter of a stock symbol: Code: Meaning A: Class A. B: Class B. C: Exempt from Nasdaq listing requirements for a limited period of time. D: A new issue of an existing stock. (Often the result of a reverse split.) E: Delinquent in required filings with the SEC as determined by the NASD. F: Foreign. G: First Convertible Bond. H: Second Convertible Bond, same company. I: Third Convertible Bond, same company. J: Voting. K Non-voting. L: Miscellaneous situations such as foreign preferred, preferred when-issued, a second class of units, a third class of warrants, or a sixth class of preferred stock. M: Fourth preferred, same company. N: Third preferred, same company. O: Second preferred, same company. P: First preferred. Q: In bankruptcy proceedings. R: Rights. S: Beneficial interest. T: With warrants or with rights. U: Units. V: When-issued and when-distributed. W: Warrants. X: Mutual Fund. Y: ADR (American Depositary Receipts). Z: Miscellaneous situations such as a second class of warrants, a fifth class of preferred stock, a stub, a foreign preferred when-issued, or any unit, receipt, or certificate representing a limited partnership interest."_____________________________ "The trouble with quotes on the internet is that you can never know if they are genuine" - Abraham Lincoln Quote Share this post Link to post Share on other sites
TomAiello 26 #23 July 11, 2009 QuoteQuoteHow many miles do you have on that thing? >180k I'm still driving a 94 Mazda (it's the replated Ford Ranger) with about 260k miles. It's the 4wd, so it's had some issues related to that, but it's still chugging along, and worth well more to me than the couple hundred bucks or so in bluebook value.-- Tom Aiello Tom@SnakeRiverBASE.com SnakeRiverBASE.com Quote Share this post Link to post Share on other sites
matthewcline 0 #24 July 11, 2009 I just bought a Camry. MattAn Instructors first concern is student safety. So, start being safe, first!!! Quote Share this post Link to post Share on other sites
Gawain 0 #25 July 11, 2009 QuoteI just bought a Camry. Matt Which did you replace? The Malibu or the Avalanche?So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
