Who Will Lose the Most From the GM Bankruptcy

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My parents put $200 down payment on a new 1950 Chevrolet black 4-dr and were to take delivery 2 weeks before their wedding day in August and drive it on their planned honeymoon. Four days before their wedding the dealership called to say their car had arrived.
Waiting for them they found a pea-grean 2dr. My father said, I ordered a black 4dr, not this, but was told that was what came in, take it or leave it. He told them he'd leave it, please return his deposit. Sorry, they said, the contract says if you decline the car we keep the deposit. Of course he argued that he wasn't declining the car he ordered, he was declining the one he'd been offered as a subsitute. Sorry, they said, if you don't like it... sue us.
Furious, he walked out and they went to a used car dealer who sold them a 1947 Ford that they got great service out of for 6 years.
The kicker: in mid-September, while sitting at a red light, the sales manager stopped beside him in... a black 4dr Chevrolet, new.
Did GM cheat and steal from my parents, almost wrecking their honeymoon, or did the dealer? Makes no difference, because GM's dealers have done this for DECADES with no intervention by GM to put a stop to it. So it's just part of GM's developed business practices to cheat their customers.
NOBODY in my immediate or extended family has ever purchased a GM product since 1950. The hell with them, let them rot.

ClayS of KS 9:54AM August 17, 2009

i can not under stand why so many united states citizens are just relishing the thought of gm employees loosing their benefits and pension cuts.gm,ford, and chyrsler over the years has contributed more to local economies and created more domestic jobs from suppliers than all the foriegn car companies combined and more than they will ever create.there are many companies in this country that pay better benefits and pensions opon retitement than the big 3 gm,ford, and chyrsler but i do not see any push by goverment elected officials and the general public for these people to lose their benefits.a lot of people say no one should recieve benefits for life from their companies ,however the government employees when they become eligble for retitements recieve them for life and sometimes after only serving two elected terms.many of your local government employees recieve the same benefits and work alot less years than a uaw worker. american people learn the facts.

jerr rhea of TN 10:27AM July 10, 2009

I met a GM pension holder last year on a cruise ship. They cruise every other week on the GM Pension. The couple was snooty and cocky about their GM Pension program. I asked them what would happen if GM filed bankruptcy.....they told me they would still receive their money from the government. I can't wait for those snot nose, over confident, prior GM employee too come to realty and loose it all......I can't tell you how their attitude needed to be humbled.

Ann Anderson of MN 7:08PM June 14, 2009

GM played the folks for fools is correct. For the last 15 years or more, GM has been selling cars based on the name GM, not on quality. With the dishonesty of our citizens in borrowing money against their house and not paying it back, the dishonesty of companies like GM selling trash, the entire manufacturing structure of our country in shambles, and now just printing and raining money like there is no tomorrow...can America ever return to our prior status...I doubt it. There is an entire culture in America that would just as soon be on an entitlement program then working.

woodstock699 of AZ 5:03AM June 09, 2009

I'm suprised a military man would buy a Japanese built vehicle, forgive and forget I guess.
I guess 2,350 deaths and 1,178 injured at Pearl harbor really aren't that many.
Hopefully you also make sure to aviod BP and fill it with gas made from mid-east oil only!

GM of MI 12:27PM June 08, 2009

The problem is folks are still buying cars but not just like they used too. Now its fewer and there are too many dealers around to spread the sales. So some dealers are starving while other are just working steadily. I think less dealers = More profit......This is coming from a Dealer.

Francisco of TX 2:21PM June 02, 2009

I'm a 28 year career military officer. All my family, grandfather, father, aunts and uncles bought Chevrolets. The cycle stopped. I had to replace my S-10 Blazer engine at 60K miles in '90 and my father did the same with his pickup truck in '91. GM management, engineers and UAW's played us for fools. My problem with the Toyota's and Honda's we have driven since is that they won't wear out so I can force myself to replace them.

Larry Huffman of NC 12:05PM June 02, 2009

foreign car drivers are america scabs. I'd would fix my pontiac over & over before I'd drive ugly toyota.

shawn of MI 8:56PM June 01, 2009

It's easy to invest in a loser company, especially when you are using other peoples money and still charging an annual fee, just ask Vanguard about buying 2.4 million shares of loser GM over the past 3 months. This is one of the reasons, I dumped Vanguard.

thetruthhurts of OK 11:31PM May 31, 2009