General Motors shares drop nearly 10 percent in early trading - ModernCamaro.com - 5th Generation Camaro Enthusiasts
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post #1 of 7 Old 06-26-2008, 09:30 AM Thread Starter
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General Motors shares drop nearly 10 percent in early trading

NEW YORK -- Shares of General Motors Corp. plunged Thursday to their lowest price in more than 30 years, as industry observers and investors continued to speculate about just how bad things could get for U.S.-based automakers before they start to get better.

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post #2 of 7 Old 06-26-2008, 03:49 PM
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Don't worry everybody...we have Congress to fix all of our ills.

Bob Lutz: "There's no doubt that a design-driven philosophy is the only one that will work. People who are not sensitive to design, people who don't care about vehicles, people who view a vehicle as an appliance, they just default to Toyota. We will never win that one."
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post #3 of 7 Old 06-26-2008, 04:29 PM
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A few guys here at the dealership were thinking NOW is the time to buy.....with the introduction of several hot new cars.....It can only get better! Can't lose money if you don't sell!

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post #4 of 7 Old 06-26-2008, 06:33 PM
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Quote:
Originally Posted by Camaro Scotty View Post
A few guys here at the dealership were thinking NOW is the time to buy.....with the introduction of several hot new cars.....It can only get better! Can't lose money if you don't sell!
I'm thinking the same thing...With all the incentives they're offering right now, future sales #'s should improve and when the 5th gen comes out, shares might get a little jolt (that would be the time to sell).

Might want to wait it out a little longer to make sure it hits "rock bottom".

2010-2SS/RS/LS3/IBM/RP6: ECS-Paxton Supercharger / American Racing Headers & Exhaust / PFADT Suspension / DSS 9" 4.10 Rear / FOR SALE!

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post #5 of 7 Old 06-26-2008, 06:36 PM
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Originally Posted by LT16SPEED View Post
Don't worry everybody...we have Congress to fix all of our ills.
You mean Obama

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post #6 of 7 Old 06-26-2008, 10:58 PM
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You mean Obama
OOOOPS how could I forget? Some think he is the answer for all of our problems....at least we know he will make up an answer to fit a problem!

Bob Lutz: "There's no doubt that a design-driven philosophy is the only one that will work. People who are not sensitive to design, people who don't care about vehicles, people who view a vehicle as an appliance, they just default to Toyota. We will never win that one."
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post #7 of 7 Old 06-27-2008, 10:10 AM
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OOOOPS how could I forget? Some think he is the answer for all of our problems....at least we know he will make up an answer to fit a problem!
"Yes We Can"


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