How bad is it at GM

[Aurora40]

Originally Posted by White Bullet

The bigger question is how will selling all of these rare or exclusive vehicles help GM? . I have no idea what they might bring at the auction but somehow I think it would be a drop in GM's bucket and then what? And where does the leave the Corvette Museum? I am not bright enough to have the answers but on the surface this seems very wrong.

Possibly more of it is savings in terms of not maintaining and storing all these? I imagine they have some staff dedicated to nothing but that.

Or maybe it's just symbolic, or perhaps they want to get rid of them before they end up part of some bankruptcy proceedings...

[tomtom72]

Good points Bob. I would say it's best to find "good homes" for the cars before the chapt 11 takes place....although, a chapt 11 judge would not let those cars go cheaply. Those judges have connections for "expert" consultation on assets of any type & class. I doubt that there would be any freebies in that liquidation.

I'll bet that if one looked hard enough thru the GM annual report that one might find the line item charge for the maintenance of that collection, unless it's a seperate corporation.

It's still a sad day to me that the situation has come to this point....not just GM, but the domestic auto mfg's as a group.

[carter200]

Originally Posted by White Bullet

The bigger question is how will selling all of these rare or exclusive vehicles help GM? .

They have to raise money for their Christmas bonuses some how

[Z51JEFF]

It would be interesting to know just how many cars G.M. has that they have set aside for historical reasons.

[Zr1 Destroyer]

I'll take the LPE/GM Tiger Shark corvette.....this was one of johns last projects before his wreck if I remember right!? There was a half hour show done about this car aswell, but can't remember where I saw it?

[LGAFF]

Ok now its out of control:

http://news.yahoo.com/s/ap/space_shuttle

NASA is selling space shuttles....

LGAFF
92 ZR1
#234

[-=Jeff=-]

Originally Posted by LGAFF

Ok now its out of control:

Rumor is that your wife said that when you bought the 90

[LGAFF]

Downpayment made, waiting for paperwork, alittle nervous about an on-line purchase but I stopped by the dealership(cold call) out east and test drove the car..........now I just need to dig my way out of the doghouse.

Maybe if I bought one of the shuttles I could park my cars inside....hmmmmmm

LGAFF
92 ZR1
#234

90 ZR1
#966

LT-5 1990 #702

[Zr1 Destroyer]

This might be a good Barrett Jackson to check out and airline tickets are waaaay cheap from Denver......hmmmm.

[flyin ryan]

i don't understand why G.M. just didn't do their own auction on site in Sterling Heights MI. & forget about B-J? build it up for six months then get er' started. to me it comes back to showing they are serious about getting help (bailout) now. must be?