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GM Post 9.6 Billion loss ...we need mo money

It would be funny to see BMW purchase Saturn and turn it into a huge money maker.. Turn it into a green car company of electric and hybrids only... Spaceage...
 
navychief said:
There IS no line anymore. But there IS a growing anger in this country.

NC
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You were close there.

This is how it should go.

"There IS no line anymore. But there IS a growing line of angry people in this country."
 
I said it when the bailout became an issue in 10-08, anyone supporting this bill is a walking zombie!

They should be made to declare bankruptcy. The real sorry part of it all is that the people they are laying off more are from their Opel and SAAB companies in Europe that are making cars that sell. Can't lay off those Union workers can they!

Caz, whose BP gets up every time I read about the entire mega-scandal and that is exactly what it is, by GM, AIG, the banks, the entire lot.
 
All I know is, I'm starting a new job and looking at getting a new car in the next few months, but as much as I would like to buy American - my old Saturn SL has served well for over a decade - I'm not going to be looking at GM, or Chrysler. Ford is pretty good especially for the model I'd want (Focus coupe), but other than that nothing American-made matches up to a sporty Civic coupe.

Consumer Reports puts Honda and Subaru's average scores at the very top and recommends most models; America's Big Three form three quarters of the bottom four, recommending just a couple models from GM and none at all from Chrysler. But we're still bailing them out despite the fact that it's clearly not consumer confidence or a credit crisis creating most of their problems.
 
One more thing..


It would be cool if Saturn makes it through this.. That is one awesome car group. I think their present cars are not worth it.. but the group and endeavor is.. Would be cool to see someone pick them up and rescue them.


........and... I think it was Unions that helped destroy the American car companies.. There was a time when they were needed.. but now the Government has stepped in to protect people in work ethics. (Bottom line, a person putting on lugnuts shouldnt make 75,000.00 a year while an engineer makes hardly enough to live on).

My humble two cents.


Bill
 
I'm hoping new car companies will rise to the occasion. Perhaps Tesla Motors, perhaps some of the other start ups out there. :jump: You know: new technology, new thinking.
 
Cratermaker said:
I'm hoping new car companies will rise to the occasion. Perhaps Tesla Motors, perhaps some of the other start ups out there. :jump: You know: new technology, new thinking.
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Man, that would be awesome.....


You know how GM was born?


Here is a short story...

A man who designed a little horseless buggy, very simple machine with a one cylinder engine and big flywheel to keep it from stalling, went into production. He called it the 'Olds Mobile'... The 1902 'Oldsmobile' swept America and made cars affordable.

Around that time, shooting for the 1903 assembly line time, a man who had a huge machine shop, offered to manufacture the engines at a cheaper price and that he could build more for less and better, increasing performance through better machined parts (better crank balancing, etc).

He won the bid.....

That man became quite successful.... He then did some thinking.. There were perhaps 100 or 200 (or far more) auto companies in the United States back then (yep......) and he figured he could get a hand full together and make a umbrella 'corporation' (kind of a new concept back then) in which several car companies pool their earnings together and through all times, when one would not make enough, the others supported them, and vice versa....


He started this 'concern' and begot General Motors.......




............and so you know, the rest.... of the story! Good day!
 
Lionheart said:
One more thing..


It would be cool if Saturn makes it through this.. That is one awesome car group. I think their present cars are not worth it.. but the group and endeavor is.. Would be cool to see someone pick them up and rescue them.


........and... I think it was Unions that helped destroy the American car companies.. There was a time when they were needed.. but now the Government has stepped in to protect people in work ethics. (Bottom line, a person putting on lugnuts shouldnt make 75,000.00 a year while an engineer makes hardly enough to live on).

My humble two cents.


Bill
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Bill, I understand the frustration with the thinking that the unions destroyed the American car industry but can you tell me why, through all the years, the the failed CEO's of Ford, GM, Crysler get multi-million buyouts as they are booted out the door? What are the unions suppose to think when this happens? The money is there right? We want our cut. With the immigrant invasion upon us they all could have said "Screw the unions" and replaced them all with mexicans. But they didn't because it would be bad PR and they were paying their executives millions of dollars in bonuses and pay every year. Now, when the bottom drops out, the unions are the bad guys? What about the guys making more in a month than all the union labor makes in a year. That didn't have anything to do with it?
Moe, you should know better than to post this here. :icon31:
 
Trans_23 said:
Bill, I understand the frustration with the thinking that the unions destroyed the American car industry but can you tell me why, through all the years, the the failed CEO's of Ford, GM, Crysler get multi-million buyouts as they are booted out the door? What are the unions suppose to think when this happens? The money is there right? We want our cut. With the immigrant invasion upon us they all could have said "Screw the unions" and replaced them all with mexicans. But they didn't because it would be bad PR and they were paying their executives millions of dollars in bonuses and pay every year. Now, when the bottom drops out, the unions are the bad guys? What about the guys making more in a month than all the union labor makes in a year. That didn't have anything to do with it?
Moe, you should know better than to post this here. :icon31:
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Oh, I could not agree more.

I owned a 2001 Focus Wagon, wonderful car, did everything just right, never a burp. Saved my body from serious injury in a head-on in May 06. I will give testimony to their structural integrity. But that was when Ford built the Focus Wagon at their F-150 Plant in Norfolk by American laborers and they used the European design.

What do we have in a Focus today? Only a coupe and sedan made in Mexico that looks nothing like the beautiful European Focus. Is that not a brain fart of the top $$ thinkers at Ford - America.

Tell you what, if they would make this in America and put it on their dealer lots, i'd scoff one up in a heartbeat.

ford_focus-wagon-2008_r6.jpg


I do not want a third-world car, take that Mexican-built POS and sell it in a third-world country.

Until then, I'll stay in a Honda Fit built in Ohio by American labor.

Caz
 
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