GM Bailout Letter

[CHRIS67]

Anyone esle get one of these?

Dear Mr. Killam,

You made the right choice when you put your confidence in General Motors, and we appreciate your past support. I want to assure you that we are making our best vehicles ever, and we have exciting plans for the future. But we need your help now. Simply put, we need you to join us to let Congress know that a bridge loan to help U.S. automakers also helps strengthen the U.S. economy and preserve millions of American jobs.

Despite what you may be hearing, we are not asking Congress for a bailout but rather a loan that will be repaid.

The U.S. economy is at a crossroads due to the worldwide credit crisis, and all Americans are feeling the effects of the worst economic downturn in 75 years. Despite our successful efforts to restructure, reduce costs and enhance liquidity, U.S. auto sales rely on access to credit, which is all but frozen through traditional channels.

The consequences of the domestic auto industry collapsing would far exceed the $25 billion loan needed to bridge the current crisis. According to a recent study by the Center for Automotive Research:

• One in 10 American jobs depends on U.S. automakers
• Nearly 3 million jobs are at immediate risk
• U.S. personal income could be reduced by $150 billion
• The tax revenue lost over 3 years would be more than $156 billion

Discussions are now underway in Washington, D.C., concerning loans to support U.S. carmakers. I am asking for your support in this vital effort by contacting your state representatives.

Please take a few minutes to go to www.gmfactsandfiction.com, where we have made it easy for you to contact your U.S. senators and representatives. Just click on the "I'm a Concerned American" link under the "Mobilize Now" section, and enter your name and ZIP code to send a personalized e-mail stating your support for the U.S. automotive industry.

Let me assure you that General Motors has made dramatic improvements over the last 10 years. In fact, we are leading the industry with award-winning vehicles like the Chevrolet Malibu, Cadillac CTS, Buick Enclave, Pontiac G8, GMC Acadia, Chevy Tahoe Hybrid, Saturn AURA and more. We offer 18 models with an EPA estimated 30 MPG highway or better — more than Toyota or Honda. GM has 6 hybrids in market and 3 more by mid-2009. GM has closed the quality gap with the imports, and today we are putting our best quality vehicles on the road.

Please share this information with friends and family using the link on the site.

Thank you for helping keep our economy viable.

Sincerely,

[BigAls87Z28]

I already signed up and sent a letter to our congressmen and senators.

[Iroc-z86]

Originally Posted by BigAls87Z28

I already signed up and sent a letter to our congressmen and senators.

x2. along with my mom who just bought a new malibu ltz

[BigAls87Z28]

Did she really? 08 or 09? Pics man, pics!!

[baddest434]

lol i know an blind old man who got one of those e-mails today
to bonzo...your almost my age! lol

[Iroc-z86]

these are from when we got it, about a month ago. ill see if i can get some better pics....

its an 08, dealer demo with 6k miles but got a really really good deal on it, red jewel tint coat, ltz, and fully loaded. the only option it doesnt have is the chrome rims.

[j0n]

Where do I sign up to send a letter telling them NOT to piss away 25bil?

[BigAls87Z28]

Beautiful man...really nice.

[BigAls87Z28]

Originally Posted by j0n

Where do I sign up to send a letter telling them NOT to piss away 25bil?

suckmyass@lickmyballs.com

[BonzoHansen]

Originally Posted by BigAls87Z28

suckmyass@lickmyballs.com

So send it to you?

[SteveR]

Originally Posted by BonzoHansen

So send it to you?

yea, I dunno man, I went to lickmyballs.com, and I don't see anything about 'GM' or 'bailout' on here.

[Featherburner]

Originally Posted by SteveR

yea, I dunno man, I went to lickmyballs.com, and I don't see anything about 'GM' or 'bailout' on here.

[Knipps]

Originally Posted by Featherburner

Priceless Steve.

[Tru2Chevy]

Originally Posted by SteveR

Bi~Gals, as funny as that is, j0n does have a point in there. GM is burning through 2 billion every 30 days. All a 25 billion bailout is going to do is extent their demise by 12.5 months. The only way GM is going to survive is to re-org the entire company. The question becomes, can GM trim 2 billion from its monthly expenditures? The real problem GM is facing is that with an emerging global economy, the US is getting hit by the efficiency of the European Union and the way European companies operate, whereas GM is stuck in the old US mantra of excesses and overages. If they can't adapt to a more efficient way to operate, they won't survive, 25 billion bailout or not.

Steve......take this part to this thread: http://www.njfboa.org/forums/showthread.php?t=38721

- Justin

[BonzoHansen]

Originally Posted by baddest434

lol i know an blind old man who got one of those e-mails today
to bonzo...your almost my age! lol

I'll never be as old as you! NEVER!!!!!!!!!!!!1


Bailout posts move to bailout thread......

[JerzyIroc]

Originally Posted by BigAls87Z28

I already signed up and sent a letter to our congressmen and senators.

X3 got 4 of my friends to do the same.

[Jersyboyy]

hahaha lickmyballs.com has a pick of a chick licking her nice red lips. and then a bunch of links so some cool sites THANKS AL!!

[Stevoone]

I didn't see that letter, but this is an e-mail I got on my GM account.

Dear GM Dealer:

Earlier today, during a GM Dealer IDL broadcast, I provided you with a GM Business update and significant information about the vital role the U.S. automotive industry plays in the health of the country in terms of employment, annual economic output, exports, R&D investment and retail business. As we’re in the midst of the deepest crisis our industry has ever faced, GM’s priority is on seeking support from various U.S. government agencies and congressional leaders. We need your help now to ask government officials to approve an additional loan package to help us deal with our current liquidity crisis.

Next week, Congress and the current Administration will determine whether to provide immediate support to the domestic auto industry to help it through one of the most difficult economic times in our nation’s history. Your elected officials must hear from all of us now on why this support is critical to our continuing the progress we began prior to the global financial crisis.

As you know, we have taken the tough, necessary actions over the last few years to strengthen our competitive position. With our UAW partners we have reshaped our business and will have reduced our structural costs by more than $13 billion by 2010 and have closed the quality and efficiency gaps with our competitors. We also are building products that have received great customer acceptance and acclaim, as we have seen with the Chevy Malibu, Cadillac CTS and our family of crossovers. And, there’s more to come with the Chevy Volt which will position GM as a global technology leader as well as more hybrids and fuel efficient passenger cars like the Chevy Cruze.

The consequences, however, of a portion of the domestic auto industry collapsing extend far beyond GM’s ability to continue its transformation. One in 10 American jobs depend on our industry, as well as the health of communities, dealers and suppliers in all 50 states. As you know, nearly 3 million employees, retirees, and their families also depend on us for their pensions and health care. Because of the economic contributions of GM and its dealers, the cost of allowing this industry to fail would be catastrophic: 3 million jobs lost within the first year; U.S. personal income reduced by $150.7 billion; a government tax loss over three years of more than $156 billion. This level of economic devastation far exceeds the $25 billion of government support that our industry needs to bridge this current period.

Today, I want you to take the time to contact your members of Congress to ask them to support America’s domestic auto industry. Please call the following number to be connected with your legislators 1-866-874-9356. To assist you with contacts to your Congressional representative, attached are two documents: 1.) Telephone call directions and script for your use in speaking with your representative, a sample letter from you to your representative and a sample “Letter to The Editor” for your use with local media; 2.) Talking points (that include the economic figures cited above) are in the attached document to assist you with the calls. Additionally, you can visit www.gmfactsandfiction.com to obtain further information on the auto industry and GM and the ability to create a letter from you to your respective congressional representative urging them to take action in support of the auto industry. Once you’re on the homepage, click on the “I’m a dealer” tab.

Support for the domestic auto industry will contribute to a stronger economy, save millions of jobs, and establish U.S. manufacturing and technology leadership in the global marketplace. As an employee, you have a lot at stake and continue to be one of our most effective and passionate voices. I know GM can count on you to have your voice heard.

Thank you for your urgent action and ongoing support.

Mark LaNeve
GMNA Vice President
Vehicle Sales, Service and Marketing

[BigAls87Z28]

Mark LaNeve...ugh. Did a decent job at Caddy, couldnt market himself out of a paper bag!!

[twin99]

I been thinking about buying GM stock but just don't know......given what's going on I feel real nervous about their future.

I just can't imagine GM going under. I mean what the hell would we do for motors for our tanks and stuff. Go with a Fiat engine?

[BonzoHansen]

NO DO NOT BUY GM OR F NOW unless you are prepared to lose all of it.

[twin99]

Originally Posted by BonzoHansen

NO DO NOT BUY GM OR F NOW unless you are prepared to lose all of it.

I second that. At $1.75 I almost bought a 1000 shares. Could have flipped it as a day trade when it bounced back into the threes.

But I wouldn't hold my breath. They need a real plan not just money.

Money will only buy time.

[BigAls87Z28]

Ford is very undervalued. Ford has enough money to get through 09 and overall is the best equiped to handle this downturn out of the 3.

[SteveR]

Originally Posted by BigAls87Z28

Ford is very undervalued. Ford has enough money to get through 09 and overall is the best equiped to handle this downturn out of the 3.

Indeed, and I think their sales have taken the least hit so far out of the 3.

[Savage_Messiah]

Originally Posted by Jersyboyy

hahaha lickmyballs.com has a pick of a chick licking her nice red lips. and then a bunch of links so some cool sites THANKS AL!!

You just admitted you actually went to a site called lickmyballs.com.....