The marketplace at work. GM will be bankrupt again by the year 2020, or sooner.

Obviously GuvMo is suffering from the same problem that has plagued our public Skool system for decades.
They are simply underfunded...
BOHICA

Just before Christmas I got a new company car, a GMC Terrain and it is a pile. It´s already been back to the dealer twice and needs to go again. Also, it´s all full of wisbang electronic trickery that is very, very annoying which has gone haywire twice, by the way. And I was gone for a weeks vacation in this time as well! I´ve put like 600 miles on the thing.

It will become increasingly worse over the next 4 years, thanks to Obama and the Democrats.

And there are few dealers to sell the Government Motors cars. Remember all the dealers that Obama shut down.

´Be a cold day in hell before I ever bought a car from these thugs and slugs...

And yet the enemy media neglects to report these facts. A pox on "Obama Motors" and the union that runs "it."

Goobernment Motors is the quintessential communist experiment. Unlike other Fascist Obambi regulations (goobernment control of price, profit, product, production and personnel while allowing private ownership), Goobernment Motors is a goobernment entity. The goobernment owns Goobernment Motors and thus the goobernment can operate it not to make a profit but to maintain a political need. In this case the need was to appease the Unions. The products produce do not have to meet a market demand and don’t have to even be sold. All that matters is the goobernment has unlimited money from taxpayers to support a ‘works’ program that benefits the goobernment, not the people.

In my opinion, the GM collapse was closely tied to the housing bubble.

Those with ninja loans were quick to pull out equity on the refi and run out and buy Escalade, etc.

Don´t believe me? Drive by a apartment complex and be amazed at the number of upmarket 5 and 6 year old cars.

in 5 years only small sections of GM will be in business, corvette, some buick, some cadilac and that´s about it, expect the rest to go the way of pontiac & olds.
and more UAW will be on unemployment.

Having been screwed by Obama in his take-over and giving the union other peoples money, including mine, I will never buy a GM product again. I owned a lot of them in the past.

When my GM dies it will be replaced with a Honda. My children also share the same disgust with ObamaMotors and have purchased something else. Smart kids.

GM and Chrysler are offering longterm leases on their products at ridiculously low monthly payments. I guess this allows them to show sales on the books, but most of those leases are not actually good paper.

When I was growing up, my family bought nothing but GM cars. My parents owned GM stock. As a young adult, I continued the family tradition, but after three GM cars developed serious problems at 60,000 miles, I gave up and started buying German cars - they´re better built and they´re fun to drive. I also convinced my parents to sell their GM stock before the gov´t bailout.

Every car I have ever purchased has been German, Japanese or British. The first car I bought was a Triumph Spitfire - it was a bear to maintain but it was a blast to drive. Don´t see any reason to change my habits in the future.

I was a proud Saturn owner - I bought 3 Saturns (1997, 2002, 2005). When I had to replace two Saturns this year, I bought a Ford Escape and a Volkswagon Jetta. Two fabulous cars...neither of them bailout vehicles. GM is a lost soul of a company. It is nothing but a campaign vehicle for Democrats. I got sick and tired of hearing at the Democrat convention in 2012 about GM, the UAW, and Ohio.

I currently own a GM car that I´ve had for 12yrs. It still runs good and has been OK for all these yrs. When it finally gives up the ghost, I´ll get another, but it will NOT be a GM or Chrysler product. Probably do like my son. He just traded in his Chevy in for a Honda. Smart young man. And Honda happens to have the highest re-sale value of just about anyone in the family auto class.

And it will get much worse. No one I know will touch a GM product, and rightly so!

There is no circumstances under which I would buy anything made by GM.

What #6 said, times hundreds of thousands of people who vowed NEVER to buy any GM product.

Goodbye GM. Hello, Nissan and Ford.

I actually owned a splendid Corvair Monza. Then a couple of Olds. A nasty Saturn. Will never ever buy a GM product. Driving a Ford Focus. Great service. Nice zippy car. Everytime I see a new GM car on the road I wonder if the owner knows he/she owns the company. Pfft on this one too.

I spent most of my adult life in Grosse Pointe, Michigan observing the auto industry.
The criminal collusion between the auto industry boards,
executives and the unions made the failures we have seen inevitable. Government interference put the nail in the coffin. Go back and research the usual suspects in government and lee coca´s involvement with ill advised socialist bailouts.
Only Ford survived because of Henry the Duce and some tough decisions by its planners.
Chrysler and GM will never be viable companies.

Being a Liberal progressive Democrat means you pick your own timelines for historical data. So, for GM life began in 2009 when they were nationalized, and ta da, 2012 best year eva!

I´ve had 4 Saturns and loved them all, #17. Between murdering the Saturn brand and its generally lousy long-term and ongoing management, GM will never see another dime from me.

A friend of mine who works for GM was looking forward to a big raise and a record bonus this year. He, personally, won´t be getting them for disciplinary reasons, but still expects that the company will be giving them.

GM will be gone in 4 years or less. They have a six-month supply of everything except SUV´s and trucks. GM quit making the Volt - no one will buy them and besides that, selling a car for $40,000 that costs $60,000 to make is a bad business model.

The proper move would have been bankruptcy which voided all ridiculous, unsustainable UAW contracts. A new company could have been assembled from the wreckage.

When I saw the headline on this GM story,
I was reminded of George Bush´s quote...

"San Andreas is not my fault."

And neither is this.
Mitt was right...
bankruptcy for GM would have been better,
as noted by a previous poster.

What does it matter? How can they lose with their hands deep into the tax payer´s pockets? Does anyone really think Øbama and the Democrats, perfect slaves to the unions, will ever let GM sink? Market place means nothing to GM anymore. they could sell one car a year, made of adobe bricks and balsa wood and get exactly the same end of year result- and massive hand out from the US Treasury!