R Nascar fans just in denial That GM wont go belly up It seems like everyone feels its impossible?

Question

Well the stock hasnt been this low since the 50s

Answer 1

Everything is bad for every company in America now not just GM.  The economy is so bad nobody is buying anyhting.  They will bounce back.

In 2010 the will have the Volt and others and will be leading the way in fukl efficent cars. GM will run the future of American cars.

Answer 2

GM may have to cut product lines from Saturn, Pontiac, Caddy and the like and may even reduce the bowtie line up but! and thats a big BUT! Chevrolet will never die. It is as American as baseball hotdogs and Apple Pie. Chevy still holds the all time record in Sprint cup wins.

This here is Chevrolet country and on a quiet night you can hear a Toyota rust...  :)

Answer 3

Ford stock has been trending below $10 for years now, they're still around, Toyota is even feeling the effects of the US economy.  

Citi is trending in the mid-teens with their stock, it's been since the 90's since it's seen prices this low and they just announced another 12 bil in write offs.

The airlines will go under before GM ever does and we know that's not going to happen.

edit: your right, there is a possibility of that, but that doesnt by no means mean that GM is going under.  I personally dont see it falling much more that where it's currently at.  It'll hold steady until the economy starts turning around, we're close to the bottom now, just self fulling prophecies by market analyst happening right now.  Even though I dont see a turn around in the housing sector until late 09 early 2010.

Answer 4

Why the preoccupation with GM and the persecution of NASCAR fans for believing in them?  Are you losing money on stock?  No, no denial here.

Go Jr.>>>>

Answer 5

hey anything is possible. but i don't think they will. ford and dodge is not doing much better. we will just have to wait and see.

Answer 6

As I stated earlier, Elliott Sadler and, I, drive MOPAR products and, We could care less.

NASCAR has survived just fine without, HUDSON HORNETS.