Off to car heaven

#51

"David T. Johnson" <djohnson (AT) isomedia (DOT) com> wrote

Quote:

Dave U. Random wrote:
Moneyblog http://is.gd/jYqP

Say goodbye to Saturn. And Saab and Hummer, for that matter. Pontiac,
too, for all intents and purposes.

There have been some good cars produced under those names...and I hope
they'll find a way to continue. But...not under GM. GM has acquired
other companies for years beginning with Oldsmobile and ending with
Hummer. By and large it's been a 101-year disaster. GM has only one way
of doing things and it's not a good one now for the 21st century. When
they have such a large market share, their disaster becomes our disaster.
A steadily shrinking GM is much better for the American economy than a
suddenly-collapsing one. The entire idea behind 'GM' is wrong in the age
of instant messaging and widespread computer tools (top-down management
and corporate structure, stifled innovation, the total is more important
than the sums, etc.) and it's time for 'GM' to slowly fade into history
and give way to manufacturing structures from other companies more attuned
to contemporary times. GM was the right idea for the industrial
revolution in the early 20th century but now they are way past their time.
The best thing that could possibly happen to the brands listed above is to
cut loose. Maybe they'll go out of business but they would have gone away
anyway and this way they might have a chance at some sort of new life.

The best thing for GM is what Wagoner wants to avoid as his salary will be
cut. Chapter 11. Chapter 11 forces the issues to be resolved by creditors,
suppliers, unions, management with a no BS right now attitude. For if they
don't, chapter 7.

In chapter 7, worst case GM as it exists now is sold off to recover as much
as possible for the creditors. Everything will be sold off. This also
includes the GM trademarks and plants.

With GM in chapter 7, some smart billionaires will buy enough of GM without
the baggage and start GM New, maybe even eventually relisted as GMN.
Seriously, a GM reborn but without the baggage. Many will even be rehired
but as if in a brand new company and in a way to bypass union issues, likely
term contract work so if you are a trouble maker they just drop your
renewal.

It is also possible GM Europe and GM China are sold off into seperate
business units with no real relationship to GM North America. And will go
their own way.

GM will not die completely, but it will be forced into a real and tangible
re-organization without the rehtoric and BS seen so far.

#52

"Tom W. Butts" <corn (AT) cob (DOT) com> wrote

Quote:

On Sat, 21 Feb 2009 20:38:48 -0500, "Mike Hunter"
mikehunt2@lycos/com> wrote:

Perhaps that is because you never go off road in you ten year old Corolla.
LOL

Shee-it. Are there any 10 year old Corrolas left?

Lots of them, Bubba.. I drove one just recently. It was like a new car.

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Off to car heaven

Saturn cars All about Saturn cars, fans and company. (rec.autos.makers.saturn)

Re: Off to car heaven - 02-23-2009 , 06:13 PM

Re: Off to car heaven - 02-23-2009 , 07:20 PM