Think about it…GM was #1 for DECADES! Toyota’s goal has always been to surpass GM in volume. The ironic thing is, as they did just that touting their superior quality, their warts are finally being brought to light by the onece blinded media. Which company has had the most recalls last year> TOYOTA…Which comany has had the LARGEST RECALL in history? TOYOTA… Toyota has been very good at keepong their sub par quality issues out of the medias spotlight. Therefore, their “superior quality” is just a veiled perception. GM is still out selling Toyota in North America. Toyota has lost more money that GM both this year & last year. They are bleeding cash! If they were sooooo great & soooo well run, why are they losing more money that GM?
Import car companies have come here to build factories to ASSEMBLE their products while getting away with huge tax incentives & lower than previous industry wages. During that time, Detroit was expected to pay double the wages w/o the incentives of their foreign competitors. I am glad the union finally came to their senses about fairness in wages & benefits. That was long over due. But look what has happended. Import companies came here & got a big hug for our politicians thru tax abatements, etc. Now, our once middle and upper middle class industry has been forced to lower the wages of that very class that buys products and services all over America with their wages. Lower wages means less money spent.
Trade laws have also helped to injure our domestic auto industry. Kia imported 750,000 cars to the U.S. last year. GM was only allowed to export 6,000 to Korea. Does that sound fair?
I am not saying the problems of the big 3 are not of their own doing. Like many big companies, they have had their issues & miscues. However, you have to look at the big picture & protect & dance with those who brought you to the dance. It all starts with the consumer. If we all don’t support the big 3 & at least admit that they have began an area of world class quality, etc.(whch they have done) , give their products the chance they deserve, well…we will get what is coming to us.

If that happenes, then the blind, cynical American consumer did exactly what Hitler & Japan & BinLaden couldn’t do. Afterall, If we ever get into another war with them, I am sure they will let us ASSEMBLE THEIR bombs & tanks in their factories in Alabama.

Are you really that gullible? So what if the government gave loans to the Big 3 back in WWII? Germany and Japan did the same thing to their own major companies. Volkswagen, Mercedes-Benz, BMW, Audi, Toyota, Mitsubishi, Nissan, etc.; they all had a part for developing weapons and vehicles for their respective nations. And as far as I’m concerned, they were all doing it for the money also.

So how were the Big 3 anymore different than the others back then? When nations are at war, major industries will see huge profits from it. Quite frankly, that’s possibly the only thing they would’ve cared about back then.

Thanks for making a complete ignorant ass out of yourself and proving my point that you are an anti-American fool.

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How’s that?

Yes, the automotive bailouts were created to prevent GM and Chrysler from going bankrupt due to the amount of losses they’ve occurred throughout the last few decades as a result of poor business management. If I remember correctly, GM and Chrysler went to Congress and pleaded with them to give them billions of dollars in assistance, as well as a ton of excuses over why they should remain relevant in this day and age. They get the bailout money anyway, and they still ended up going bankrupt, and being temporarily owned by the government until they could negotiate a settlement.

Too bad they will have to pay back all the government loans they’ve asked for. Even Congress can go bankrupt one day, and it will be snowing in hell if that ever happens.

It doesn’t matter, let’s just reward greed and stupidity anyway, because responsibility is the most UN-American thing a citizen could ever have!

GM earned the money, think of it as a bonus for all their hard efforts.

Here’s to continued success, with or without your naysayers!

GM. AN American Revolution

LOL WUT? o_O

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LMAO:-))) Not bad, but to be effective it needs work, it’s, well, derivative with an attempt at originality/style;-) Cool Dawg used to be a pro at this… I’ll put in a word for you… Not making promises, but…;-)

DB9;-)

PS. I take it y’all hit a dry town…;-)) Curious, are you really sure you need the affirmation of buying the symbol, maybe it’s already evident for all to see… later alligator;-))

Be American. buy American. buy GM.

As for the domino theory, companies go bankrupt routinely and operations and suppliers continue during the restructure. Airlines do it all the time, and I have flown on airlines that are technically in default but the suppliers still bring them gas, and they get paid. It never was the case that it would be the way it happened or the economy becomes unraveled – it was about political misuse of a crisis situation. That happened no matter who is in power, but it is my nature to actively oppose it, and with a car purchase that is pretty easy mostly. The suppliers and the factories would have continued (at least most of them) in any case.

Unfortunately, GM is so intertwined with the automotive industry, that allowing it to fail would’ve literally made the recession even worse than it is now. Even by letting Toyota fail, it would have an extremely bad influence on the entire market. So I would watch it, when saying that you would want any of these companies to fail.

as far as the corruption bit, i don’t have enough info to comment either way…giving the uaw ownership (i’m assuming this is the bit you’re upset over) puts them at risk for failure as well, and you have to admit with your conservative slant it’s not a surprise (nor a coincidence) that you’re falling on the anti-union side of things…that said, you present a braveheart-like stance on corruption, yet you should not be so naive as to assume it doesn’t happen at the highest levels of every administration…if you really are so anti-corruption, you should be completely anti-government whoever is in power, as several conservative administrations could be equally accused of such shady practices…

that said, it’s a bit childish to openly hope for the failure of an organization that will cause widespread economic hardship if it fails…there is more at stake than your ideology here…

GM is Americas automotive institution and the world standard in Automotive engineering excellence. Our reward will be more than monetary, it will be the future of this great company and it’s future successes.

Be American. Buy American. Buy GM

Be American. Buy American. Buy GM. It is your patriotic obligation

That point aside, I didn’t object to the first loan, but I said at the time “give them one loan and let them fail or succeed on it.” What was it – $13B or so? But my objection now to all things GM comes from the fact in the bankruptcy process that the secured business loans were robbed by the government and given to unsecured partners (mostly the UAW) in a political payoff in a complete disregard for business law, and then the secured partners were threatened if they objected. That form of behavior should never be allowed to succeed. NEVER. And I don’t care if the political reward was given to a group I like or not – it is the principle of theft and political payoff that must always fail and always be actively opposed. If you don’t oppose corruption in a situation like this you literally have no legitimate reason to complain about it ever.

Maybe some of you, those who criticized the appointment of Whitacre, can now see the difference between the functions of the Chairman of the Board of Directors, Ed Whitacre and the Chief Executive Officer (CEO), Fritz Henderson. What you are seeing now is an activist Board of Directors that has management on a leash – the way it should be! If the previous board had done its job GM would probably not be in this mess. A Government installed Board of Directors is GM’s best hope at saving itself from, well, itself – now who would’ve thought:-))

DB9;-)

PS. Mr. Nagin, not to worry, you may get you wish…

Smegley – great attitude to have. Yes it was not our choice to have our tax money loaned to GM and Chrysler, but they need to succeed in order for us to get our money back. Your attitude is the same as investing your own money into the stock of a company and then immediately wanting it to fail so you do not get your investment back. Think about that.

the failure of +80 billion investment would make alot of sense, wouldnt it?