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The Big One GMAC Gone

Old Jun 13, 2005 | 12:32 AM
  #91  
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Re: The Big One GMAC Gone

Originally Posted by Buickman
Who is John Gault?
you?

Last edited by SageofKnight; Jun 13, 2005 at 12:50 AM.
Old Jun 13, 2005 | 05:58 AM
  #92  
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Re: The Big One GMAC Gone

Rick Wagoner as James Taggart.
Old Jun 13, 2005 | 07:15 AM
  #93  
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Re: The Big One GMAC Gone

Originally Posted by Buickman
GM rejects The Plan. For over five years I've met with Bill Lovejoy, John Smith, Gary Cowger, Greg Lau, Pete Gerosa, Brent Dewar, Mark LaNeve, John Larson, Mike DiGiovanni, and others.
So you've met with just about EVERYONE, and still no progress? Should tell you something.

That's what led me to believe they are on a mission to eliminate NA production and existing franchises. Build them overseas and sell them on the net like DELL.
Now I know you are off your rockers. There's no way in hell that total auto sales will be over the Internet. What if you want to actually test drive one... or simply look several over and compare... or look at different trium levels of the same vehicle... or get one, you know... THAT very day... I could go on for hours.

Sounds like you are just a paranoid salesperson right now.

No one loses so much share so consistently. No one could be that sequentially stupid.
Interesting......... since it has been shown that FOrd and DCX are down MORE than GM over you time frame, and even Toyota is significantly down in that frame...... but you are choosing to ignore this information .

Shareholders love The Plan, so does almost anyone in the business who doesn't ride Wagoner's coattail. There must be a reason.
Really.....?? Prove it.

You probably have 50-100 emails from a few people who support you. And everyone else "rides Wagoner's coattails." OK... you are truely dillusional.
Old Jun 13, 2005 | 09:22 AM
  #94  
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Re: The Big One GMAC Gone

Yeah, We should accept the fact that he has problems and move on. I think everybody is tired of seeing this guy spout his own propaganda.
Old Jun 13, 2005 | 09:55 AM
  #95  
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Re: The Big One GMAC Gone

He only comes back because he gets attention. Maybe if people stop arguing with him and let his two threads get to page two or three he will go away. (I can see him giving them a "TTT") In his own defense he used "Well my thread has over 8000 views so someone must like it." or something like that. So he doesn't even realize that everyone has come here to tell him that he's wrong, or discuss how wrong he is.

It's such a disappointment to come here and see that the only two threads that have new replies are the shareholder and the GMAC ones.
Old Jun 13, 2005 | 10:15 AM
  #96  
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Re: The Big One GMAC Gone

No progress shows they don't listen Their repeated loss of share exemplifies the error of their ways.
Never said ALL sales on net.
In five years, who else in down $50 Billion, losing 75% of their value?
How many "critical" respondents don't work at GM?
If you're so "tired" of this thread, why do you keep logging in to it? Go somewhere else.
I have received hundreds of emails from members and visitors here. The discussions are ongoing on a daily basis. Grass roots effort is rapidly building steam.
In spite of the personal affronts thrown around by those with their own agenda, this experience is exciting, fun, and informative. The Plan has become stronger as a result.
Thanks to those who support the cause.
Old Jun 14, 2005 | 02:46 PM
  #97  
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Re: The Big One GMAC Gone

Originally Posted by Darth Xed
I assume by selling GMAC, they will make money on it...

They've been talking about doing this for quite a while, no?
GMAC is by far their biggest (maybe their only) profit center. The reason for the spinoff is so GMAC can borrow money at better rates than GM can currently command since its bonds have reached unrated status. GMAC will need to borrow at better rates to have funds to lend and it can do so if it is not shackled to the rest of GM. I think GM will retain mgmt control but GMAC will become a separate public company.


GM's biggest problems are their legacy costs--pensions, health care, etc. $1800 of each car GM sells are earmarked for health car costs. This cost structure kills it vis-a-vis Toyota. GM's interiors look cheaper because they are--much of the money that could go toward better leather is going to Uncle Bob's health care. This then hurts their market share. Vicious cycle.

Last edited by quick; Jun 14, 2005 at 02:49 PM.
Old Jun 14, 2005 | 04:35 PM
  #98  
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Re: The Big One GMAC Gone

Disagree. Biggest problem at GM is the guy running it. When the coming shakeup occurs, we need to restructure leadership. GM is too big for one person to be Chairman and CEO. Focusing on the long-range issues of a global enterprise is a full time job. Even the greatest executive on the planet would struggle ineffectively if they simultaneously attempted to also run day-to-day operations. We need an independent Chairman and a knowledgeable car guy as President. Another problem is the failure to communicate between shareholders. I read a book called "Rats in the Grain" by Liebler. In it, he tells of a shareholder activist, David Hoech, who started a shareholder watch letter to alert stockholders of unethical company decisions. He uncovered price fixing and through his efforts, the Chairman D Andreas resigned, and his son, the president, went to jail. This inspired me to start wwwGeneralWatch.com. Democracy works best when Americans participate. Companies work best when shareholders participate. Leaders of countries and companies need to listen to the people, or be replaced.
Old Jun 15, 2005 | 11:21 PM
  #99  
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Re: The Big One GMAC Gone

Buickman...

Most of your plan can not be enforced on a dealer.

A good deal of the rest is freebies.

On another note. As you are gm for a Chevy / Buick store...what's your pricing going to be on the new C6 Z06?

I'd bet a store with you at the helm has a ton of hard to get 'vettes on your horizon report.
Old Jun 16, 2005 | 01:20 PM
  #100  
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Re: The Big One GMAC Gone

You're right, no enforcement is possible. Rather than "controlling" the market with well intentioned, but ineffective, short term programs, GM should work with dealers to implement proven successful, customer focused, long term stategies.
At Suski, we will sell Z06 at GMS if GM allows. If not available and supply and demand equate to full MSRP, we would be foolish to do otherwise. I can't see us charging more than list. When the SSR first came out, we sold our first one to another dealer at full retail. My understanding is he sold it for $10K above that amount. Shortly thereafter, the demand for that model droppped like an anchor.
Old Jul 11, 2005 | 10:25 AM
  #101  
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Re: The Big One GMAC Gone

Originally Posted by poSSum
The whole GMAC enchilada to an unrelated 3rd party, announced within 30 days? You're on.

I loose, I buy you dinner at Winnipeg's finest restaurant when you come to visit our beautiful province. You loose, you buy at the Excalibur in Southfield when I pass through.
Originally Posted by Buickman
The bet is on.
I do believe the 30 days are up.

I'll be in touch to set a date. Hopefully during the NAIAS. I'm looking forward to dinner.
Old Jul 11, 2005 | 10:35 AM
  #102  
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Re: The Big One GMAC Gone

Originally Posted by poSSum
I do believe the 30 days are up.

I'll be in touch to set a date. Hopefully during the NAIAS. I'm looking forward to dinner.

Ya, I mentioned this in another thread for you... didn't hear much back on getting paid.
Old Jul 11, 2005 | 10:58 AM
  #103  
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Re: The Big One GMAC Gone

Looks like you win. This is one bet I'm very happy to lose. Selling off GMAC would spell the end of GM. Detroit Auto Show sounds good to me.
Old Jul 11, 2005 | 11:08 AM
  #104  
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Re: The Big One GMAC Gone

I read part of the first page and I have to say I whole heartidly doubt that all of GMAC would be sold. Since it makes the majority of GMs profit. Though I could see some portion of the company being sold as GM concentrates its portfolio on its core business of cars.
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