Toyota quality

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He is right. It cost the American tax payers $60,000 USD for each GM sold in the US in 2009.
What about that do you not understand?
And you don't even own a GM because you know they are over priced crap.
And GM isn't making money, oh ya, some of their operations did once you strip out management costs and a hoard of other things like engineering and delivery to the custom and finance losses. When you add it up, GM is still losing money left and right.
Then their is the government finance arm of GM, GMAC, getting another taxpayer-debt infusion for all the bad loans they issue to GM buyers that no one else will touch. Bad and no credit comes to mind. Want a GM and bad credit, no problem. Go to GMAC, we lend to those that will no pay.
This is just Obama-democrate voodoo economics, defraud of the taxpayers. The cost blead is still going on.
On 31/01/2010 10:13 AM, Mike Hunter wrote:

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Canuck57 wrote:

I believe that it was its mortgage business that had the biggest problems, not the auto loan business.
Most of GMAC was sold in 2006 to Cerebus Capital Management, the people who bought Chrysler.
Jeff

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wrote:

Pontiac. With the end of Pontiac there was no longer a Pontiac Vibe to be built. The car was not sold under any other GM brand.
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That is almost right. It was made by the NUMMI facility, which GM dumped and Toyota decided not to continue. The Vibe was a sister of the Toyota Voltz that was a Japanese failure.
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On 31/01/2010 1:08 PM, hls wrote:

You have to look at it from Toyota's perspective. UAW plant in expensive California.... Just the overhead in dealing with California government greed and complexity would need a small army of accountants, legal, HR and others to keep it going. Why not just close it? Excess capacity and make them elsewhere.
Good cost cutting move. Stupid place to put a auto manufacturing plant in anyway. Probably was subsidized by California government at one time before they went broke.
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Once again our friend Canuck57 is telling us the sky is falling LOL
wrote in message

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wrote in message

The Vibe is basically a glitzed up Toyota Matrix. Now maybe that is a Voltz in Japan, but in any case, it is just a jacked up Corolla wagon.
Ed
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(Cross postings removed, automatically)
Interestingly industry figures always showed that one could always drive home a Vibe, for an average of $2,500 LESS than a similarly equipped Matrix
wrote in message

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On Sun, 31 Jan 2010 14:27:59 -0500, clare wrote:

Toyota pulled out of NUMMI after GM suggested something, I can't recall now, but it was something similar to Democrats trying the same thing over and over and expecting a different result, and Toyota said, "ENOUGH!!!"
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It was discussed on the group some time ago. IIRC, GM pulled out related to the cost cutting times around the bankruptcy. The plant had always been a disaster, too expensive. Toyota had no reason to continue to use this plant with Pontiac gone and no Vibe to make. The high cost of California did this one it.
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The sooner socialist politicians realize that crippling taxes cost jobs, the better we'll be for it.
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On 31/01/2010 3:39 PM, Conscience wrote:

Not likely to happen, but I agree with your statement otherwise.
Bernie Madoff, $50 billion into a black hole and goes to jail, Obama drops $2 trillion, of which $100 Billion or so into GMs black hole. Even more for "select" banks because the select rich deal there. Pretty hard to explain to Warren Buffet, Bill Gates and others the FDIC limits.
Ever wonder why one bank gets assistance and another does not? Bet the government would not want people to see the client lists and cash in accounts for a little scruteny.
And Congress is looking at Bernie like a top criminal. While Wagner gets a $20 million pension from Gm-Caryle. Just depends on who you are ripping off.
Go figure. Have to feed the biggest corruption engine in the USA, Washington DC. Times are tough, some will not be paying for the senators and congress people this upcoming election. I wonder who will drop out.
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Once again our friend Canuck57 is telling us the sky is falling LOL
said:

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I wrote here months ago, that compared to Congress and the current WH occupant, Madoff is a rank amateur.
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On 31/01/2010 6:18 PM, Conscience wrote:

You were right.
Americans should see this a selective law enfrorcement and proof positive that the government is not in control by the people, but controls the peoples.
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Once again our friend Canuck57 is telling us the sky is falling LOL
wrote:

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Mike Hunter wrote:

How do you expect them to do this overnight? Do you think GM, Ford or Fiat could do it faster?

And what order would you put them in?

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Duh, repair the cars currently being driven on the highways by their customers, dummy. LOL

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fit to drive.
--
Clive


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