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Bowling Green Plant NOT likely to reopen March 30th

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Old 03-24-2020, 10:42 AM
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c5vette73
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Default Bowling Green Plant NOT likely to reopen March 30th

Sorry guys, but Ford has already put out a statement that they will not be reopening plants on March 30th.

GM should follow.
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03-24-2020, 02:24 PM
jcp911s
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Guys, frankly, they could be pumping Corvettes out in record numbers, and they would be piling up on the lots....

Just for myself, but I'm probably a typical Corvette buyer, and NO WAY I would commit to a $70K+ purchase in this economic environment.... its not that I couldn't afford it, just that it would be a bad financial decision..... and I suspect most Corvette buyers ARE Corvette buyers because they didn't make a lot of bad financial decisions in their life.

Actually, shutting down production could be a blessing, as there is probably no demand.
Old 03-24-2020, 10:43 AM
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Maybe June🤷🏼‍♂️
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Old 03-24-2020, 10:44 AM
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Source?
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Old 03-24-2020, 10:44 AM
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Originally Posted by Zymurgy
Source?
FOX Business
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Old 03-24-2020, 10:47 AM
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No surprise there.
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Old 03-24-2020, 10:50 AM
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Thought that Bowling Green stated closed until April 6, then they would review at that time.
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Old 03-24-2020, 10:55 AM
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This could go on for months.
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Old 03-24-2020, 11:25 AM
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Ford's sales have collapsed, so no point in re-opening until market turns positive. Corvette market is still very strong.
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Old 03-24-2020, 11:27 AM
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Originally Posted by PCMIII
Ford's sales have collapsed, so no point in re-opening until market turns positive. Corvette market is still very strong.
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Old 03-24-2020, 11:49 AM
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Yep I’m afraid GM will follow. ☹️
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Old 03-24-2020, 12:09 PM
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I think the ford plants still had local shelter in place orders, does Kentucky have that?
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Old 03-24-2020, 12:12 PM
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No surprise. This is not going away soon. I predict June 1st will be the closest reopen date
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Old 03-24-2020, 12:22 PM
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Source is the covid19 dashboard. We haven’t reached peak infection rate yet. We just hit 10k reported infections on the 22nd and still increasing per day. Once infection rate starts to decline, businesses can start to think about re opening.
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Old 03-24-2020, 12:34 PM
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Originally Posted by PCMIII
Ford's sales have collapsed, so no point in re-opening until market turns positive. Corvette market is still very strong.
Ford is actually in slightly better shape financially than GM. Ford debt load is modest and well structured, and it has plenty of cash to weather a recession.
Ford stock last week at under four dollars was a complete no brainer buy.

Last edited by JillyBean; 03-24-2020 at 12:47 PM.
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Old 03-24-2020, 02:10 PM
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well considering that the Governor of Kentucky put the state in a "Shelter at Home" status.....and until they lift that, I don't believe the plant workers will coming back and starting production. we may be in for a long haul.
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Old 03-24-2020, 02:16 PM
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Originally Posted by PCMIII
Ford's sales have collapsed, so no point in re-opening until market turns positive. Corvette market is still very strong.
Well there are thousands of people waiting for GT500's so not sure that is really true..

I think March 30th was a place holder. Nobody really knows when things will reopen. My guess is after the deaths have peaked which could be months not weeks.

We will see. India just told 2.5B people they are on lockdown for 21 days if that gives you any ideas as to how long this could take..

Last edited by thill444; 03-24-2020 at 02:17 PM.
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Old 03-24-2020, 02:24 PM
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Guys, frankly, they could be pumping Corvettes out in record numbers, and they would be piling up on the lots....

Just for myself, but I'm probably a typical Corvette buyer, and NO WAY I would commit to a $70K+ purchase in this economic environment.... its not that I couldn't afford it, just that it would be a bad financial decision..... and I suspect most Corvette buyers ARE Corvette buyers because they didn't make a lot of bad financial decisions in their life.

Actually, shutting down production could be a blessing, as there is probably no demand.
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To Bowling Green Plant NOT likely to reopen March 30th

Old 03-24-2020, 02:44 PM
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Red Mist Rulz
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Originally Posted by jcp911s
Guys, frankly, they could be pumping Corvettes out in record numbers, and they would be piling up on the lots....

Just for myself, but I'm probably a typical Corvette buyer, and NO WAY I would commit to a $70K+ purchase in this economic environment.... its not that I couldn't afford it, just that it would be a bad financial decision..... and I suspect most Corvette buyers ARE Corvette buyers because they didn't make a lot of bad financial decisions in their life.

Actually, shutting down production could be a blessing, as there is probably no demand.
There are plenty of buyers for whom $80K is peanuts. Look at some of the owners / buyers here who also have Lambos and/or Ferraris.
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Old 03-24-2020, 02:51 PM
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Originally Posted by DSOMrulz
There are plenty of buyers for whom $80K is peanuts. Look at some of the owners / buyers here who also have Lambos and/or Ferraris.
Yes if GM was planning on producing like 500-1000 C8's max per year. But there were aspirations of 30-40K+ 2020's (before the strike).

While I am sure there are still C8 buyers out there with cash in hand ready to buy, you are foolish to think that this fits the profile of most Corvette buyers. There are many who will be prudent and see what happens. Remember GM is not the customer, the dealers are. And I doubt most dealers want a fleet for C8's sitting on their lot right now waiting to sell them.
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Old 03-24-2020, 02:52 PM
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Originally Posted by WGGS
Source is the covid19 dashboard. We haven’t reached peak infection rate yet. We just hit 10k reported infections on the 22nd and still increasing per day. Once infection rate starts to decline, businesses can start to think about re opening.
check out : Worldometer.info
you will find that close to 80% of the people infected have recovered .
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