Dedicated to the Promotion and Preservation of American Muscle Cars, Dealer built Supercars and COPO cars. |
|
|||||||
| Register | Album Gallery | Thread Gallery | FAQ | Community | Calendar | Become a Paid Member | Today's Posts | Search |
|
|
|
Thread Tools | Display Modes |
|
|
|
#1
07-06-2008, 02:03 AM
|
|||
|
|||
Mattel Inc. worth more than G.M.
According to the latest stock valuation Mattel Inc. now has a higher market value than General Motors. Matchbox and Hot Wheels cars may now be worth more than the full size versions.
|
|
#2
07-06-2008, 02:20 AM
|
||||
|
||||
|
Re: Mattel Inc. worth more than G.M.
It's a very bad time for US automakers. FWIW, the business section of our local paper says GM and Chrysler are on the verge of bankruptcy. Kind of scary.
__________________
Rick 1966 Chevy Caprice 427-390 2012 Chevy Camaro RS Convertible 
|
|
#3
07-06-2008, 03:31 AM
|
||||
|
||||
|
Re: Mattel Inc. worth more than G.M.
I read analysts expect GM to burn through 18-24 billion yes that's billion with a B in the next 18 months... And only have 9-10 Bil cash on hand... so it's either pledging assets as collateral or some creative financing... Bet they are glad to have unloaded their majority stake in GMAC, as they are getting NAILED in the mortgage mess!
__________________
~JAG~ NCRS#65120 68 GTO HO 4 spd Alpine Blue /Parchment 2 owner car #21783 71 Corvette LT1 45k miles Orig paint - Brandshatch Green - National Top Flight - last known 71 LT1 built. 71 Corvette LT1 42k miles Original paint - Black - black leather - only black LT1 known to exist. NUMEROUS Lemans blue Camaros, Monza Red and Daytona Yellow Corvettes & a Chevelle or two... Survivors, restored cars, & other photos https://picasaweb.google.com/lh/myphotos
|
|
#5
07-08-2008, 06:16 AM
|
|||
|
|||
|
Re: Mattel Inc. worth more than G.M.
So my diecasts are now worth more than my car?
__________________
69 Chevelle SS L88 "Day-2" Lemans Blue 69 Chevelle SS L34 postsedan project-Azure Turquoise
|
|
#6
07-08-2008, 06:52 AM
|
||||
|
||||
|
Re: Mattel Inc. worth more than G.M.
They'll probably take GM into bankruptcy, restructure the company (dump all its employee obligations on the federal government a-la the airlines) and move it to China (posibly Mexico but there's no Communist government to opress the workers and brutally stifle any labor unrest in Mexico). China: no EPA, no OSHA, no unions, no laws of any kind: the new Wild West. Who knows, maybe Chinese Chevys will be good cars? Cheap too! You'll probably be able to buy them at Wal-Mart!
Okay, okay, I'll stop now.
|
|
|
|
Hybrid Mode
