Yes, which turned out better than anyone really thought it
would...thankfully. (Well, until Daimler bought Chrysler much later...a sad
day there). Chrysler needed those government loans initially though or it
wouldn't have worked.
I will be interesting in this case since we're actually dealing with both GM
and Ford at the same time. Not sure the same sort of deal is even possible
this time around. We can keep our fingers crossed though!
snipped-for-privacy@ReMoVyahoo.com (Dennis Smith) wrote in
Why is it so offensive to discuss GM's current problems here in a GM
newsgroup as they are getting plenty of press and TV time recently.
Many people are Brand loyal, but it usually is based upon superior
performance, reliability, features not available on other brands, and
customer service, but here it seems to be based mostly on blind bias
without any regard for anything else.
Unfortunately, this kind of arrogance and disdain for their former
customers has brought this once giant in the industry to its knees.
If you are offended by the current facts, you better hope the management at
GM changes its attitude and the way it operates or else you really won't
like the news a couple of years down the road.
If your opinion is correct imagine how many more vehicles GM will
sell than Toyota, if they follow your advice. Even if they where
actually doing all the bad things you say they are doing GM still
sells more than twice as many vehicles as Toyota does today. So
does Ford LOL
Simple fact of life and business. Every so often you need
to do a garage sale and spring cleaning. Get lean, mean,
and have space again for new ideas. All I see with GM and
Ford is stodgy bland business like usual mentality, and
that's not what I really want to see in a car.
BMW, otoh, they "get it" - their Mini convertable is a sweet
little car to drive. They took an old failing design with
potential and made it inso something great. GM takes Saab
and de-evolves it almost instantly to their oatmeal-esque
Ford, well, Ford is Ford. They have huge issues that
run deeper than management and image/new designs.
Your are confused, AGAIN. SAAB under GM is selling more cars
than at any time in its history. Fords 2005 truck line is the
number on selling truck line and has been for 28 years. The
Escape in the number one selling small SUV and the Explorer is
the number one selling mid size SUV. Fords new cars, the 500 and
Freestyle are selling quite well without rebates. The new
Mustang has more 2005 orders than Ford can produced, even with
the increase of production by 80,000 units. Get real
Joseph Oberlander wrote:
What kind of moron would come into a GM NG to gleefully gloat
that this great American company lost money in the first
Mostly like some jerk that works for McDonald's or some other
menial job that owns a five year old import, that he bought used,
with no regard for the companies that actually provide decent
paying job for millions of Americans.
Particularly when GM was the first company to realize it was the
American consumer that would have to restart our economy after
the divesting hit the economy took on 9/11.
The whole travel industry was in shambles. Millions of Americans
would soon be out of work like thousands were already. Money
from the government in loans and grants was not going to do more
than move back the time when millions more American workers would
begin losing their jobs.
GM spent hundreds of millions of dollars on ZERO interest loans
and rebates to get things going again in the US. If GM and other
American manufactures didn't do something to restart our
economy, at that time, the economy of the world would have gone
into a deep depression. The US is after all the worlds biggest
Speak to any economist and they will tell you the action by GM
was a brilliant move, that lead the other US car and other US
manufacture to get with the effort to restart the economy. The
Japanese and other import manufactures did next to nothing,
except to take more and more money out of the US tax free.
Wake up America, if you expect to have decent jobs available in
this country in the future, for your children and grand children,
you better start looking at the labels on the things you buy and
buy more American good before it is too late. Don't be one of
the people out sourcing your own offsprings jobs
No One You Know wrote:
You actually have the balls to post this and claim that it had anything to
do with GM.
The consumer is always the key to keeping the economy going. When fear
about the future or anything effects consumer confidence it can have a
severe affect on the economy.
GM'S zero percent loans had nothing to do with the recovery after 9-11.
Several airlines were on the verge of bankruptcy before 9-11, and still
are, for the same reason GM is having problems, gross mismanagement by
agreeing to contracts with labor which they can't afford, and are out of
line with the competition.
Industries which have some of the highest paid executives and workers in
the world, who turn around and give cash bonuses to these same people and
then expect to pass this on to consumers, will end up in trouble as we are
seeing in the airline and auto industries.
There are other factors but the salaries and foolish agreements they make
are one of the main problems.
Let's see here, $19 billion in ready cash and assets worth in the
$100's of billions. Yep, sounds like "gross mismanagement" to me.
Really sucks to be GM doesn't it?
The market is tough compitition and rightly so. Too bad the playing
field isn't level though. Most other auto companies in far off lands
don't have to pay for health care as they have nationalized health
care. Then there is the pension thing, well most of the other overseas
auto companies are too young to have aquired many retirees yet. Give
them another 30 years and see how they react.
As far as wages and bonus payments, good people demand good wages and
other benefits. You just wish you had half the benefits the 'Big Three"
In Japan, they pay their asses off in taxes. And it all goes to
pay for healthcare and such, so the net effect is that they end
up spending as much if not more per worker.
Japanese companies have excellent compensation for retirees
as well. Also, if a company in Japan hires a citizen, it
is understood that the offer is good for lifetime employment
or until the company goes out of business, if the employee
wishes it. (though not so if you aren't a citizen)
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