Millions of Americans trust GM for the highest levels of quality and dependibility. And they only trust imports because firms like JDP and CR tell them to. They’ll learn once their car goes in for a major repair once the warranty is up! Meanwhile the rest of us will continue to laugh and snicker at them as we are driving our flawless, perfect GM vehicles for decades without a worry.

America has chosen and General Motors is our brand. Buy GM. An American Revolution

Toyota products are the epitome of garbage, everyone knows it and that is why Gm will continue to prosper in the future. No foriegn garbage to hold them down.

Toyota will die. Victim of the American Revolution that is General Motors

On the whole you are right in pointing out there are many benefits that flow from overseas manufacturers into American industry; however, I would like to make one slight correction. You say that GM learned about Toyota’s lean manufacturing production systems. That is probably true, but you are neglecting that Toyota (formerly Toyoda) learned that manufacturing process from GM, Ford, DuPont, Chrysler, etc. engineers after WWII. My step-grandfather was one of those engineers. And those American engineers had surely built their knowledge on ideas imported long ago from other nations. Again, the tenor of your message is technically correct, but nationalism (espoused by many on this site for both American and foreign automakers) does serve a legitimate business role.

Another aside I would address would be your contention that Toyota and other foreign marques are aiding the U.S. by providing jobs. This is technically true. Yet, there is a delicate balance inherent in such a supposition. It is quite important that we keep manufacturing jobs alive in the U.S. because we desperately need to retain know-how. Nations that BUILD things are rich nations (there is a seeming historical trend in service-based economies growing much slower than industrial based economies). Toyota is helping us to maintain that hands-on knowledge. However, such relationships deprive Americans of managerial experience (Toyota is famously closed to the idea of allowing American-born managers to rise too high in their ranks). Moreover, the massive profits are headed overseas. Therein lies the balance. Are we getting as much as we’re losing? There is nothing overtly wrong with questioning the value of our free-market dealings when there is persuasive evidence showing that certain foreign companies are not abiding by free market principles (which must be pure to function correctly and avoid protectionism). Consider that one of the few American Toyota executives of any note has accused Toyota of developing and marketing the Prius with the aid of government monies. This is clearly antithetical to how Japan has expected American car companies to work. I could go on, but I only mean to show you that there are legitimate reasons for the vitriol you seem to feel some of the domestic cheerleaders are spewing.

GM. An American Revolution

Look, the new Camaro is nice, but don’t be an idiot and pretend that it is a 100% American made and 100% American engineered vehicle, because it isn’t. Pontiac calling the G8 the rebirth of CAR in America with V8 power is flat out stupid.

Borat, GM learned very well. They out score Toyota in plant productivity. About even in quality/dependability and utilize JIT.

“GM is the only manufacturer to consistently improve year-over-year overall
in the history of the annual report. The company’s Toledo, Ohio, transmission
plant was the most productive transmission plant in North America for the
second year in a row, at 2.37 hours per transmission.
Additionally, three of GM’s assembly plants, five of its engine plants and
two stamping plants were ranked in the top 10 in productivity in their
respective categories.”

Again, GM will make a good profit next year. Now that their legacy cost are behind them watch out.

Ha, maybe the US can just get back to making its own money it needs without paying interest. The downside? The value of the dollar goes down.

Wait, that happens either way!!!

There, fixed that for ya.

While it is true that GM’s lousy performance was the initial injury to bondholders, the Obama administration worked hard and leaned hard on a federal judge to throw out 200 years of American jurisprudence on bankruptcy. And while that may not mean anything to you, it has sent shockwaves through the legal and business community. Towards the end of the last semester, many of my law school class discussions began touching on the dangerous road that one federal bankruptcy judge and the Obama administration has put us on. If you read any Chinese newspapers, as I do, you would be aware that the Chinese government and many Chinese businesses are now desperately worried about how much they can trust their American investments.

The Chinese government is threatening to slow down/stop their buying of t-bonds and a part of that has to do with their fear that the GM decision is a signpost that indicates the U.S. government has no interest in following its own laws. The driver for foreign investment in the U.S. is trust. Trust is established through contracts and a consistent application of contract law by our courts. The GM decision indicates American intentions to abrogate those responsibilities. There is a possibility that trust will evaporate.

The mistake you have made is that you seemingly believe that the president and his administration simply wiped out the bondholders as chapter 11 might have done; however, what you are ignoring is that, instead, the administration GAVE AWAY the bondholder’s place in the pecking order to the unions (which many of us “conspiracy theorists” see as nothing more than political payback). Just keep this in mind: You have no right to take my property and give it to someone else. Those union workers invested no capital. They worked for paychecks and benefits. Bondholders risked their money, which created jobs for the union workers. Destroy the bondholders in one company and you will see the beginning of the end of trust in American investments. I can’t explain what little a law student knows about contract law to you in a post, so I guess I’ll end with hoping it all works out. I have no incentive to be a bondholder in any American companies. My investments will probably go overseas to companies that incorporate in countries that respect the contract.

GM reneging is not exactly news.
Toyota sjhould be thanked for sharing their vaunted TPS system with anyone, much less their primary domestic rival.

Toyota did so for political reasons
While GM sat at the feet of the master
Toyota took over the market
If GM had an ounce of management,over the course of this agreemet, they’d be sitting pretty, with a strong, sound product portfolio, and a 25-30% share
But………..

I love how the desperate blame Obama for GM’s numerous misdeeds.
DrFill

GM and Chrysler are just two bankruptcy cases that has gotten way too many press coverage and opinion from people who has no clue about why there is bankruptcy law in this country to begin with, or from those with their own political agenda.

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