Well it's official...GM is going down the crapper
Re: Well it's official...GM is going down the crapper
Originally Posted by kidcamarosc
It just sucks to see how much everyone wants GM to die. I just don't get how you can say there new cars are junk. I think perception is whats killing GM.
Not everyone wants GM gone, but it does suck that so many do! I would bet that many of these same types have been reading certain, so-called publications, all the while being brainwashed to believe GM is not The Greatest Automaker In The World. Hey look over here at this nice, (insert your fav. **itbox here), this is where its at not GM!
Fools!!!Keep buyin' the imports. I'm not buyin' it, GM Is going nowhere!!!! You don't get to be the # 1 Automaker by Accident! This crap is getting so friggin' old already!
Re: Well it's official...GM is going down the crapper
Originally Posted by guionM
GM currently has 20 billion in cash.
GM's asset value is about $480 billion.
GM's loss this quarter was $1 billion...as in "one".
GM has access to a $5.6 billion line of credit.
GM's debt as far as I can tell is closer to $30 billion than $300 billion.
If GM had 300 billion in debt, it would be dead because creditors would be selling off it's assets.
Myth: BUSTED
GM's asset value is about $480 billion.
GM's loss this quarter was $1 billion...as in "one".
GM has access to a $5.6 billion line of credit.
GM's debt as far as I can tell is closer to $30 billion than $300 billion.
If GM had 300 billion in debt, it would be dead because creditors would be selling off it's assets.
Myth: BUSTED

"The numbers involved are enormous: GM paid about $12 billion in interest on debt last year and Ford’s tab totaled about $7.1 billion. GM’s consolidated debt as of March 31 was $291.8 billion and Ford’s totaled $161.3 billion, S&P said." http://www.msnbc.msn.com/id/7749386/
Re: Well it's official...GM is going down the crapper
I wanted to ask a question...
I'm not here to bash GM by ANY MEANS! I'm just as big of a supporter as anyone.
BUT.
Something I have noticed on alot of Chevy and GMC (Have not payed much attention to other GM brands) cars is that they have 1 daytime running light out. This is on the newer cars that I am noticing this. I have noticed atleast 1 car with 1 light out on my short 6 mile drive to work 4 out of 5 days last week.
And this is not just a bad week, I have noticed this for a long while now.
I know this is not a BIG deal, but when there are potential buyers driving their current cars, and they see that...that is just one more reason for that potential buyer, to buy import.
Does anyone else notice this?
I'm not here to bash GM by ANY MEANS! I'm just as big of a supporter as anyone.
BUT.
Something I have noticed on alot of Chevy and GMC (Have not payed much attention to other GM brands) cars is that they have 1 daytime running light out. This is on the newer cars that I am noticing this. I have noticed atleast 1 car with 1 light out on my short 6 mile drive to work 4 out of 5 days last week.
And this is not just a bad week, I have noticed this for a long while now.
I know this is not a BIG deal, but when there are potential buyers driving their current cars, and they see that...that is just one more reason for that potential buyer, to buy import.
Does anyone else notice this?
Re: Well it's official...GM is going down the crapper
Normally the gloom and doom set may not have much to base opinions on regarding the woes of GM. But in this case, they have much of it right. The fault for the dark outlook lies not with the much maligned UAW or salaried workforces. Or health care burdens and government regulations. No, the burden for the current state of a once-powerful automotive giant, sits squarely on the shoulders of management.
This is a regime that has displayed its true depth of ineptitude over the last twenty years. Observe the record. The worst of it having occurred during the tenure of the individual who is currently CEO. Contrary to some opinions, he has had significant influence over corporate direction since the early '90's.
It cannot be ignored. It cannot be denied. It cannot be spun. The corporate culture at GM is a direct reflection of the people populating the upper ranks. With very few exceptions, (one being Lutz) GM corporate management culture is decaying and out of touch.
They are politicians and hangers-on. Good old boys with their primary focus on who to associate with while they work on their next promotions. And product? GM could be stamping out purple widgets and they could not care less. These are not "car guys" as they would have the public believe. Actual "car guys" who run most of the truly successful auto makers worldwide would never pull some of the totally irresponsible stunts that these folks do. Just look at the product. Recall FIAT? And remember that "like begets like".
It has been said before and it needs to be repeated. To save GM, a wholesale management change must occur. And not just replacing the current top tier with their subordinates groomed by the system. GM needs fresh blood to truly change the culture and allow a realization of the incredible potential that exists in a workforce that just needs inspiring, competent leadership.
That is it in a nutshell. Inspiring. Competent. Leadership.
This is a regime that has displayed its true depth of ineptitude over the last twenty years. Observe the record. The worst of it having occurred during the tenure of the individual who is currently CEO. Contrary to some opinions, he has had significant influence over corporate direction since the early '90's.
It cannot be ignored. It cannot be denied. It cannot be spun. The corporate culture at GM is a direct reflection of the people populating the upper ranks. With very few exceptions, (one being Lutz) GM corporate management culture is decaying and out of touch.
They are politicians and hangers-on. Good old boys with their primary focus on who to associate with while they work on their next promotions. And product? GM could be stamping out purple widgets and they could not care less. These are not "car guys" as they would have the public believe. Actual "car guys" who run most of the truly successful auto makers worldwide would never pull some of the totally irresponsible stunts that these folks do. Just look at the product. Recall FIAT? And remember that "like begets like".
It has been said before and it needs to be repeated. To save GM, a wholesale management change must occur. And not just replacing the current top tier with their subordinates groomed by the system. GM needs fresh blood to truly change the culture and allow a realization of the incredible potential that exists in a workforce that just needs inspiring, competent leadership.
That is it in a nutshell. Inspiring. Competent. Leadership.
Re: Well it's official...GM is going down the crapper
Originally Posted by D80
Normally the gloom and doom set may not have much to base opinions on regarding the woes of GM. But in this case, they have much of it right. The fault for the dark outlook lies not with the much maligned UAW or salaried workforces. Or health care burdens and government regulations. No, the burden for the current state of a once-powerful automotive giant, sits squarely on the shoulders of management.
This is a regime that has displayed its true depth of ineptitude over the last twenty years. Observe the record. The worst of it having occurred during the tenure of the individual who is currently CEO. Contrary to some opinions, he has had significant influence over corporate direction since the early '90's.
It cannot be ignored. It cannot be denied. It cannot be spun. The corporate culture at GM is a direct reflection of the people populating the upper ranks. With very few exceptions, (one being Lutz) GM corporate management culture is decaying and out of touch.
They are politicians and hangers-on. Good old boys with their primary focus on who to associate with while they work on their next promotions. And product? GM could be stamping out purple widgets and they could not care less. These are not "car guys" as they would have the public believe. Actual "car guys" who run most of the truly successful auto makers worldwide would never pull some of the totally irresponsible stunts that these folks do. Just look at the product. Recall FIAT? And remember that "like begets like".
It has been said before and it needs to be repeated. To save GM, a wholesale management change must occur. And not just replacing the current top tier with their subordinates groomed by the system. GM needs fresh blood to truly change the culture and allow a realization of the incredible potential that exists in a workforce that just needs inspiring, competent leadership.
That is it in a nutshell. Inspiring. Competent. Leadership.
This is a regime that has displayed its true depth of ineptitude over the last twenty years. Observe the record. The worst of it having occurred during the tenure of the individual who is currently CEO. Contrary to some opinions, he has had significant influence over corporate direction since the early '90's.
It cannot be ignored. It cannot be denied. It cannot be spun. The corporate culture at GM is a direct reflection of the people populating the upper ranks. With very few exceptions, (one being Lutz) GM corporate management culture is decaying and out of touch.
They are politicians and hangers-on. Good old boys with their primary focus on who to associate with while they work on their next promotions. And product? GM could be stamping out purple widgets and they could not care less. These are not "car guys" as they would have the public believe. Actual "car guys" who run most of the truly successful auto makers worldwide would never pull some of the totally irresponsible stunts that these folks do. Just look at the product. Recall FIAT? And remember that "like begets like".
It has been said before and it needs to be repeated. To save GM, a wholesale management change must occur. And not just replacing the current top tier with their subordinates groomed by the system. GM needs fresh blood to truly change the culture and allow a realization of the incredible potential that exists in a workforce that just needs inspiring, competent leadership.
That is it in a nutshell. Inspiring. Competent. Leadership.
WOW.
Re: Well it's official...GM is going down the crapper
Some people on here talk like no other car ever has any problems. My mom bought a 97 accord brand new. It had a cheap "wood grain" dash insert that broke! (It wasn't broken, it just broke one day all by its cheap self while we were driving down the road.) The glove box latch broke, and the driver seat stopped being adjustable one day. Then she got a '00 lexus RX 300. The paint is crap and has about 3 small spots that are peeling, the leather is in bad condition with about 45.000 miles on it, and it was in the shop about 5 times in the first 3 years she had it.
So stop acting like GM is the only company that puts out a so-so vehicle for the cheapest price they can. Honda and Toyota just have a way of making their trash appear to smell better.
So stop acting like GM is the only company that puts out a so-so vehicle for the cheapest price they can. Honda and Toyota just have a way of making their trash appear to smell better.
Re: Well it's official...GM is going down the crapper
Originally Posted by Darth Xed
The last GM car I had to have warranty work done on was my 99 Z28... since then we've had a 2001 Monte Carlo SS, a 2002 Monte Carlo SS, a 2004 Grand Prix GTP, and a 2004 GTO...
Re: Well it's official...GM is going down the crapper
Originally Posted by MarineReconZ28
Some people on here talk like no other car ever has any problems. My mom bought a 97 accord brand new. It had a cheap "wood grain" dash insert that broke! (It wasn't broken, it just broke one day all by its cheap self while we were driving down the road.) The glove box latch broke, and the driver seat stopped being adjustable one day. Then she got a '00 lexus RX 300. The paint is crap and has about 3 small spots that are peeling, the leather is in bad condition with about 45.000 miles on it, and it was in the shop about 5 times in the first 3 years she had it.
So stop acting like GM is the only company that puts out a so-so vehicle for the cheapest price they can. Honda and Toyota just have a way of making their trash appear to smell better.
So stop acting like GM is the only company that puts out a so-so vehicle for the cheapest price they can. Honda and Toyota just have a way of making their trash appear to smell better.
( sarcasm) These companies have an advantage GM does not have. The so called automotive press! According to these guys that is the case, so therefore those who read that filth will be influenced by it! IMHO That is why you could drive those cars through a field of *hit and they would come out smelling like roses. These guys would just make excuses for them, they are working through the problems, its really a good car OVERALL, etc. etc. BS. Maybe some of those morons working high up at GM also read this garbage and would like to see them go under also. One would think this would not make sense, as they would be out of jobs, but if you consider what D80 has said about them not being car guys? Maybe more than that, they are rich flaming lefties who would just go work at baush & laum, or AMF, since they're not car guys and could care less if GM is around or not. I wonder what some of these guys are driving, beemers, benz, or other non GM rich guy garbage! You'll have to excuse my sarcasm I get rather emotional when talking about this subject. Gee , I wonder how many of these GM execs( obviously we can't lump them all in there, I'm sure some are Flaming Car Guys and love workin for GM! ) feel this way about the company which pays their bills? By the way hows the la/ times doin' over there? I hear its getting mighty thin!
Last edited by SCNGENNFTHGEN; Jun 8, 2005 at 07:10 PM.
Re: Well it's official...GM is going down the crapper
GM is like the Lakers here in California most people only like them when there winning. If their not the best then people start to look deeper into the problems, like problems with bryant and oneal. looking for answers, then the comparisons begin, people stop likeing them. people are just accustomed to GM being the best, and GM thinks their past will keep them in business and the strongest brand. I say the most important thing gm needs to do is hire new designers make the cars more attractive, most important of all make rappers rap about them and put huge rims on them.
Re: Well it's official...GM is going down the crapper
Originally Posted by possumslayer
I find it humorous that everybody talks about JD powers surveys and how GM quality has gone up, wow the vehicle held together for 90 (round of applause) days quite an achievement for something that is the second largest purchase in most people's lives. People don't look at the long term in surveys and I'm willing to bet if they did GM as a whole would fare far worse if the results covered the first 3-5 years of ownership.
There is not a brand of vehicles that I can think of that go "ghetto" and by that mean visually falling apart, making bad noises, and having lower resale values. Hell, if you look at a 3 year old cavalier against a corolla or civic it looks like a piece of crap. Same with a Malibu, roommates mom bought on of the previous generation cars brand new, I though nice car. A few years later, piece of junk. Build a car that is durable in the longterm and people might start to buy your vehicles again. And for god's sake make an actual cool car that anybody with a regular paycheck can afford.
There is not a brand of vehicles that I can think of that go "ghetto" and by that mean visually falling apart, making bad noises, and having lower resale values. Hell, if you look at a 3 year old cavalier against a corolla or civic it looks like a piece of crap. Same with a Malibu, roommates mom bought on of the previous generation cars brand new, I though nice car. A few years later, piece of junk. Build a car that is durable in the longterm and people might start to buy your vehicles again. And for god's sake make an actual cool car that anybody with a regular paycheck can afford.
You can do Long Term quality studies, but all they tell you is how well the vehicle is maintained by the OWNER. It really has nothing to do with the "Manufacturer". If there is a major design flaw, it will show itself immediately. A vehicle that is taken care of and well maintained will perform well. A vehicle that doesn't have regular oil changes and is abused will have problems
In my experience we have GM Trucks/cars in my involvments that have 300k+ miles on them and still being used as daily drivers. The reason you see so many "Junk"; "Ghetto" GM cars on the road could be for the mere fact they are still running; whereas the Imports from said era are all in the Junkyard.
The Solstice is approximately 20k, the Cobalt is less then 20k. If you work at Mcdonalds their might be an Aveo SS out for you in the near future. Stay Tuned...
Re: Well it's official...GM is going down the crapper
Originally Posted by O-taka
dude, don't you have a conscience? how can you spout that propaganda when a simple google search reveals:
"The numbers involved are enormous: GM paid about $12 billion in interest on debt last year and Ford’s tab totaled about $7.1 billion. GM’s consolidated debt as of March 31 was $291.8 billion and Ford’s totaled $161.3 billion, S&P said." http://www.msnbc.msn.com/id/7749386/
"The numbers involved are enormous: GM paid about $12 billion in interest on debt last year and Ford’s tab totaled about $7.1 billion. GM’s consolidated debt as of March 31 was $291.8 billion and Ford’s totaled $161.3 billion, S&P said." http://www.msnbc.msn.com/id/7749386/
And did you just quote something off of MSNBC??
Re: Well it's official...GM is going down the crapper
c'mon, you can do better than that! or can you?
the numbers have been all over the news. how much of an ostrich do you want to be??
you would prefer something from the drudge report?
or maybe Xenophobia.com?
maybe GM management can start quoting this thread! yeah!
"We're ok, because certain authorities have claimed we are not in financial trouble at all!! Everything else is false!!"
the numbers have been all over the news. how much of an ostrich do you want to be??
you would prefer something from the drudge report?
or maybe Xenophobia.com?
maybe GM management can start quoting this thread! yeah!
"We're ok, because certain authorities have claimed we are not in financial trouble at all!! Everything else is false!!"


