Why do you think GM and the Camaro will disappear if they do bankruptcy? The only thing that will happen, is that the unions, retirees, dealerships, bond holders and others will lose the ability to milk GM of billions of $$$ each year.
Washington Post: U.S. to Steer GM Toward Bankruptcy http://www.washingtonpost.com/wp-dyn/content/article/2009/05/21/AR2009052104467.html The Obama administration is preparing to send General Motors into bankruptcy next week under a plan that would give the automaker tens of billions of dollars more in public financing as the company seeks to shrink and reemerge as a global competitor, sources familiar with the discussions said. The move comes as the administration prepares to lift the nation's other faltering car company, Chrysler, from bankruptcy as soon as next week, industry sources said. The shifts into and out of bankruptcy are landmarks in the Obama administration's attempt to broker a historic restructuring of the American auto industry in the space of months. The legal tactic is viewed by some as the best means of reviving the companies. But the speed of the government-led transformation has triggered complaints that the rights of investors and dealers are being trampled. Meanwhile, fears that a bankruptcy could lead to cascading business failures are spreading throughout GM's vast chain of suppliers. Under the GM draft bankruptcy plan, the company would receive just short of $30 billion in additional federal loans, a source said. The figure is a starting point in negotiations between the government and the company, the source said, and could change as could the timing of a filing. A cash injection that large would boost the U.S. investment in GM to nearly $45 billion. The government previously indicated that it planned to take at least 50 percent of the restructured company, and likely would take the right to name members to its board of directors, as it has at Chrysler, where the government will control four of nine seats. The United Auto Workers retiree health fund is set to own as much as 39 percent of the restructured GM, in exchange for giving up its claim to $10 billion that the company owes it. Yesterday, the union announced that it reached an agreement with GM that will reduce the company's labor costs. Still unknown is what part the Canadian government might play in the ongoing GM restructuring. GM operates several plants north of the border. The Canadians agreed to invest about $3.5 billion in the Chrysler restructuring and control one of the nine board seats. In the GM negotiations, the Canadians are poised to make a similar investment, but they are seeking assurances that the share of GM production in their country will remain the same. "China isn't putting up the money, and Mexico isn't putting up the money," said Tony Clement, Canada's Minister of Industry. "But if we're putting up the money, just as the Americans are, then we have the right to protect our production capacity." [more at the Washington Post link as provided above]
The stock went to almost $2 today. wtf does a bankruptcy mean for the stock price? if its zero, theres an awful lot of coin to be made.
No shares available to borrow most places. Guess if you're convinced, you can write mass quantities of naked calls.
Here's some guesses http://www.reuters.com/article/ousiv/idUSTRE54E4FQ20090515?virtualBrandChannel=10531 , I've seen CSCO tossed around a lot.
Several years ago a dishonest mechanic I knew of bought an early 80's diesel mercedes sedan with 350k miles on it - he rolled back the odometer by 200k and sold it. The new owner put another 150k+ on it, and still drove it daily last I knew. But don't expect that kind of durability from a post-chrysler mercedes, not even close. The Germans have learned the wonders of the leasing cycle and how to build shit that breaks down right after warranty expiration from their American colleagues.
Ha! My mom had an old 300E and that thing ran 300,000 miles or more, Great car. Then she decides to buy an M class SUV... We paid about 28,000 for it used and traded it in 5 years later for about five grand. I swear the thing was a lemon, nothing but problems. I thought people were full of shit when they said don't buy post-chrystler mercedes, and I learned that one the hard way. Ill never buy another mercedes...