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Automotive News & Views GM News, New Models and Market Share
8253 messages, Last post on Nov 23, 2009 at 10:28 AM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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Replying to: nippononly (Dec 02, 2008 4:43 pm) That kind of talk leaves me half tempted to say BRING IT ON BABY! I mean, really, come ON........ In Fords report it says the same thing. If GM goes under Ford will follow suit because of suppliers.
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Replying to: m4d_cow (Nov 30, 2008 10:09 pm) If anything, you have it backwards. The Lambdas are comparable to the Tahoe in size, and the Sub. is far more stable as a towing vehicle, due to the longer wheelbase. |
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Replying to: kernick (Dec 02, 2008 12:46 pm) That's closer to the truth than anyone in Michigan will ever admit! As an former engineer at a major GM supplier I can tell you that GM has 12 months to live IF they get this money. 60 days without it! Time to let nature take it's course. |
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Replying to: 62vetteefp (Dec 02, 2008 5:18 pm) I am proud of you! The problem is this has become a sales pitch for cheap capital on the backs of taxpayers. They can not justify their existence as a profitable entity. While it is partly due to the economic downturn, the decisions in the past 3 -5 years have been nothing short of laughable. Sure it's 20-20 hindsight but even I knew that D3 has been on life support long ago. Who am I? "There isn't a Plan B," said GM Chief Operating Officer Fritz Henderson. "Absent support, frankly, the company just can't fund its operations." It's not going to be the end of the world, just the sad epitaph of a once proud but then ultimately a bloated, mindless and blind industry that past the point of no return long ago. The moral is that although others have done far better as the D3 eroded, the Home Team could not or would not change to the beat the competition. Oh, part of the moral: Don't keep pissing off your customers. and these: * Greed destroys the source of good. ($74/hr. compensation) * Think before you act. (3 private jets to one meeting?? And you make CARS????) * Those who want too much lose everything. (60 nameplates??) Regards, OW |
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Replying to: circlew (Dec 02, 2008 4:42 pm) What bank(s) do you suppose they'll take down with them if they default???
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Replying to: cooterbfd (Dec 02, 2008 5:57 pm)  They are now bullet proof because Uncle Sam will save all financial institutions. Lehman was an "Oops!" Regards, OW
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Replying to: nippononly (Dec 02, 2008 4:43 pm) 40? That's still way too many. 15 would cover the market. *Chevy Aveo (sedan and hatches) Cruze (sedan and coupe), some CUV on this platform Malibu, Equinox Traverse (including Enclave) Impala (aka Holden Commodore), Camaro Corvette *Cadillac CTS (sedan, coupe, wagon- Holden Statesman reskins) SRX- CUV on Statesman platform DTS- long wheelbase CTS *Chevy truck Colorado, Silverado, Suburban, whatever the work van is called Okay, that's sixteen. |
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Replying to: bumpy (Dec 02, 2008 6:07 pm)
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Replying to: circlew (Dec 02, 2008 6:01 pm) Maybe another way to have the government handle this is to tell the banks we'll guarantee their debt, but seeing as how you guys have the trillion or so in cash, heres the rules: 1) Restructure their debt into 30 yr bonds at say, 8.5% 2) No payments or interest accrual for 24 months 3) We get 3% Seeing as how the Big 3 are in Dire straits, here's YOUR rules: 1) Car Czar will be appointed to oversee compliance with agreements w/ gov't (see below) 2) Executive pay limited for life of this agreement (30 years???) 3) No Jobs bank 4) Czar will have final say on labor agreements 5) Preferred stock equvallent to 7.5% of company given to Government as collateral This way, the Big 3 get relief, get the $25 billion for retooling that has already been passed, but no extra money changes hands.
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Replying to: 62vetteefp (Dec 02, 2008 6:12 pm)
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