Shareholder meeting starts at 9 am this morning

Reply Subscribe

Thread Tools

Search this Thread

Jun 7, 2005 | 07:25 AM

Chuck!

Thread Starter

Registered User

Joined: Aug 1999

Posts: 2,610

From: Cincinnati, OH

Shareholder meeting starts at 9 am this morning

Find the link for the webcast on the following page.

http://www.gm.com/company/investor_i...mtg/index.html

Jun 7, 2005 | 01:14 PM

grossesexy

Registered User

Joined: Nov 2001

Posts: 483

From: Far, far away

Re: Shareholder meeting starts at 9 am this morning

Sooooo has anything come out yet? Besides the cutting of the 25k jobs?

Jun 7, 2005 | 06:09 PM

jg95z28

Registered User

Joined: Sep 2002

Posts: 9,705

From: Oakland, California

Re: Shareholder meeting starts at 9 am this morning

Quote:

Originally Posted by SMUJeremy

Yeah I remember someone posting saying we would find out about some new cars at this meeting.

Why on earth would they do that? It doesn't even make sense. GM needs to convince shareholders they are making the right cost saving measures to increase profit. How would announcing new products accomplish this when they're already having a hard time moving existing inventory?

You need to think more like a shareholder and not an enthusiast for a minute.

Jun 7, 2005 | 08:03 PM

guionM

Registered User

Joined: Mar 2001

Posts: 13,713

From: The Golden State

Re: Shareholder meeting starts at 9 am this morning

Quote:

Originally Posted by SMUJeremy

I was just pointing out the posts that I put up about the meeting. I personally have no thoughts either way.

Also from GuionM:
This meeting will in all likelyhood will have more details as to what exactly GM plans tro do to get itself back on track. It will also inevitably have some type of announcement regarding future vehicles. Not necessarily specific models (though it's possible), but more likely what GM plans to replace "Zeta" with, possibly some type of timeline.

I was expecting something more alone the lines of "we will be bringing out X number of new models in the next 18-24 months", similar to what was said by Chrysler & Ford when they were against the ropes, and possibly more details on the timetable of the US Zeta, after the roasting they got when they announce putting it on ice.

It doesn't seem he's going that way, focusing instead on job cuts and restructuring that has been in the press for a month already.

Certainly not stuff to get investors pumped up.