If GM does this, I lose all respect for GM....
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Joined: Dec 2005
Posts: 1,502
The upshot I see is that GM is incredibly conservative -- they never make a car unless someone else has made it first. That means they're late into every segment. Late into Minivans, late into SUVs, late into Sport Luxury, late into muscle cars, late into crossovers, and now late into small cars.
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Joined: Oct 2006
Posts: 976
From: SE MI
GM isnt taking too kindly to GMACs strong arming and is now nationaly advertising that hundreds of banks are waiting to approve loans, and that no money down loans are still available to those with excellent credit. GM is also offering $250 to dealers for each vehicle that is sold and financed through someone other than GMAC. Dealers are finding it difficult to obtain new vehicle floor plan financing from banks.
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Joined: Nov 2001
Posts: 1,178
From: Payson, AZ USA
Guy............. do you read it like I do?? Basically, that GM is just doing what GM does, figuring that if they get in bad enough shape, that we will bail them out???
Basically, do they still think of themselves as all powerful and knowing???
I find what GM is doing, and not doing, to be particularly troubling. We are all furious over the bailouts for the banks and financial institutions.......... will we be as furious if GM gets their bailout also (a true bailout, not the little loan thing with conditions). This then begs the question, if GM does indeed get bailed out.............. why not Ford and Chrysler also.
When 9/11 killed our business, noone bailed us out............. or even cared. We are still paying for it. I guess we will also get to pay for GM's inability to change their corporate culture.
Basically, do they still think of themselves as all powerful and knowing???
I find what GM is doing, and not doing, to be particularly troubling. We are all furious over the bailouts for the banks and financial institutions.......... will we be as furious if GM gets their bailout also (a true bailout, not the little loan thing with conditions). This then begs the question, if GM does indeed get bailed out.............. why not Ford and Chrysler also.
When 9/11 killed our business, noone bailed us out............. or even cared. We are still paying for it. I guess we will also get to pay for GM's inability to change their corporate culture.
Registered User
Joined: Mar 2001
Posts: 954
From: Shelton, WA
Guy............. do you read it like I do?? Basically, that GM is just doing what GM does, figuring that if they get in bad enough shape, that we will bail them out???
Basically, do they still think of themselves as all powerful and knowing???
I find what GM is doing, and not doing, to be particularly troubling. We are all furious over the bailouts for the banks and financial institutions.......... will we be as furious if GM gets their bailout also (a true bailout, not the little loan thing with conditions). This then begs the question, if GM does indeed get bailed out.............. why not Ford and Chrysler also.
When 9/11 killed our business, noone bailed us out............. or even cared. We are still paying for it. I guess we will also get to pay for GM's inability to change their corporate culture.
Basically, do they still think of themselves as all powerful and knowing???
I find what GM is doing, and not doing, to be particularly troubling. We are all furious over the bailouts for the banks and financial institutions.......... will we be as furious if GM gets their bailout also (a true bailout, not the little loan thing with conditions). This then begs the question, if GM does indeed get bailed out.............. why not Ford and Chrysler also.
When 9/11 killed our business, noone bailed us out............. or even cared. We are still paying for it. I guess we will also get to pay for GM's inability to change their corporate culture.
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Joined: Jun 2002
Posts: 2,979
Wow.
There's a whole bunch of delusional ranting in here.
Now, for some reality:
25% of Chrysler's white collar workforce is going to be eliminated.
GM is letting go of 5000 white collar folks.
The blue collar folks are going to get hammered also. The plant closings are going to accelerate.
Chrysler is dead. It's just a matter of time now. Not even bankruptcy can save them.
GM and Ford are in their death throes. The idea that Ford is somehow actually better off in this mess is absolutely laughable.
Dead is dead - and they're both going to be dead, and soon, without intervention or bankruptcy.
The ONLY way for GM to shed dealers and then brands is going to be bankruptcy because of franchise laws.
Chevrolet and Cadillac need to be the only two divisions that survive. They alone can cover the entire market.
There's a whole bunch of delusional ranting in here.
Now, for some reality:
25% of Chrysler's white collar workforce is going to be eliminated.
GM is letting go of 5000 white collar folks.
The blue collar folks are going to get hammered also. The plant closings are going to accelerate.
Chrysler is dead. It's just a matter of time now. Not even bankruptcy can save them.
GM and Ford are in their death throes. The idea that Ford is somehow actually better off in this mess is absolutely laughable.
Dead is dead - and they're both going to be dead, and soon, without intervention or bankruptcy.
The ONLY way for GM to shed dealers and then brands is going to be bankruptcy because of franchise laws.
Chevrolet and Cadillac need to be the only two divisions that survive. They alone can cover the entire market.
Last edited by PacerX; Oct 24, 2008 at 12:15 PM.
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Joined: Jan 2002
Posts: 1,724
From: Hebron, KY
http://www.autoweek.com/apps/pbcs.dl...5/1023/CARNEWS
I'm not of the opinion that Chrysler is being taken advantage of in this merger/dismantling either. This isn't a pretty situation for any of the domestic manufactuers.
Chrysler plans to cut 25% of salaried jobs
By PHILIP NUSSEL, AUTOMOTIVE NEWS Chrysler LLC said on Friday it plans to cut 25 percent of its salaried work force beginning next month.
A statement sent to employees did not specify how many jobs were being cut. But spokesman Michael Palese said that, according to the most recent figures available--from September 2007--Chrysler has 18,529 salaried workers. That would mean 4,632 jobs.
The cuts will take the form of voluntary retirements, buyout programs and layoffs, Chrysler said. Chrysler said the buyout programs would include “enhanced benefits,” including cash and new-vehicle vouchers.
The company also told employees it would “cut back on all discretionary and overhead expenses and reduce capital expenditures not connected to major product programs.”
Chrysler, according to numerous reports, is in the midst of negotiating a possible sale to General Motors. It also has been engaged in discussions with Nissan and Renault about a possible partnership arrangement, according to the reports.
CEO Bob Nardelli said in the statement to employees: “These are truly unimaginable times for our industry. We continue to be in the most difficult economic period most of us can remember.
“The combination of troubled financial markets, difficult credit, volatile commodity prices, the housing crisis and declining consumer confidence continues to weigh on the economy. Never before have auto industry sales contracted at such a fast rate. Throughout this challenging time for our industry and our company, we have continued to face the realities of our business environment and, working as a team, we have been right-sizing our organization to become as competitive as possible.”
Chrissie Thompson contributed to this report
This article was last updated on: 10/24/08, 11:30 et
By PHILIP NUSSEL, AUTOMOTIVE NEWS Chrysler LLC said on Friday it plans to cut 25 percent of its salaried work force beginning next month.
A statement sent to employees did not specify how many jobs were being cut. But spokesman Michael Palese said that, according to the most recent figures available--from September 2007--Chrysler has 18,529 salaried workers. That would mean 4,632 jobs.
The cuts will take the form of voluntary retirements, buyout programs and layoffs, Chrysler said. Chrysler said the buyout programs would include “enhanced benefits,” including cash and new-vehicle vouchers.
The company also told employees it would “cut back on all discretionary and overhead expenses and reduce capital expenditures not connected to major product programs.”
Chrysler, according to numerous reports, is in the midst of negotiating a possible sale to General Motors. It also has been engaged in discussions with Nissan and Renault about a possible partnership arrangement, according to the reports.
CEO Bob Nardelli said in the statement to employees: “These are truly unimaginable times for our industry. We continue to be in the most difficult economic period most of us can remember.
“The combination of troubled financial markets, difficult credit, volatile commodity prices, the housing crisis and declining consumer confidence continues to weigh on the economy. Never before have auto industry sales contracted at such a fast rate. Throughout this challenging time for our industry and our company, we have continued to face the realities of our business environment and, working as a team, we have been right-sizing our organization to become as competitive as possible.”
Chrissie Thompson contributed to this report
This article was last updated on: 10/24/08, 11:30 et
Registered User
Joined: Mar 2001
Posts: 954
From: Shelton, WA
Also, my delusional, naive @$$ still believes GM/Ford/Chrysler can still survive. Obviously they all need to drastically downsize to meet the drastically decreasing market demand, but I don't think any of them need to completely close shop.
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Joined: Jun 2002
Posts: 2,979
They can survive. But I do not see any way for it to happen without intervention or bankruptcy now.
And it has been (and will continue to be) a titanic struggle.
No matter how good of a vehicle we build right now (Silverado, Corvette, Malibu, CTS), we cannot get the Kool-Aid drinkers to wake up and smell the coffee.
We are flat-out kicking the **** out of EVERYBODY on the planet with those cars/trucks. They're better, period.
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Joined: Aug 2004
Posts: 178
Registered User
Joined: Mar 2001
Posts: 954
From: Shelton, WA
Seriously, there was a time when foreign automakers had no marketshare compared to the Big 3 and look where we're at now. The tide turned once, it can happen again.
