Is General Motors about to crash?

Types of AC Motors

How Does a Motor Work?

What Is a Stepper Motor?

General Motors Stock Information

About DC Motor Theory

Basics of AC Electric Motors

How to Choose an Electric Car Motor: Part 2 Video

Where to Buy a Used Outboard Motor Online

Search for Answers

Browse Members

The last question was answered in just

minute Let our thousands of members help!

General Motors

Question:
	Is General Motors about to crash? By keithold thanks all baggers Asked May 28 2009 1:06PM	33 Pts Rate Question

Answer Question

Help someone!
Get the latest questions in General Motors

Welcome to Answerbag, a community of people sharing what they know.
Sign up now to ask a question or help someone else by giving an answer!

Sort answers by: Rating | Date Arrow Down

Top Answer out of 8

by Anonymous on May 28, 2009 at 10:57 pm Permalink

It is worse than a crash..it's a double crash.

1) if it is stabalized with tax dollars, it will be a huge tax burden to tax payers

and

2) to stock and bond holders, the stock will not have growth potential because the government I think just announced that it is to own 72% of GM..and dont look for the government that just infuse money into GM before letting it file bankruptcy and stands ready to push more money in when they should have let them file for bankruptcy restructuring THEN put the first batch of relief funds into GM..dont look for that government to EVER make a profit. GM and Chrysler are now and forever "The Union Peoples Company".. never again to be a profit center, but a non-profit cafeteria.

This is unprecedented. GM doesnt even qualify as an investment of any kind any more. The airlines file for bankruptcy, restructed and re-risen and have endured. Why not let GM have that same chance?

Pts

Rate Answer

Comments

MG1942 Has a Life Penguin May, 28 2009 at 11:01 PM

Excellent answer. Couldn't agree more. +6 wish I could give more.

keithold thanks all baggers May, 28 2009 at 11:06 PM

Thanks givemeananswer and welcome to Answerbag. I hope that you like it here and decide to stay.

slim76 May, 31 2009 at 03:29 PM

The government loves to play God.

Answer 2 out of 8

by sprky777 on May 28, 2009 at 2:25 pm Permalink

like turning right in the indy 500!

Pts

Rate Answer

Comments

keithold thanks all baggers May, 28 2009 at 10:52 PM

Thanks sprky777.

Answer 3 out of 8

by jazzlady1028 on May 28, 2009 at 2:24 pm Permalink

Yes, looks like it - please see this link: http://business.theage.com.au/.../...0090528-bp0z.html

A shame! As a child, I was always told by my late dad, who taught me about stocks/the stock market (for better or worse, ha ha), that "Generoo Motoos" (as I called it when I was about three years old!) was one of the best companies to own. I'll never forget that, back in the late 1950's, and I think of how my dad would be deeply saddened if he knew/heard about this - but, alas, it's another "sign of the times."

Pts

Rate Answer

Comments

keithold thanks all baggers May, 28 2009 at 10:53 PM

Indeed it is, Jazzlady, unfortunately.

Anonymous May, 28 2009 at 10:55 PM

jazzlady1028 Jun, 01 2009 at 06:55 PM

As they say on Nightline - it's "a sign of the times." Sad that it REALLY did go into bankruptcy - "for reals," wow. Hopefully it will emerge a stronger, more Do you think it should now be called "Obama Motors"? That is pretty bizarre - can you have imagined "Bush Motors"? At least "Obama Motors" has more of a "ring" to it, ha ha. Ah, well (sigh)!! Time to go home and have a nice burger or something, and forget about this for right now - tho' I DO have Ford stock and it is recovering nicely, so there may be a small silver lining here at least for me. (:-I)

Answer 4 out of 8

by Ice man on May 28, 2009 at 2:19 pm Permalink

Just about as sure as North Korea is spoiling for a fight.

Pts

Rate Answer

Comments

keithold thanks all baggers May, 28 2009 at 02:22 PM

Seems so, Ice man.

Answer 5 out of 8

by krsnaknows on May 28, 2009 at 11:04 pm Permalink

No.The industry is going through an uphevael so we have to give everyone a chance to survive.If GM collapses it would mean a lot of problems to everyone.In Europe,They have asked for another 475 million so as not to shut Opel, otherwise they will have to sell and there are only two buyers! So any which way someone has to fund them!Though the Indian economy is very steady, the Indians will not buy for sometime till governments abroad think that they are friendly buyers!

Pts

Rate Answer

Comments

keithold thanks all baggers May, 28 2009 at 11:05 PM

Thanks krsna for a detailed answer.

Answer 6 out of 8

by Tinjon on May 28, 2009 at 10:52 pm Permalink

Maybe, I live close to a General Motors plant In Arlington,Tx and I have heard that that more than 2000 employees have been layed off.

Pts

Rate Answer

Comments

keithold thanks all baggers May, 28 2009 at 11:07 PM

Thanks Rollerz. It must be sad for those employees and their families.

Answer 7 out of 8

by machinerat on May 28, 2009 at 10:47 pm Permalink

SELL YOUR G.M. STOCKS NOW!

Better to be at a loss rather than to be stuck with worthless shares after the bankruptcy.

Pts

Rate Answer

Comments

keithold thanks all baggers May, 28 2009 at 10:52 PM

Thanks Machinerat for the advice.

Answer 8 out of 8

by malevolentbutticklis on May 28, 2009 at 1:08 pm Permalink

We have been watching a slow motion crash unfold for some time now.

Pts

Rate Answer