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Automotive News & Views GM News, New Models and Market Share
8638 messages, Last post on Dec 07, 2009 at 10:07 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: xrunner2 (Nov 11, 2008 8:12 am) That is encouraging. Only 20% of buyers are stupid. Or plan to get a car for half price and take their chances. I might give 50 cents on the dollar for a GM vehicle today. Knowing that I am on my own as far as service and repairs. How many dealerships are going to do warranty work if GM is in bankruptcy? They will be lucky to get rid of inventory. Rocky's brother bought an Impala, one of their better cars, for 35% off of MSRP. That dealer was tired of paying the flooring cost. Several big dealers are already in bankruptcy. $25 billion will only be a band-aid that prolongs the agony another few months. |
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Replying to: 62vetteefp (Nov 11, 2008 7:15 am) Let's put this in terms of GM being a ship and the executives of GM being the officers. The ship was in poor shape when the weather was good (economy growing), as it was sleaking water (losing money on daily operations and market-share declining). Now you're telling me the captain is surprised when the officers could see stormclouds gathering and a storm comes which is a normal occurrence (economic downturns occur every decade or 2). Yes it is bad storm, but the captain, officers and crew should have prepared for it. The consequences of bad leadership, planning, and execution are failure. They all need to go; we should not reward incompetence (or whatever you call it) and let it continue.
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Replying to: kernick (Nov 11, 2008 8:35 am) GM sold control of their cash cow ,GMAC, when the credit was flowing fast and furious. Now that it is tight they are blaming Cerberus for holding back credit for losers wanting to buy a car. If you have good credit you can get a good car loan today. If you do not. You should not get a loan. Simple as that. If we had followed that time honored principle for the last 15 years we would not be in this mess.
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Replying to: gagrice (Nov 11, 2008 8:45 am) In years past, I would chuckle when seeing tv commercials for cars. They used to shout, "Bad credit, no credit, doesn't matter. Come on in today and you will drive out with the car of your choice." Have not seen these in a while.
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Replying to: xrunner2 (Nov 11, 2008 9:06 am) Actually our local Hyundai dealership runs these ads all the time on the radio. Supposedly they have access to $12m in credit. |
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Replying to: kernick (Nov 11, 2008 8:35 am)  That GM ship is looking for a safe harbor in the US Taxpayer. |
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"Let's put this in terms of GM being a ship and the executives of GM being the officers. The ship was in poor shape when the weather was good (economy growing), as it was sleaking water (losing money on daily operations and market-share declining). Now you're telling me the captain is surprised when the officers could see stormclouds gathering and a storm comes which is a normal occurrence (economic downturns occur every decade or 2). Yes it is bad storm, but the captain, officers and crew should have prepared for it. The consequences of bad leadership, planning, and execution are failure. They all need to go; we should not reward incompetence (or whatever you call it) and let it continue. " I wonder what you would think if you actually worked in one of the companies. The board essentially lvies by your creed, above. And so everytime an issue which is entrenched in 30 years of bad decisions comes to a head, they axe the "man in charge", who may have been there about 2 weeks. So now we have a bunch of short sighted CEO's who have to worry about next quarter rather than long term viability. It's this very shortsighted take on the world that has caused most of these problems in the first place. Take a look at that ship again and realize that i that it has the 50 megaton anchor of 50 years of bad decisions welded right to the bow. How is this years leadership going to turn that ship around in these times. Most everyone agrees they were turning for the better. The last person to blame is Wagoner. Blame the UAW and the crap designs and the beancounters. Don't blame the messenger.
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- Who do we blame for the Fiat fiasco? - Or the failed launch of Cadillac in Europe? - Or the Saab 9-4 and 9-2x which were laughably off the mark when it came to expanding Saab? - Who was the idiots who completely missed the mark when you know gas prices are rising and yet you don't engineer a respectable car like the Corsa to meet US crash test standards, instead sticking us with a miserable POC Daewoo Aveo that itself doesn't even offer rear seat side airbags? - Who decided to move up the launch date of the GMT900's when the writing was on the wall that gas prices were on the rise? - Wasn't Hummer started under Wagoners reign? If that doesn't define "short-sighted thinking" I don't know what does... The punchline for that joke came a long time ago. - How much effort went in to the Zeta program? Only to see the project cancelled down the road and the only product we see out of it is a 30,000 unit Pontiac and a Retro muscle car that will probably last 2 years tops before the plug gets pulled. |
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Nobody wants the economy to fail Buy a new gm car today and save your country 
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