Just came across the Blaze-Could GM go Bankrupt again?

Kiss My SS · 08-17-2012, 12:52 PM

http://www.theblaze.com/stories/is-g...ankrupt-again/

I sure as hell hope not!!

camslambam · 08-17-2012, 12:56 PM

Of course they're going to go bankrupt again.

Shelling money out to a failing corporation is not how you fix it.

slick rick · 08-17-2012, 01:11 PM

Let's see how long this thread stays open

Wabbit · 08-17-2012, 01:11 PM

As long as they wait until after I get mine delivered.

CamaroSkooter · 08-17-2012, 01:21 PM

Has anyone seen how people are taking advantage of GM's new 60-day guarantee policy?

They go out and buy a Chevy Volt, which gets them a $7,500 tax credit, then they return the vehicle a week or two later.

As far as the government sees it, they still purchased the car, so the tax credit doesn't get taken back...

Rage · 08-17-2012, 01:25 PM

Quote:

Originally Posted by CamaroSkooter

Has anyone seen how people are taking advantage of GM's new 60-day guarantee policy?

They go out and buy a Chevy Volt, which gets them a $7,500 tax credit, then they return the vehicle a week or two later.

As far as the government sees it, they still purchased the car, so the tax credit doesn't get taken back...

Hmmm..... very intriguing.

jdenotter · 08-17-2012, 01:27 PM

With the crappy customer service they have yeah I can see them going bankrupt.

Sent from my DROID BIONIC using Tapatalk 2

meissen · 08-17-2012, 01:27 PM

Oh yay, another factless report by a biased media outlet making widespread assumptions. Glad to see websites like that still don't have any idea what they're talking about. Yes, GM's stock is down compared to the IPO... but to make the leap to say it's going bankrupt again is just absurd.

Furthermore - GM coming out with vehicles that are noncompetitive? Wow - how ignorant is that? One look at the ATS and we know the Blaze's noncompetitive claim is debunked. And that's ignoring the fact that the Camaro has been highly successful since launch.

Edit: Weren't you the same guy who posted some other stupid article bashing GM before? Why do you fall for these articles every time and then post them here? If you're so anti-GM, go buy a Toyota.

Baba · 08-17-2012, 01:35 PM

Quote:

Originally Posted by CamaroSkooter

Has anyone seen how people are taking advantage of GM's new 60-day guarantee policy?

They go out and buy a Chevy Volt, which gets them a $7,500 tax credit, then they return the vehicle a week or two later.

As far as the government sees it, they still purchased the car, so the tax credit doesn't get taken back...

crooks! They shouldn't see the credit until 90 days after the vehicle purchase or tax time - whichever is farthest from the date of purchase. By then, it's too late to return the vehicle unless it's a lemon - and then the return should be reported to the IRS so they don't "game" the system.

Friggin' crooks chipping away at the foundation the rest of us are trying to maintain by earning a paycheck and putting money back into our own economy.

meissen · 08-17-2012, 01:39 PM

Don't worry - they THINK they got the $7,500 credit... but just wait until tax time when the IRS comes knocking.

babytiger · 08-17-2012, 01:42 PM

Quote:

Originally Posted by meissen

Don't worry - they THINK they got the $7,500 credit... but just wait until tax time when the IRS comes knocking.

this, they didn't 'get' anything.....

CAMAROZL1 · 08-17-2012, 01:44 PM

Wow, you have GOT to be kidding me. Do you guys really believe this? If you do, I have lost all hope for humanity.....

It's a sad world that we live in

Kiss My SS · 08-17-2012, 01:44 PM

Quote:

Originally Posted by meissen

Oh yay, another factless report by a biased media outlet making widespread assumptions. Glad to see websites like that still don't have any idea what they're talking about. Yes, GM's stock is down compared to the IPO... but to make the leap to say it's going bankrupt again is just absurd.

Furthermore - GM coming out with vehicles that are noncompetitive? Wow - how ignorant is that? One look at the ATS and we know the Blaze's noncompetitive claim is debunked. And that's ignoring the fact that the Camaro has been highly successful since launch.

Edit: Weren't you the same guy who posted some other stupid article bashing GM before? Why do you fall for these articles every time and then post them here? If you're so anti-GM, go buy a Toyota.

Maybe since you think you know so much then you should work for the Blaze and then put out something positive.

Facts are this, ive owned GM and Ford products since the late 70's and I own a SS right this very minute and proud of it. So I am not "bashing" anyone and as for you, if you dont like my post then dont read it

sprtplt · 08-17-2012, 01:45 PM

Bankruptcy does not mean "go out of business". It means they would reorganize, so a proper bankruptcy would be the best thing for GM. It would allow all union contracts to be voided and re-negotiated, something that did not happen with the prior fakeruptcy, illegal, shaft-legitimate-debt-holders Obama deal.

08-17-2012, 12:52 PM	#1
Kiss My SS Account Suspended Drives: 2012 Camaro 1SS/RS Join Date: Jun 2012 Location: Naples, Florida Posts: 481	Just came across the Blaze-Could GM go Bankrupt again? http://www.theblaze.com/stories/is-g...ankrupt-again/ I sure as hell hope not!!

08-17-2012, 01:11 PM	#3
slick rick SoCal Mayhem Drives: 2010 Camaro 1SS/RS Join Date: Aug 2008 Location: Foothill Ranch, CA Posts: 5,488 View My Garage	Let's see how long this thread stays open __________________

08-17-2012, 01:11 PM	#4
Wabbit Drives: 2013 2LT/RS SIM/Grey lnt/Sun/Nav Join Date: Jul 2012 Location: In my car as much as I can Posts: 783 View My Garage	As long as they wait until after I get mine delivered. __________________ Rally Stripes - Check Hockey Stripes - Check Gills - Check Ambient Lighting - Saving my $$$ now

08-17-2012, 01:21 PM	#5
CamaroSkooter Retarded One-Legged Owl Drives: 2010 Black Camaro 2SS Join Date: Oct 2008 Location: San Antonio, TX Posts: 9,745	Has anyone seen how people are taking advantage of GM's new 60-day guarantee policy? They go out and buy a Chevy Volt, which gets them a $7,500 tax credit, then they return the vehicle a week or two later. As far as the government sees it, they still purchased the car, so the tax credit doesn't get taken back... __________________ My VIN = 2G1FK1EJ9A9105017 Build Date: 04-23-2009 according to: http://www.compnine.com/vid.php

08-17-2012, 01:27 PM	#7
jdenotter Drives: 2010 2SS/RS,M6,Black w/CGM Stripes Join Date: Jan 2010 Location: Nashville, NC Posts: 1,778 View My Garage	With the crappy customer service they have yeah I can see them going bankrupt. Sent from my DROID BIONIC using Tapatalk 2 __________________ 3" RDP Motorsports aggressive cat-back exhaust w/ x-pipe, Vararam CAI, Hurst's short throw shifter, Gary's Customs painted bowties, Ofer's HID DRL/Fog Light wiring harness, Kelvin 8K HID DRL bulbs, ZL1 grille. Johnson's window tint film, LSR lowering springs, Metra dash kit with Pioneer In-Dash DVD head unit.

08-17-2012, 12:56 PM	#2
camslambam Account Suspended Drives: 2010 SS, 06 SRT10 Ram Join Date: Nov 2011 Location: C. America Posts: 1,658	Of course they're going to go bankrupt again. Shelling money out to a failing corporation is not how you fix it.

08-17-2012, 01:27 PM	#8
meissen Founder - Michigan FBody Drives: 1994 Camaro LT1, 2012 Camaro 2SS/RS Join Date: Jun 2008 Location: New Haven, MI Posts: 2,599	Oh yay, another factless report by a biased media outlet making widespread assumptions. Glad to see websites like that still don't have any idea what they're talking about. Yes, GM's stock is down compared to the IPO... but to make the leap to say it's going bankrupt again is just absurd. Furthermore - GM coming out with vehicles that are noncompetitive? Wow - how ignorant is that? One look at the ATS and we know the Blaze's noncompetitive claim is debunked. And that's ignoring the fact that the Camaro has been highly successful since launch. Edit: Weren't you the same guy who posted some other stupid article bashing GM before? Why do you fall for these articles every time and then post them here? If you're so anti-GM, go buy a Toyota. __________________ 2012 Camaro 2SS/RS L99 - *"Zooma"* 1994 Camaro LT1 A4 - *"Red Alert"* - v6-to-LT1 Swapped Cruiser; Cammed, Stalled, Enjoyed "Gone But Not Forgotten" 2016 Camaro 1LT A8 - "Elmo" 2014 Camaro 1LT M6 - "Cherry Bomb" 2012 Camaro 1LS M6 - "Clifford" Michigan FBody Association http://www.mifbody.com/

08-17-2012, 01:39 PM	#10
meissen Founder - Michigan FBody Drives: 1994 Camaro LT1, 2012 Camaro 2SS/RS Join Date: Jun 2008 Location: New Haven, MI Posts: 2,599	Don't worry - they THINK they got the $7,500 credit... but just wait until tax time when the IRS comes knocking. __________________ 2012 Camaro 2SS/RS L99 - *"Zooma"* 1994 Camaro LT1 A4 - *"Red Alert"* - v6-to-LT1 Swapped Cruiser; Cammed, Stalled, Enjoyed "Gone But Not Forgotten" 2016 Camaro 1LT A8 - "Elmo" 2014 Camaro 1LT M6 - "Cherry Bomb" 2012 Camaro 1LS M6 - "Clifford" Michigan FBody Association http://www.mifbody.com/

08-17-2012, 01:44 PM	#12
CAMAROZL1 Drives: Point A to B Car until ZL1 Join Date: Apr 2011 Location: PA Posts: 194	Wow, you have GOT to be kidding me. Do you guys really believe this? If you do, I have lost all hope for humanity..... It's a sad world that we live in __________________

08-17-2012, 01:45 PM	#14
sprtplt Drives: Corvette Join Date: Sep 2009 Location: South Carolina Posts: 322	Bankruptcy does not mean "go out of business". It means they would reorganize, so a proper bankruptcy would be the best thing for GM. It would allow all union contracts to be voided and re-negotiated, something that did not happen with the prior fakeruptcy, illegal, shaft-legitimate-debt-holders Obama deal.

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