Official 2011 changes from GM
04-21-2010, 02:11 PM
#141
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THEY BORROWERED 50 BILLION DOLLARS The GOVERMENT OWNS 60% of the Company They Have NOT Repayed all of the Goverment Loans . Are you Stupid or What ???
04-21-2010, 06:54 PM
#142
Race Director
The car system in the Corvette is still Class 2 not the newer GMLAN, so no new radios work with the Corvette.
So either a brand new radio has to be built from scratch to work with an archaic (Class 2) technology or the vehicle needs to be updated to GMLAN.
The cost of that is higher due to having to upgrade ALL computers on the car and retesting EVERYTHING.
04-21-2010, 08:28 PM
#144
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Apparently the concept of a loan versus shares escapes you. The Government has 60% of the shares of GM Company, currently these shares are private, and not for sale. This isn't the same as a loan, where you are a creditor of the company. It's also not debt on GM's books rather it is Equity.
Today GM has no more Government debt (ergo no loans), they do however still have plenty of Equity that is owned by the Government.
Also all the people who state "I won't buy GM as long as the Government owns equity" well that's just cutting off your nose to spite your face. Better results for GM boosts the value of the Governments Equity. Basically the Governments ROI is DIRECTLY related to how good GM does, if GM does poorly the Government looses money, if they do well they can (GASP!) MAKE MONEY!
So people who complain about the Government owning them and then say they won't buy the product are just hurting themselves by lowing the value of the equity and causing more Tax dollars to be spent (instead of the possibility that NO TAX DOLLARS where spent which is what happens when the Government makes money on the GM Equity).
Today GM has no more Government debt (ergo no loans), they do however still have plenty of Equity that is owned by the Government.
Also all the people who state "I won't buy GM as long as the Government owns equity" well that's just cutting off your nose to spite your face. Better results for GM boosts the value of the Governments Equity. Basically the Governments ROI is DIRECTLY related to how good GM does, if GM does poorly the Government looses money, if they do well they can (GASP!) MAKE MONEY!
So people who complain about the Government owning them and then say they won't buy the product are just hurting themselves by lowing the value of the equity and causing more Tax dollars to be spent (instead of the possibility that NO TAX DOLLARS where spent which is what happens when the Government makes money on the GM Equity).
04-21-2010, 08:31 PM
#145
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60% of nothing is NOTHING!
Apparently the concept of a loan versus shares escapes you. The Government has 60% of the shares of GM Company, currently these shares are private, and not for sale. This isn't the same as a loan, where you are a creditor of the company. It's also not debt on GM's books rather it is Equity.
Today GM has no more Government debt (ergo no loans), they do however still have plenty of Equity that is owned by the Government.
Also all the people who state "I won't buy GM as long as the Government owns equity" well that's just cutting off your nose to spite your face. Better results for GM boosts the value of the Governments Equity. Basically the Governments ROI is DIRECTLY related to how good GM does, if GM does poorly the Government looses money, if they do well they can (GASP!) MAKE MONEY!
So people who complain about the Government owning them and then say they won't buy the product are just hurting themselves by lowing the value of the equity and causing more Tax dollars to be spent (instead of the possibility that NO TAX DOLLARS where spent which is what happens when the Government makes money on the GM Equity).
Today GM has no more Government debt (ergo no loans), they do however still have plenty of Equity that is owned by the Government.
Also all the people who state "I won't buy GM as long as the Government owns equity" well that's just cutting off your nose to spite your face. Better results for GM boosts the value of the Governments Equity. Basically the Governments ROI is DIRECTLY related to how good GM does, if GM does poorly the Government looses money, if they do well they can (GASP!) MAKE MONEY!
So people who complain about the Government owning them and then say they won't buy the product are just hurting themselves by lowing the value of the equity and causing more Tax dollars to be spent (instead of the possibility that NO TAX DOLLARS where spent which is what happens when the Government makes money on the GM Equity).
04-23-2010, 08:15 PM
#146
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04-23-2010, 10:01 PM
#147
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04-24-2010, 12:06 AM
#148
Tech Contributor
NOW GM adds it to the Grand Sport.
04-28-2010, 03:15 AM
#149
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You are, IMHO, quite wrong
What are you talking about? I think you are completely wrong in your negative assessment of the changes. Not being able to get the Grand Sport with the amazingly superior F55 suspension was a deal breaker for me. And I would definitely take them up on the contrasting headlights. Can't wait to see what the new wheels look like. As usual, great job Kirk and Harlen!!P.S. I wonder what all the old school (stiff is the only way) Z51 crowd will think of the Z06 with the F55 suspension. Oh, no you can't update the Z with a modern, compliant suspension.
04-28-2010, 06:11 AM
#150
Le Mans Master
