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October 24, 2021 6:00 am
The Year was 2009 and GM was on the Brink, Robby was honored to share his insights on The G Gordon Liddy Show back when it was happening...
An amazing trip down memory lane ....
This show is in general and General Motors chief executive is now saying that the automaker will be liquidated. If it were to file for Chapter 11 bankruptcy protection is a very drastic statement considering many companies choose a Chapter 11 bankruptcy for protection from creditors, and the ability to reorganize. Thus, this landmark statement raises the question of whether General Motors could be solvent. Even with additional bailout funds not to discuss this with me. I have a second-generation car guys, my guest.
His father Bob Gilmore worked for Buick motor division for 17 years and is now CEO of an automotive consulting firm Robbie Gilmore, Mike yes spent 35 years in the retail automobile business going all away from car washer lot boy up to service manager and then switch to selling cars and he became the finance and insurance manager for new and used cars, sales, and was general manager and a dealer principal and majority stockholder of a Chrysler Dodge Jeep dealership for 10 years, right up until a 2008 and he now has a radio show of his own. It's called the Christian car guy, which was started when he was still running his dealership in 2006 and Robbie, welcome to the show as guides for it is an exciting time.
Interesting times in all Chinese cursing me you live in interesting times. Why do you think Wagoner would say the Chapter 11 which is specifically designed for protection from creditors while you reorganize it would give them the ability to break these legacy contracts and all the rest of it that are strangling GM, why, why would he say that it's which is what he saying is the functional equivalent of chapter 7.
What I don't understand a lot of money to operate the company. Chapter 11 they don't like to have the debtor be $12-$13 billion in order to get them through that. So the only option of going there would be to start to liquidate because it is so hard for them to get financing right now if if the government does and provide something for my backside now is that will be imposing various schemes and things that would be the functional equivalent of Chapter 11 but I don't I don't see that happening because the last thing the UAW wants is for the end of the company to be able to get out of these horrendous legacy costs at the problem of trying to figure out exciting time. What comes out of the will will be part of looking and do you know where work where were headed from here but nobody want to talk about the real problem because what General Motors is facing what all the carmakers are facing right now is that American public that is not in a position to buy cars like they had been in the past. There's a tremendous problem that nobody seems to be in all the plans I've been laid out all the things you doing everything what about the fact that the average American. I now have $5000 negative equity and not in a position to trade and how we can address that with a vehicle that will spell in this current market and sell the other didn't you just you gotta be addressed in order for them to go back and keep the financing it okay that the Bible we think it can work. What you gonna take to convince the business world. Given that, you and standing is General Motors and Chrysler and Ford have far more dealers than they need, but there involved in contracts, franchise agreements that are in accordance to the laws of the several states that would also require probably a Chapter 11 to straighten out what the dealer situation is very very good right now because everybody here to sell the 18 million cars at the auto American auto industry represented the last year, but now with the current average being more around 9 million card. It's not just manufacturers that are suffering big time in all the dealers on tracků On the day that sonic one of the largest change. It is considering whether or not there to be called moving forward. So it's a it's a it's very very difficult time to figure out where is all the cash to become because one thing that carbon require is gobs and gobs of cash right is minute realizing the potential for sales of what has been his want to loan money you planned. Absolutely the bigger story 20, $25 million. So much of a drag on sales is the fact that people have to consider Sam to go by Chrysler or something. I'm thinking of it but these people may be out of business in and I'll have an orphan to me. The closer problem that they may run into have a credit card to pay off and they need to be really careful to make sure that in that transaction actually get the check for the payoff or they know for certain that the dealer that they traded with the author Craig what happening with you go bankrupt is that people are treated in card with the payoff amount left over that on the new car finance as well. The car that they traded him for that, that the real right this second issue, then you got the long-term nature of the warranty and how I can get parts of the car goes out and all these things are part of what question are felt downright admit. I think we know God will make away where there seems to be no way in.
Gotta be a way to drive sales any expert in the field will tell you the answer to this problem is we got a seller way out of his sponsors. If you'd like to get in on this conversation is one 800 GT 31 800-445-4339. My guest is Robbie Gilmore is a real car guy knows the business now is your chance to find out from if you work in question for you Robbie just kind of standby will be right back at all just Robbie Gilmore and Mark.
I noticed from your bio that you work for truth broadcasting and you have three radio shows Christian car guy.
Robbie's hobbies and Christian swap shop.com and not I understand the enterprises but I don't quite understand the Christian connection will obviously Lord is a huge part in in what we all do, and I was really excited to be able to take you know my passion for the automobile business and other things into the Christian network we you know truth broadcasting is a Christian teaching and talk network and we reach out to Christians throughout the Southeast and again I'm on Sirius Channel 161 family that radio as well with the message of you know, how can we find out what God is doing and so to get in on it, even in the carbon Lacey okay what is God doing in the event this is ever a business that needs God right now it's the car business we do and and and certainly I'm hoping that people be praying form what we need. It is in the Bible tells us not to be doing that we don't need all this that and and it's all of us that made cars idols, so to speak. That went out and bought more cars we could afford. What more houses and we can afford.
The situation is is that that's a real huge issue in the American economy and and people can't trade when the banks will continue to just keep allowing them to have no liquid now.
Now you know.
Speaking of who's at fault here and what have you. With respect to the near demise of the car industry in the first place. The ones that are in trouble is not so much the American car industry. It's the Detroit car industry because there are American autoworkers who are not in the union putting together very fine cars here in America. The well.
I think you actually Toyota and Honda RRR suffering along these lines in some of European automakers as well are asking their government for money because when you go from an 18 million market to a 9 million market causes a lot of problems for all the well. I certainly agree that the none of them are on the verge of collapse away before General Motors. It was General Motors, Ford isn't in Fort hasn't asked for any money and that their problem is they got some really fine products that they've developed over in Europe, especially with diesel engines and they won't let them bring them here to the United States because it not manufactured by UAW if I can speak that what that problem is amended in my view is that back when Henry Ford Lee Iacocca.
Some of this people in the past there heart was to build a car that was a great car that Americans could afford, and those were what I would call real car guys we have those in the car industry and Kohl's with General Motors people that loved to build great cars that Americans can afford what happened. Unfortunately is a lot of accountants took over these companies and rather the heart of the company being to build a great car. Americans could afford it was to keep raising the price of these cars because he could make more profit on a more expensive car and it became more of a of a great thing. Not unlike AIG a lot of things that are going on right now is to if we could get them to buy a Cadillac Escalade rather than the Chevy Tahoe version, you know, we can make a whole lot more money well is that things started to back up on. Then we had a lot more American dad and and this is going on from the 60s and having so cars clear back since the 70s myself, I can tell he's become have 36 month financing and need 10% down and today you might get 84 month financing and you could get a -10% down, but we just got this email in Robbie Lisa's dear G-man I have heard Robbie show and it's pretty neat question. Do you think there is a moral necessity for me as a Christian to buy American-made cars. My husband thinks that if it isn't a Ford or Chevy. It's just not right. I love my Camry and would like another one. What does your guest think this is an NFL or sends us from Las Cruces, New Mexico 14. I appreciated very much. I think that that is between him and God know my personal opinion is, you need to buy a car that's best for your family. Certainly from a financial standpoint right now and what you can afford and if you can buy without going into debt, then you really, really good to be in a position to take your your family through whatever else were faced well I don't know. I think God is probably neutral on the subject of what car you buy, but I don't know Franklin is concerned because he was talking to Mrs. Franklin the other day about a car and there appeared writing on the wall it said many many like that yeah yeah you been weighed and found wanting, riding on a log and I would buy that car, that would be the one that that certainly you know that would be obvious especially if you live anywhere close to Babylonia yeah I have a question if you don't mind, just because I see what is subject to the shows are Franklin raffia producer people call you for advice on car repair as well and then you have sort of a Christ centered approach approach to repairing automobiles. Well I ask because I guess I'm I'm an amateur diesel mechanic.
My work on a lot of marine engines and I just I'm just fascinated how you incorporate worshipful existence with a field of trader trade which involves often a lot of cussing and I can assure you I having grown up in the car business is is you know my father was a party with that I was back in the shop and I heard a few words back there and and and certainly the good news is that there are great wonderful bunch of Christians out there that are working on cars and I have some of those guys as experts on my show regularly. Of course, having been around all my life I have a lot of those answers as well, but it's amazing to me and and and if you want to listen to a great podcast of the show show called share your prayer repair and share your prayer repair right and had always listens call in that that that they their repairs were made through prayer. They were on their way to this situation all of a sudden not happen in story after story forgot stiffly.
I think he really loves us and he believed loves to hear from us, whether work tinkering with the car or whether were fixing to make a big purchase my car dealers at Weingartner Chevrolet. That's where I got my Duramax diesel and I heard a guy in there working on and that he scanned his knuckles and wasn't ready. You know, he said to share and took us to understand soon so your relationship with your Lord and Savior guides your work while you're doing it as well.
Are you thinking are you thinking prayerfully of him and his life and his commandments and his relationship with you as you execute well my my hope would be to someday be able to do that constantly.
I heard a wonderful article one time about people use prayer for like a phone line to call of God to be wonderful. At some point time to never hang up and and honestly, you know that's that's my joy is to develop that relationship to where yeah could get to that point in my there are no not right this minute and everyone spouse only gets me to hang out but I got another direction, but I think that the part of being all that we can be part of seeking everybody's good is is to seek the Savior, that was certainly a Saul of Tarsus's view, but I know nothing about these lands and make them intent.
I said so stay away from those objectives don't touch the timing thousand I want to thank you Robert Ryan and my guess is Robbie Gilmore needs is a great guys get a great sense of humor, and he said he knows the car business. Thank you so much.
Thank you, Douglas, if you house a second alright folks, that's it for this are the G show in say what would you do if you were a new Christian and you didn't have a Bible.
Michael will work my way from Bible, the international you probably say well and hop in my car I go to Christian bookstore have one shipped to me with those word options sing with the faith. I mean I need to know what it means to grow in the grace and knowledge of Jesus, you know, you would pray that someone, anyone would bring you a Bible. That's exactly the way it is for literally aliens are Christians around the world are part of our spiritual family there new to the faith they want to know what it means to grow in the grace and knowledge of Jesus but God has them planning where it's very difficult to access the Bible and that's why the Truth Network and Bible league of teamed up to sing God's word to 3500 Bible as believers around the globe. Our campaign is called the world needs the word five dollars in survival $100 since 20. Every gift matched your most generous gift by calling 800 yes word 801 ESW ORD 800 yes word or give a Truth Network.com