[jpark]

http://news.yahoo.com/s/ap/20090305/ap_ ... ual_report

 

[Charles]

The really scary thing is that GM's stock closed this afternoon at $1.86 per share. In other words, one share of GM will cost you a gallon of gas!!!!!!!!!!!!!!!!!!!

:shock: :shock: :shock:

For what its worth, Ford closed at $1.82 per share.

What is this country coming to???????????? :shrug:

 

[Squishy]

I can't say I'm surprised. Hopefully the GM brand and most of its marques survive, no matter who ends up running the company.

 

[jonas1022]

All those dollars that they paid to Fiat to get out of their partnership deal are starting to look pretty good now. :bang: To think they just handed over an incredible amount of money to the Italians to get away from them :spank: . And now, Chrysler is going to benefit from the monies spent on Fiat by GM :wacko: . Nevermind that the new Ford mini is based on the new Fiat 500. :rockon:

 

[Spark757]

Dang, if I was more sure about GM or Ford's future, I'd tell my dad to run out and buy a bunch of their stock :lol:

 

[Squishy]

Ford looks like it'll be fine.

I just read that in the 1990s, Chrysler was the most efficient and most profitable (per vehicle) carmaker in the world. A huge difference from what it is now - the runt of the Big Three.

 

[Spark757]

I've never had good perceptions of Chrysler. And from what I hear, they're going to fade out Jeep?

 

[stone]

Fascinating. Will be interesting to see, what the american bosses decide, for the australian division of GM which is HOLDEN. The sth.australian assembly plant is located in a northern plains suburb. This place is known as ' Elizabeth'. The holden factory, has gone through severe restructuring. Plus they retrenched a lot of people.

There has not been much on the media ,about this ' HOLDEN ' factory in elizabeth. At the moment they are producing a small car. It appears this new model, is meant to help the firm get out of a tight spot. From what i comprehend it is a four cylinder. I would like to hazard a guess. In the event GM declares bankruptcy, can imagine this will drastically effect, the South australian ' Holden ' car assembly workers.

The bosses in japan, decided to close down the former ' MITSUBISHI ' factory in " Tonsley Park " Adelaide.

 

[Scooter Scott]

Why the hell would they fade out jeep?

 

[Squishy]

I think they were thinking of selling it - can't remember to whom. Hyundai? Renault-Nissan?