A few days ago,an economic analyst predicted that GM would file bankrupcty and sell out to the Chinese or Japanese,in the next five years or sooner. I don't know about you guys but that's a frightening scenario to me,if allowed to happen. Clint Hooper H&H Custom,owner 1969 El Camino ProTourer 2001 H-D FLHR custom bagger http://dalesplace.com/misc/friends/clint/clint_hooper.htm ----- Original Message ----- From: <[EMAIL PROTECTED]>
>This is insane. I never thought I'd see this in my lifetime. > > After seeing Enron, and all the rest of those good businesses go to hell, > Coca-Cola changing it's famous formula and having to go back to "classic > Coke", accounting scandle after scandle, UN corruption, and then this... it > really makes you wonder what they teach these guys in College, business > school, and the "good ole boy's club". > > Maybe what we need running corporations is people with common sense, not > just those that can impress a board. Maybe the board is the problem? Henry > Ford would have never been elected by a board. Neither would Michael Dell > and a bunch of others. Delorean should have been the top dog at GM, but the > goold ole boys stopped that from happening. They need men with vision and > guts, not chart readers. > > Time for a stockholder ovethrow? If they current management can't figure > out how to make a profit then maybe some new people can .....and maybe they > will listen to what he people ask for instead of what they WANT to build. > > Steve > > > > [Original Message] > > From: KW <[EMAIL PROTECTED]> > > To: The Chevelle Mailing List <[email protected]> > > Date: 5/5/2005 3:57:06 PM > > Subject: [Chevelle-list] GM- Ford > > > > They better get their head out of their A$$, maybe bring back the Camaro - > > Firebird or a retro Chevelle!?! > > Keith > > > > Standard & Poor's cuts GM, Ford to junk status > > > > Reuters / May 05, 2005 > > > > NEW YORK -- In a one-two punch for financial markets, Standard & Poor's > > cut General Motors' and Ford Motor Co.'s debt ratings to junk status on > > Thursday, citing brutal global competition and flagging sales of the > > automakers' most profitable vehicles. > > > > The downgrades, which total about $290 billion and are the largest cuts > > to junk in a single day, jolted financial markets. Stocks and the dollar > > weakened. Safe-haven Treasury debt prices rose. The broad junk bond > > market, which by some measures will expand about 15 percent in short > > order, dropped. > > > > Burdened by junk ratings, the automakers have fewer avenues for raising > > funds. Their shares extended their losses and their bonds fell by about > > 5 cents on the dollar as investors braced for investment grade portfolio > > managers to sell auto debt. > > > > > > >
