Ford and GM in big trouble!

Mandark

Reports coming from America that Ford and GM both only have about a year's funding left and will be bankrupt if they don't turn things around. Ford's share price has nearly fallen through the floor and GM isn't doing much better. Both were in trouble before the credit crunch.

More brands for the Chinese to buy up then next year!

plane_boy2000

Ford are lucky in that their european divisions are pretty profitable. If anyone will fold its likely to be Chrysler first (who are trying to merge with GM)

goldspanners

im just back from the states and GM are constantly advertising on tv, they are offering thier "employee discount" to everyone across the whole GM range.
the price of a car in the u.s is already dirt cheap compared to here,so with extra discounts like this it makes a realistic alternative to import a car and pay a bit extra on the insurance over here.
you could buy a brand new ford mustang GT for $22,000, which is about £13,000 here. or a nissan titan massive pick up for $19,000 which is less than £11,500.

jeannieblue

goldspanners wrote: »

im just back from the states and GM are constantly advertising on tv, they are offering thier "employee discount" to everyone across the whole GM range.
the price of a car in the u.s is already dirt cheap compared to here,so with extra discounts like this it makes a realistic alternative to import a car and pay a bit extra on the insurance over here.
you could buy a brand new ford mustang GT for $22,000, which is about £13,000 here. or a nissan titan massive pick up for $19,000 which is less than £11,500.

God..... I've missed you.......... :smileyhea :smileyhea :smileyhea :heartsmil :heartsmil :smileyhea :smileyhea :smileyhea

Mandark

plane_boy2000 wrote: »

Ford are lucky in that their european divisions are pretty profitable. If anyone will fold its likely to be Chrysler first (who are trying to merge with GM)

Just out today but word is that GM was in talks with Ford about a mega merger before turning to Chrysler. Looks like America could be following the British path of having one giant national car maker.

Anyway GM is now chasing a gov't loan.

goldspanners

jeannieblue wrote: »

God..... I've missed you.......... :smileyhea :smileyhea :smileyhea :heartsmil :heartsmil :smileyhea :smileyhea :smileyhea

thats nice of you to say. the feeling is mutual. :smileyhea

photome

goldspanners wrote: »

im just back from the states and GM are constantly advertising on tv, they are offering thier "employee discount" to everyone across the whole GM range.
the price of a car in the u.s is already dirt cheap compared to here,so with extra discounts like this it makes a realistic alternative to import a car and pay a bit extra on the insurance over here.
you could buy a brand new ford mustang GT for $22,000, which is about £13,000 here. or a nissan titan massive pick up for $19,000 which is less than £11,500.

I have thought about doing that but not looked in to the ins and outs of importation

Do you know how to go about it?

vikingaero

goldspanners wrote: »

thats nice of you to say. the feeling is mutual. :smileyhea

Sheesh! You two! :rolleyes: Get a £19 Travelodge room.

Mandark

Yeah Ford and GM troubles sparks big romance on web forum!!!

jeannieblue

vikingaero wrote: »

Sheesh! You two! :rolleyes: Get a £19 Travelodge room.

Oooh no.......

Far too cheap and common for me

goldspanners

jeannieblue wrote: »

Oooh no.......

Far too cheap and common for me

who? me or the travel lodge?