R.I.P. General Motors (1931-2006)

Considering that we are about six trillion dollars in debt, it is
pretty clear that giving the government more money than it needs isn't
a problem. If your point is that the government spends too much money
on stupid things, I would have to agree and point to the trillion
dollars we are dumping down the Iraqi shithole as a prime example.

 

Here is my source. Where is yours?

http://biz.yahoo.com/ap/060104/auto_sales_table.html?.v=2

DC sold about 2% more cars than Toyota last year (2,304,833 vs
2,260,296) but their market share was virtually identical.

 

Gee, and I previously posted:

a difference of about 44,500 vehicles. Isn't it funny how we are so
close on our figures and Mike Hunt is so far off.

 

I see english isn't you're native language, sorry about that.

 

I should have stated the expression clearer. In each case (barring
one), the company only dabbled in bankruptcy to return intact.
Employees (many) still had their jobs. In the one rare case where a
company went into bankruptcy and little came out - Enron - the
condition was due to extraordinary flagrant fraud. One example among
thousands means, for all practical purposes, the number of complete
bankruptcy is near zero. Either a company recovers intact (although
changed) OR a company is consumed by another or others.

The point is that GM will remain. Will it remain like AT&T -
constantly downsized and destroying American jobs? Will it
disintegrate by selling off its divisions like DEC? Will it simply be
merged into another profitable company like Lucent? In each case,
bankruptcy only forces management to act in company interests - not in
executive interests.

Large companies don't terminate in bankruptcy. They get merged,
sold, distributed among other companies, or revised. Contrarian
examples are so rare as to be virtually zero. GM will remain. The
only question is HOW it will remain. In GM's case, because so many
previously attempted to sell off parts of GM and discovered that was
not possible, then most likely GM will simply be reorganized. Taxpayer
will pay for those $billions that GM failed to put into pension funds
so that management would claim 1990s profits that never really existed.
Another example of corporate welfare complete with golden parachutes
for those who were criminally negligent as executives.

 

....and that's a fact jack...GM has become so bloated
that it seems the org is more interested in cash flow rather
that selling quality cars...

....no decent autos...no cash flow...now the workers are
to become victum's of coprate greed and insuffiency...
they will be thrown away like an old pair of brown shoes...

....and the japs laugh their asses off to the bank...then there's
the koreans...and soon the chinese...

....i just bought a cool pair of converse chuck taylor all
stars...made??...shit....china...

....bush is a dick....

peace

 

....damn fine point...cheaper to send the parts to china...than in USA...
then consumers are charged premium sticker prices...

....**** all that air-pollution devices they stuff upon the
autos...ethenol is the answer...put all the US farmers
back to producing (so we wouldn't have to buy a fucking
orange from across the continent)...ethenol is clean
burning...sure they can adjust the carboration system
to accomodate the fuel...and maybe even get cheaper
booze...

....now...don't get me wrong...the japs build fine autos...
i have '94 toyota 4cyl. pick-up....93k miles...and it ain't
even 'broken-in' yet...

....think GM can produce that??...FORD is close...CHRYSLER
is still up in the air...maybe revive the Delorean??...289 Mustang,
327 Camero/Firebird...shit 'merican auto maufacturers have
just about completely fucked it all up...

....i feel it will come to a point where peeps are gonna grab old 60's
early 70's muscle cars and restrore them (well, as much as
possible)...

....i am beginning to see more and more 50 year old VW bugs on
the road...owned 2...trashed..but those fuckers ran like the wind...

peace

 

What do you mean"take care of you"? Special treatment?
mark_

 

It comes down to the application of culture. For far too long, fat
nonproductive labor contracts entered into by the "big three" along with
a corporate culture of mediocrity have taken their toll.

When one learns that some yokel can earn as much as $70 per hour as an
assembler, something is very wrong.

Sometimes, you don't get what you pay for...

JT

 

News Flash!!!

The original AT&T is no longer. It (the unprofitable remains) were
purchased by SBC which then changed its name to the "new" at&t. SBC, a
former baby Bell was worth far more than the original AT&T...

Really?

Evidently you have forgotten about Eastern Airlines, Pan Am, W.T. Grant
and a host of others.

Nice try but no cigar!

JT

 

Ain't that the truth... Putting off the inevitable just increases the
cost it must finally be faced.

JT

 

Sure. And paying execs literally hundreds of millions to make bad decisions
has nothing to do with GMs decline into second place worldwide.



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AT&T does indeed still exist.

 

Sigvaldi Eggertsson (sigvaldiATbinetDOTis)
from Reykjavik, Iceland

Nor is it his fault that you are follically challenged and suffering
from penis envy. Having said that, you are to be commended for coming
to the realization that the language spoken in Iceland has changed very
little since the island was settled, some 11 centuries ago. Icelandic
and Faroese are the only Scandinavian languages to have kept the
complicated inflection system of the Old Norse spoken during the Viking
age. Not exactly the language of International Commerce, is it Mr.
Eggertson? While there are many in Iceland who speak the Swedish
language, most, like yourself, have come to the realization that you
have to speak English to put food on the table. Well done Mr.
Eggertsson.

It is nice to see that you have broadened your horizons by moving on
from your discussion of the Christmas grouse shortage on Iceland
wherein you told the world that you "always thought the bird was called
"Ptarmigan" not Grouse."

Then, of course, there was your informative post "Well, Iceland is
south of the arctic circle so it gets dark in the summer and there is
light in the winter. Your description fits North Norway and Northern
Canada etc. far better."

It was also interesting to find Anagrams of names of posters to one of
the groups you belong to:
"Sigvaldi Eggertsson = Voltage singes grids.
Even if so, it's not clear whether he's actually evil:
~'s big devil? Saint?
All the same, I don't know if I'd want to spend an evening with him:
Sigvaldi Eggertsson ~ digs revolting gases."

Now that was some intellectual group Sigvaldi! You seem to excel as a
master of the mundane. Your knowledge of obscure trivia is exceeded
only by my lack of interest in such nonsense.

The world is indeed a small place Mr. Eggertsson. You would undoubtedly
enjoy it more by availing yourself of a hair impant and a penile
implant from your pet cat. ;-) And leave the serious discussions to
those who haven't spent their life in the dark!

 

It is also instructive to look at the history of the British motor
industry, once a powerhouse, and now essentially gone except for
transplants. Quality issues, management mistakes and agressive unions
all joined forces to completely eliminate British owned auto makers from
the face of the planet (unless you count boutiques like Morgan).

John

 

If you are saying that GM circa 2016 will still exist in the same way as
which AT&T still exists in 2006 then you might be on to something.

SBC bought the struggling remains of AT&T and chose to rename itself
AT&T due to the higher consumer brand recognition for the AT&T name.

John

 

Wow, so you can both read and use Google, that is astonishing!

 

John,
One of the Japanese car companies might buy the stuggling remains of GM
and keep making the best selling models--however, those cars will have the
same sorts of engines that they use in their Japanese cars. In other
words, the same sort of thing that happened to Chrysler MAY happen to GM.
However, for the sake of the American workers--I hope that GM does NOT go
out of business.
Jason

 

I do beleive that GM and Ford does a great job in

I don't really see a trend towards GM and Ford making better pickups. They
make their vehicles bigger and heavier with larger, more thirstier engines
to tweak male egos. The large amount of sales of these vehicles reflects
mainly the fleet sales. Everyone I know that owns GM, Ford or Dodge pickups
have had some major problems. Not to mention the side-saddle gas tanks for
GM, the poor rating of the previous generation of Ford F150 in crash tests,
the 8 MPG Dodge pickups and the crushing of the cabs in rollover crashes of
all three. Lawsuits from the latter are adding to the price of their
product.

 

One of the other factors that I don't believe anyone has mentioned is

If you are a tv watcher, watch the show "The Amazing Race." It takes you all
over the world and shows pictures of what is being driven. The two things I
noticed in just about every country are (1) There are very few pickups on
the road if any and (2) there are virtually no Big 3 built vehicles driven
anywhere.