• GM Restucture/Bankruptcy
  • GM Restucture/Bankruptcy
  • GM Restucture/Bankruptcy
  • GM Restucture/Bankruptcy

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  1. #1
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    Default GM Restucture/Bankruptcy

    With all the news and speculation about a pending GM restucture or bankruptcy, there has been a lot of talk about which brands GM may or may not hold on to. What I haven't heard is: What product lines within the brands that GM keeps, will kept? My obvious interest is even if GM keeps Chevy, will the corevtte continue to be in its product offering (among others)?

    It will be interesting to hear your opinions and any information you may be able to pass on.

    Thanks,
    Dave

  2. #2
    Member killain's Avatar
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    I too, am interested in this issue. What models are going to be kept and which are rejected ? This is only my own opinion, but I would think that GM/Chevy would keep the Corvette. First off it is a model that sells itself, plus the racing component is a great marketing tool, and if what I read in the book, "All corvettes are Red" the corvette is basically cheap to build. I believe I read that the C-5 cost about 250 million from paper to a built car. So I would think that a 'New' GM would want to keep a market tool like the Corvette !

  3. #3
    Technical Writer for Internet & Print Media
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    I think Corvette future depends a lot on what form GM will take.

    If GM goes BK, splits into a "good" and "bad" GM (with the good being Chevrolet and Cadillac) only takes Government loans and ultimately pays back the government, then it's possible that Corvette may continue in some form we are familiar with.

    If GM ends up exchanging debt (the government loans) for equity (shares of stock) and the United States taxpayers take a big stake in the company, it's hard to imagine GM being managed more out of political expediancy than good business sense. Washington is, for the most part, anti-automobile. With that mentality, you can bet that if the Corvette continues as a GM brand, the form it takes might be quite different than it is now...perhaps the brand will be affixed to some, smaller, government-approved, two-seat vehicle.

    Another issue to consider is will the "traditional" Corvette customer want to buy a car which is made by a company that is, basically, a GSE, propped up with taxpayer money and in existence to support the United Auto Workers?

    I'll add a comment about the Corvette "selling itself". That is true in a good economy, but not currently. Recently, I heard there are 8000+ Corvettes available for sale in the U.S. right now and some of them are 08s and a few are even 07s.

  4. #4
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    Whatever the outcome I only hope it does not led to what we saw in the late 70's and through the 80's where the car companies lost direction and pride and put out lots of garbage automobiles. It seams that whenever a market makes a drastic change' like we are in now, it takes the car companies several years to regroup and start producing a good product again. I only hope the Corvette remains in the Chevrolet line up, there has been a lot of good technology developed through the years in the racing program.

  5. #5
    Member jrose7004's Avatar
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    Quote Originally Posted by zagger View Post
    Whatever the outcome I only hope it does not led to what we saw in the late 70's and through the 80's where the car companies lost direction and pride and put out lots of garbage automobiles. It seams that whenever a market makes a drastic change' like we are in now, it takes the car companies several years to regroup and start producing a good product again. I only hope the Corvette remains in the Chevrolet line up, there has been a lot of good technology developed through the years in the racing program.
    If the Federal Government is going to run GM, how can they put out anything but bland crap for automobiles?

  6. #6
    Gone but not forgotten Remo's Avatar
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    Default A B**ch On Wheels

    If the Government gets involved with running GM prepare yourself for the
    Corvette Z0-Pelosi designed by a congessional committee.
    Remo


  7. #7
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    Remo, cut that out .... you scared the hell out of me!!!

  8. #8
    Member gmc_kurt@yahoo.com's Avatar
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    Default gm will keep 5 brands

    they will keep cadallac, buick, chevy, and gmc.. pontiac will be a special order brand. gm is running two programs right now, they are looking and planning a short term bankruptcy, and they are looking at slashing workers hours, pay, and benifits.(which they anounced yesterday that they are cutting 9 weeks of production on almost all of its plants).gm does not want bankruptcy because even though it will break the unions back, it will also kill delphi, and customers faith in gm.gm will keep the bowling plant and make vetts, cadallac roadsters, and the hard top solstice.here is some very interesting news that has came across my desk. gm is building two plants in china, that will be building buicks and gmc.is gm looking to outsource its building of cars?

  9. #9
    GM Restucture/Bankruptcy lt4 gs's Avatar
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    Quote Originally Posted by gmc_kurt@yahoo.com View Post
    they will keep cadallac, buick, chevy, and gmc.. pontiac will be a special order brand. gm is running two programs right now, they are looking and planning a short term bankruptcy, and they are looking at slashing workers hours, pay, and benifits.(which they anounced yesterday that they are cutting 9 weeks of production on almost all of its plants).gm does not want bankruptcy because even though it will break the unions back, it will also kill delphi, and customers faith in gm.gm will keep the bowling plant and make vetts, cadallac roadsters, and the hard top solstice.here is some very interesting news that has came across my desk. gm is building two plants in china, that will be building buicks and gmc.is gm looking to outsource its building of cars?
    so...how is it i heard on fox........less than a week ago that the XLR.......production will cease immediately?

  10. #10
    GM Restucture/Bankruptcy lt4 gs's Avatar
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    Default

    Quote Originally Posted by Remo View Post
    If the Government gets involved with running GM prepare yourself for the
    Corvette Z0-Pelosi designed by a congessional committee.
    Remo

    i saw the book on leno last night.......amazon.com no longer sells "eyes wide open"

  11. #11
    Member njlouc's Avatar
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    IF this is true - which probably is since it makes sense, my prediction will come true.... that the US taxpayer is giving GM billions with no strings attached so they can build cars in China. I mentioned this to a friend and he said so what as long as they make money. Its always the money thing. Jobs are going ovreseas leaving us vulnerable for soical and military disasters. The Chinese will thank us for giving them the rope to hang us.
    In the 80's it was said that US industry will consist of being a warehouse for Japanese goods, now the US will be a warehouse for Chinese goods. We save a few pennies short term while building up our enemies production facilities - which are also suited for war production. Do you really think that China will be doing Buicks for too many years???

  12. #12
    Member njlouc's Avatar
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    Default

    This is the next gen. Buick

  13. #13
    Danger731
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    Default

    Very true, helping them build state of the art production plants, scary

  14. #14
    jr3
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    Default

    Quote Originally Posted by Remo View Post
    If the Government gets involved with running GM prepare yourself for the
    Corvette Z0-Pelosi designed by a congessional committee.
    Remo

    The wicked witch of D.C.

    She is helping run this country in the ground. She is one of the biggest wasters of tax payer money in the entire govt. She acts like she's the president with all her demands, perks, pork, and back room dealings. She's giving $30 Million dollars of tax payer money to a mouse in California. How does this help all the american workers losing their jobs??? She and her cronies are using all these bailout and stimulus programs to fund all their pet projects they've wanted for the past 20 years.

    She know's nothing about the auto industry. It will be a bigger mess than it is now if she gets involved.

  15. #15
    Member Mr. Lucky's Avatar
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    Default

    Quote Originally Posted by gmc_kurt@yahoo.com View Post
    they will keep cadallac, buick, chevy, and gmc.. pontiac will be a special order brand. gm is running two programs right now, they are looking and planning a short term bankruptcy, and they are looking at slashing workers hours, pay, and benifits.(which they anounced yesterday that they are cutting 9 weeks of production on almost all of its plants).
    According to the news report I heard tonight on my way home, Bowling Geen is still viable (or GM want it to be). It will only be shut down 1 extra week (total, 3), versus the 9 that most other plants will see. Someone is buying those vettes and XLRs (and God bless 'em, whoever they are!).
    óBob
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    Need a place to host your Corvette website?
    Contact me for special CAC member discount.
    http://www.TheWholeInternet.net

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