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Re: GM Stock Falls 11% At Market Open On Goldman Downgrade
Quote:
Originally Posted by member1
Thank you RIck and Lutz for this. When will those two idiots go? What will it take? GM market cap is at 6.5 billion now. Thank you rick and lutz for making all of those truck and suvs and ignoring quality and cars for so long. Now you are paying for it.
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Quote:
Originally Posted by member1
He should of know that under rick and lutz there is only chapter 11.
Why did he think that 40k low volume volt will save company. That is stupid. Plus why did he think that gm will bring quality up to honda standards over night. They will not they had 20 years to do that and they still cant do it. Why does he think that there will be no competition for volt? VW in 2010 will have stop start technology standard on golf, jeta will be hybrid and plus there is a jetta plug in like volt and electric car coming from VW. Daimler will have electric mercedes and smart in 2010.
Nissan will have electric car by 2010. Honda will have afordable hybrid by then. Toyota will probably have plug in by then too. GM will have hybrid tahoe that nobody wants and 40k volt that only few can afford. Why did anybody think that volt will save gm?
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If GM falls below $10/share, I may buy a couple shares. Companies have weird trends of bouncing back after events like these. It may take some time...but there's a pretty good chance of a nice return.
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Proud to drive American. Proud to drive GM.
Current Cars:
2007 Chevrolet Malibu LS: 2.2L ECOTEC I-4
2003 GMC Envoy SLE: 4.2L Vortec 4200 I-6
1998 GMC Sonoma SLS Ext. Cab: 4.3L Vortec 4300 V6
Former Cars:
1993 Saturn SW2 (1993-2006, 243,000 miles)
1989 GMC Safari SLT (1989-2003, 293,000 miles)
Future Car:
2010 Chevrolet Camaro 2LT RS: 3.6L SIDI High-Feature V6 
Last edited by Ming : 06-26-2008 at 11:22 AM.
Reason: Don't feed the troll...
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