Per Johnny Action:
And after Chrysler got back on its feet, Lee Ia-coo-coo used the Company as his personal cash cow to drain up to 20% of the annual net profits as his salary. Don't look to that leech as an example.
Nothing will save GM unless they offer products the competitors won't or can't, in terms of economy, durability, and reliability. While everyone in the business brags over these terms, GM must replace their entire engineering department with hundreds of Russian ex-aerospace people to build a new vehicle from the ground up, using aircraft principles at competetive automotive costs. It can be done. It must be done or GM is finished.
One example: A '54 Chevy starter motor remove and replace is a 15 minute job. How long does it take on your late model G.M. car? Call the dealership and find out how many hours labor he charges to do what USED TO BE a simple job. That's what I am talking about. Economy is not all miles per gallon.