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General Motors has insisted that going bankrupt is “not an option”.

The American auto giant was forced to release a statement today after market experts predicted the company would file for America’s Chapter 11 bankruptcy protection within days.

“Bankruptcy would not be in the interests of our employees, stockholders, suppliers or customers and we believe speculation about a possible filing is exaggerated and unconstructive,” the GM statement said.

The company’s share pri...Read the full article

gm should have bankrupted 40 years ago, just look at the junk they have given us. name one car that has been good and reliable since 1968.

The Vauxhall Zafira is both good and reliable. So is the Astra.

phenergn:

The Vauxhall Zafira is both good and reliable. So is the Astra.

Reliable maybe. Good, certainly not. Spectacularly mediocre, yes.

40 years? Spectacularly mediocre?

There are people's jobs, pensions and whole future at stake here. If you can't say anything constructive please go back to looking at Page Three and stop wasting my time. These Forums are set up for car enthusiasts to discuss events within the car industry; not to provide opportunities for one finger typists at the bottom of the gene pool whose idea of good day is to drink ten pints, pick their noses, shout abuse at passing girls and manage to get their underpants on the right way round.

Get a life, morons

Oh I see, Straff, people are entitled to jobs. It is a right to have a job, is it ? Do you not think the fact that it is a relevant point that the company which employs them makes crappy products ? See any connection ? Why not take your left wing views and return them to the museum, eh ?

 i think generalising GM products into one, when there are so many different companys under the umbrella, is neither informed nor useful.

 i doubt GM will be allowed by the US government to go bankrupt,  at a time when confidence is everything.

im also afraid 'right wing' market values are  are being called spectacularly into question, when the whole financial system is being nationalised, to keep it going- a very 'left wing' phenomenon.

now what needs consigning to the musuem bruce wayne?

GM is no blander than ford or toyota, and GM in europe for the past 5 years at least with the astra have made a desirable product for the every day person. It does more then enough, and looks good.

and people are entitled in the developed world to a job, a home, and a reasonable standard of living.  GM provides enormous security to a large workforce- can anyone be sure it wouldnt create a domino effect to let it go bust?

could someone on this forum lose their job?

i think people should remember however that a forum is a place to exchange views on relevant subjects.  There is a little too much shouting down and personal sniping on this one for comfort.

I don't think I've heard quite so much sanctimonious piffle in years.

keeforelli:

 i think generalising GM products into one, when there are so many different companys under the umbrella, is neither informed nor useful.

It's not much of a generalisation to say that all the GM companies make pretty much the same product. Same with Ford, same with Toyota as you seem to say yourself. They are mediocre products though. If you settle for that, that's none of my business. It's a subjective thing.

keeforelli:

im also afraid 'right wing' market values are  are being called spectacularly into question, when the whole financial system is being nationalised, to keep it going- a very 'left wing' phenomenon.

Um, yes. I think I already said left wing. Keep up.

keeforelli:

and people are entitled in the developed world to a job, a home, and a reasonable standard of living.

People are entitled to nothing. Nothing at all. The world does not owe you a living. It's up to you to make yourself attractive to the labour market and as indispensable as possible.

keeforelli:

i think people should remember however that a forum is a place to exchange views on relevant subjects.  There is a little too much shouting down and personal sniping on this one for comfort.

No sniping. This is an exchange of views. Don't take things so personally when we are all people in here who have never met. Learn to debate robustly.

 Patronising and condescending. impressive bruce wayne- a perfect example of not just debating the subject, but the individual too. i dont need to be told to 'learn to debate robustly' , im ok, thanks.

it is the tone of your posts i object to, not the content.

Exactly what is debating robustly?  this statement you made perhaps?

It's not much of a generalisation to say that all the GM companies make pretty much the same product. Same with Ford, same with Toyota as you seem to say yourself. They are mediocre products though. If you settle for that, that's none of my business. It's a subjective thing.

'they are mediocre though' ...says who?....the millions of owners worldwide?

In your opinion they are, and thats all. opinion stated as fact is still not fact.

where is your argument that GM makes mediocre product worldwide?..

ive yet to hear it.

 

 

 oh and also bruce, straff never at any point said anyone was entitled to a job, which is how you picked up your debate with him.

 though not being entitled to jobs, we are definatley entitled to benefits, and i can be sure you are not in support of those, which is what you would be paying for on a massive scale if GM went bankrupt.

keeforelli:

i dont need to be told to 'learn to debate robustly' , im ok, thanks.

keeforelli:

Exactly what is debating robustly? 

You seem confused.

keeforelli:

'they are mediocre though' ...says who?....the millions of owners worldwide?

In your opinion they are, and thats all. opinion stated as fact is still not fact.

where is your argument that GM makes mediocre product worldwide?..

Would you say that they are in the same league as Audi, BMW etc. ? They are definitely not a premium car nor are outstanding in anything they do. There are a few mildly interesting cars (e.g. VXR) but although they are faster, you are still driving an Astra / Vectra etc. with the same cheap plastics etc etc. They are massed produced products which are not well made but are priced cheaply. That's why lots of people buy them : because they can afford them. I think you might find that BMW make massed produced products now too but they seem to make a quality product (well built and attention to low emissions etc.) which is why they will survive. You've heard it now, Keeforelli. It would appear that you like prolonging the personal stuff.

keeforelli:

it is the tone of your posts i object to, not the content.

Am I bovvered ?

keeforelli:

 oh and also bruce, straff never at any point said anyone was entitled to a job

An exact quote from your earlier post : "and people are entitled in the developed world to a job, a home, and a reasonable standard of living."

You seem confused.