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GM asks for government socialization to help fund merger with Chrysler

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Old Oct 29, 2008 | 07:07 PM
  #16  
centric's Avatar
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From: Newhall, CA USA
This has gone beyond ridiculous.

A bunch of billionaire boys who don't give a crap about cars, GM, or America are rushing headlong into this because, hey, why not? If there's money to be had from the government, might as well have it! If there's money to be had from a competitor, might as well have it!

Never mind the economy, the financial crisis, the perception gap, or the buttholes cheering on the sidelines that the evil US car companies might finally go under, and happily telling every one of their sappy-*** friends and neighbors how wonderful their import is, and how it doesn't matter if you buy American anymore.

Because, after all, if it all comes crashing down, it doesn't really matter. They can get jobs working at Del Monte or Monsanto or (insert name of larger, manager-led, don't-give-a-crap-about-the-next-quarter company here). Hell, they'll probably fail upwards into even better-paying jobs, so those $100K parties they throw every weekend won't have to be cut back at all.

This disgusts me. It disgusts me that we have been trained into thinking that modern business is so complex that only a handful of supermen can run it. The reality is that 95% of the solutions that GM REALLY needs to look at are obvious to anyone with a little bit of common sense:

Too many damn brands.
Too much product duplication.
Too poor a job communicating the quality of their new cars.
Too damn tentative in getting good stuff out in the market.
Too damn slow in responding to market needs and conditions.

Like. Frigging. Duh.

Get rid of the management. Rout the bureaucracy. Burn the brands. Find the people who still have the spirit to think beyond next quarter. Find the people who truly love cars. Find the spark again, whatever it takes. Renaming. Bankruptcy. Whatever. It's essential you rebuild from a solid foundation, with a contract that "Every car we build will be recognizably and unarguably the best in its class, and it will be the best choice for you." And communicate it in ways that the average Camry owner can't avoid, or rationalize away, or belittle, or laugh off.

Sorry for the rant. I am just . . . a little beyond disgusted with all of this.
Old Oct 29, 2008 | 07:13 PM
  #17  
JohnnyTuinals's Avatar
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Joined: Jun 2008
Posts: 107
I agree with you.............
It seems Ford is the only company not begging out as loud
as GM is.........
Since Toyota has been making cars in this country for over 20 years,They
should be getting part of this bailout also...........
Old Oct 30, 2008 | 07:18 PM
  #18  
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Joined: Sep 2002
Posts: 9,705
From: Oakland, California
So much for the government providing aid to make the merger work...

"US Treasury not negotiating aid for GM merger"
http://www.reuters.com/article/rbssC...29572120081030
WASHINGTON, Oct 30 (Reuters) - The U.S. Treasury Department is not negotiating with General Motors Corp (GM.N: Quote, Profile, Research, Stock Buzz) and the owners of Chrysler LLC on a request to provide direct government aid to their proposed merger, a Bush administration official said on Thursday.
Either GM and Cerberus make the deal work on their own, or Chrysler is going to have to go to someone else (Nissan-Renault?), or fold.
Old Oct 30, 2008 | 07:29 PM
  #19  
DvBoard's Avatar
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Joined: Oct 2005
Posts: 940
From: Southern Indiana
GM needs to buy GMAC back from Cerberus not trade for Chrysler from Cerberus! Chrysler may die, but at least GM would be able to give loans on it's cars again on their own terms.
Old Oct 31, 2008 | 03:47 AM
  #20  
guionM's Avatar
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Joined: Mar 2001
Posts: 13,713
From: The Golden State
Originally Posted by cmg06s
guionm, what do you do for a living? you seem to always have/know the right thing to say.
I read alot, usually keep up on things, and I know a couple of people.
Old Nov 5, 2008 | 04:22 AM
  #21  
SSbaby's Avatar
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Joined: Mar 2005
Posts: 3,123
From: Melbourne, Australia
Pick your poison...

- $700B bailout for the banks.
- $10B/month for the Iraqi war/occupation, which will total $3 trillion or more.
- $30B for the 3 domestic automakers in total - an industry which employs 10% of America's workforce!!!

I'm glad the previous administration got their priorities right and didn't lose sight of the country's biggest issues.

Last edited by SSbaby; Nov 5, 2008 at 04:24 AM.
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