Comments on: GM Exits Bankruptcy Today: the New GM Starts Now

By: ed hardy shoes

ed hardy shoes — Tue, 20 Oct 2009 17:08:04 +0000

I second that Maren. I love the satchel bag pictured above. I just wish it was available in metallic.

By: Dustin Johnston

Dustin Johnston — Sun, 06 Sep 2009 11:57:42 +0000

CARB betrayed our country by directing the zero emission vehicle program into the ground, namely by Alan Llyod. He pushed for Hydrogen when we should be focused on making EVs. Be sure to check out what the former CIA director says about this on the website included with my comment. Basically, we had the opportunity six years ago to be a leader in progressive transportation, but gave it to the Japanese. Now, we need leadership that understands we can create a new auto market and that gives America true security.

I hope America will support GM in all facets in creating a successful EV. This should include forcing oil companies to releasing Ovionic battery patents they bought from GM; this battery allowed a car to go 150miles per/charge ten years ago instead of the 40miles per charge now slated for the GM volt. http://www.thelocal.se/discuss/index.php?showtopic=17638.
The American community is skeptical about GM.

In turn I hope GM will truly believe in the program and give people the option to buy a VOLT. Anyone that was involved in crushing the EV-1 should have their personal books looked at and either thrown out of the new GM ot take an oath to make the volt work.

By: Dustin Johnston

Dustin Johnston — Sun, 06 Sep 2009 11:56:34 +0000

CARB betrayed our country by directing the zero emission vehicle program into the ground, namely by Alan Llyod. He pushed for Hydrogen when we should be focused on making EVs. Be sure to check out what the former CIA director says about this on the website included with my comment. Basically, we had the opportunity 6years ago to be a leader in progressive transportation, but gave it to the Japanese. Now, we need leadership that understands we can create a new auto market and that gives America true security.

By: Karsten Hertz

Karsten Hertz — Sat, 01 Aug 2009 11:06:54 +0000

Great,

I’m a FORD fan, and I’m glad this american company is getting better, but in general american cars are getting back in business, I can’t wait to the day it is possible for european customers to buy the VOLT, i don’t hope it will be to expensive.

Sincerly, Karsten, Denmark

By: madrepublican

madrepublican — Thu, 23 Jul 2009 00:24:29 +0000

gm was a waste of my money, i went through 3 gm cars and they all have failed me b4 the 100k miles mark, then i decided to go foreign and booyahh, it was awesome, but im glad they have came out of it and hope they stay in business for a real long time.

By: Patterico’s Pontifications » The New GM and Privacy

Patterico’s Pontifications » The New GM and Privacy — Wed, 22 Jul 2009 07:44:14 +0000

[...] is out of bankruptcy and calling itself the New GM. New GM is keeping the “core brands” — Chevrolet, Cadillac, Buick and GMC cars, [...]

By: N Riley

N Riley — Mon, 13 Jul 2009 14:46:26 +0000

I thought the Cruze was delayed until 2011 or 2012. I am hopeful it does make it to the dealership in 2010. It will be a great addition to Chevrolet’s line-up.

By: N Riley

N Riley — Mon, 13 Jul 2009 14:42:00 +0000

I wish the “New” GM luck. They will need it.

By: koz

koz — Sun, 12 Jul 2009 12:07:25 +0000

My comment was inrended to mean $.3 of value of asset and not of face value of bond. As to actual value of assets, doesn’t the secured bonds’ trading price reflect that? From this article http://www.thebigmoney.com/blogs/shifting-gears/2009/06/08/15-minutes-indiana-chrysler-bondholder-fame

““As part of Chrysler’s restructuring plan, the automaker’s secured debtholders will receive $2 billion, or about 29 cents on the dollar, for their combined $6.9 billion in debt. The Indiana funds bought their $42.5 million in debt in July 2008 for 43 cents on the dollar.”

July was just at the beginning “Carpacolips” (trademark Statik).

Also, aren’t secured corporate bonds issued against and tied to specific assets? http://www.aitraining.com/secured.htm

If this is the case, you would have to value the particular asset in question for each bond. Getting back to my earlier comments, $.30 seems inline with the market at the time of bankruptcy. Sure you can argue that the large bondholders were strong armed via their current position with the government but one could just as well argue that the vast majority of bondholders agreed to and got Par. The situation as it played out indicates the bondholders played hardball until the end of negotiations and agreed to most they thought they could get, bankruptcy or otherwise. The dissenting bondholders could probably still sue for additional compensation if they can show the government strong armed the accepting bondholders. In time, this shouldn’t be hard to prove if it is true.

It makes more sense for the Indiana pensioners to sue their fund managers for buying Chysler bonds in July ‘08. That was beyond reckless for this type of retirement fund.

By: NZDavid

NZDavid — Sun, 12 Jul 2009 11:40:43 +0000

With the benefit of hindsight its amazing how POSITIVE you were, my friend!

Still commercial property mortgage resets coming up should be a bunch of fun!