GM and Ford BOTH Junk status

[epj3]

http://www.foxnews.com/story/0,2933,166669,00.html

Junk status as in debt status, not the quality of their vehicles. We already knew the latter [fake]

 

[Big Daddy]

I think we all saw that one coming?

 

[epj3]

I think we all saw that one coming?

You should see what the "Employee discount" pricing is doing to the resale of their USED models!!

 

[bmw046series]

They've been in and out of junk status all summer, GM the longest though, you know GM has extended the discount now 3 times! They don't even have any cars to sell when '05 production ended July 4th and '06 production starts in late Aug but they kept the discount on even if they didn't have anything to sell.

 

[E36Forever]

I seriously do not expect to see GM down the road 10 years from now, the'll be the next big Enron. They've completely commited suicide in the market, all their suburban's, Tahoe's, Denalies, and Yukon's appeal to very few people now, and yet, thats what GM is continueing to put their main focus on, they are focusing on the subject that is also getting them killed. I laugh everytime I see one of thier commercials claiming they are the worlds leading car company, oh really? Then how did they get into $170 billion of debt? I wouldn't even take a giant Tahoe for free, I've already chosen the BMW 3 series as my next car, not sure when, but someday within the next couple years.

 

[newguy]

You could have bought GM stock a coupla months ago for about 25 a share..its at 36 now...hmmmmmm..maybe Kirk Kerorian is no dummy after all..(He bought 5 or 6% of GM for less than 30 per share, I believe)...