If they end up filing bankruptcy, do they not have to pay back the bailouts they received?

I would have to say it depends on how the loan was structured but, generally speaking in bankruptcy, monies owed (i.e. taxes, student loans, etc) to the government are not dischargeable under current bankruptcy laws. I would like to say that I hope our government was smart enough to structure the loans so that they are not dischargeable, but I don't have much faith in that.

What I find funny evertone wants to blame the union. FORD has the same union and has been able to survive on its own!!!!!

So far.

I saw Ford being mentioned with the other auto giants, hope it wasn't bad news.

i am just here for the free beer!!!! hi TJN

If they are maybe the should cut out giving cars away on Extreme Home makeovers...Daughters favorite show...

hey Tempt, but are those car giveaways actually free???

Ford does give the auto to the homeowner (not sure if homeowner is liable for any taxes or fees on vehicle) but Ford does gain advertising on the show, which happens to be a lot of people's favorite show (not mine though).

Im just makin fun!!! Yes its good advertisement! Whats your take on the Army, National Guard, Boarder patrol sponsoring teams in Nascar, IRL, NHRA?????

Those ads aren't "free" but usually product placement, Nascar sponsorship, etc are less expensive than running commercials. But since most of the companies do both, not sure how exactly they're saving money. Except to maybe broaden their exposure?

Just asking and I agree! Its probably the best advertisement for the dollars.. Its on tee shirts, hats, die casts ect...Things that are around long after the sponsorship is up! Suprised more people arnt *****ing about it though!!!

Oh, I'm sure they will. Smaller companies have already started pulling or downsizing their sponsorships (from what I heard), big companies will follow.

On one hand, it's the logical thing to do to cut costs, some of these sponsorships cost millions. On the other, though, by pulling sponsorships, it's gonna cost a lot of people a lot of jobs and make a lot of these events (expensive enough already) completely out of reach of most people, which in turn will cause more people to lose jobs, etc. And while I think that sports, concerts, etc are luxuries, they do provide jobs and a huge boost to local economies. It's hard to say at this point what the right thing to do is.

I really dont know about the other 2 series but many tracks Nascar runs it it is cutting prices on tickets to fill the seats! Maybe other sports should follow suit!

Tempt - they may be lowering the price of the seats, but I would guess they are raising the price of beverages and snacks.

Nothing is what it seems especially when it comes to making $$$

jmo

Sorry TJN I now will return you to your previously viewed program..

There's something ulterior going on here with this bailout and restructuring plan!

On Mar 12th, 2009 GM announced it did not need an additional bailout from the Gov.

Headline in Fox News;

General Motors Won't Take March Bailout Money
Thursday, March 12, 2009

DETROIT — It's not as good as black ink, but General Motors' news that it doesn't need government loan money this month is a sign that it is finally starting to bring its gargantuan expenses under control.

GM Chief Financial Officer Ray Young said Thursday that the struggling automaker's fortunes have improved to the point that it won't need the $2 billion March installment, despite the request the company made less than a month ago.

But Young wouldn't say when the GM might need more help, nor would he say whether it planned to reduce its request for a total of $30 billion in government financing.

There is more, but it just makes these latest announcements make even less sense!
http://www.foxnews.com/story/0,2933,509052,00.html

Take a read. Tell me what you think.

i wonder if the execs will be able to keep their cars or have to buy their own

Don't worry about auto manufacturers going bankrupt. It is all but farce. It is just a noise, to make you think that "it was eventually decided to bail them out". It wasn't. It was decided from the day one.

Keep your eyes on the ball.

Yeah, I remember reading that too. Isn't the bailout money distributed in monthly payments to GM? Maybe GM was saying that they would have enough cash to get through March without the March payment....

me thinks someone is snorting playing an april fool's joke on use