GM doesn't really have a plan, or if they do then it isn't published.
GM is hacking it's way along making up plays as it goes and hoping to
find salvation around the next corner.
Start by firing everyone who makes over $250,000 per year and then pay
whatever you must to steal as much talent from Toyota, Honda and Nissan.
And please, no more brain dead consumer products marketing idiots.
John, you must really have an axe to grind with GM to say such a dumb
thing. You would have to be deaf, dumb, blind and just plain stupid not
to be aware of all the cost cutting measures that GM has taken to
return to profitability. GM is winning numerous quality awards for a
range of vehicles. John, do you read the papers or listen to the news?
When was the last time you looked at GM's Financial Statements? Their
Plan is publicly laid out quite well in their Financial Statements for
all to see. Or perhaps you'd prefer to keep getting your information
from the tabloids, like Gosinn and Charge. They even offer a braille
version for those like yourself with apparently poor eyesight or
inability to read and comprehend. Frankly, I am getting sick of your
ill-informed meanderings and malicious rants. It is one thing to have
an opinion based on facts. It is quite another to offer a completely
uninformed opinion, as you seem to do quite frequently. You,
gosinnatgmaildotcom (Björn Helgason) and Charge seem to revel in your
brainless speculation on the timing of GM's demise. John, GM will be
around long after you Three Stooges are dead and gone.
No John, you are making up words as you go to express your dislike for
GM. Why are you even in this News Group if you dislike GM and their
products so much?
John, you sound like a bitter old man who was fired by GM or one of its
suppliers. This suggestion once again shows the illogic of your whole
attitude. You advise us that GM should fire "everyone who makes over
$250,000 per year". That is just plain silly John. You have no idea of
the identities, intelligence or competence of "everyone who makes over
$250,000 per year" at GM. And to even suggest that GM should seek to
woo every man and woman working for "Toyota, Honda and Nissan" and
then to "and then pay whatever you must to steal" them is an absolutely
stupid thing to say John. As with the GM employees, you have absolutely
no idea of the identities, intelligence or competence of any employees
at Toyota, Honda and Nissan. On a further note John, explain to us all
again how it would help GM to fire "everyone who makes over $250,000
per year" and replace them with people who make even more??? After all,
you did say "pay whatever you must".
John, it has become quite apparent who the idiots are. We can only hope
that the numerous mindless posts that you just bombarded us with are
the result of you waking up on the wrong side of a hangover! *LOL*
Surely no one in their right mind could intentionally post such
meaningless tripe! There's a place for you, Gosinn and Charge over at
I have read it all. When exactly does GM expect to turn a profit
again? The answer is, they either do not know or are not saying. A
play with no end posts is not a real plan.
GM is taking many actions, but they do not have a credible plan. You
seem to confuse actions with planning.
John, if you had read it all, you wouldn't be saying that GM doesn't
have a plan. Have you read their notes to their SEC filings? Do you
even know what SEC filings are John? Do you know the difference between
a Balance Sheet, a Consolidated Balance Sheet, an Income Statement, a
Consolidated Income Staement, a Statement of Sources and Uses of Funds
or a Schedule of Retained Earnings? When you can honestly answer "Yes"
to all of those questions John, you can then say " I not only read it
all, but I understand it all." And you clearly don't at this time
John, neither I, nor the investing community cares what you think is
credible. Because you really don't appear to have a clue about GM's
financial situation and/or plans. So cut the B.S. rhetoric and come up
with an original thought of your own - based on fact, not your
misunderstanding of fact. ;-)
Since you've read the plan, when does the plan show GM returning to
I haven't read it. But what I hear John saying is that he has read the
plan and stated that the plan doesn't indicate when profits are expected
to return. I'm curious...is that true?
If you are truly interested in GM's financial health jcr, you should
make it a point of reading the company's financial reports and press
releases. This information and their SEC filings are all available for
the world to see at www.gm.com under "Investor Relations".
jcr, that's what tells me that Mr. Horner either hasn't read or doesn't
understand GM's financial plans. GM continues to strive towards a
return to profitability in fiscal 2006. Here's an excerpt from one of
GM's recent press releases that points out their cost-cutting measures,
which are capsulized as follows: "GM previously announced plans to
reduce its North American structural costs by $6 billion on a
running-rate basis by the end of 2006, and further plans to reduce its
annual net material costs by $1 billion. GM signed a historic agreement
with the UAW in October and announced a capacity reduction plan in
November that included ceasing operations at nine assembly, stamping
and powertrain facilities. Additionally, an aggressive target was
recently announced to reduce global structural costs to 25 percent of
automotive revenue by 2010 from the 2005 level of about 34 percent on a
These measures, if acheived, would restore the company to a level of
substantial profitability by the end of '06. Here's a link to the
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