Rumours of GM future - Page 2

Dave_au · 28-10-2005, 08:18 PM

Quote:

Originally Posted by MX837M-GE

As the share price plunges, the chances that Kirkoran (or whatever his name is - the billionaire investment guru that has been snaping up millions of shares in GM, now has 10% stake) will take the show over increase. With him in charge, I'd say that company could be put back on track very quickley indeed.

Your right about Kirkoran buying the shares, but your wrong about him being an investment guru - he's a corporate raider, and he doesn't always "raid" with the intention to keep a company as a going concern.

MX837M-GE · 28-10-2005, 09:03 PM

Raider to you, guru to me

He has signalled he thinks Hummer, Saab and other 'non core' brands should be flogged off. Personally I'm totally indifferent to whether Hummer exists or not. Saab is a tough one, would be sad to see it go, but its been absolutely thrashed lately.

Without him Chrysler would not still exist.

GM split up is better than no GM.

$0.02

XA Coupsta · 28-10-2005, 09:13 PM

Quote:

Originally Posted by MX837M-GE

Chapter 11 would be good for GM in my opinion. They could use it to get their stuff together with the unions (in the USA) that are raping the company dry. In this sense, as pointed out earlier, chapter 11 is an almost more of a political rather than an accounting term.

As the share price plunges, the chances that Kirkoran (or whatever his name is - the billionaire investment guru that has been snaping up millions of shares in GM, now has 10% stake) will take the show over increase. With him in charge, I'd say that company could be put back on track very quickley indeed.

GM has a very healthy balance sheet, even if Delphi ends up costing it $11bn (the highest of estimates). It has nearly $30bn in cash, and options on borrowings worth $50bn. It will not go down quickley.

That is a very well written and very well informed post.

XAGSV8 · 29-10-2005, 08:10 AM

Makes me think that Ford is not far of chapter 11 as well.

MeestaNob! · 29-10-2005, 04:46 PM

I'm telling you: Hyundai WILL buy GM.

Dave_au · 29-10-2005, 05:58 PM

Quote:

Originally Posted by MeestaNob!

I'm telling you: Hyundai WILL buy GM.

I don't think they have the capital - they would have to go in with another company to buy it outright.

Meanwhile, Toyota and DaimlerChrysler are very cash rich....

29-10-2005, 06:33 PM

I agree with the fact that even though they are in the red in a big way i still think that something will pull them out. Like nissan in 2001, i think. Not bought out. Although the amount of jobs that will probably be lost for them to make a profit... I hate to even think about it.