GM may not have enough cash to sustain operations in 2009. This does not bode well for our favorite car. 
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Re: GM Running Out of Cash
Fox today said GM has enough cash to last until the end of this year. Looking for mega billions from Uncle Sam to bail them out. It's depressing. -
Re: GM Running Out of Cash
I'd like to think they are merely staking out a PR position to influence Congress and the American Public. The new President has already indicated a willingness to promote some help if GM uses the resource to develop a "Peoples" car (my words) - and that ain't no Vette.
Gentlemen; It may also be time to consider the possibility that our old Vettes may be legislated off the road to a scrap heap or museum. I know we don't want to get political on our TDB, but the organization may want to get involved with the likes of SEMA and all others in the hobby to speak in a voice of numbers in order to protect our interests. Also would be wise to go out and stock up on your hunting supplies before they too get legislated away from us or taxed beyond our means. Just some thoughts.
John; Is the 63 "X" nozzle the standard for all 63 Fuelies? (wanted to stick that in there to keep things more tecnical in case the self appointed TDB Police are watching).
Stu FoxComment
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Re: GM Running Out of Cash
Its depressing. But the ol' saying "As GM goes, so goes the Nation". Lotta theater happening now. But after Obama Press speach (concern for the auto industry) The Gov of Mi. in on the eco-meeting was no accident. The bridge-25 Billion will get done. But What Gm does in the next 6mos is parimount to its survival. Libor rates at 1.65 doesn't hurt either. There may be hope.Comment
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65 350 TI CONV 67 J56 435 CONV,67,390/AIR CONV,70 454/air CONV,
What A MAN WON'T SPEND TO GIVE HIS ASS A RIDEComment
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Re: GM Running Out of Cash
We can thank the UAW ,in the north, and the low hourly burden rates of foreign auto makers ,in the south ,for this. Buy American!Comment
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Re: GM Running Out of Cash
i have done my part,30 new chevys and 11 new corvettes since 1953. i guess GM did not invest my $$$ wiselyComment
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Re: couldn't be farther from the truth...
....quite incorrect. If 50 years ago this country had the same policy that China does that "If it's not made in this country, it does not get sold in this country" way of business, we wouldn't be in this crisis we're in and unemployment would be almost non-existent.Comment
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Re: GM Running Out of Cash
John DeGreg.
If I remenber correctly, the last "Peoples Car" was the Volkswagon.
Bruce B.Comment
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Re: GM Running Out of Cash
It's like every other big ticket purchase that people have been scared to make since the end of summer. The press said things will get worse, and by God, they did. People are scared to buy anything, especially cars in this media storm. It started with real estate almost 3 years ago and has become the only thing of any substance the media can grab onto to win the election. It's almost as bad as the left wing liberal press' annilihation of Sarah Palin when they realized "Oh my God", she may help McCain win the election. Hopefully, the media scare tactics can now subside with their favorites in office and things can go on as usual as we have previously experienced after the last 4 recessions.Chuck Lyman
Kansas City ChapterComment
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Re: couldn't be farther from the truth...
the pols got their palms greased to allow the imports to be built factories here and even gave them tax breaks to build factories in their states. this may not have happened if the american manufactures had not moved their plants out of the country because the pols raised THEIR taxes. just a vicious circleComment
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Re: GM Running Out of Cash
About the "People's Car"; The people elected their promoter too, and they bought many of the "People's Cars" because that's all there was to buy. Then after the war, those that were left alive, said about their leader; "But we didn't know! about him because we didn't bother to check him out or want to believe what we were told!"
John D.; I still want to know if the "X" nozzle was the only one available in the 63's. A left coast friend of mine once told me the reason my L-76 would/did blow away the fuelies was that the standard L-84's were calibrated too lean at the factory, noting that the only exception was those in the Z06's. Of course I take what I hear from the Left Coast like a grain of sugar in my gas tank.
Stu FoxComment
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Re: GM Running Out of Cash
Well said, Chuck.Comment
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Re: GM Running Out of Cash
She's more of a lobbyist than advisor. With Reid, Pelosi plus 57 members in the senate etc. Her push is to secure that 25-50 Billion before Jan 20th.Comment
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