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To: TGPTNDR who wrote (182575)	1/7/2006 4:25:46 PM
From: rupert1	Read Replies (1) \| Respond to of 275872

tgp I understand your rationale for a GM-type investment. But I'm not really up to date on all the labour issues. Also my faith in USA cars has never been the same since my first Lexus - Toyota is amazing. Incidentally, Lexus is not sold in Mexico. Here USA cars and trucks were always the presumed first-choice with Ford top of the list. The is a huge profitable trade in importing 2nd hand 10 year old trucks from the USA - if anyone is interested. But in the last few years Toyota and NISSAN have become sought after - even in the second-hand market - BMW is also big.

To: TGPTNDR who wrote (182575)	1/7/2006 11:58:09 PM
From: Jim McMannis	Respond to of 275872

RE:"My reason? GM's not going into BK.(IMO) They're going to get out of US as much as they can, Screw UAW, Screw Taxpayers, cut dividend, and do OK. 10% dividend 'till it gets cut. 5% after." That's prolly the only way they can ditch the UAW. Even if they BK here who they gonna get to do the work? They will be stuck with hiring back the same 'ole Union workers. How they will get out from under the pensions, Delphis pensions, Union unemployment, remains to be seen. They would have to do some creative multinational manuevering... If they did open plants in the US they would likely be picketed. Maybe they could open them in remote parts of the country far from previous plants. Then there would be the lawsuits brought by the Unions and Pension funds. Ruled against, maybe they have trouble importing cars and parts...who knows. They should have known, only the gubbermint can keep on promising bennies, cause they own the printing presses. If they BK, shareholders are screwed. Saving the shareholder value would be a first. Well, except for chainsaw Al. Maybe Kerkorian will play Al. WHo knows.