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GM viability assessment issued by the auto industry task force

Discussion in 'Other Cars' started by cwerdna, Apr 3, 2009.

  1. cwerdna

    cwerdna Senior Member

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    #1 cwerdna, Apr 3, 2009
  2. patsparks

    patsparks An Aussie perspective

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    Where is Malorn anyway?
     
    #2 patsparks, Apr 3, 2009
  3. qbee42

    qbee42 My other car is a boat

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    Soylent green.

    Tom
     
    #3 qbee42, Apr 3, 2009
  4. cwerdna

    cwerdna Senior Member

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    Yeah, also, where's Jimmie84? I'm waiting for him to come and say the auto task force is "no good", biased, etc.
     
    #4 cwerdna, Apr 3, 2009
  5. dogfriend

    dogfriend Human - Animal Hybrid

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    Malorn may be looking for a more viable occupation.
     
    #5 dogfriend, Apr 3, 2009
  6. jayman

    jayman Senior Member

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    MMmmmm (smack) (smack) mmmmmm (crunch) mmmmm huh?

    Um ..... (burp!) .... don't knock Soylent Green until you try it.

    No real surprise at that assessment, is there??
     
    #6 jayman, Apr 3, 2009
  7. JimN

    JimN Let the games begin!

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    GM's spin will be, "we wanted to build the Volt but the government made us put a hold on the project". The hold will quietly become permanent as GM reassigns or fires everyone even remotely connected to it and sells everything to the scrapyard.

    Although they don't have cash flow for union retirement benefits they appear to have plenty of cash for executive retirement benefits.

    It's about time GM taps into the Volt base & starts taking deposits.
     
    #7 JimN, Apr 3, 2009
  8. FL_Prius_Driver

    FL_Prius_Driver Senior Member

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    Wow. How about this quote:

    "Under its own plan, GM generates $14.5bn of negative free cash flow over its 6 year forecast period. Even in 2014, on its own assumptions, GM generates negative free cash flow after servicing legacy obligations."

    What idiots. Planning for failure will result in failure. While the US Government may not be able to run a car company, they are light years more competent then this.
     
    #8 FL_Prius_Driver, Apr 4, 2009
  9. jayman

    jayman Senior Member

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    Ah yes .... "negative cash flow"

    Is that like antimatter? I love these deranged accounting parallel universes where such things are not only possible, but NORMAL.
     
    #9 jayman, Apr 4, 2009
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