2011 Silverado HD

[capt_met]

i am on my second duramax/allison equipped chevy. looking forward to more in the future. and since i now "own" the company i wouldn't think of buying anything else lol. on the other hand if i am mearly the loaner of the money again it seems the best way to insure the loan gets payed back to hope they sell plenty of cars and trucks. i will do my best to help. but if my motives were more political and i wanted to see certain things fail even at the cost of the loan being paid back i might feel diffrent.

 

[Diamondpilot]

I have to disagree, I have three GMC 2500HD's xcswb pickups. '05 gas, '06 & '07 d-max's. All three have Fisher 8' plows and 7' sanders. All three trucks have 60,000 plus miles on them. Besides brakes and lack of grease on idler arm, have had no problems. Yes I did crank up the front torsion arms one turn on the screws.

With a half a yard salt/sand loaded, I'm over both axel weights by 800 lbs. Who only puts in a half a yard?? Also tow all kinds of trailers, biggest being 36' toy box camper weighing 14,400lbs.

I like the ride

dawzie

I did not say it would not work. I said its no comparison to a solid front axle. 7.5' 8' plows around here are on 1/2 tons. 8' is on the light side of things for a 3/4 and 1 tons around here. Everyone runs Western and Boss V Plows that are 8' plus. We see very little Meyer, Curtis, and Blizzard plows.

I honestly think its the best looking truck and most capable thing put out by GM ever. They finally got the tow rating, chassis, GVWR, brakes, and accessory's right. If they could just get the front axle right and get rid of them big ugly square wheel wells and hide the frame while they were at it they would have hit the nail on the head.



Chris

 

[JasG]

I really am tired of hearing this around here. If you read or listen to the news, you would know that GM has already started to pay back it's bail out money and has promised to pay all of it. There plan calls to pay the money back this year. Maybe it's just me, but that almost sounds like a loan. Now Ford has many private loans, they got them when you could actually get private loans. Chrysler has said they are not going to pay back any of it's bail-out money..

Maybe you are the one who should listen a little better. Everything I have read is they are only paying back a very small part of the money given back. Of the 50 billion plus given they are only paying back 6.7 billion. The way the bankrupcy was handled was really not right either. Basically a gift to the unions. Bond holders and other secured investors were stuck with both GM and Chrysler. GM is now government owned and will be for a very long time. I also will not be buying anything GM or Chrysler due to the way it was handled.

Morning Report: GM Will Pay Back Loan Early; TARP Likely To Remain Through 2011 - Planet Money Blog : NPR

Bondholder furious over GM bankruptcy – amFIX - CNN.com Blogs

GM Bankruptcy Watch: The ?Main Street? Bondholders - Rick Newman (usnews.com)

 

[ME83]

Maybe you are the one who should listen a little better. Everything I have read is they are only paying back a very small part of the money given back. Of the 50 billion plus given they are only paying back 6.7 billion. The way the bankrupcy was handled was really not right either. Basically a gift to the unions. Bond holders and other secured investors were stuck with both GM and Chrysler. GM is now government owned and will be for a very long time. I also will not be buying anything GM or Chrysler due to the way it was handled.

Morning Report: GM Will Pay Back Loan Early; TARP Likely To Remain Through 2011 - Planet Money Blog : NPR

Bondholder furious over GM bankruptcy amFIX - CNN.com Blogs

GM Bankruptcy Watch: The ?Main Street? Bondholders - Rick Newman (usnews.com)

Yes, when a company files for bankruptcy a lot of people lose money; this is not the first time it has happened. The government also owns over 60% of GM's stock now, do you not think once the price of their stock goes up the govt can't sell the stock and recover losses? As for the investors, I am sorry to tell you that no matter how you invest your money into a company it is never secure.

 

[devildog1]

I really am tired of hearing this around here. If you read or listen to the news, you would know that GM has already started to pay back it's bail out money and has promised to pay all of it. There plan calls to pay the money back this year. Maybe it's just me, but that almost sounds like a loan. Now Ford has many private loans, they got them when you could actually get private loans. Chrysler has said they are not going to pay back any of it's bail-out money.

The other benefit is most of the management has changed in GM. All of the "old-school" employees that carelessly drove GM into the ground are now gone and replaced by a younger and more diverse group. I would say they are a stronger company now than before and stronger than most of the other automakers.
If you really believe this there is some Kool Aid for drinking, and maybe a bridge for sale cheap. Seriously though, It's so very hard to believe that there's a change in such a missed managed company, remember the Big Change about a year ago, How's that working out for you?
DevilDog

 

[JasG]

Yes, when a company files for bankruptcy a lot of people lose money; this is not the first time it has happened. The government also owns over 60% of GM's stock now, do you not think once the price of their stock goes up the govt can't sell the stock and recover losses? As for the investors, I am sorry to tell you that no matter how you invest your money into a company it is never secure.

You really have no idea how investments work. Bond holders should have been put at the front of the line not the end with who gets paid. That is why people and pension funds buy bonds. Again, maybe before you express your opinon you should understand what you are talking about. If the governement wasn't involved GM probably would not have come out of bankruptcy. The bond holders were forced to take a deal that has never happned before. Under "normal" conditions the company would have been sold and the bond holders and other secured creditors paid 1st. Or at least GM would have had to have some plan to make payments to keep going. Instead they were put at the back of the line and forced to take a stake in the company.

Also the way they just took the dealerships and closed them down. These are separate small businesses who paid for there right to sell cars. They also had stock on the lots and parts in there maintenance departments they may not have been able to sell due to they were no longer able to do warranty work or offer rebates that other dealers could.
As far as the stock goes in order for a stock to go up people have to have faith that it is worth more or will be worth more down the road. I don't see many investors looking to buy GM, again everything I have read is this has helped Ford due to the way it was handled.

Your statement about all of the "old managment" gone, other than the CEO and 1 or 2 others, where are you getting your information from? I haven't ready any of that, most of the product coming out has been on the drawing board for years. I don't see any change in what they are doing or a direction. GM has 1000's of managers, it would take a huge purge to really see a difference.

 

[Crash101]

Looks like the new GM trucks are worth consideration. When I replace my 05 Cummins powered Dodge it will be with what ever truck I prefer at the time. Politics will have NOTHING to do with my decision. Foreign made, foreign owned, bailout, no bailout, fine, great for discussion, but when I decide what I want, and start looking, those factors will have nothing to do with my choice. To allow some silly notion of a political decision to sway whats in my driveway is not going to happen. I'll do what I did last time and the time before that, buy what I like best. If my friends, family and neighbors like it, they can stop by and say so. If they don't they can stop by and tell me that also. I won't mind at all.

 

[jayste]

Oh, now I see why you said this, your from OK.

Kind of a shot in the back but expected! Thanks for confirming my prejudice

Off base but each to their own. That went out the door before they got caught squandering and laundrying.

My $0.02

Nothing has changed. Stronger because of your tax dollars. Union retirees love you. YOU own GM. Get used to it, going on two years now.

With regards and due respect.

Maybe you are the one who should listen a little better. Everything I have read is they are only paying back a very small part of the money given back. Of the 50 billion plus given they are only paying back 6.7 billion. The way the bankrupcy was handled was really not right either. Basically a gift to the unions. Bond holders and other secured investors were stuck with both GM and Chrysler. GM is now government owned and will be for a very long time. I also will not be buying anything GM or Chrysler due to the way it was handled.

Morning Report: GM Will Pay Back Loan Early; TARP Likely To Remain Through 2011 - Planet Money Blog : NPR

Bondholder furious over GM bankruptcy amFIX - CNN.com Blogs

GM Bankruptcy Watch: The ?Main Street? Bondholders - Rick Newman (usnews.com)

I really am tired of hearing this around here. If you read or listen to the news, you would know that GM has already started to pay back it's bail out money and has promised to pay all of it. There plan calls to pay the money back this year. Maybe it's just me, but that almost sounds like a loan. Now Ford has many private loans, they got them when you could actually get private loans. Chrysler has said they are not going to pay back any of it's bail-out money.

The other benefit is most of the management has changed in GM. All of the "old-school" employees that carelessly drove GM into the ground are now gone and replaced by a younger and more diverse group. I would say they are a stronger company now than before and stronger than most of the other automakers.
If you really believe this there is some Kool Aid for drinking, and maybe a bridge for sale cheap. Seriously though, It's so very hard to believe that there's a change in such a missed managed company, remember the Big Change about a year ago, How's that working out for you?
DevilDog

I think I'll just sit back here and enjoy the ride guys.

 

[two_bit_score]

Maybe some one can comment on the use of 4X4 Chevys for the comparisons against 2WD Fords and Dodges. I don't understand that.

 

[ME83]

I do know how investments work, show me a written guarantee that when you buy a bond you will never lose on it. Bonds are one of the safest forms of investing, but the problem is in the financial world nothing is completely safe, especially lately. The bondholders were compensated with a 10% stake, they certainly didn't get the best deal but they weren't hung out to dry either. The auto companies were going down hill for many years, I personally watch my investments very carefully. When GM was posting losses did no one pay attention?

I do agree with all of you that GM is making a lot of changes that hurt many people and I don't like it one bit either, but from a business standpoint most where required.

Changes are still happening.
No Surprise: Whitacre Keeps the Top Job at GM - BusinessWeek