GM gives employee discounts to all.

[olliebear]

http://news.yahoo.com/s/ap/gm_disco...45bT_us0NUE;_ylu=X3oDMTA2bm5xNHVjBHNlYwNtcA--

So GM has to give $8,000-$9,000 for new buyers.....

wow. this is going to hurt GM's profit line...

Next thing GM will have to do is PAY people to buy their cars....

Will Ford be doing the same next?

 

[jharris2]

wow. this is going to hurt GM's profit line...

Are you sure they know what "profit" means?

 

[boston_kevin]

Both companies are already junk bond status. Their desperation is the buyer's gain. You could manage some serious discounts and extended warranties for under invoice at that rate.

 

[wm69]

Both companies are already junk bond status. Their desperation is the buyer's gain. You could manage some serious discounts and extended warranties for under invoice at that rate.

The local paper here this AM said GM is averaging about a $2500 LOSS on each new car they produce. Toyota, Nissan, and Honda all posted $1200-2500 profits/car. I don't see how GM's not filing bankruptcy.......

 

[JB.]

Please, not another government bailout.