GM vol.59: All-in (?)

[StockExchange]

Ragazzi... mi sono imposto io....
Mi sembra che questo titolo avesse ricevuto parecchi consensi.

Veniamo da qui:GM vol.58: waiting for Godot

[Gaudente]

cioe' secondo te la posizione del bondista GM sarebbe quella del giocatore di poker con quattro assi ? a me pare che sia piuttosto quella dell'appecorato a 90 gradi che si e' pure scordato la vaselina...e gli tocca appunto prenderlo "all in" ,cioe' "tutto dentro"

[sprofano]

Originalmente inviato da Gaudente

cioe' secondo te la posizione del bondista GM sarebbe quella del giocatore di poker con quattro assi ? a me pare che sia piuttosto quella dell'appecorato a 90 gradi che si e' pure scordato la vaselina...e gli tocca appunto prenderlo "all in" ,cioe' "tutto dentro"

devi averla subita una marea di volte per conoscere bene tutti i particolari

[Giringiro]

Originalmente inviato da sprofano

devi averla subita una marea di volte per conoscere bene tutti i particolari

infatti. non so pertanto se la prossima e imminente totemizzazione possa rappresentare un supplizio o un trastullo

sarà il Gran Maestro Shark a dire l'ultima parola

[The Miracle]

Mentre noi ciarliamo , sindacati Chrysler e società han trovato l'accordo
http://finance.yahoo.com/news/Canada...&asset=&ccode=

[General Max]

Originalmente inviato da Pessimo Elemento

Allora... ti và bene: "GM... swippare o swuppare?"

Basta che paghino ...

Comunque c'è questa notizia, che posterò ora e che ho già postato ieri ( sulla vendita di azioni GM da parte del fondo dei dipendenti ) che, oltre la "preoccupazione" per la "probabile bancarotta" ovviamente, mi fa' chiedere: ma chi si è comprato il 12,4% di una società data per spacciata?

Tutto Laura F o risparmiatori impazziti?

Perchè per qualcuno che vende c'è qualcuno che compra ...

Almeno questa regola vale ancora???

GM Fund Manager Sells All Employee Shares on Bankruptcy Risk
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By Katie Merx

April 25 (Bloomberg) -- State Street Bank and Trust Co., manager of a 401(k) investment fund for General Motors Corp. employees, has sold the majority of its shares in the automaker on concern that the stock could lose all value in a bankruptcy.

State Street sold 75 million shares, or about 12.4 percent of GM outstanding common stock, between March 31 and yesterday, Julie Gibson, a GM spokeswoman, said yesterday in an interview. It held most of those shares in a 401(k) fund for 29,800 employees and retirees. The fund is one of several options available in the GM employee-retirement savings plan.

The investment company held a total of 103 million GM shares at the end of the year, according to Bloomberg data.

State Street notified employee investors of the move in a letter, saying that the trustee is authorized to sell the shares if there is serious concern about GM’s viability as a going concern or if there is no short-term possibility of recouping substantial proceeds from the sale of the stock in bankruptcy.

“State Street made the determination that this standard had been met due to the economic climate and the circumstances surrounding GM’s business,” it said in the letter, which was included in a filing with the U.S. Securities and Exchange Commission.

The sell-off probably concluded yesterday, State Street said in the letter.

Hannah Grove, a spokeswoman for parent company State Street Corp., didn’t immediately respond to telephone and e-mail messages seeking comment.

GM fell 92 percent over the last year and is operating with $13.4 billion in U.S. loans. President Barack Obama has given the Detroit-based automaker until June 1 to restructure its debts or file for bankruptcy court protection from creditors.

According to the filing, the funds from the sale were transferred to short-term fixed income investments. Plan participants have until May 29 to redirect their stake in the fund or the money will be moved to the employees’ default funds.

For Related News and Information: Top transportation stories: TRNT <GO> Auto sales statistics: ATSL <GO> Autos and U.S. economy: TNI AUT USECO <GO> U.S. auto bailout: STNI AUTOBAILOUT <GO>

Last Updated: April 25, 2009 00:01 EDT

[Pessimo Elemento]

Originalmente inviato da Giringiro

infatti. non so pertanto se la prossima e imminente totemizzazione possa rappresentare un supplizio o un trastullo

sarà il Gran Maestro Shark a dire l'ultima parola

Non posso quotarti perchè devo votare altri... ma questa mi è sufficiente per tutto il fine settimana... grazie Giringiro...

[General Max]

Un'altra domanda in attesa del "probabile" accordo Chrysler ...

Trastulliamoci un attimo al pensiero che GM raggiunga l'accordo con sindacato, BH istituzionali, fornitori ( quelli "selezionati" con il programma del governo ) e con i dealers ( che sono stati ricevuti dalla task-force ).

Da una parte è vero che si sarebbero assicurati la gran parte degli accordi per un "pre-pack", però dall'altra questi accordi dovrebbero comunque passare da un giudice per essere ratificati e soprattutto alla fine l'unico vantaggio per GM sarebbe quello di "spuzzanarsi" sui mercati nazionali e internazionali per 5 bln di bond retails che nominalmente al momento valgono si e no 750 mln ???

Non credo che il "gioco valga la candela" per ridare fiducia al NYSE e ai mercati ???

Facciamo un Telethon e li troviamo anche qui 750 mln ???

[Giringiro]

Originalmente inviato da Pessimo Elemento

Non posso quotarti perchè devo votare altri... ma questa mi è sufficiente per tutto il fine settimana... grazie Giringiro...

Troppo buono

[Self Made Man 78]

Originalmente inviato da Giringiro

infatti. non so pertanto se la prossima e imminente totemizzazione possa rappresentare un supplizio o un trastullo

sarà il Gran Maestro Shark a dire l'ultima parola

Attendere tutto questo tempo con l'auspicio di rivalsa totemico sul Dott. Gaudenzio e invece, al posto di sofferenze e piaghe, fornirgli ulteriore gaudio osservando, per l'ennesima volta, il ghigno sulla bocca di Muttley anche durante la fase punitiva: un assurdo gioco del destino.. assurdo ma non impossibile..

Anche il detnews parla delle importantissime concessioni ottenute da Chrysler in queste ultime ore di negoziati.

______________________________

Labor deal reached for Chrysler, CAW
It becomes first of several keys to more fed help
Alisa Priddle and david shepardson / The Detroit News

Chrysler LLC and the Canadian Auto Workers union reached a deal on labor concessions late Friday as the automaker continues last ditch efforts to meet an April 30 deadline to qualify for government loans.

The tentative agreement became the first of many deals Chrysler must reach with stakeholders to get aid, including a proposed noncash tie-up with Fiat SpA.

Ratification votes will be held in Canada over the weekend, with results expected Sunday night, said CAW President Ken Lewenza.


Lewenza said the union was warned that without an agreement Canadian operations would be lumped in with Chrysler's bad assets to be liquidated under Chapter 11 bankruptcy.


Lewenza



The CAW agreement comes with company assurances that Canadian assembly plants will be part of the "new company" that continues as a joint operation of Chrysler and proposed alliance partner Fiat SpA.

The plants will continue to build future versions of the minivans and large cars made in Ontario now, Lewenza said.

There is also a chance that a bankruptcy filing in the U.S. does not necessitate an equivalent filing in Canada, he said.

Also this weekend, the U.S. Treasury Department could make a counteroffer to Chrysler's secured lenders to reduce some of the $6.9 billion in company debt they are carrying.

The Treasury received the banks' latest offer Friday, in which the lenders reduced their request by $750 million, but there is still a considerable gap between the two sides.

The banks proposed dropping the debt level to $3.75 billion from $4.5 billion sought in the previous proposal submitted Monday -- or 54 cents on the dollar. The banks also dropped demands for $1 billion in preferred equity and a call for Fiat to put in $1 billion as well, said people familiar with the banks' position.

Unchanged is a bank demand for 40 percent equity in Chrysler.

The Treasury Department had upped its offer Wednesday from $1 billion to $1.5 billion in new debt plus a maximum of 5 percent of Chrysler's equity once Fiat's stake reaches 35 percent from its 20 percent starting point.

Rep. Gary Peters, D-Bloomfield Township, said he was pleased that talks were moving, but said the banks, led by JP Morgan Chase, Goldman Sachs, Morgan Stanley and Citigroup, "are still asking for much more than market value for their holdings, which amounts to a taxpayer subsidy."

"(The latest) offer was still far from reasonable," Peters said.

The White House planned to keep talking over the weekend.

"The president, his task force on autos and all of the stakeholders are working around the clock to try to get a deal that protects jobs at Chrysler," spokesman Robert Gibbs said. "The best way to get this deal done is for everybody to understand they're going to have to give something."

Analyst Joe Phillippi of AutoTrends Consulting Inc. in Short Hills, N.J., said, "unless the banks really come in dramatically in terms of what they are willing to take, I think it definitely results in bankruptcy."

Chrysler President Jim Press told company dealers to remain focused, insisting that no bankruptcy filing was imminent.

"They are trying to avoid bankruptcy at all costs," said one dealer who took part in the 10-minute call Friday morning and asked to remain anonymous. Press didn't answer questions. "He said this could go right down to the wire and that people are working very hard."

The Obama administration will decide Thursday whether Chrysler has met conditions to receive an additional $6 billion in loans. Approval is predicated on Chrysler finalizing its deal with Fiat, and cost concessions must come from all other stakeholders, including the lenders, CAW and United Auto Workers.

Fiat could still decide to buy pieces of Chrysler in bankruptcy if the talks don't succeed.

With less than a week to go, the CAW agreement becomes the first domino to fall into place.

CAW concessions amount to about $240 million in annual cost savings by eliminating some benefits, creating a health care trust fund and increasing productivity, while preserving base wages and pensions.

Chrysler Vice Chairman Tom LaSorda thanked the CAW for its "openness in this challenging environment to create a new strategy that will lead this company on a path to success."

And Chrysler chief bargainer Al Iacobelli, said the deal will "help to ensure the company's future competitiveness," and moves Chrysler a step closer to a partnership with Fiat.

Lewenza said the union will now go back and renegotiate with GM and eventually with Ford Motor Co.

As for stakeholders in the U.S. who have yet to broker deals, Lewenza said, "suck up your greed and make a deal."
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http://www.detnews.com/article/20090...+Chrysler++CAW