2007-02-24 15:11:09 · 13 answers · asked by scott n 2 in Business & Finance ➔ Investing
GM is making a turn-around by selling cars to China. 660,000 cars in 2005. Also the largest market share of the auto market in China. Plus GM SELLS MORE AUTOMOBILES THAN ANY OTHER COMPANY IN THE WORLD.
Do you know what the global economic fallout would be if the company went bankrupt? It will never happen. The U.S. would be forced to bail them out, just as they bailed out Chrysler. But, I don't think GM is that bad off.
Rick van Wagoner is a good guy and he is turning the company around. I trust him.
2007-02-24 15:22:21 · answer #1 · answered by jhedlind22 3 · 0⤊ 0⤋
I've heard rumors that billionaire Richard Branson has been investing heavily in GM, so maybe he knows something you don't. Think about this: anyone who bought a few thousand shares of Kmart 5 or 6 years ago when they were pennies a share would be a millionaire today. Google has announced plans for a new headquarters in Detroit. Maybe some day Google will buy GM and then GM will stand for Google Motors!
2007-02-24 15:27:39 · answer #2 · answered by Anonymous · 0⤊ 0⤋
GM?? you'd be almost as bad off as putting it in an airline. The only thing GM DOES have going for them is...they make military vehicles for the most powerful military in the world ;)
it's too early to to be interested in GM. Listen to their investor conference calls and you'd be pretty worried too. I lost money with them and was too stubborn to get out. Stay away until better news!!
Doesn't listen to the women on here. Most of them don't know squat on investing. Starbux and DD aren't that great. Remember, the name of the game is your looking for growth.
2007-02-24 15:16:17 · answer #3 · answered by alberthastings3 4 · 0⤊ 0⤋
Too Funny.
Hiding it under the mattress is probably a better investment than either burning or GM.
2007-02-24 15:15:08 · answer #4 · answered by Tim S 5 · 0⤊ 0⤋
Don't invest in GM, they are not doing so good.
Invest in Starbucks or Dunkin Donuts, because there is always going to be a need for coffee in the morning so SBUX and DD will never loose business.
2007-02-24 15:13:48 · answer #5 · answered by Joseph 2 · 0⤊ 0⤋
well, there is your answer! All the knowing people are down on GM. One of the largest employers in the US. I would stick with the GM stock for the long haul, and you will have money to burn.
2007-02-24 15:20:40 · answer #6 · answered by T C 6 · 0⤊ 0⤋
lol...they closed down a plant in my neighborhood when I was in middle school--we were so poor that year that the school didn't have any paper for the students.
The big 3 have it tough. By remaining in the U.S., they're forced to pay much more for their autos than companies from outside the U.S.. And, without offering huge tax breaks, I don't know what the gov't can do to help.
2007-02-24 15:17:43 · answer #7 · answered by Crys H. 4 · 0⤊ 0⤋
invest.
in a couple months you don't want to look back and think "man I was stupid for blowing that money"
but than again I'm only 20 and I like to plan ahead for my future....it all depends on the person.
It's your money do what you want with it...
investing is always a good idea though!
2007-02-24 15:14:06 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Why don't you invest in Toyota?
They make more money than Ford, General Motors and Chrysler combined.
2007-02-25 06:03:15 · answer #9 · answered by Anonymous · 0⤊ 2⤋
Right now Toyota is your best bet for auto makers.
Otherwise light the match!
2007-02-24 15:19:09 · answer #10 · answered by oneworld09 5 · 0⤊ 0⤋