...To not correct their manifold and head gasket problems for so many
Well their not responding to customer complaints for so many years has
finally resulted in the "shit hitting the fan"!
Lawsuits are coming in... Just not what GM needs now.
It's obvious the problem is one of design, the hard working plant
workers can't be blamed for this one, but it has now become a management
problem due to many years of inaction by GM.
Read how these GM customers feel about the situation:
Which usually results in very expensive repairs.
The Canadian TV news items on this recently cancel out many scarce
dollars spent on advertising.
Thank goodness Chrysler treats their customers much better than GM does.
There were design problems with Chrysler's mid 80s LH car air
conditioner heat exchanger. Chrysler extended the replacement of this
troublesome part to 7 years. I had mine replaced 3 times at Chrysler's
expense in the first 7 years, now it appears OK as it's been fine for
the last 4 years.
Zzzzzzzzzzz! Get a life man. Your web-name, "ihate" is well chosen. Try
working towards "ilove" or even "itolerate". Hell, even "idislike"
would be an improvement! *LOL* It's bad on your heart to be so wrapped
up in bitterness. Find something positive in your life. There must be
something positive in your life. (Although it's not readily apparent.)
If not, buy a pet. As long as you feed it, it will love you
unconditionally, in spite of your incessant whining. Just don't beat it
to death as you do every subject that you whine about in the
The hate in this issue is in your mind man. You only read the
negatives, but from me there is a message.
I'm feeling very sorry for those GM customers (I know a few) who are
facing big bills to fix this gasket problem that GM management has
ignored so long. I repeat that was an ugly thing for GM to do.
I'm posting a legal site URL who would like to hear from those
unfortunate owners affected by this very serious problem.
I worked a number of years as an engineer in manufacturing so I can
appreciate how frustrating it must be for the GM engineers to see
serious problems passed over, usually for short term financial reasons.
This attitude of GM can even make it difficult for the company to retain
and hire to top people. If they don't straighten out their problems
very soon few quality people will want to work there.
Didn't you notice how happy I was with Chrysler's support in fixing my
air conditioner. It only took Chrysler a few years to react to their
problem. I also has serious problems with a new design Chrysler manual
transmission in '81, then they also stood behind it and eventually
completely replaced it. My relationship with people repairing my cars
has always been up front and level headed. (I can't say the same for
the many BS car salesmen who I simply walk out on and go to another
An intelligent discussion is not spam or hate.
I have, or obtain from others, the knowledge to analyze most car
problems and communicate intelligently to the maintenance shop.
That saves me lots of dollars and time.
I save even more money if I judge I can easily fix the problem myself.
Yes I've seen first hand the difference in quality of design and
construction on the cars I've owned over the years; mainly GM, Datsun
(now Nissan) and Chrysler. Also on the many cars of many makes I've
My cars go significant miles over a number of years.
They all had their problems, but quality trends in design and
construction are very noticeable.
I also feel sorry for you who seem want to stop discussion of technical
and management problems at GM. Face the truth of what is being said and
learn from it. You are very cool (cold) EH!
You sound like you could be part GM management, double sorry for you if
I'm also an investor, so I have another reason to discuss the very
serious GM company problems. Ignoring those problems is like sticking
your head in the sand. If GM crashes there will be serious consequences
for many people in many companies and as usual the common share
investors and workers will be the last to pick up any remaining scraps.
I have a 97 3.1 GA, with about 129k miles on it. Great car for the most
part. I replaced my Intake Gasket at about 75k miles...yeh I was pissed cuz
it cost me about $850, but I really became pissed when I found out it was a
problem being unaddressed for over 10 years. After replacing it I remember
my father telling me about a water gasket leak he fixed in his 85 Olds 98
with a 3.8 engine, which cost him almost $1k at that time, so I put 2 and 2
together and remember it was his intake gasket, so the problem was there in
1985 and continues to this day which is actually a problem unaddressed for
20 years!!!! No wonder GM is hitting the skids!
Precisely. I'd highly recommend that you try an intelligent discussion
and stop spewing the hate. ;-)
No "ihate", we just want to stop your incessant whining! It has become
more than a bit monotonous.
As with most of your rants -WRONG AGAIN!!!! I'm an investment banker.
Too bad that you're not an astute investor or you would have already
made a pile of money short-selling the stock! By the way, being an
investor does not for a minute suggest that you should discuss
investments in an automotive news group! Share your amazing investment
knowhow in an investment NewsGroup! Heh, heh! Would you post automotive
comments in an investment newsgroup? ;-)
Whining about all things GM and rubbing your hands with glee at every
GM misfortune is like sticking your head up your ass and developing an
Your gutter language and unintelligent responses says it all about you.
I also feel sorry for your investing clients.
Your selling short GM is not very positive about GM, but you should then
be very happy for all the bad GM news.
Just to put your head a bit straighter, I and I know many others would
like GM to survive, but we know that isn't possible with the current top
management. They are simply delaying a severe restructuring which has
to come to survive, likely spending more time protecting their own
positions than improving the company.
I'll not be responding to you again, unless you stop the gutter talk and
talk with some intelligence.
Spam Hater Just Plain Hater (ihateATspamDOTnet ) whined:
You've taken 3 days to respond and that's your best shot! *LOL* There
was absolutely no "gutter language" in my last response, which leads me
to conclude that you are as poor a linguist, as you are an investor. My
clients are quite happy with the returns they glean on their
investments. If you really were an investor, you would have understood
and appreciated the "short-sell" comment. Methinks that your comment
that " I'm also an investor" was a bit of wishful thinking on your
part. You are certainly not an astute investor! *LOL*
Your knowledge of GM's chances of survival is as abysmal as your
knowledge of investments, "ihate". You and those "many others" who
"know that isn't possible with the current top management " for GM to
survive must have an axe to grind with GM, because GM can and will
survive their present financial woes. If you were the investor that you
claim to be, you would have an inkling about this matter. People like
you who use generic terms like "I and I know many others" tend to be
blowing smoke. "ihate", you can only speak for yourself. You can't
speak for others. Stand alone like a man, stop whining and be counted.
;-) You would have to be blind, deaf and dumb to not know that GM is
already undergoing "a severe restructuring". What planet have you been
You will save yourself much embarrasment by not responding "ihate". You
are better off remaining silent and appearing stupid, than opening your
mouth and removing all doubt. *LOL*
jcr, it's one thing to know that a company is going to survive
financial difficulties, in the long term. It's quite another thing
indeed to be able to capitalize on their immediate financial
difficulties by making money in the markets, in the short term. That's
simply called knowing the company well and knowing the stock market
(people) well. It's amazing how much money you can make in the market
by watching people panic sell. (People like "ihate" who think they
understand investments tend to panic sell.) Short selling is often a
short-lived window which only works until the stock begins its rebound.
There are few companies that you can't sell short during their life
cycle and not make money.
It's fairly simple to determine jcr. Just watch quarterly performance
results and sustained profitability over 2 consecutive quarters often
signals that the corner has been turned. But you have to be able to
properly assess performance to be sure that positive results haven't
been manipulated through intercompany machinations. Generally speaking,
sustained profits over 2 consecutive quarters PLUS a forecast of
sustained profitability over the ensuing 2 quarters is what you should
GM's corporate calendar indicates that on Apr 20, 2006 at 9:30 a.m. ET,
they will be holding a 1st quarter Earnings Conference Call. I'll quote
"The conference call will be hosted by Fritz Henderson, GM Vice
Chairman and Chief Financial Officer. The call will begin with a brief
review of First Quarter earnings followed by a question and answer
session for securities analysts and media, respectively. The conference
call is expected to last approximately 90 minutes.
A copy of the press release, financial statements and operating
statistics, and financial charts will be posted on our Investor website
http://investor.gm.com in the Earnings Releases section at
approximately 8:00 a.m. ET on April 20, 2006.
To access the conference call, please dial 1-800-255-2466 (or
212-676-5409 for international access) 10 minutes prior to the start
time and ask to be connected to the General Motors conference call.
A taped replay of this call will be made available from 12:15 p.m. ET,
April 20, 2006, until 12:15 p.m. ET, April 22, 2006. Please dial
1-800-633-8284 (or 402-977-9140 for international access) and enter
reservation number 21260965 to access the taped replay."
It's a good question.
I short sell when a company is almost sure to be toast, but the last few
years short selling hasn't been necessary to make lots of money if one
buys good companies- positive investing.
Such wonderful GM engineering and a truly marvelous Customer Relations
The GM Board, and dealers took out an ad, praising Wagoner's "leadership".
His "leadership" saw GM's market share head for the basement as has its
stock price and bond rating. Great job Rick Wagoner :-(((
GM dealers give CEO Wagoner a ringing endorsement: "Wagoner is leading the
best management team at GM since Alfred Sloan," . That has got to be a
marvelous exercise in denial, stupidity, blindness or all of the above.
Toyota poised to become the world's largest automaker
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