Posts: 9,034
Threads: 463
Joined: Feb 2020
Reputation:
0
With people nervous about purchasing a GM car lately because of it's current financial standing, how about this....
If you finance a new GM car through the dealership and GM goes into bankruptcy, all further financing payments are absolved. The consumer get's to keep the car with no strings attached. Of course if GM does NOT go into bankruptcy you pay the monthly financing on your new GM car as usual.
How about THAT as an incentive?
Yeah, yeah,, the details are not ironed out. This is just the gist of it. But could something like this possibly work to spike GM sales?
Posts: 10,000
Threads: 626
Joined: Jul 2020
Reputation:
0
Who'd insure against the write-offs? AIG?
Posts: 9,034
Threads: 463
Joined: Feb 2020
Reputation:
0
I saw a commercial last night where the car company said that if you (the consumer) lose your job. You can return the car and not have to worry about the payments. Or something to that effect...
Dang... there's gotta be some way to maybe salvage the idea (in general layman's terms), no? This wacky financing might not be the way it typically does business. But GM is in dire straights here.
So i thought a spin on that idea might work.
Like a reverso spitball curving slider spin. And i came up with this.
Is it just impossible?
I know sometimes it takes an off-the-rocker idea to spark a "real" solution. Hmmm....
Posts: 13,726
Threads: 599
Joined: Nov 2024
Reputation:
0
How about everybody in the world gets a pony for free.
I don't understand the continual need to "save" dying companies.
If the business is viable, then someone better equipped to serve the market will emerge.
Yes, there will be painful transitions, but that's life.
Posts: 3,152
Threads: 446
Joined: May 2025
Gm needs to go into (and will) bankruptcy so they can break the union.
You cannot be competitive in todays market paying $70/hour plus healthcare and full lifetime pensions for someone who rivits a door handle all day.
Once they do, the renegotiation can happen. Then they will be alright. I actually think Boma and his merry men are trying to force them to do this by rejecting the GM proposals.
Posts: 22,493
Threads: 4,934
Joined: May 2025
Reputation:
2
bankruptcy
bye bye greed.
the worthwhile parts, factories, brands, etc will be bought by another company.
Unfortunately, it will unlikely be a US company.
GM and (I hate to say) their unions brought it on themselves.
$50-$70/hr with benies to build cars on a production line? That's better then a lot of mechanics get to repair them. That's better then a lot of senior carpenters who need much broader skill set and knowledge.
“Art is how we decorate space.
Music is how we decorate time.”
Jean-Michel Basquiat
Posts: 5,222
Threads: 246
Joined: May 2025
Reputation:
0
For those mechanically inclined, they could offer a build-it-yourself kit (bypassing the production line worker mark-up tax). You buy a car and get a shipping container delivered to your front door that has all the car parts, but not assembled. An instruction book tells you how to put it together (better yet, a youtube video of what needs to be done). All for $5K or something...
Posts: 24,633
Threads: 1,093
Joined: May 2025
The problem is with the mismanagement of funds set aside for the health and retirement benefits of former employees. Because the money set aside was inadequate and much of it was squandered to pay off the managers who mismanaged it, they ended up with something akin to a Ponzi scheme with present contributions going right into the pockets of past employees. That digs them ever deeper into debt as more retirees pour into the system.
So, it's just like Social Security?
Jeesus... they're in deeper trouble than I thought...
