GM to Bolster Liquidity by $15 Billion through 2009

[Saturn69]

Originally Posted by BigAls87Z28

CNN said that GM doesnt make the cars that Americans want.

They are the ONLY cars this American wants. I hate the media.

[pinyon]

I suppose I'm just in the dark but have we had any inkling of the 2.3L DI before? Is another Ecotec or a new family?

Of course I've thought for a long time that the 3.6L 2 mode was a mistake and they should have targeted the 2.4L instead for the Theta products. I wonder it that's in the works as well.

[Saturn69]

Originally Posted by pinyon

I suppose I'm just in the dark but have we had any inkling of the 2.3L DI before? Is another Ecotec or a new family?

Of course I've thought for a long time that the 3.6L 2 mode was a mistake and they should have targeted the 2.4L instead for the Theta products. I wonder it that's in the works as well.

They probably said it wrong, there'd be no sense in making a new crank and rods and/or cylinder bore that would land in between the 2.2 and 2.4 Ecotec - it's most likely a 2.4 considering it's going into an SUV that already carries a 2.4 (Vue Theta). They're trying to save money; developing a new displacement for the Ecotec isn't saving money.

[CamaroCrazy]

Originally Posted by Saturn69

They probably said it wrong, there'd be no sense in making a new crank and rods and/or cylinder bore that would land in between the 2.2 and 2.4 Ecotec - it's most likely a 2.4 considering it's going into an SUV that already carries a 2.4 (Vue Theta). They're trying to save money; developing a new displacement for the Ecotec isn't saving money.

Maybe they're just scrapping the 2.2 and the 2.4 and developing one Ecotec 4-cyl for the future. If its a great engine with lots of tech (VVT, DI, etc) then why do we need a 2.2 and a 2.4? This 2.3 could make anywhere from 180hp to 300hp+ (think about the HP per cubic inch numbers posted by GM's other DI mills...1.4hp per CI from the 3.6 DI to 2.1 hp per CI in the 2.0 DI)

[2002 Caddy]

I'm not sure what the goal of this announcement was...
If it was to improve investor confidence... It is a truck load of fail...

Overnight we took a $10.00 a share stock and drove it into the eights.

Seven dollars a share here we come!

[2002 Caddy]

Originally Posted by Saturn69

They are the ONLY cars this American wants. I hate the media.

I think that is part of our problem...
CNN is wrong GM does build cars that America wants...
They need to start building cars that America NEEDS!

[CobaltSScrazy]

Originally Posted by PAULSTS1

This talk of "Liquidity" is double-talk! How does shoveling an ailing Corporation with $15 Billion dollars more debt, get it liquid? With all the losses in the last 3 years, no turnaround was accomplished, they are dragging out the Bankruptcy filing until the new adminstration changes the Bankruptcy Regulations. This is a Ponzi scheme in process.

Someday in the not too distant future, when you go to your local bank and find it shuttered with a note on the door 'OUT OF BUSINESS, FDIC HOLIDAY" you'll have GM to thank.

Why do you say that?

Also can someone elaborate on the pros and cons of cutting the dividend? Sure it saves 800million but I thought that just insults investor confidence if I'm not mistaken?

FDIC holiday, huh?

CobaltSS

[oct1]

I see too many of you saying this is not enough. Or this is not what you were expecting. So what is it that would be enough? What is it that you were expecting? Our media and all of us in the US are getting into a very dangerous mode. We say things are not enough and measures are wrong without proposing a viable alternative. We are all turning into politicians.

[GTOken]

Originally Posted by 2002 Caddy

I think that is part of our problem...
CNN is wrong GM does build cars that America wants...
They need to start building cars that America NEEDS!

Spoken like a true lib. Please don't tell me what I NEED. I think I can decide that for myself.

[2000GTPBROTHER]

Originally Posted by PAULSTS1

This talk of "Liquidity" is double-talk! How does shoveling an ailing Corporation with $15 Billion dollars more debt, get it liquid? With all the losses in the last 3 years, no turnaround was accomplished, they are dragging out the Bankruptcy filing until the new adminstration changes the Bankruptcy Regulations. This is a Ponzi scheme in process.

Someday in the not too distant future, when you go to your local bank and find it shuttered with a note on the door 'OUT OF BUSINESS, FDIC HOLIDAY" you'll have GM to thank.

Where do you come up with $15 Billion more in debt form these stories?

The only thing mentioned about additional financing is a possible $2-$3 Billion.





Heres what this was.

A Wall Street type guy last week was widely quoted as saying GM needs $15 Billion to get through 2009.

Rick and the Board looked around and identified how to come up with $15 Billion though 2009.

[slice2003]

Folks-

Am I the only TOTALLY confused by the Buick Invicta rear-wheel drive comment? I thought it was supposed to be on the FWD Epsilon II platform? Could this possibly be true? I've checked at other websites and they're saying the same thing about RWD. IF it is true, how could everyone have been so confused!?

[2648562]

Originally Posted by GTOken

Spoken like a true lib. Please don't tell me what I NEED. I think I can decide that for myself.

Spoken by a true wacko that doesn't know WTF he's talking about.

[377Z]

I personally suspect that someone made a mistake w.r.t. the Invicta being RWD. Its not like GM can keep a secret like this...

I'd love to be wrong though, but (I can't believe I'm saying this) I still look forward to the Invicta even if it is FWD, since it looks like it might actually be a nice car.

[377Z]

Originally Posted by GTOken

Spoken like a true lib. Please don't tell me what I NEED. I think I can decide that for myself.

I'm going to go out on a limb and speculate that he didn't mean it like that. I think he meant 'need' in terms of what people actually buy, not what they say they want or what focus groups conclude, but never end up buying.

[tirediron]

Buy American!

I'm sure the head honcho's in Japan are laughing their as//es off this morning.