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 Re: Opel vs GM
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Joined: May 2011
Posts: 490
Adjunct
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Adjunct
Joined: May 2011
Posts: 490 |
Quote:
Quote:
All of this makes me sick seeing how GM will be defaulting on 2/3 of thier bailout loan. On the Opal, The Kadett B was sold in the United States through Buick dealers from 1967 until 1972 simply as the Opel.
Uh, that isn't true. Although they shuffled some loans from an escrow account to do it, technically they've already repaid the 'bailout' loan, and there is no indication that the secondary loan from the escrow will not be repaid as well as they are making money for a change.
Not to turn this into a major thread drift but as it stands no GM is most likely facing bankruptcy. This is what happens whe you have a company controlled by government and are told what to produce. Most of the Volts were sold to the government in fleet sales, Any person that paid full MSRP for a GM product was a fool because they are dealing faster than a street clocker. GM is getting subsidies from their bail out partner which allows them to sell below every other car dealership and... they count any GM auto shipped from the factory to a dealer as a sold unit. All of this & they are still hemorrhaging our good faith money. Let them file & re-organize. I will look at Ford for any domestic cars. The bail out loan was not paid, all of the magic financial terminology and smoke and mirrors will not change that fact.
Ride like you mean it.
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