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Re: GM admits it flucked up big time
Honda automobiles Honda automobiles. (rec.autos.makers.honda)
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Re: GM admits it flucked up big time -
12-16-2008
, 06:49 PM
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On 16 Dec, 23:00, SMS <scharf.ste... (AT) geemail (DOT) com> wrote: Mike Hunter wrote: On the other GM makes the best cars since GM sells more of them than any other manufacturer. McDonald's makes the best hamburgers because they sell more of them than any other restaurant. McDonalds makes the same quality all over the world (except in the UK because the brits can not make food and ruin quality) but it is definitely not the best quality GM can not do either. |
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As for "#1 selling vehicle" - If Chevy is so hot, why does GM want billions of public tax money to fund their private company? |
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Will the FBI be invesagate Toyota? Toyota has been "shifting" the profits, earned on the vehicles they sell in America, and they have been doing it US corporate federal income tax free. LOL |
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GM does not sell the "#1 selling vehicle" in the US, Ford does but GM does sell more cars and trucks than any other manufacturer in the US. What they 'want' are loans, not public tax money and GM is not a private company like Chrysler, it is a publicly owned stock company. You might want to do a bit more research befor you comment on a subject of which you obviously have little or no knowledge |
confuse publicly traded with publicly owned.
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"me" <noemail (AT) nothere (DOT) com> wrote in message news:hu9hk4dpsitv1vs602umpql4vvf8gnkrm1 (AT) 4ax (DOT) com... As for "#1 selling vehicle" - If Chevy is so hot, why does GM want billions of public tax money to fund their private company? |
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On Sat, 3 Jan 2009 08:08:47 -0500, Mike Marlow mmarlowREM... (AT) alltel (DOT) net> wrote: On Sat, 03 Jan 2009 02:16:26 -0500, me cast forth these pearls of wisdom...: On Sat, 3 Jan 2009 00:41:20 -0500, "80 Knight" <nospam> wrote: "me" <noem... (AT) nothere (DOT) com> wrote in message news  2ltl4589malghebohi5c4h0ttkpu0ee0u (AT) 4ax (DOT) com...On Fri, 2 Jan 2009 21:31:19 -0500, "80 Knight" <nospam> wrote: Seeing how you can't admit to facts, even when they are proven, I am pretty much done with you. Enjoy your convenience store, and whatever Jap car you own. And please feel free to leave the GM newsgroup. Moron. GM admits they fucked up. But go ahead, keep on defending them against stupidity they already admit to. See you in March when they need another fat loan to keep their dying, worthless product line in business. GM admitting anything is like the defendent admitting that they made a foolish move and they are oh-so sorry for it. It's just words, attempting to appease the decision makers they stand before. I agree to the extent that they are only saying that they get it because they think they are supposed to get it. Internally, they are still a bunch of arrogant dickheads who I doubt will never change their ways (short of bankruptcy). In a sense they did not screw up. They built and sold what was in high demand and was making high profit for them. In another sense they did screw up because it was very short sighted for any car manufacturer to not prepare for the impact of rising oil prices. GM actually had the fleet to face that onslaught very well, but they could not capitalize on it for a bigger reason - they lost the consumer confidence after too many years of treating their customers like they were mindless and would simply keep coming back, regardless of the treatment they received. Agreed on the "in another sense they did". They screwed up big time. In business, you can't put all your eggs in one product basket because eventually that basket will lose public appeal. You have to diversify. They grabbed short term profit at the expense of ANY long term planning. Any first year business student could see the problem with their sales mix and predict their future. GM's cars were on the overall, quite good. Where they had problem areas that could have been fixed, they decided to ignore the consumer and continue foisting those problems on the consumer. Bad decision. Manufacturers like Hyundai were coming up and gaining respectability, and demonstrating that quality could be had for reasonable prices. Hyundai is the vice-versa to the way GM was/is run. GM let their management arrogance blindside them in classic good-old-boys manner. Not because the cars were junk or were not what people wanted, but because people finally got tired of some of the same old problems and the lack of concern by GM decision makers. The fact is that much of it was junk and not what people wanted. Sure, they had some good vehicles. But think of it from the other direction: if GM was the foreign manufacturer and arrived here trying to sell their cars. The only reason they've survived as long as they did is their long history in this country and Americans buying their cars through tradition. That's worn thin now. In my opinion, the biggest problem today with GM is that the people who put GM where they are today are the same people who got handed the money, and nothing will change going forward. Any changes shown to the public will be cosmetic changes only and the manner of doing business will remain the same. Whacking heads either on the factory floor, or in the executive suite will not solve the problem if the underlying business philosophy of the company does not change. As long as Wagoner is there, GM will never regain its rightful position in the eyes of the consumer. Correct: If they keep Wagoner, or a successor picked by the same BOD, they will be in the same position in March when they need another taxpayer bailout, and again in six more months, and again after that. They will never change. |
money because the idiot president you have owns a lot of stock.
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