GM admits it flucked up big time

The opinions of who makes the best is in the minds of consumers. The only
REAL test of who make the best vehicles rest in who sells what to whom.
Apparently Toyota makes the best single brand car, the Camry because it is
the number one seller. On the other GM makes the best cars since GM sells
more of them than any other manufacturer. It is just that they do not have
the same name on the grill. The same applies to trucks. Ford sells the
most trucks with one name on the grill, the F150 and has for thirty one
years and so far in 2008 as well, and at a rate that has been at nearly
twice that of the best selling car. But in total, GM sells more trucks but
with two names on the grill. If GM vehicles were as bad as the import
buyer why post in domestic NGs would have one believe, why is GM still the
number one selling manufacturer in the US? Obviously more buyers still
prefer GM products than their preferred brand, period




There are a lot of reasons GM is going bankrupt, but "making products
no one wants to buy" is at the VERY BOTTOM OF THE LIST.


Like I said earlier, please throw the script away and come up with
something new when bashing GM.

 

The quality issue does work against GM.

Even I was relatively cautious about buying a Saturn back in '05. In fact, I
only bought it because it has a Honda (3.5L v6) engine that I know is
reliable in the Pilot/Odessy/MDX combination.

Oddly enough, I had just the opposite concerns when buying a truck in '06. I
had looked at Toyota trucks but eventually discounted them because I wasn't
sure about the reliability compared to the GM and/or Ford trucks. I knew
the engines and transmissions (and where the weak points may be) in Ford
and GM and didn't know much about the Toyota V8. In fact, I was leery of
it.

 

McDonald's makes the best hamburgers because they sell more of them than
any other restaurant.

 

Restated, GM and McDonald's make the most POPULAR cars and hamburgers,
respectively. As you know, what is most POPULAR
is not necessarily the best. Witness the recent U.S. election results for
further proof.

 

McDonalds makes the same quality all over the world (except in the UK
because the brits can not make food and ruin quality) but it is
definitely not the best quality

GM can not do either.

 

The same can be said for the number one selling car, the Camry LOL

 

I guess Fords used to be better than Toyotas but they aren't anymore.
Right, Mike?

And I guess that the best car in the world must be a Toyota since they
are the world sales leader. Right, Mike?

One other thing, Mike. Does your logic still work when some companies
are selling cars at a loss? I am sure that Toyota could outsell GM
tomorrow if they were willing to lose $2000 per car or whatever GM is
losing. Why doesn't GM just raise the price on their cars by a few
thousand and make a profit? Then we won't have to bail them out.

 

I agree.

I mean, look at In n' Out hamburgers. Way better than Micky D's.

Also, we all know that a Lambo is better than a corvette. Just depends on
how much you want to pay.

Tell me about it. I can't believe people voted in Ex-Governor Bush twice.
His dad is a great man, but this moron should never have stepped foot in
the White House.

 

Big difference between GM and McDonalds: McD's turns a profit.

 

Nope, I posted this thread to highlight GM's admittance that they
screwed up. Some people seemed to be arguing otherwise - particularly
the guy who started a cross posted thread indicating that GM's
problems were the fault of them thar forin car buyers. That's
incorrect, and GM has admitted it in the most public way they could:
with a full page advertisement in the leading industry publication.

If the fan boys like you would just acknowledge what GM admitted to,
instead of trying to defend the indefensible, there'd be no flame war
at all.

As for "#1 selling vehicle" - If Chevy is so hot, why does GM want
billions of public tax money to fund their private company? Oh wait, I
know: "we lose money on every sale, but we make it up in volume".

 

Never mind 80 Kn-nig-gets. His mother was a hampster and his father reeked
of elderberies. Tell him to go away or I will taunt him a second time.

Sir Charles the Curmudgeon

 

Maybe you worry too much.

 

When are you back in Windsor? Sunday?

 

Bullshit. You posted it to start a flame war. What do you think would
happen if I posted a Toyota bashing article in the Toyota group? It would
start a flame war. Just like you did.

So, you are saying that if there were no Foreign cars being sold in the US,
GM wouldn't be low on cash?

GM has done nothing of the sort. GM realizes that most American's are
stupid, and don't support there own industries, so they are saying
everything they can to get the government to help them out. Tell me, why is
it the big banks were able to get 700 billion in a matter of days, meanwhile
GM can't get 35 billion in months? Do you honestly think American's like
the banks better?

I will acknowledge when GM fucks up. I've never seen a Toyota fanboy admit
there Toyota has a problem, even when it's in the fucking shop.

If people don't like Chevy's, why is it the #2 selling vehicle?

 

Actually, they were making the money on GMAC and Ditech. Then those fell
on their faces, and GM was left holding the bag.

Really, when it comes down to it, they aren't looking to bailout the
car-making part, but the financial businesses that went flat.

I'm not sure, but I'd guess that since GM isn't a bank, they can't get in
on the banking industry bailout.

 

Rest assured the President will give the dalmatics the loans they are
requesting. He in not about to allow one of our last reaming defense
industries to go out of business in the midst of our war with the radical
Islamic terrorist that he has been fighting for the past seven years.

 

GM does not sell the "#1 selling vehicle" in the US, Ford does but GM does
sell more cars and trucks than any other manufacturer in the US. What they
'want' are loans, not public tax money and GM is not a private company like
Chrysler, it is a publicly owned stock company. You might want to do a bit
more research befor you comment on a subject of which you obviously have
little or no knowledge

 

Please don't attempt to tell me why I did what I did.

I'm saying that GM's problems are of their own making. And, if they
can't compete in a global economy, then they need to go out of
business.

I see. Then they're like a witness on the stand who decides to tell
the court they are lying. So how can we trust anything they say?

As for Americans being stupid: The Bag-3 fought for years against
building the smaller cars Americans wanted and delivered absolute
crap. The fact that Americans didn't buy their products indicates
their intelligence, not stupidity.

No industry should get a bailout. But, Bush and Paulson have a lot of
friends on Wall Street, so they got a "must have" deal.

I'm no Toyota fan boy, so I can't speak for them. But, I will point
out that Toyota screwed up big time with the sludge issue. They also
steadfastly avoid admitting responsibility for warranty issues when
there is a large liability on the line. The same is true of Nissan.

However, in general their quality is very good. In addition, they've
built such strong reputations for quality that they can absorb a
misstep.

Are you that simple that you missed the concept here? I can create
strong sales in any business by lowering the price of my product. But,
if I lose money on every sale, I won't be in business very long.

 

If that was true, they could just shut down GMAC Financing Corp and
stick with the auto business. That does not seem to be the case.

Paulson has full control over who gets that money. He could make a
case for GMAC Financing or other auto financing issues. He hasn't,
because he's a Wall Street investment banker and he's just there to
help his friends (as is the rest of the Bush Administration).

 

[top post corrected]

A loan from the government is made with public tax money or by
increasing the public debt (The public debt is paid off with public
tax money). Please advise me where your magic loan money will come
from.

Why isn't GM simply going to the usual markets to sell bonds? The
answer is that they are so risky that no one will lend them money.
When a public loan doesn't get repaid, it becomes a grant of public
money. GM hasn't shown that they will be anything more than a
continuing failure (a grant).

Speaking of demonstrating no knowledge... there's no difference
between the ownership of Chrysler and GM or any other non-publically
owned business. They both benefit private investors. The only
businesses that are different are those that are owned by state or
federal taxpayers.

If we bail out either GM or Chrysler, we are spending public tax
dollars to support private profit to private (non-taxpayer) investors.