I hope Scott's job isn't in jeapordy...

http://money.cnn.com/news/newsfeeds/...ab9260f007.htm

 

I don't think so, he appears to be the sole person responsible for running ALL shows and exhibitions. To be present at every show was perhaps asking too much from his understaffed department.

 

If things continue to go the way they're going and drastic changes aren't made soon, ALL their jobs will be in jeopardy.

 

The General Motors news conference at the LA Auto show has been cancelled. Ironically, so has Chrysler's.

The irony in this is that it was likely by this point that GM and Chrysler were expected to be able to make some statements on the dircetion of their merger should it had happened as planned.

I do question the motive for 2 automakers who had their planned joining derailed to both cancel their news conferences at the first large auto show of the season. It isn't cost savings (I'm shure they could spring for a few business class tickets) and I don't believe for a minute that GM (or Chrysler) wouldn't want to use this opportunity to show that they do have solid plans for the future and use it as a springboard to help make the case why the US should float taxpayer backed loans to a company that has not made a profit in 4 years, and seems to have become not much more than a money furnace.

Knowing that these presentations take alot of time to prepare, and have to be reviewed by many people (including legal departments), I strongly believe GM and Chrysler cancelled their presentations simply because the prsentation they planned (centered around a GM Chrysler merger) was blown out of the water.

But, GM is blowing the chance of gaining support by not sending it's big guns to the LA show (as they have ALWAYS done). It's making things worse, IMHO.

 

UNLESS they are trying to show the feds that they dont have the funds to send the execs there. Also it looks like there will be a handful of execs that will be forced to resign if GM is to get federal rescue funds.