Oracle of Delphi

Weißwurst

Happy Birthday gentlemen! Y'all babies compared to me, all except Camino, Jesus, you're halfway to 90! :rotflmao:

Let's hope Toyota doesn't buy GM, it's ripe for a takeover. If that happens, I'm off to BMW, I have a standing job offer.

GM closed at $9.98 per share Ford closed at $4.36 per share Just for reference Toyota closed today at $91.40

God

No thanks, I'm suspecting it was the guy to the left, he looks excited to see you! Ahhh nos you crack me up!

July 2, 2008 - 11:00 am ET DETROIT (Reuters) -- General Motors will need to raise about $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday. Merrill Lynch analyst John Murphy said in a research note he cut GM to "underperform" from "buy" and lowered his price target for the largest U.S. automaker to $7. GM shares fell Wednesday to as low as 10.80 on the report. As of 10:50 a.m. EDT, shares of GM were trading at 11.04, down 71 cents, or 6.0 percent. The downgrade comes one day after GM said that June sales fell 18.5 percent from the same month a year ago. Despite the decline, GM shares closed up on Tuesday. Investors and analysts expected worse, with some predicting Toyota would pass GM in sales for the month. For the first half of 2008, GM's U.S. sales totaled 1,604,942, down 16.5 percent from last year's 1,922,762. Murphy also lowered his forecast for 2008 U.S. industry-wide light vehicle sales for the third time this year and said the recent drastic decline in sales would likely to continue through 2009. He expects 14.3 million U.S. auto sales this year and 14 million units for next year. That compares with 16.15 million units in 2007. Although analysts have said GM will need to raise capital to cover continued losses before 2010, $15 billion is a higher estimate than any other analysts have suggested. "The recent extreme deterioration in volume and mix is driving much higher cash burn and eroding GM's cash position," Murphy said. "We believe $15 billion is necessary because there is downside risk to our current estimates and a greater cushion is essential." Murphy said a decline of 1 million vehicles in annual U.S. auto sales equates to about $3 billion in cash burn. Any capital GM raises has the potential to dilute equity if it's done through convertible offering, one of the possibilities for the automaker. Link: http://www.autonews.com/apps/pbcs.dll/arti...p;rssfeed=RSS33

In a word, NO!

The price as of today will be 40K, which is why GM wants the US Government to give a 5K tax credit or more when someone purchases the Volt.

If you knew how many people were assigned to that project you wouldn't ask that question.

Looks like someone there outlined your crotch with whiteout. :rotflmao:

Yep, it's a 1976 Pontiac Ventura to be exact!

I agree, that way a GMC truck could be sold by any division. However these days that thought is like pissing into the wind, and you know what happens when you do that!

8 4 9

No you heard correctly, it's a dialectical thing.

V E N T U R A

The real word is "Capacole" ...

Spumoni - is a molded Italian ice cream made with layers of different colors and flavors, usually containing candied fruits and nuts. ...

Most welcome!

Tsunami

Personally, if Pontiac and GMC were to die, I would prefer a Buick, Saturn, Saab sales channel for GMNA.

For those of you that don't know or remember what this concept looked like, allow me: http://gmnext.vox.com/library/video/6a00e3...d9fa000002.html

Congrats! The Welcome Center is spelt wrong!

I was talking with ZL-1 today, well we talk a lot because we are almost on the same time Zone, and the rest of you just lag behind us! Anyway he mentiontioned how he has never been in a GM plant and really would like to see it on the inside. So that got me thinking, how could I share that experience that I have enjoyed over the last 19 years being at almost all of GM's Assembly plants at one time or another. Then it hit me, I can show y'all virtually. :AH-HA_wink: Please follow a new Corvette ZR1 through the entire production process. We start with just the frame and end up in the plant parking lot with a brand new super car. Enjoy the plant tour! Warning this Video is a resource hog for those of you on Dialup! Link: http://gmnext.vox.com/library/video/6a00e3...c3d85d000b.html

As I said before, all things are being looked at and re-evaluated constantly. I would look more towards a Buick Saturn type of showroom in the future. As Saturn needs more dealerships whether stand alone or with a Buick partner to share the cost and expand Saturn's reach to the consumers. Besides as Saturn's products become more and more Opel clones, why not put Saturn with Buick, Buick and Opel have a long past and history together, so to me it would be a natural fit.