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Automotive News & Views What if you were in charge of GM?
724 messages, Last post on Jul 04, 2009 at 7:22 PM
You are in the Automotive News & Views Forum. Your Hosts are steve_ & claires
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GM took the Saab and Saturn brands and sold them together as a package- the dealer networks of the 2 are pretty complimentary, and the two brands could have some degree of economies of scale as an independent entity. GM could even do an IPO, spin off the two brands, and retain maybe 33% in the new company. Then again, an IPO in this market is the kiss of death. Saab and Saturn were the last two to be integrated into GM- wouldn't this also mean that they would be the easiest to divorce from GM? The complication here is so many Saab dealers have become Cadillac-Hummer-Saab... |
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Replying to: fezo (Nov 29, 2008 3:46 pm) As for GM...my master plan for them is to get out of the car business, buy the rest of GMAC, become a bank holding company in order to get Fed loans, and become a successful mortgage originator and automotive financing company...they can finance and lease Ford vehicles. 
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Replying to: bpizzuti (Nov 30, 2008 5:42 am) That is a good idea. Sadly it looks like Cerberus is the one that will pull it off. Cerberus wants the remaining part of GMAC in return for what is left of Chrysler. GM management is dumb enough to fall for it. They did sell 51% of GMAC that is partially responsible for their current condition. GM is the next Enron from where I am sitting. Wagoner and company should be tried for fraud in taking $millions while the company was losing $billions. |
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Replying to: nippononly (Nov 29, 2008 9:57 pm)
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Replying to: cooterbfd (Nov 30, 2008 10:23 am)
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Replying to: fezo (Nov 30, 2008 2:51 pm) |
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Replying to: Mr_Shiftright (Nov 30, 2008 7:16 pm) Sounds like GM. Let em die before we waste $Billions trying to resuscitate them. |
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Replying to: Mr_Shiftright (Nov 30, 2008 7:16 pm)
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Replying to: dtownfb (Dec 01, 2008 7:59 am)
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Replying to: Mr_Shiftright (Dec 01, 2008 9:37 am) The bigger problem is the top management at GM either doesn't see this, believe what they have done is enough or realize it but feel handcuffed by their investors. Either way, the top management at GM has been a major disappointment and must go. They were unable to make this company profitable during easy credit and record sales. How the heck can they make a profit in these market conditions??? I feel bad for the workers but they also had to know that GM's business model was unsustainable. it's not like this was a mom and pop operation where only 2 or 3 people knew the condition of the company. This is a publicly traded company that has to report it's earnings every quarter. Since the second half of 2004, GM has been losing money. Everyone knows that at some point the reserves are going to run, don't they? If, When, GM declares bankruptcy, the UAW has to shoulder some of the blame although management should never agree to labor contracts they know they can't pay. |
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