Could someone try to explain to me whats going on with GM car companies?

Question

I'm hearing all this stuff everyday, and im so tired of it! I'm just a skateboarder, so i really can't say i'm really interested, but if it means no more cheverlet, then im listening! Thats the kind of truck im buying right now, a gmc chevy Yukon Xl color black.

umm so like if GM goes out of business, and people with these cars have problems, where do they take their cars?


Help me to explain?

Also, im not saying Obama isn't a bad person, or a horiible president, because honestly i think hes a great person, but maybe not that great to be a president. I do, however, give my support, because i know we need a lot of help to get our country back in order. But, what if obama bankrupts us even more!

Answer 1

If Obama doesn't stop spending, in 4 years, we are in serious trouble, like you never seen.



He even said, you aint seen nothing yet.



GM is being broken up and sold off, China is buying some and I think Europe is buying some, and they will keep some.



Bad management is what caused the GM problem.



You might be right, maybe Obama is a good person or good lawyer, but he never ran a business before or city or state or anything, so how can he run a country.



Lets hope congress and the people will make America good again somehow, but the spending has to stop.



You don't spend when you are broke, you know that.

Answer 2

The final cards have not been played, nor even shown on the table.

But the deck has a couple of bankruptcy cards.

The dealer has flipped the one that allows GM to remain in business. But in order to do so GM will have to issue stock and sell assets. At this point, GM plans to keep Chevrolet, GMC, Buick, and Cadillac as part of the operation. They hope to sell Hummer, Opel, Saab and Saturn.

There will be after market support for these cars, with or without GM still being around. They may be orphans, but there will still be parts. I say this because there are other orphans makes out there that you can still get parts for. There are a few you can't, but GM vehicles comprise to big of a population to be ignored for many years.

Current rumor has a Canadian out fit buying Opel, a Chinese firm buying Hummer. Saturn and Saab are still up in the air I think.

As for Obama, there is no one who would truly do a perfect job given the state of the US and world. I think given his options the choices have been wise. Only time will tell.

Answer 3

Okay.

GM is NOT going out of business. And even if they do, it will NOT effect warranty or parts availability.

http://autos.yahoo.com/articles/autos_content_landing_pages/860/your-car-company-is-dead-now-what/



GM is selling Saab to Swedish automaker Koenigsegg.

GM is has 16 companies that want to buy Saturn. A Canadian company called Magna has the highest bid so far.

GM is selling Hummer. So far, a Chinese company wants to buy it.

GM killed of Pontiac. Now they are just selling what cars they have left.

GM will kill off GMC with in the next 2 years.

GM will sell some shares in Vauxhall and Holden, the European car companies GM owns.

GM has already sold most of the shares in Opel to Magna GM now owns just 35% of Opel, making the new owner Magna.

http://www.worldcarfans.com/9090603.004/magna-unable-to-sell-opels-in-us-and-china



GM will keep Chevy, Buick, and Cadillac, their 3 best selling and most popular brands.



Since GM filed for bankrupcy, North America owns GM. The U.S. government owns 60% and the Canadian govt. owns most of the rest.



So now Obama is in control. The good news is that GM will get to keep the Chevy Camaro and Chevy Corvette and Obama is helping rebuild the car company by hiring new people to run GM.



If you have a problem with your GM made car, and GM somehow goes out of business, take your car to a regular mechanic where they will order the parts needed for your car.

There are companies that make OEM parts for your car. OEM means they match the stock parts.



And as it says in the article I gave above, you keep the warranty until it expires. A Warranty is a promise. GM would still have to pay to fix everyone's cars under warranty.

Answer 4

Obama is this countries worst nightmare.